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Firm controlled by JD.com founder cleared to set up Chinese cargo airline

Source: hksar.org hksar.org
News Snapshot:

Add Your News Firm controlled by JD.com founder cleared to set up Chinese cargo airline A company controlled by the founder of China's e-commerce giant JD.com Inc (9618.HK) has been granted approval to set up a new cargo airline based in the eastern province of Jiangsu, China's aviation regulator said on Tuesday. Jiangsu Jingdong Cargo Airlines, with registered capital of 600 million yuan ($92.83 million), has obtained preliminary regulatory approvals to launch a new carrier, the Civil Aviation Administration of China said in a notice. Suqian Jindong Zhanrui Enterprise Management, controlled by the JD.com founder Richard Liu, will contribute 75%…

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