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Grandstar Cargo Airlines OKs plan to liquidate carrier
2012-05-24 00:03:00

HONG KONG, May 24 (GCTL) - Chinese shipper Sinotrans Ltd. said Wednesday that the board of Grandstar Cargo International Airlines, a freight forwarder jointly owned by a unit of Sinotrans and Korean Air Lines Co, has approved plans to liquidate the carrier amid mounting losses and lackluster prospects in the air-freight market，Dow Jones News reported.

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Category : Maritime Greater China  

Tags : Korean Air Lines Co, Grandstar Cargo International Airlines, freight forwarder, Sinotrans Ltd.,

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