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China cargo carriers merge to form huge freight company

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The three largest airline cargo carriers in China will merge to form Asia’s largest freight transport company, according to a senior official at the Civil Aviation Administration of China.

The three merging companies are Air China Cargo, China Cargo Airlines and China Southern Cargo, the official said, quoting deputy director Zhou Laizhen.

No timeline or valuation of the merger was provided.

Air China Cargo is a joint venture freight project between Air China Limited and Cathay Pacific Airways Limited .
China Cargo Airlines is a venture between China Eastern and China Ocean Shipping Company (COSCO).