JD Logistics Shops for Planes to Tap Air Freight Demand

JD Logistics Inc., the logistics arm of Chinese e-commerce giant JD.com Inc., is planning to set up its own fleet of planes as the Chinese firm eyes a greater slice of a cross-border cargo market engulfed by global supply chain snarls. CEO Yu Rui says the company aims to have “no fewer than 100 planes” by 2030, including leased and jointly purchased aircraft. He speaks exclusively to Bloomberg. (Source: Bloomberg)