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Cargolux enters agreement with Chinese investor
Economics

Cargolux enters agreement with Chinese investor

13.12.2013 From our online archive
Cargolux's board of directors on Friday approved entering into a commercial cooperation agreement with Chinese investor Henan Civil Aviation (HNCA).

(MSS) Cargolux's board of directors on Friday approved entering into a commercial cooperation agreement with Chinese investor Henan Civil Aviation (HNCA).

The Luxembourg state recently decided to sell its 35 percent stake to the HNCA, which is pending formal approval by the relevant Chinese authorities.

“This transaction will enable Cargolux to be well positioned to profit from the trade movements generated by one of the world’s most dynamic and fastest developing economies and a province with an accelerating domestic appetite for goods transported by air”, stated Cargolux CEO Paul Helminger.