China’s couriers are looking to launch their own cargo airlines in the fast-growing domestic express delivery market. Shanghai-based YTO Express Co. said it is applying to the Civil Aviation Administration of China to launch a cargo airline to alleviate belly payload capacity shortages of domestic airlines. According to YTO Express, it plans to invest CNY5.5 billion ($875 million) in the new cargo venture over the next 10 years once it secures regulatory approval. The new airline ...

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