Cargolux Airlines International, the Henan Civil Aviation Development and Investment Company, Henan Airport Group and Xinggang Investment Group are the names behind a new freighter airline.
A joint venture equity contract was signed on June 12 between all parties for the establishment of Henan Cargo Airlines.
HNCA, Henan Airport Group and Xinggang Investment will together hold 75% of the airline's shares, with Cargolux taking the remaining 25%. The carrier is to be based in Zhengzhou and will operate under a Chinese air operator certificate. Cargolux has said the joint venture airline would focus on trans-Pacific and intra-Asia traffic, utilising a fleet of 747-400F aircraft.
Roll out is planned for the last quarter of 2018.
