Latest news from Heavy Lift & Project Forwarding International Magazine

Cargolux confirms Chinese investment

December 13 - The Board of Directors of Cargolux Airlines International has approved entering into a Commercial Cooperation Agreement with Henan Civil Aviation and Investment Co Ltd (HNCA).

The airline says that this resolution paves the way for a close and mutually beneficial partnership between Cargolux and the airline's future Chinese investor following the recent decision by the State of Luxembourg to sell its 35 percent stake to HNCA pending formal 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', stated Paul Helminger, chairman of the board of directors of Cargolux.

According to reports earlier this week  in the Chinese media, the total value of the transaction is USD231 million.

The 35 percent stake, which is currently held by the Luxembourg government, was sold by Qatar Airways Co in December 2012, which bought the stake from the government in 2011.

The reports indicate that Zhengzhou Xinzheng International Airport will become Cargolux's second hub globally after the transaction is completed, and the freight carrier will open new routes from Luxembourg to Zhengzhou, the capital of Henan province, with four flights weekly.

www.cargolux.com

Heavy Lift | News

CLA adopts CHAMP solution thumbnail image

CLA adopts CHAMP solution

May 29 - CargoLogicAir (CLA) has implemented CHAMP’s weight and balance solution for advanced load planning.
Views: 483
Flinders prepares for Konecranes delivery thumbnail image

Flinders prepares for Konecranes delivery

May 29 - Flinders Port Holdings will take delivery of a Konecranes Gottwald Model 6 mobile harbour crane at its facilities in Port Adelaide, Australia during August.
Views: 534
BigRoll Beaufort moves for Virginia wind farm thumbnail image

BigRoll Beaufort moves for Virginia wind farm

May 29 - Roll Group has transported wind energy components using its vessel BigRoll Beaufort to assist in the construction of a wind farm 27 miles (43 km) off the coast of Virginia, USA.
Views: 775
Urgent action needed on keyworker designation thumbnail image

Urgent action needed on keyworker designation

May 29 - The heads of the maritime, labour and aviation organisations of the United Nations have issued a plea for urgent action on crew changes and for keyworker designation.
Views: 455

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.