YTO Cargo Airlines (YG, Hangzhou) is to start international operations on March 10 with a charter flight routed Shanghai Pudong-Seoul Incheon-Qingdao Jiaodong-Hong Kong International-Shanghai Pudong. Chinese aviation portal WCARN reports YTO will be the first private cargo carrier in China to operate international flights.
Backed by CNY400million (USD62.52million) in start-up capital, the carrier is owned by the Shanghai YTO Express Investment (Group) Co Ltd (90%) and two individuals. The carrier is licensed to provide scheduled domestic and international air cargo services and will do so using an initial fleet of two ex-Donghai Airlines (DZ, Shenzhen) B737-300(F) aircraft.
