The city of Guangzhou, in South China's Guangdong Province, will soon have a local cargo airline after the country's aviation authorities cleared the launch of new start-up carrier.

According to a statement released Thursday by the aviation watchdog, CAAC Central and South Regional Administration has given an initial approval for the launch of Longhao Air, a new private carrier being financed by a local company.

The new venture, which is wholly owned by Guangdong Longhao Group, has a registered capital of 400 million yuan.

Based at Guangzhou Baiyun International Airport, Longhao Air plans to fly domestic and international cargo & mail services (including Hong Kong, Taiwan and Macau), using a fleet of Boeing 737 jets.

Currently, Longhao Air has enrolled five captains, six pilots, nine maintenance staff and four flight dispatchers for the initial operation

The Department of Air Transportation of CAAC has begun soliciting public comments on the application until June 1, 2016.