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Article: China's Largest Airline Positioning To Be The ``Federal Express'' of China; China Southern Injects $18M and Buys 49% of China Postal Airlines.
- Article from:
- Business Wire
- Article date:
- June 21, 2002
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Business Editors & Travel Writers
BEIJING--(BUSINESS WIRE)--June 21, 2002
China Southern Airlines (NYSE: ZNH) (HKSE: 1055), the largest airline in The People's Republic of China, has inked a new agreement with China State Post Bureau which will secure China Southern's position as the premier cargo, mail and overnight mail carrier in China.
"With the lucrative next-day, overnight mail business booming in China, China Southern Airlines has today positioned itself as China's answer to Federal Express," said Mr. Wang Changshun, President, China Southern Airlines.
China State Post Bureau and China Southern Airlines inked the formal pact ...