Jiaxing Will Build New Aviation Logistics Hub
On June 16th, Shanghai YTO Express announced that it will be building an international aviation logistics hub with a total investment of 6.61 billion yuan in Jiaxing, Zhejiang province, according to an investment agreement inked between the Shanghai-based company and the municipal government of Jiaxing. The project is aimed at contributing to the integration of the Yangtze River Delta region and enhancing China’s capabilities in air cargo.
The aviation logistics hub is expected to raise the company’s freight handling capacity to 2.4 million tons by 2050. To facilitate the hub’s operation, YTO Express will also build a transport center, a logistics technology research and development center, and a commercial hub in the region.
The unique location, economic structure, infrastructure facilities, consumer market and local government’s support have made Jiaxing an ideal choice for YTO to develop an aviation logistics hub.
China is expected to have 723 civil cargo aircraft by 2038, according to a report by the Aviation Industry Corporation of China. It’s believed that China’s civil cargo aircraft industry will embrace fast growth in the next 20 years.