Tianjin Cargo Airlines set for May launch
26 / 02 / 2018
Tianjin Cargo Airlines is set to launch operations in May utilising B737 aircraft, according to local reports.
According to China Civil Aviation Network News, the airline will begin operations on May 2 utilising three B737 freighters.
Initially, the airline will operate routes between Tianjin and Zhengzhou, Xi'an, Chongqing, Shenzhen, Urumqi, Shanghai Pudong and Guangzhou.
It will be the only all-cargo-operator located at Tianjin, which is to the south-east of congested Beijing Capitial International airport.
The airline hopes to add B767 and B747 aircraft in the future and expand its fleet to between 50 and 100 aircraft over the next five years.
The airline also plans in the future to add intercontinental freight routes to Europe, Africa, Oceania, North America and South America.
According to the airline's initial filing with the Civil Aviation Authority of China, it will be 43% owned by Tianjin Aviation Logistics, 44% will be owned by Tianjin Airlines - which acquired its share with when its parent took over Tianhang Holdings - and Yang Hang Investment Holdings owns 13%. It's total capital stands at CNY700m.
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