Are China’s ports and shipping companies being used to spy on the world?
The growing reach of China across the global port industry is a decades-long trend that ...
© Khunaspix Dreamstime.
By Alex Lennane
A new Zhengzhou-based airline could soon be on its way. One year ago, in the draft commercial agreement between Cargolux and its soon-to-be shareholder HNCA, it was stated: “HNCA and Cargolux shall jointly incorporate a joint venture airline company based in Zhengzhou, Henan Province, China within 24 to 36 months from the effective date of this agreement.”
A feasibility study was to be conducted “as soon as reasonably possible” and completed within a year. That deadline is nearly up.
The agreement was ...
Comment on this article
john
October 28, 2014 at 5:08 pmhow do you know the figures? is the agreement of Cargolux with CGO public domain?
Alex Lennane
October 29, 2014 at 10:31 amWe have a copy of the initial commercial agreement, which is dated September 30 2013. According to one source, the agreement that was signed in January 2014 was not substantially different, although we can’t verify that.