Tianjin Cargo Airlines continues progress towards launch
01 / 06 / 2018
Tianjin Cargo Airlines has continued to make progress towards its launch, most recently receiving its Air Operator’s Certificate from the Civil Aviation Administration of China (CAAC).
The airline had been hoping to launch operations in May, but this now appears to have been pushed back.
Details on the CAAC website dhow the airline will operate utilising three Boeing 737 freighters, of which two are purchased and one is leased
Initially, the airline will operate routes between Tianjin and Zhengzhou, Xi’an, Chongqing, Shenzhen, Urumqi, Shanghai Pudong and Guangzhou.
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.
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 process of launching an airline in China can be lengthy. ATSG recently decided to step back from its plans for JV cargo airline in the country, while Cargolux’s JV airline continues to face delays.
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