The Civil Aviation Administration of China (CAAC) has approved the launch of Hangzhou-based CDI Cargo Airlines.
The Civil Aviation Administration of China (CAAC) has approved the launch of Hangzhou-based CDI Cargo Airlines. It will initially acquire one Boeing 737-800 with plans to introduce two more of the type. The new cargo venture has a registered capital of CNY200 million ($31.8 million). Huixiang Industrial Investment Co., which invested CNY102 million, has a 51% ownership. Haofu Group holds a 24% stake, Asia Yingsheng Investment Co. holds 15% and Caulfield Investment Co. holds the remaining ...
"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.