New China-based cargo carrier linked to JD.com prepares for launch

By Damian Brett

Source: JD.Com

A new China-based cargo airline with links to e-commerce firm JD.com has gained preliminary approval to begin flights.

Reports suggest that Jiangsu Jingdong Cargo Airlines will be 75% owned by Suqian Jindong Zhanrui Enterprise Management, which is in turn controlled by JD.com founder Richard Liu.

The airline, which received approval from the Civil Aviation Administration of China (CAAC) earlier this month, will be based in Nantong and will have Y600m in capital.

The carrier will utilise a fleet of B737-800 freighters on domestic and international services.

The remaining 25% of the company will be owned by Nantong Airport Group.

In partnership with airlines, JD.Com has been expanding its air cargo network over recent months as it looks to meet growing e-commerce demand and speed up delivery times.

In June it added its first China-US flights and in May it added services to Bangkok.

Share this story

Related Topics

Latest asia news

Cainiao adds new Malaysia cargo flights to cater for e-commerce demand

By Damian Brett

Cainiao Network, the logistics arm of Alibaba Group, has announced plans to add new Malaysia charter flights as the country…

Read More

Share this story

DB Cargo’s Silk Road rail expansion targets air and sea

Germany’s DB Cargo has launched a subsidiary to make railfreight on the New Silk Road between China and Europe an…

Read More

Share this story

Swissport gains full ownership of Korean JV

By Damian Brett

Swissport International has become the full owner of its South Korea joint venture as part of its growth strategy in…

Read More

Share this story