CHINA: China-based cargo carrier of convenience in trouble

Yangtze River Express, a Chinese cargo carrier established by joint venture partners in 2005 to capitalise on the fact there were no direct air links across the Taiwan Strait at the time, appears to have fallen victim to historical circumstance. With cross Strait flights now flourishing following a warming of ties between Taipei and Beijing, […]


Yangtze River Express, a Chinese cargo carrier established by joint venture partners in 2005 to capitalise on the fact there were no direct air links across the Taiwan Strait at the time, appears to have fallen victim to historical circumstance. With cross Strait flights now flourishing following a warming of ties between Taipei and Beijing, Yangtze’s shareholders ¨C China Airlines, Yang Ming Marine Transport and Wan Hai Lines ¨C are reportedly set to sell their stakes in the air cargo carrier. Taiwan-based China Airlines will sell its 25 per cent share, Yang Ming its 12 per cent and Wan Hai its six per cent stake to Hainan Air Group, also currently a major shareholder in the company.

Yangtze River Express was founded in 2002 and operates a fleet of 12 cargo aircraft in Asia, Europe and the US. Yangtze has been incurring losses over the last three years because of increasing fuel prices and the economic crisis of 2009, reported local media.