Yangtze River Express
Yangtze River Express (Yangtze River Express Airlines Company Limited) is a cargo airline based in the People's Republic of China.
Established on 15 January 2003 as the second cargo airline in the country after China Cargo Airlines, 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.
Yangtze Express have applied for permission to serve Irkutsk in Russia, Dallas and Los Angeles in USA from summer 2009, pending CAAC approval, they also serve some domestic and Asian routes. From 2010 a Shanghai, Tianjin Binhai International Airport, Prague, Luxembourg, Shanghai round trip route has been operated.
The Yangtse River Express fleet consists of the following aircraft:
- 5 Boeing 737-300F
- 3 Boeing 737-300QC
- 3 Boeing 747-400BDSF
- 1 Boeing 747-400F