Yuantong Express launches cargo airline
OCT 2, 2015: Yuantong (YTO) Airlines made its maiden flight from Hangzhou to Chengdu. YTO Airlines has entered into an agreement with Boeing to provide the airline with 737-800 Boeing converted freighters. YTO Airlines is expected to operate three Boeing 737-300 freighters. The first of the three has already been put into operation. The second and the third aircraft are scheduled to join the fleet in November and December this year.
Earlier this year, Yuantong Express received permission from the Civil Aviation Administration of China (CAAC), to launch a cargo carrier. Yuantong Express has been dependent on domestic carriers’ charter flights and ground transport for its deliveries. However, rapid growth in the domestic express industry on account of e-commerce made the company to establish its own cargo carrier to meet the fast growing express delivery market demands.
"We are honored that YTO Airlines has chosen to partner with Boeing as it expands its operations and freighter fleet. We are confident the 737-800BCF with its more advanced avionics, better fuel efficiency and lower operating costs will provide the airline with a competitive advantage in the marketplace,” said Rick Anderson, VP-Sales, Commercial Aviation Services.
The 737-800 will be the first next generation 737 that Boeing offers for conversion. Through its 737 freighter conversion programme, Boeing will support customers in the narrow body freighter market, a segment of the freighter market growing quickly around the world. YTO Airlines is a Hangzhou-based Chinese express cargo carrier backed by Shanghai YTO Express Investment Group. The carrier currently operates a fleet of Boeing 737-300F airplanes, providing domestic and international air cargo services.