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            september 19, 2019

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PACTL and Nantong Airport set up JV


Shanghai Pudong International Airport Cargo Terminal Co., Ltd (PACTL) and Nantong Xingdong Airport Co., Ltd (Nantong Airport) have inked an agreement to set up a joint venture named PACTL Nantong Xingdong Airport Cargo Terminal Co., Ltd. (PACTL NTG) that will provide handling services to airlines and forwarders at Nantong Airport.
In total, the two shareholders - PACTL (49 per cent) and Nantong Airport (51 per cent) - will register a capital of CNY18 million (US$2.61 million). The registration of the JV is expected to be completed by year end, reported American Journal of Transportation (AJOT).
Adjacent to the sophisticated cargo handling offers already provided by PACTL at Shanghai Pudong International Airport (PVG), PACTL NTG will launch passenger baggage handling and loading services when going live.
Further offers shall be added gradually in line with the demand of the joint venture company's customers at Nantong Airport. This enables PACTL to commence the management of multiple cargo terminals and to continue the expansion of its scope of business.
Nantong Airport will benefit from a significant enhancement of its cargo handling capabilities, which will strengthen its position within the domestic air cargo market.

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