Aviation Industry Corp. of China (AVIC) is planning to launch a cargo carrier soon in an effort to boost sales of the MA600 turboprop freighter, which is made by its subsidiary Xi’an. The new cargo venture has been granted an air operator certificate from the Civil Aviation Administration of China (CAAC); the airline will be based in Guangzhou. AVIC subsidiary Joy Air holds a 45% stake with an investment of CNY225 million ($32.6 million), while Guangzhou Dongling Industrial ...

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