Luxemburg-based Cargolux has finalized a shareholder agreement and approved a $77 million investment for a new cargo joint venture (JV), Cargolux China. The investment represents a 35% share in the new Zhengzhou-based carrier, which is expected to begin operations in 2017. Other shareholders include Henan Civil Aviation Development and Investment Co. (HNCA), holding 49%; Xin Gang Investment & Development of Zhengzhou Airport Comprehensive Economic Experimental Zone with an 8% stake; ...

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