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Cargolux China project moves ahead

MAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT JBHT: SHORT-LIVED RALLY AND STEADY YIELDGXO: NEW ZENITH KNIN: STRENGTH CHRW: MOMENTUMWTC: WEAKENING

MAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT JBHT: SHORT-LIVED RALLY AND STEADY YIELDGXO: NEW ZENITH KNIN: STRENGTH CHRW: MOMENTUMWTC: WEAKENING

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Luxembourg, 12 June 2017 – Today saw the formal signing of the Joint Venture Equity Contract in respect of the establishment of a cargo airline which will operate under the auspices of a Chinese AOC.

75% of the shares in this airline will be held by HNCA, the Henan Airport Group and the Xinggang Investment Group Company., Ltd (which company represents the Zhengzhou Airport Economic Zone). Cargolux will hold the remaining 25%.

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    Cargolux Cargolux China China Henan Airport Group Zhengzhou Airport Economic Zone e-commerce freighters International Air Transport Association (IATA) Red Sea Crisis

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