Cargolux to focus on transpacific and intra-Asia routes

Speaking at Air Cargo China in Shanghai, Cargolux president and chief executive Dirk Reich, has stated that the cargo carrier will focus on transpacific and intra-Asia routes when it launches in late 2017. The schedule would include the first-ever Cargolux connection with Australia, at Melbourne. Cargolux China is a joint venture owned own 35% by Cargolux, with 65% controlled by Zhengzhou-based Henan Civil Aviation and Investment Co (HNCA), which also has a 35% stake in Cargolux. Cargolux China will receive $220m in initial funding, which includes $77m from Cargolux. Cargolux China will operate three 747 aircraft but has plans to