Cargolux inks new China airline JV agreement

Cargolux has announced that the Joint Venture Equity Contract in respect of the establishment of a cargo airline which will operate under the auspices of a Chinese AOC has been signed. Some 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%. The signing of the ‘Airline Equity Joint Venture Contract’ in Beijing, is described as a “major landmark and step forward in the launching of a resident cargo airline operating out of