The Civil Aviation Administration of China (CAAC) is expected to approve a license for new cargo carrier Ningxia Cargo Airlines based in the Ningxia Autonomous Region in West China.
The new airline has a registered capital of CNY120 million ($18.98 million), with major shareholder Shanghai Chongda International Freight Co., holding 40% .
Shan’xi Tongyang Investment Management has a 25% stake and Shan’xi Xiangyu Logistics Co., Xi’an Huijie Logistics Co., and Shan’xi International Air Freight hold the rest.
Related posts
AIRLINES COMPLAIN ABOUT HIGH DELHI AIRPORT CHARGES
By
Dino D'Amore
13th January 2011