Hainan Airlines
Established on 15 January 2003 as the second cargo airline in the country after China Cargo Airlines, Yangtze River Express was majority owned by the HNA Group (85%) with Hainan Airlines Co (5%) and Shanghai Airport Group (10%) holding the remaining shares. The airline took over the entire cargo operations of Hainan Airlines, China Xinhua Airlines, Chang An Airlines and Shanxi Airlines, all members of the Hainan Air Group.