Yangtze River Express
Founded in 2003, Yangtze River Express is a privately-owned cargo airline based at Shanghai Hongqiao International Airport, China. Part of the HNA Group, Yangtze River Express operates domestic and international service from its main base at Shanghai Pudong International Airport.
Location of Yangtze River Express main hub (Shanghai Pudong Airport)
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Robert Martin, Managing Director and CEO of BOC Aviation, explains the rationale behind his company's widebody orders and the effect the industry's recovery has had on demand for leasing companies. In this exclusive CAPA interview, Mr Martin discusses the A320 and A321neo, as well as offering valuable insight into the industry.
The CAAC has come out with an extraordinary prediction this month: Chinese airlines will nearly double their fleet size to as many as 5,000 aircraft by 2015. In the shadows of a major international air show on home soil, one might expect some bullish sentiment from the hosts. But the comment, by CAAC Head Li Jiaxiang, that the nation's domestic carriers will have an expected combined fleet of 4,800-5,000 aircraft in just five years (from 2,600 at present) is a breathtaking assessment. Even if it's only 50% accurate, aircraft manufacturers big and small are in for a bonanza.
With China’s GDP surging in the first half of 2010 in response to a stronger global economy, it is no surprise that the Chinese air freight market is going from strength to strength, as the country’s manufacturing sector recovers at a cracking pace following the global financial downturn. But the Chinese air freight segment, still in its formative stages, is highly fragmented. At the beginning of the year, the CAAC stated it would focus on the development of the country’s cargo industry and encourage cargo airlines to undergo mergers and acquisitions, restructuring and business cooperation. Furthermore, in its Development Strategic Plan, the CAAC stated it plans to develop at least one internationally competitive airline company and one internationally competitive cargo airline by 2030. In this article, we review the most recent developments of China's air freight market participants.