Jinyi Group Holdings (00565) announced that on October 29, 2024, Qionggang and Macau Airlines (as a charter carrier) signed a freighter lease agreement with Borui (as a charter operator). According to this, Qionggang Macau Airlines shall provide cargo air charter services from Hong Kong to Miami to carry out cargo air transportation for the period from November 1, 2024 to November 30, 2024.
According to the announcement, the Group has been actively seeking new business opportunities to diversify its investment portfolio and surpass the current property management business. The board of directors believes that if the freighter leasing business is implemented, it will bring new revenue streams and bring maximum returns to the company and its shareholders in the long run. According to the freighter leasing agreement, it is anticipated that a new freighter service between Hong Kong International Airport and Miami International Airport will allow the Group to enter the growing e-commerce corridor between the two major commercial hubs and consolidate its position in the freighter leasing market.
