Zhengzhou

A freight forwarder has put up $35.7m – 40% of the capital investment – to launch a new cargo airline. 

Zhengzhou Airlines, to be based at Cargolux’s China hub, has received CAAC approval to launch domestic and international cargo operations.

It will take off with capital of Rmb600m ($89.3m). Directors Zhan Yang and Song Shengli will each put up 30%, while Henan Zhongzhou Tengfei International Freight Forwarding will invest the remaining 40%. 

The carrier will use 737 freighters and has already employed 14 pilots and four licensed dispatchers, with a further three captains ...

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