Thai Air Cargo formed.(Qantas Airways and CTI Holding of Thailand)(Brief Article)

Airports International, January, 2005

Qantas Airways and CTI Holding of Thailand have formed Thai Air Cargo. A new Asian cargo airline based in Bangkok, it is 51%-owned by Thailand's CTI Holding and 49% by Qantas. It will:

* primarily serve Asian sectors within five to six flying hours of Bangkok;

* operate high capacity MD-11 freighter aircraft of 86 tonnes of cargo load; and

* initially target markets in Japan, China, India and Europe, where it will establish sales offices.

Its first flight is scheduled for mid-2005.

Qantas Executive General Manager Denis Adams said: "The launch of Thai Air Cargo also demonstrates Qantas' overall commitment to expanding its Asian operations, including the commencement of Qantas services between Sydney and Shanghai and the...

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