The Civil Aviation Administration of China (CAAC) has approved an air operator’s certificate for Ningxia Cargo Airlines, which is to become the first cargo carrier to be based in the west of the country, the Ningxia Autonomous Region. Based in Yinchuan, the carrier has a registered capital of CNY120 million (US$19.6 million), in which Shan’xi Tongyang Investment Management Co. holds a 53 per cent stake, Xi’an Huijie Industrial Logistics Co. with a 44 per cent stake, … [Read more...] about Ningxia Cargo Airlines gets green light