The Tianjin municipal government has injected CNY120 million ($19 million) into Tianjin Cargo Airlines to enable it to launch in this year’s first half. The first Tianjin-based cargo carrier received formal approval from the Civil Aviation Administration of China (CAAC) in October 2017 and is scheduled to launch May 2. The airline has a registered capital of CNY700 million. As a joint venture launched by HNA Group and Tianjin municipal government, HNA Group subsidiary Tianjin ...

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