Following the aborted take-off of its initial cargo venture in China, Korean Air plans to take to the skies with a new partner, China’s Sinotrans Air Transportation Development.

Under the deal finalised in Beijing on Tuesday, Korean Air, the world’s largest commercial air cargo company, and a subsidiary of Sinotrans would invest $65m to launch a new cargo airline. The new venture will give Korean Air an important presence in the rapidly growing market following the collapse of its talks to take a large stake in Chinese start-up Okay Airways.