New China-based cargo carrier linked to JD.com prepares for launch
05 / 08 / 2021
By Damian Brett
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.