Cargolux takes stake in new Chinese carrier Henan Cargo Airlines

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Cargolux Airlines International
Cargolux Airlines International

Cargolux, HNCA, the Henan Airport Group and the Xinggang Investment Group Company have signed a “Joint Venture Equity Contract’ to establish an all-cargo carrier, which will operate under an Chinese AOC.

The name of the airline will be Henan Cargo Airlines with the first flight planned for sometime in the fourth quarter of 2018.

75 per cent of the shares will be held by HNCA, the Henan Airport Group and the Xinggang Investment Group Company, which represents the Zhengzhou Airport Economic Zone while Cargolux will hold the remaining 25 per cent.

Cargolux says the signing in Beijing, is a major landmark and step forward in the launching of a resident cargo airline operating out of Zhengzhou under a Chinese AOC.

The signing ceremony was attended by Luxembourg’s PM Xavier Bettel and The People’s Republic of China’s State Council Premier Li Keqiang in the Great Hall of the People at Tiananmen Square.