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By Alex Lennane
A new cargo airline is set to launch in China before the end of the year. Shanghai courier company YTO Express has received regulatory approval from the CAAC to operate an airline in the domestic market, including Hong Kong, Macao and Taiwan.
YTO will hold a 90% share in the airline, which has registered capital of CNY400m ($65m), with two individuals holding a 5% stake of CNY20m each.
YTO Cargo Airlines will initially begin operations, out of its Hangzhou hub near Shanghai, ...
Comment on this article
Mohd.Tareak Iqbal
March 13, 2018 at 9:12 amDear Sir
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Thanks and best regards
Mohd.Tareak Iqbal