Latest News:  
Beijing   Cloudy/Light rain    13 / 7 ℃  City Forecast


Yuantong to build airline

By Ji Beibei (Global Times)

14:04, November 29, 2012

Shanghai Yuantong Express Co confirmed Wednesday a plan to build its own airline to meet rising demand for expedited delivery, after the China Air Transport Association (CATA) banned the firm's Shanghai unit from sending cargoes by plane after a battery fire accident.

"We plan to invest over 5 billion yuan ($802 million) to build an airfreight base in Hangzhou, Zhejiang Province," a Yuantong Express senior manager surnamed Wang told the Global Times Wednesday. "In the coming 10 years, we will have over 20 airplanes of our own."

The company was applying to the Civil Aviation Administration of China for approval to set up its own airline, according to Wang.

But Wang denied the plan has anything to do with the CATA penalty. CATA announced on November 19 that Yuantong Express' Shanghai unit had lost its second-class air cargo agent qualification by delivering lithium batteries against regulations.

"We formed our airfreight plan long before the penalty," Wang said. "The airfreight strategy is to meet a surging demand for speedy deliveries amid the rapid pace of life."

The express business has surged over the past two years, with daily deliveries hitting over 18 million units on average this year from 10 million units in 2010, the People's Daily reported Wednesday.

Yuantong's peak daily package delivery hit 7 million units this month, double the amount last year, The Economic Herald reported Tuesday. Behind the rapid expansion of business, management loopholes also surfaced, the report said.

【1】 【2】

Recommended Features:
Vibrant Opportunities amid Transition From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
The Vision of A Pillar Industry China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Chinese firms 'potential Trojan horses'?


Leave your comment0 comments

  1. Name


Selections for you

  1. Anti-aircraft artillery regiment in training

  2. Chinese navy fleet enters West Pacific

  3. Christmas is around the corner

  4. TCM preventive treatment of discease

  5. Death toll hits 11 in NE China capsizing

  6. Ice train to withstand extreme cold

  7. Sexy models pose for 2013 FC Barcelona Calendar

  8. Belgian Farmers Spray Milk At Police In Protest

Most Popular


  1. Will China run out of water by 2030?
  2. What’s behind pupils' bread and milk lunch?
  3. China's solar panel seeking revival at home
  4. Currency swaps to take on bigger role
  5. China's rise opportunity, rather than threat
  6. China's economy picking up steam
  7. Debt crisis handicaps EU foreign affairs
  8. US not a bystander of Israeli-Palestinian conflict
  9. What a successful woman needs ?
  10. Commentary: Experimental financial reforms

What’s happening in China

Detective-Conan-themed Lawson convenience store opens in Shanghai

  1. Billionaire quits political post
  2. Fired officials aided poachers
  3. Whistle-blower arrested for economic crimes
  4. Police chief helped drug dealers: cops
  5. Birth rule could be relaxed