The Civil Aviation Administration of China (CAAC) has approved an air operator’s certificate for Ningxia Cargo Airlines, which is to become the first local carrier in Ningxia Autonomous Region. The Yinchuan-based carrier has a registered capital of CNY120 million ($19.6 million), in which Shan’xi Tongyang Investment Management Co. holds a 53% stake with an CNY63.6 million investment and Xi’an Huijie Industrial Logistics Co. holds a 44% stake with a CNY52.8 million ...

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