Cargolux – is the Zhengzhou experiment navigating into troubled waters?

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The Cargolux-HNCA deal was supposed to herald a new era for the European all-cargo carrier, but according to CargoForwarder, a report that it commissioned from German strategy consultant Roland Berger found that the joint-venture is faced with losses for the next five years, and operate for the following five years at break-even. On the other hand, there are also suggestions that Foxconn is considering huge expansion to its production facilities in Zhengzhou – the hi-tech manufacturer was always slated to be the airline’s base customer.