China’s Shun Feng Airlines to expand cargo fleet

Shun Feng Airlines, a Chinese privately run cargo operator, plans to expand its fleet from seven to more than 25 aircraft to meet growing demand for domestic express delivery services according to chairman Li Dongqi. Most China’s domestic cargo airlines are experiencing operating losses due to sluggish market demand resulting from global economic uncertainty and China’s export slowdown. Shun Feng Express Group, the controlling stakeholder, has an 85% holding. Last year, ...