Beijing approves cargo carrier linked to e-commerce giant JD.com
A Chinese cargo carrier with links to e-commerce giant JD.com has received preliminary approval from civil aviation regulators to launch operations. Jiangsu Jingdong Cargo Airlines, which will be based in the eastern Chinese city of Nantong, will launch with CNY600m in capital, states the Civil Aviation Administration of China (CAAC) in a 3 August notice. It will be 75% owned by Suqian Jindong Zhanrui Enterprise Management, a company controlled by JD.com founder Richard Liu. Nantong Airport Group will contribute the remaining 25% in capital. The CAAC notice states that the airline will be headed by Li Jiangshi, a former general manager at aerospace company Sichuan Haite High-tech.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-08-05/unaligned/beijing-approves-cargo-carrier-linked-to-e-commerce-giant-jd.com
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Beijing approves cargo carrier linked to e-commerce giant JD.com
A Chinese cargo carrier with links to e-commerce giant JD.com has received preliminary approval from civil aviation regulators to launch operations. Jiangsu Jingdong Cargo Airlines, which will be based in the eastern Chinese city of Nantong, will launch with CNY600m in capital, states the Civil Aviation Administration of China (CAAC) in a 3 August notice. It will be 75% owned by Suqian Jindong Zhanrui Enterprise Management, a company controlled by JD.com founder Richard Liu. Nantong Airport Group will contribute the remaining 25% in capital. The CAAC notice states that the airline will be headed by Li Jiangshi, a former general manager at aerospace company Sichuan Haite High-tech.<br/>
