Cargolux’s deal with Chinese investor approved

14 / 12 / 2013

  • Luxembourg government has sold its 35 per cent stake in Cargolux

    Luxembourg government has sold its 35 per cent stake in Cargolux

AN agreement between Chinese company Henan Civil Aviation and Investment (HNCA) and Cargolux’s board of directors has been approved.

The move follows the Luxembourg government’s decision to sell a 35 per cent stake to HNCA – subject to 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,” enthuses Paul Helminger, chairman of the board of Cargolux.