History
The airline was established on 30 July 1998 and started operations in October 1998. It was founded as, and remains, a joint venture between China Eastern Airlines (70%) and China Ocean Shipping (30%). It briefly adopted the title China Eastern Airlines Cargo, and reverted to its original name again after becoming an independent subsidiary in 2004.
Its parent company China Eastern Airlines has reached agreement to inject more capital into the cargo airline. Its stake will fall from 70 percent to just over 51 percent. China Ocean Shipping's share reduced to 17 percent. This allowed Singapore Airlines Cargo to invest up to 16 percent of the cargo airline. In addition, Eva Air also purchased a 16 percent share of the airline.
In 2011 China Cargo Airlines merged operations with Great Wall Airlines and Shanghai Airlines Cargo, the two will be rebranded as China Cargo Airlines progressively.
Read more about this topic: China Cargo Airlines
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