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Cathay Pacific and DHL form express cargo joint venture

Hong, Kong - The express courier to buy a 30% stake in airlines's cargo subsidiary

Cathay Pacific Airways (Cathay Pacific) and DHL Worldwide Express (DHL) today announced that they have signed a new joint venture agreement. DHL has now acquired a 30% stake in Cathay Pacific's formerly wholly-owned subsidiary, Air Hong Kong. Under the agreement, Air Hong Kong will now purchase a fleet of mid-range, wide-body aircraft to operate and enhance DHL's network to the major cities in the...

AVIONEWS - World Aeronautical Press Agency - 34537
Rome, Italy, 10/09/2002 14:06
AVIONEWS - World Aeronautical Press Agency

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