History
Established on 15 January 2003 as the second cargo airline in the country after China Cargo Airlines, it was majority owned by the Hainan Air Group (85%) with Hainan Airlines Co (5%) and Shanghai Airport Group (10%) holding the remaining shares. The airline took over the entire cargo operations of Hainan Airlines, China Xinhua Airlines, Chang'an Airlines and Shanxi Airlines, all members of the Hainan Air Group.
In 2006, it divested 49% of its shareholdings to a consortium of companies including China Airlines, Yang Ming Marine Transport Corporation, Wan Hai Lines and China Container Express Lines. China Airlines' became the largest foreign shareholder with a 25% stake.
Read more about this topic: Yangtze River Express
Famous quotes containing the word history:
“A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
—David Hume (1711–1776)
“History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,—when did burdock and plantain sprout first?”
—Henry David Thoreau (1817–1862)
“There is a history in all men’s lives,
Figuring the natures of the times deceased,
The which observed, a man may prophesy,
With a near aim, of the main chance of things
As yet not come to life.”
—William Shakespeare (1564–1616)