The Civil Aviation Administration of China (CAAC) is expected to green light Ningxia Cargo Airlines, the first cargo carrier based in West China. The new cargo entity, based in the Ningxia Autonomous Region, has a registered capital of CNY120 million ($18.98 million). Shanghai Chongda International Freight Co., which has a 40%  holding, is the major stakeholder. Shan’xi Tongyang Investment Management has a 25% stake and Shan’xi Xiangyu Logistics Co., Xi’an Huijie ...

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