China’s first mixed-ownership int’l cargo airline given approval

China Northwest International Cargo Airlines
Xi'an Xianyang International Airport (XIY) in northwestern China.

China’s civil aviation authority has given the green light to China Northwest International Cargo Airlines, its first cross-border cargo airline consisting of joint public/private investment by privately-owned firms and the government.

Based out of Xi’an Xianyang International Airport (XIY) in northwestern China, the carrier’s operations will include cargo and mail services to domestic and regional destinations, including Hong Kong, Macao and Taiwan, as well as other international destinations.

The Civil Aviation Administration of China approved the establishment of the cargo carrier, the aviation authority said in a public notice on 3 September. The registered capital of the proposed company is CNY 1 billion (USD 150 million), of which Shaanxi Provincial Communication Construction Group invested half of the total.

Other investors include courier giant YTO Express Group’s affiliate YTO Cargo Airlines with a 20 per cent stake, Shaanxi West Ham District Metro Airport Development and Construction Group also with 20 per cent, and Western Airport Group with the remaining 10 per cent.

The approval follows the recent official approval for the operations of Tianjin Air Cargo, a new cargo carrier based in the Beijing-Tianjin-Hebei region.

Summary
China's first mixed-ownership int'l cargo airline given approval
Article Name
China's first mixed-ownership int'l cargo airline given approval
Description
China's civil aviation authority has given the green light to its first cross-border cargo airline consisting of joint public/private investment by privately-owned firms and the government. 
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AsiaCargoBuzz.com
AsiaCargoBuzz.com
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