Despite what it described as a difficult overall market situation, Cargolux Airlines International S.A. ended 2014 on a positive note. "While the industry continued to suffer from overcapacity and noticeable pressure on yields, Cargolux benefited from a very strong last quarter in 2014. Combined with a rapidly declining oil price, the airline achieved record levels of block hours and tonnages while enjoying a welcome increase in yields,” it said. This enabled Cargolux to complete the … [Read more...] about Cargolux posts upbeat 2014 results
HNCA
China’s HNCA, Luxembourg strike deal on Cargolux stake
Chinese investment group, Henan Civil Aviation Development and Investment Company (HNCA), the investment vehicle of the Chinese province of Henan, is reported to have been given the green light to purchase the 35 per cent shareholding up for sale in state-owned Cargolux. Xavier Bettel, the incoming prime minister of Luxembourg, informed parliament of the decision in a speech on 29 November, according to media reports. Bettel also told parliament that HNCA had committed to … [Read more...] about China’s HNCA, Luxembourg strike deal on Cargolux stake
China's HNCA, Luxembourg strike deal on Cargolux stake
Chinese investment group, Henan Civil Aviation Development and Investment Company (HNCA), the investment vehicle of the Chinese province of Henan, is reported to have been given the green light to purchase the 35 per cent shareholding up for sale in state-owned Cargolux. Xavier Bettel, the incoming prime minister of Luxembourg, informed parliament of the decision in a speech on 29 November, according to media reports. Bettel also told parliament that HNCA had committed to … [Read more...] about China's HNCA, Luxembourg strike deal on Cargolux stake
