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Foreign air express firms see vast market potential.
(From China Daily)
Foreign air express companies such as UPS and FedEx say they will expand their business in China following the Sino-US aviation agreement signed recently.
The new agreement contains a key provision that allows US cargo carriers to establish hubs in China once specific criteria are met.
FedEx is looking at hub expansion opportunities in Asia, including consideration of the new Guangzhou Baiyun International Airport, says David L Cunningham, president of FedEx Asia-Pacific operation.
Last December, FedEx signed a framework agreement with the Guangzhou Airport Authority to explore opportunities for potential future hub …
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