There has been some confusion over this tale of Chinese consolidation. Last month it was reported that a source at the aviation administration revealed there could be a merger between three major cargo airlines. Then, a few days later, it was denied. Now comes an article from the Beijing Review saying that the state-owned asset council has begun preparing studies on a possible merger between Air China Cargo, China Cargo Airlines and China Southern Cargo. The Shanghai-based operators would create the largest air cargo company in Asia and the fourth-largest in the world. An interesting article on the Chinese air cargo market.