LUXEMBOURG: June 06, 2016. As the German federal state of Rhineland-Palatinate announces the sale of its 82.5 percent stake in Frankfurt Hahn airport to the Shanghai Yiqian Trading Company, Cargolux says its joint-venture partner Henan Civil Aviation Development and Investment Company (HNCA) had no interest in purchasing the airport.
According to German Interior minister Roger Lewentz, the "low double-digit million" [Euro] sale to the Chinese trading company should be completed by this year's Summer recess.
Last week Cargolux denied several media reports that named HNCA, its partner in developing an air hub at Zhengzhou, was interested in purchasing the German airport and added that “reports indicating anything to the contrary are therefore inaccurate”.
The airline has now issued a second statement saying: “HNCA would like to categorically state that there is no substance to the media reports circulated on this matter and would like to confirm that it has no interest in, or intention of making any such purchase.
“HNCA has an excellent relationship with Cargolux and both companies continue to work closely together to achieve the goal of developing Zhengzhou into a major cargo hub in China.”
Cargolux said that with that with the help of HNCA it had built a substantial presence in one of the world’s most important markets, and “both partners enjoy a fruitful and successful relationship of mutual trust and respect that has grown since the cooperation began”.
The airline said it carried 65,000 tons last year for Zhengzhou following the launch of the service in June 2014.
The denial by HNCA coincides with an announcement by Air France that it is negotiating to sell a 49.99 percent share in its catering company Servair to the not-to-be-confused Chinese HNA Group for €475 million. In 2012 HNA bought a 48 percent stake in French airline Aigle-Azur and last year acquired an 18 percent share in French tourism group Pierre et Vacances.