The Luxembourg government has completed the sale of a 35 percent stake in all cargo carrier Cargolux to China’s Henan Civil Aviation Development and Investment for $120 million.
19 Dec 2013
The Luxembourg government has agreed to sell a 35 percent stake in Cargolux to Chinese investors for $120 million.
16 Dec 2013
The board of Cargolux has backed a cooperation deal with Henan Civil Aviation Development and Investment Co., clearing the way for the Luxembourg government to sell a 35 percent stake in Europe’s largest all-cargo airline to the Chinese investors.
17 Sep 2013
The government of Luxembourg is negotiating with Chinese investors over the sale of its stake in Cargolux, Europe’s largest all-cargo airline.
28 May 2013
Cargolux is resisting union demands that it repays $12.5 million of planned labor cost savings to employees if it returns to profit in 2014.
25 Apr 2013
Cargolux’s losses almost doubled in 2012 to $35.1 million from $18.3 million a year earlier, as Europe’s largest all-cargo airline struggled to cut costs amid depressed demand and continued overcapacity across the global air freight industry.