Cargolux signs JV contract with Chinese partners to launch Henan Cargo Airlines
Cargolux Airlines International has formally signed the joint venture equity contract with Henan Civil Aviation Development and Investment (HNCA), the Henan Airport Group and the Xinggang Investment Group Company to establish Henan Cargo Airlines. The cargo airline will operate under the Chinese air operator certificate and the first revenue flight is scheduled for the fourth quarter of 2018.
Under the joint venture agreement, 75 percent of the shares in Henan Cargo Airlines will be held by HNCA, the Henan Airport Group and the Xinggang Investment Group Company, which represents the Zhengzhou Airport Economic Zone. Cargolux will hold the remaining 25 percent. The joint venture was signed in Beijing in the presence of Luxembourg’s Prime Minister Xavier Bettel and The People’s Republic of China’s State Council Premier Li Keqiang in the legendary Great Hall of the People at Tiananmen Square. Henan Cargo Airlines will operate out of Zhengzhou, a metropolis on the Yellow River, which is the capital of east-central China's Henan province.
Air Cargo ……..