Chinese firm to launch cargo business in Turkey with big jumbo jets
HNA Group, the flagship company of China’s Hainan Airlines, will announce a “strategic investment partnership” with Turkey’s ACT Airlines, an air-cargo company based in Istanbul, according to a statement.
 
The details of the partnership will be revealed Thursday during a press meeting to be attended by HNA Group Chairman Chen Feng, board member Adam Tan, and ACT Cargo partner Yavuz Çizmeci, the statement said.
 
However, the plan includes HNA’s plan to launch a large cargo business in Turkey, according to a source close to the issue.
 
HNA’s Boeing 747 cargo planes, also known as jumbo jets, will start operating in Turkey in cooperation with ACT, the source said, adding that there were no such large cargo jets in the local business. ACT currently operates with Airbus A300 aircraft.
 
HNA Group provides aviation, logistics, finance and tourism services with a staff of 90,000. The company’s total investments approach $30 billion, according to official data.
 
HNA last year acquired an aircraft maintenance facility at Istanbul’s Sabiha Gökçen Airport on the Asian side of the city in cooperation with Bravia Investment from New York. ACT’s Çizmeci was the chief executive there and will continue at his post.
 
ACT is dedicating its planes to DHL and Lufthansa.
 
The company used to carry equipment from Britain to Afghanistan for the military, the source said. ACT has also been active in Gulf countries.
 

 
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