Hainan to build world's 4th largest cargo airline
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Hainan to build world's 4th largest cargo airline
Air Cargo World:
(my emphasis)
Cross-border trade need prompts launch of Tianjin Cargo Airlines
Noting that Beijing Capital International Airport is ill-equipped to fulfill future cross-border-fueled airlift demands in China, Hainan Airlines has launched a new cargo airline in the neighboring city of Tianjin. The new airline, Tianjin Cargo Airlines, which was registered on April 27 with initial operating capital of US$107 million, will be a joint-venture between Hainan Airlines Group and the Tianjin local government, through the Tianjin Port Free Trade Zone.
Tianjin Cargo Airlines plans to capitalize on the capacity limitations and congestion issues that plague the nearby airport in Beijing. Within five years, the venture is expected to operate a fleet of between 50 and 100 aircraft, operating on mostly international routes between Tianjin, Northeast Asia, Europe and the Americas.
A representative from the Port Free Trade Zone added in an interview with local media that the airline aims to fill major gaps in cross-border e-commerce airlift, with little room for expansion in Beijing.
Major online retailers in China, such as JD.com, already have significant operations in the free-trade zone, and the airport is served by DHL, FedEx, UPS and TNT Express and Chinese express carrier SF Airlines.
Tianjin Cargo Airlines plans to capitalize on the capacity limitations and congestion issues that plague the nearby airport in Beijing. Within five years, the venture is expected to operate a fleet of between 50 and 100 aircraft, operating on mostly international routes between Tianjin, Northeast Asia, Europe and the Americas.
A representative from the Port Free Trade Zone added in an interview with local media that the airline aims to fill major gaps in cross-border e-commerce airlift, with little room for expansion in Beijing.
Major online retailers in China, such as JD.com, already have significant operations in the free-trade zone, and the airport is served by DHL, FedEx, UPS and TNT Express and Chinese express carrier SF Airlines.
Cross-border trade need prompts launch of Tianjin Cargo Airlines
