Tianjin Cargo Airlines has received launch approval from the Civil Aviation Administration of China (CAAC)-North China Regional Administration as China’s air cargo market rebounds. The Tianjin-based cargo venture has a registered capital of CNY700 million ($106 million), which comprises a CNY310 million investment by HNA Group’s subsidiary Tianjin Airlines to hold a 44% stake; a CNY300 million investment by Tianjin Aviation Logistics Co. to hold a 43% stake; and a CNY90 million ...
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