More should be known next week about the shape of Cargolux China, the new joint-venture between Luxembourg-based Cargolux and its Chinese shareholder HNCA, following a board meeting on 19 January.
Zhengzhou-based HNCA (Henan Civil Aviation Development & Investment Co) acquired a 35% stake in Cargolux from the Luxembourg government in 2013, via a commercial agreement which also involved setting up the JV.
On a visit to Henan, François Bausch, Luxembourg’s minister for sustainable development and infrastructure, told newspaper Luxemburger Wort that Cargolux ...
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