Cargolux’s planned China joint venture airline ‘Cargolux China’ is set to take to the skies in 2017 after the Cargolux Board of Directors approved an investment of US$ 77 million on Tuesday. The new all-cargo airline - which will focus on transpacific and intra-Asian routes with a planned fleet planned of five B747 freighters within the first three years of operation - will be based at Zhengzhou, Cargolux’s new hub in China. The investment represents a 35 per cent share in the new airline for … [Read more...] about Cargolux China gets clearance for take off with US$77m injection