Shanghai Pudong International Airport Cargo Terminal Co., Ltd. (PACTL) and Nantong Xingdong Airport Co., Ltd. (Nantong Airport) has signed an agreement to establish a joint venture to offer handling services to airlines and forwarders at Nantong Airport. The registration of the company, PACTL Nantong Xingdong Airport Cargo Terminal Co., Ltd. (PACTL NTG), was scheduled to be completed by the end of December 2016. In total, the two shareholders – PACTL (49 per cent) and Nantong Airport (51 per cent) – will register a capital of RMB18m.
Next 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 development and 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 in the meantime benefit from a significant enhancement of its cargo handling capabilities which will strengthen its position within the domestic air cargo market.