The Civil Aviation Administration of China has approved the application from Ningxia Cargo Airlines to launch domestic cargo and mail transportation (including Hong Kong, Taiwan and
Macau), using Boeing 737-300 freighters.
Based at Yinchuan Hedong Airport in the Ningxia Autonomous Region in western China, the new cargo airline has a registered capital of 120 million yuan (US$19.5 m).
Shan'xi Tongyang Investment Management, which has a 53% holding, is the major stakeholder. Xi'an Huijie Logistics Co. has a 44% stake and Shannxi Xiangyu Logistics Co., Shanghai Chongda
International Freight Co., Shan'xi International Air Freight hold the rest.
Ningxia Cargo Airlines will be a limited company with Shen Huawei, ex-general manager of Shannxi Int'l Freight, as its president.
Although the formal launch date remains to be decided, the new venture is expected to initially fly Boeing 737-300Fs leased from Hangzhou-based Zhejiang Loong Airlines, which operates as Loong Air.
Separately, Loong Air last month launched a B737-300F freighter service between the southwestern Chinese city of Kunming and Bangladesh capital Dhaka, making it the first international freighter link from Kunming.
Guo Libao, vice president of the carrier was quoted as saying that some 6,000 tonnes of goods will be carried on the sector every year, including textiles, medicines, mechanical equipment, electronics products and flowers.
Nol van Fenema