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Tianjin Cargo Airlines launched to tap into exploding e-commerce growth
HAINAN Airlines has launched a new cargo airline in Tianjin given that Beijing airport is said to be too ill-equipped to fulfil anticipated demand for cross-border airlift in China.
The new airline, Tianjin Cargo Airlines, registered on April 27 with initial operating capital of US$107 million, is a joint-venture between Hainan Airlines Group and the Tianjin local government, through the Tianjin port free trade zone.
Tianjin Cargo Airlines plans to capitalise on the capacity limitations and congestion issues that plague the airport in Beijing. Within five years, the venture is expected to operate a fleet of between 50 and 100 aircraft, operating mainly on international routes between Tianjin, Northeast Asia, Europe and the Americas, New York's Air Cargo World.
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.
The new airline, Tianjin Cargo Airlines, registered on April 27 with initial operating capital of US$107 million, is a joint-venture between Hainan Airlines Group and the Tianjin local government, through the Tianjin port free trade zone.
Tianjin Cargo Airlines plans to capitalise on the capacity limitations and congestion issues that plague the airport in Beijing. Within five years, the venture is expected to operate a fleet of between 50 and 100 aircraft, operating mainly on international routes between Tianjin, Northeast Asia, Europe and the Americas, New York's Air Cargo World.
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.
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