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, […]
October 1, 2010
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.