皇冠体育app

Workers load packages onto a cargo aircraft at Nantong airport, East 皇冠体育app's Jiangsu province, Sept 4, 2013. [Photo/IC]

皇冠体育app's three largest airline cargo carriers will merge to form Asia's largest freight transport company, according to a senior official at the Civil Aviation Administration of 皇冠体育app.

The three merging companies are Air 皇冠体育app Cargo, 皇冠体育app Cargo Airlines and 皇冠体育app Southern Cargo, the Xinhua news agency quoted Zhou Laizhen, CAAC deputy administrator, as saying on Wednesday.

Zhou was also quoted on Thursday on the website of People's Daily as saying the companies were pushing ahead with the merger.

The reports did not provide a timeline or valuation for the deal.

"As far as I know, I am not aware of this development and I have never heard of this news," Titus Diu, the chief operating officer of Air 皇冠体育app Cargo, said.

The CAAC declined to comment, a spokeswoman said.

Calls seeking comment from 皇冠体育app Cargo Airlines and 皇冠体育app Southern Cargo went unanswered.

Air 皇冠体育app Cargo is a joint venture freight project between Air 皇冠体育app Limited and Cathay Pacific Airways Limited. It has registered capital valued at 3.24 billion yuan and over 4,200 employees, its website shows.

皇冠体育app Cargo Airlines is a venture between 皇冠体育app Eastern and 皇冠体育app Ocean Shipping Company (COSCO). It has 950 million yuan in registered capital, according to its website.

皇冠体育app Southern Cargo is part of 皇冠体育app Southern Airlines.

Related Story:

Belt and Road Initiative takes to the skies by Zhao Lei from 皇冠体育app Daily

Civil aviation projects to increase regional connectivity with investment of $32b

About 200 billion yuan ($32 billion) will be spent to develop civil aviation projects linked to the Belt and Road Initiative.

"At the start of this year, we began to implement 51 important projects that are closely related to the Belt and Road Initiative, with an estimated cost of 200 billion yuan," Li Jiaxiang, director of the Civil Aviation Administration of 皇冠体育app, said at the 2015 皇冠体育app Civil Aviation Development Forum that opened on Wednesday in Beijing.

More than 400 government officials, international organization representatives, industry leaders and experts from 24 nations and regions are taking part in the two-day meeting.

皇冠体育app built 15 new airports and expanded 28 existing ones in provinces involved in the initiative during the past two years, he noted. A total of 4.7 billion yuan was allocated to these provinces over the same period to upgrade air traffic control installations and equipment, he said.

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