The Civil Aviation Administration of China (CAAC) has issued an air operator’s certificate (AOC) for Tianjin Cargo Airlines, which helped it move one step closer toward formal launch. The first Tianjin-based cargo carrier received formal CAAC approval in October 2017 and had planned to launch in the first half of this year. The HNA Group subsidiary—a joint venture of HNA Group and the Tianjin municipal government—has a registered capital of CNY700 million ($109 million). ...

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