Ningxia Cargo Airlines has received approval from the Civil Aviation Administration of China for its launch. The specific timetable for its formal launch remains to be decided. According to the regulator, the Yinchuan-based carrier has a registered capital of CNY120 million ($19.5 million). Shan’xi Tongyang Investment Management Company made an investment of CNY63.6 million to hold a 53% stake, while Xi’an Huijie Industrial and Trade Company invested CNY52.8 million for a 44% ...

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