Yangtze River Express
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Yangtze River Express Airlines Company Limited (扬子江快运航空有限公司, or 扬子江快运 for short) is a cargo airline based in China. Established on 15 January 2003 as the second cargo airline in the country after China Cargo Airlines [link], it was majority owned by the Hainan Air Group (85%) with Hainan Airlines Co (5%) and Shanghai Airport Group (10%) holding the remaining shares.
The airline took over the entire cargo operations of Hainan Airlines, China Xinhua Airlines, Chang'an Airlines and Shanxi Airlines, all members of the Hainan Air Group.
In 2006, it divested 49% of its shareholdings to a consortium of companies including China Airlines, Yang Ming Marine Transport Corporation, Wan Hai Lines and China Container Express Lines. China Airlines' became the largest foreign shareholder with a 25% stake.
Code Data
Fleet
The Yangtse River Express fleet consists of 6 Boeing B737-300 aircraft (at March 2005).External links
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