Air China and Hong Kong's Cathay Pacific hope to conclude a cargo joint venture deal by the end of the year.

The two carriers first announced plans for the JV in 2006. An Air China spokeswoman says the deal "should have been done earlier", but adds that the carriers are targeting the end of this year to conclude a deal.

http://www.flightglobal.com/articles/2009/08/27/331535/air-china-and-cathay-to-set-up-cargo-jv-by-end-2009.html