Chinese e-commerce giant JD.com's Jiangsu Jingdong Cargo Airlines has passed the initial review by the Civil Aviation Administration of China (CAAC) East China Regional Authority, according to a CAAC announcement Tuesday.
The company, which has a registered capital of RMB 600 million (US$92.74 million), is a joint venture between JD.com's Suqian Jindong Zhanrui Enterprise Management and Nantong Xingdong International Airport.
Suqian Jindong Zhanrui Enterprise Management, controlled by the JD.com founder Richard Liu, contributed RMB 450 million, or 75%, and Nantong Xingdong International Airport contributed RMB 150 million, or 75%. Nantong Xingdong International Airport contributed RMB150 million, accounting for 25%.
Jiangsu Jingdong Cargo Airlines will be mainly engaged in domestic, including Hong Kong, Macau, Taiwan and international air cargo and mail transportation in China, with Nantong Xingdong International Airport as the main base, and will use B737-800 series aircraft.
The company said its current professional and technical staff is recruited from the community, including 10 pilots, 7 dispatchers and 9 maintenance personnel. The operation demand will be met by social recruitment and campus recruitment later.
Currently, only three Chinese express companies, SF Express, China Post and YTO Express, have established logistics airlines.
(Photo source: Unsplash)
