English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Cargolux confirms China cargo carrier

LUXEMBOURG: January 20, 2016. Following this month’s visit to Beijing by two Luxembourg government officials, Cargolux is to invest US$77 million for a 35 percent share in ‘Cargolux China’, a new airline based at its hub in Zhengzhou, China.

Other shareholders in the joint venture are the Henan Civil Aviation Development and Investment Company (HNCA), which will hold 49 percent; the Xin Gang Investment & Development Company, Zhengzhou Airport Comprehensive Economic Experimental Zone, with 8.0 percent; and the Henan Airport Group Company with the remaining 8.0 percent.

Cargolux HorsesHNCA, which also owns 35 percent of Cargolux, is a state-owned enterprise supporting the development of the Zhengzhou Airport Economy Zone and promoting the transformation of Central China’s Economic Zone.

The Xin Gang Investment & Development Company is a private construction company founded in Zhengzhou in 2012 and is responsible for the development of the 415 sq.km. Zhengzhou airport economic zone.

The Henan Airport Group is the operator of Zhengzhou Xinzheng International Airport, and one of the country’s eight national Category 1 airports. By 2040 the airport says it will have five runways and capacity to handle three million tons annually.

Cargolux said its new joint venture airline would begin operations next year focusing on transpacific and intra-Asian routes and have five 747 freighters within the first three years of operation. The airline group, which includes ‘Cargolux Italia’ with four 747s, expects to operate 30 aircraft by 2017.

Luxembourg airport has reported a 4.2 percent increase in cargo throughput in 2015 to over 738,000 tons. The airport said the highest growth was in October and November (+9.0 percent), August (+8.0 percent) and July (+7.0 percent).

Cargolux, which is the largest cargo operator at Luxembourg, last year added daily flights to Zhengzhou, Chennai, India (with Oman Air) and Turkmenbashi, Turkmenistan.

Panalpina was the second largest cargo operator in 2015 followed by former Cargolux shareholder Qatar Airways in third place after it increased flights from three to five a week.

The airport said China Airlines and Silk Way West Airlines made up the top five cargo airlines last year and noted some unusual shipments in 2015 including 2,120 horses (up 34 percent), 73,821 day-old chicks (+89 percent), 1,589 dogs (+150 percent), 643 Alpacas (+315 percent), 86 hamsters, two donkeys and one hyena.

More News

Written on 22/09/2017, 21:44
dhl-begins-annual-volunteer-seasonBONN: September 20, 2017. Deutsche Post DHL has begun its seventh annual global 'Volunteer Day' program that ends on October 01 to encourage its more than...
Written on 21/09/2017, 18:41
freightweek-news-update-week-38LE HAVRE: September 22, 2017. Bolloré Logistics has opened a second multimodal hub at the Pont de Normandie to manage logistics flows throughout France's...
Written on 21/09/2017, 18:20
1-77-trillion-added-value-in-iot-logistics-by-2025BONN/SHANGHAI: September 20, 2017. DHL Supply Chain has introduced a trial Narrowband Internet of Things (NB-IoT) application to improve yard management...
Written on 21/09/2017, 18:10
first-efl-charter-to-columbus-from-colomboCOLOMBO, Sri Lanka: September 20, 2017. Fashion forwarder Expo Freight has shipped 100 tonnes of garments for Ohio-based retailer L Brands on a Qatar...
Written on 21/09/2017, 18:08
geodis-delivers-massive-power-projectDEL SUR, Bolivia: September 20, 2017. Geodis is in the process of delivering 14 industrial gas turbines, 11 steam turbines and additional Siemens...
Written on 21/09/2017, 17:59
new-silk-way-rail-linkHONG KONG: September 20, 2017. Tigers, a supply chain management company, has launched 'Tiger Rail' with a 16-day transit time to and from Duisburg,...
Written on 16/09/2017, 03:41
cma-cgm-reports-us-472-million-q2-ebitMARSEILLE: September 15, 2017. CMA CGM has reported a 56.8 percent increase in second quarter 2017 revenue to US$5.55 billion and a net income of US$219...
Written on 14/09/2017, 19:01
brucargo-plans-multimodal-cloud-with-nxtportANTWERP/BRUSSELS: September 14, 2017. Data platform NxtPort and Air Cargo Belgium's BRUcargo cloud-based community have signed an MoU to develop a digital...
Written on 13/09/2017, 22:03
kuehne-nagel-launches-lithium-battery-logisticsSCHINDELLEGI, Switzerland: September 13, 2017. Kuehne + Nagel has launched 'KN Battery Chain' – a supply chain solution for shipping large lithium...
Written on 13/09/2017, 16:36
cargo-re-starts-at-miaMIAMI: September 13, 2017. Miami International Airport expects a return to normal flight operations by the weekend of September 16/17 following Hurricane...
Written on 12/09/2017, 21:07
wisetech-acquires-air-and-ocean-rate-managementSYDNEY: September 12, 2017. Logistics software group WiseTech Global has acquired two rate management companies: Netherlands-based Cargoguide covering the...
Written on 12/09/2017, 20:05
40-million-investment-for-dunkerqueDUNKERQUE: September 12, 2017. The Dunkerque Multibulk Terminal (DMT) is investing €40 million over the next two years to produce construction materials...
Written on 12/09/2017, 19:13
rickmers-group-thrown-a-lifebeltHAMBURG: September 11, 2017. The Zeaborn Group and Hamburg shipowner Bertram Rickmers are to acquire the Rickmers Group's global ship management business,...
Written on 11/09/2017, 20:50
freightweek-news-update-week-37FELIXSTOWE, UK: September 15, 2017. Construction company VolkerFitzpatrick has won a contract at the Port of Felixstowe to design and construct 13...
Written on 11/09/2017, 15:16
danes-sell-belgium-terminal-to-chinaTHE HAGUE: September 11, 2017. APM Terminals, part of the A.P. Moller - Maersk Group, is to sell its 76 percent ownership of Belgium's second largest...
Written on 08/09/2017, 18:42
hna-to-spend-another-us-1-billion-on-logisticsSINGAPORE: September 07, 2017. HNA Belt and Road Investments Singapore, a subsidiary of HNA Holding Group (HK Group), has made an unsolicited offer of...
Written on 07/09/2017, 21:21
american-cancels-flights-ahead-of-irmaDALLAS/FORT WORTH: September 07, 2017. American Airlines (AA) has canceled 2,405 flights between today and September 11 as a result of Hurricane Irma, due...
Written on 07/09/2017, 19:39
china-merchants-acquires-brazil-container-terminalXIAMEN, China: September 04, 2017. China Merchants Port Holdings (CMPort), owned by China's state-owned Assets Supervision and Administration Commission...
Written on 06/09/2017, 14:08
freightweek-news-update-week-36NEW JERSEY, September 07, 2017. The 14,400 TEU capacity CMA CGM Theodore Roosevelt has became the largest container ship to pass under the raised Bayonne...
Written on 05/09/2017, 21:10
dhl-trials-delivery-to-customer-carsBONN, September 05, 2017. DHL Parcel and Volkswagen (VW) are testing a pilot project to deliver and collect parcels from the trunks of customers'...

- powered by Quickchilli.com -