Cargolux finalizes China joint venture, eyes transpacific services

Credit: Rob Finlayson
Luxemburg-based Cargolux has finalized a shareholder agreement and approved a $77 million investment for a new cargo joint venture (JV), Cargolux China . The investment represents a 35% share in the new Zhengzhou-based carrier, which is expected to begin operations in 2017. Other shareholders...

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