China Southern teaming up Air France

HONG KONG, June 3 - China Southern Airlines Co Ltd said on Tuesday it planned to set up a 75 percent owned air cargo transportation joint venture in China with Air Bleu Ltd, a firm controlled by Air France-KLM Group.

The joint venture, which is pending approval from relevant government authorities in the mainland, will be involved in the cargo and mail airline services, ground handling services, operation of warehouses and other storage services, customs clearance agency, and import and export services, the Chinese carrier said.

The company said the investment amount of the joint venture is still being negotiated. It gave no further financial details of the joint venture.


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