The Board of Directors of Cargolux Airlines International S.A. today approved entering into a Commercial Cooperation Agreement with Henan Civil Aviation and Investment Co., Ltd. (HNCA).
This resolution paves the way for a close and mutually beneficial partnership between Cargolux and the airline’s future Chinese investor following the recent decision by the State of Luxembourg to sell its 35% stake to HNCA pending formal approval by the relevant Chinese authorities.