A chinese cargo airline startup linked to e-commerce giant JD.com has won the go-ahead from regulators, reports London's Air Cargo News..
Jiangsu Jingdong Cargo Airlines will be 75 per cent owned by Suqian Jindong Zhanrui Enterprise Management, which is in turn controlled by JD.com founder Richard Liu. The remaining 25 per cent of the company will be owned by Nantong Airport Group.
The airline, which received approval from the Civil Aviation Administration of China (CC) earlier this month, will be based in Nantong and will have CNY600 million (US$92.5 million) in capital.
The carrier will utilise a fleet of B737-800 freighters on domestic and international services.
In partnership with airlines, JD.com has been expanding its air cargo network over recent months as it looks to meet growing e-commerce demand and speed up delivery times.
In June it added its first China-US flights and in May it added services to Bangkok.
SeaNews Turkey
Jiangsu Jingdong Cargo Airlines will be 75 per cent owned by Suqian Jindong Zhanrui Enterprise Management, which is in turn controlled by JD.com founder Richard Liu. The remaining 25 per cent of the company will be owned by Nantong Airport Group.
The airline, which received approval from the Civil Aviation Administration of China (CC) earlier this month, will be based in Nantong and will have CNY600 million (US$92.5 million) in capital.
The carrier will utilise a fleet of B737-800 freighters on domestic and international services.
In partnership with airlines, JD.com has been expanding its air cargo network over recent months as it looks to meet growing e-commerce demand and speed up delivery times.
In June it added its first China-US flights and in May it added services to Bangkok.
SeaNews Turkey
