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

HNCA denies interest in Hahn Airport

Zhengzhou ChicagoLUXEMBOURG: 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.

More News

Written on 28/03/2017, 19:24
ups-adds-more-destinations-to-china-europe-rail-serviceATLANTA: March 28, 2017. As ocean capacity gets tight between Asia and Europe, UPS has announced the addition of six destinations to its full and...
Written on 27/03/2017, 19:52
dsv-tests-abattoir-biofuelMALMO, Sweden: March 27, 2017. DSV Sweden is testing a Mercedes-Benz hybrid truck that runs on both electricity and a new HVO 100 biofuel - made from...
Written on 27/03/2017, 19:23
aar-wins-usaf-logistics-contractWOOD DALE, IL: March 27, 2017. – Global aftermarket supplier AAR has won a US$909.4 million contract to manage the repair, maintenance and logistics of...
Written on 24/03/2017, 21:15
hapag-lloyd-hit-by-low-freight-ratesHAMBURG: March 24, 2017. Hapag-Lloyd reported a net loss of €93.1 million in 2016 on revenue that fell 12.5 percent from the previous year to reach €7.73...
Written on 23/03/2017, 19:40
new-grow-box-technology-from-maerskTINGLEV, Denmark: March 23, 2017. Maersk Container Industry (MCI) has launched Star Cool CA+, an extension of its controlled atmosphere (CA) technology,...
Written on 23/03/2017, 17:04
emirates-responds-to-u-s-laptop-banDUBAI: March 23, 2017. Emirates Airline has responded swiftly to the U.S. ban on laptops and tablets via its passenger flights from Dubai with a free...
Written on 22/03/2017, 20:44
flying-eye-hospital-arrives-in-dohaDOHA: March 22, 2017. Qatar Airways has welcomed the arrival of the Orbis Flying Eye Hospital from the UK where the non-profit organization had earlier...
Written on 21/03/2017, 21:12
fedex-to-launch-round-the-world-from-liegeMEMPHIS, TN: March 21, 2017. Next month FedEx is to begin a B777 freighter flight from Liège, Belgium to Memphis as part of a round-the-world service...
Written on 16/03/2017, 20:20
k-n-acquires-two-pharma-logistics-companiesSCHINDELLEGI, Switzerland: March 16, 2017. Kuehne + Nagel is to acquire two specialist logistics companies in Turkey and Italy to expand its good...
Written on 15/03/2017, 17:52
panalpina-expands-circular-economy-centerDUBAI: March 15, 2017. Panalpina has officially opened its 40,000 square meter logistics manufacturing center in Dubai Logistics City, part of the bonded...
Written on 15/03/2017, 17:12
coyote-logistics-opens-in-guadalajara-mexicoCHICAGO: March 14, 2017. UPS 3PL subsidiary Coyote Logistics has opened a new office in metropolitan Guadalajara, Mexico to develop transborder truckload,...
Written on 15/03/2017, 15:20
auto-traffic-switches-from-road-to-railKIRCHHEIM/TECK, Germany: March 15, 2017. After a five-year hiatus, automobile logistics specialist Mosolf Group is re-introducing a weekly rail link...
Written on 14/03/2017, 19:47
unisys-offers-pay-for-use-air-cargo-managementLONDON: March 14, 2017. Unisys has launched 'Digistics' - described by the company as an "integrated cargo logistics solution" for carriers to streamline...
Written on 14/03/2017, 17:03
mercator-introduces-ice-in-abu-dhabiABU DHABI: March 14, 2017. IT solutions provider Mercator, majority-owned by Warburg Pincus Investments, has launched what it says is the air cargo...
Written on 14/03/2017, 15:59
unilode-wins-saudi-arabian-airlines-contractABU DHABI: March 14, 2017. Unilode, the ULD management company formerly known as CHEP, has won a major outsource contract from Saudia and Saudia Cargo to...
Written on 13/03/2017, 15:37
2016-revenue-increase-for-turkish-cargoISTANBUL: March 13, 2017. Turkish Airlines has reported a six percent rise in air cargo revenue in 2016 to US$996 million. Some US$600 million was...
Written on 10/03/2017, 21:49
nec-to-develop-visibility-platform-for-pandemic-responseTOKYO: March 09, 2017. The U.N. World Food Programme (WFP) and NEC Corporation are to develop the first supply chain visibility platform for pandemic...
Written on 10/03/2017, 20:21
airbus-helps-south-sudan-refugeesTOULOUSE: March 09, 2017. The Airbus Foundation has used an A330 test aircraft to carry 17 tonnes of aid equipment from the UK to Uganda for refugees...
Written on 09/03/2017, 22:32
the-alliance-sets-up-post-hanjin-insurance-planHAMBURG: March 09, 2017. On April 01 'THE Alliance' of Hapag- Lloyd, 'K'Line, MOL, NYK and Yang Ming, will launch 32 liner services to 75 major ports on...
Written on 09/03/2017, 16:35
another-quarter-decline-in-airline-profitsGENEVA: March 09, 2017: IATA says a drop in profits for its member airlines that began in Q3 2016 continued into the last quarter, despite margins...

- powered by Quickchilli.com -