Luxembourg freight airline, Cargolux, Henan Airport Group and Xinggang Investment Group Company Ltd., today singed a joint venture equity contract for the establishment of Henan Cargo Airlines, which is scheduled to make its first flight towards the end of 2018. 

75% of the shares in this airline will be held by HNCA, the Henan Airport Group and the Xinggang Investment Group Company., Ltd, which represents the Zhengzhou Airport Economic Zone, and Cargolux will hold the remaining 25%.

The  signing of the contract in Beijing today, is a major landmark and step forward in the launching of  a resident cargo airline operating out of Zhenzhou under a Chinese AOC. 

The signing ceremony took place in the presence of Luxembourg’s Prime Minister Xavier Bettel and The People’s Republic of China’s State Council Premier Li Keqiang in the legendary Great Hall of the People at Tiananmen Square.