Uni-Top interested in grounded Grand Star Cargo International

Grand Star Cargo International Airlines is set to take on a new majority shareholder in the form of China-based logistics firm, Uni-Top Group, who have signed a Letter of Intent with current Grand Star majority shareholder, Sinotrans Air Transportation Development Co (Sinotrans Air) for the transfer of their 51% stake. CargoFacts speculates that Uni-Top, owners of Uni-Top Airlines , are likely "interested in securing Grand Star’s Tianjin traffic rights" as well as adding its parked B747-400(F) (B-2427 / MSN 26401) to their current fleet of three older B747-200(F)s. Sinotrans had originally planned to liquidate Grand Star's assets in 2012, but then decided otherwise.

CH-Aviation

Photos: Uni-Top