English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

HNCA denies interest in Hahn Airport

Zhengzhou ChicagoLUXEMBOURG: June 06, 2016. As the German federal state of  Rhineland-Palatinate announces the sale of its 82.5 percent stake in Frankfurt Hahn airport to the Shanghai Yiqian Trading Company, Cargolux says its joint-venture partner Henan Civil Aviation Development and Investment Company (HNCA) had no interest in purchasing the airport.

According to German Interior minister Roger Lewentz, the "low double-digit million" [Euro] sale to the Chinese trading company should be completed by this year's Summer recess.

Last week Cargolux denied several media reports that named HNCA, its partner in developing an air hub at Zhengzhou, was interested in purchasing the German airport and added that “reports indicating anything to the contrary are therefore inaccurate”.

The airline has now issued a second statement saying: “HNCA would like to categorically state that there is no substance to the media reports circulated on this matter and would like to confirm that it has no interest in, or intention of making any such purchase.

“HNCA has an excellent relationship with Cargolux and both companies continue to work closely together to achieve the goal of developing Zhengzhou into a major cargo hub in China.”

Cargolux said that with that with the help of HNCA it had built a substantial presence in one of the world’s most important markets, and “both partners enjoy a fruitful and successful relationship of mutual trust and respect that has grown since the cooperation began”.

The airline said it carried 65,000 tons last year for Zhengzhou following the launch of the service in June 2014.

The denial by HNCA coincides with an announcement by Air France that it is negotiating to sell a 49.99 percent share in its catering company Servair to the not-to-be-confused Chinese HNA Group for €475 million. In 2012 HNA bought a 48 percent stake in French airline Aigle-Azur and last year acquired an 18 percent share in French tourism group Pierre et Vacances.

More News

Written on 22/08/2017, 21:25
ocean-carriers-invest-in-new-york-exchangeNEW YORK, NY: August 21, 2017. Hapag-Lloyd and CMA-CGM has joined with GE Ventures and Goldman Sachs to invest US$13 million in the New York Shipping...
Written on 22/08/2017, 20:19
huge-revenue-increase-for-turkish-cargoISTANBUL: August 22, 2017. Turkish Airlines has reported cargo revenue of US$580 million for the first six months of 2017 (H1) – a rise of 25 percent...
Written on 22/08/2017, 19:15
freightweek-news-update-week-34HELSINKI: August 23, 2017. Solar power is helping Finnair keep salmon and pharmaceuticals cool at its new Nordic Cargo Hub. Read...
Written on 22/08/2017, 16:07
hawaii-shippers-to-have-third-liner-serviceHonolulu, HI: August 21, 2017. Tote Maritime, part of the Alaska-based Saltchuck logistics group, is to launch a new ocean service to Hawaii from the U.S....
Written on 18/08/2017, 20:38
cyber-attack-to-hit-a-p-moller-maersk-third-quarterCOPENHAGEN: August 16, 2017. A.P. Moller-Maersk says the 'Not Petya' cyber attack that hit Maersk Line, APM Terminals and Damco at the end of June is...
Written on 18/08/2017, 15:55
new-amazon-fulfillment-center-at-sacramento-air-parkSACRAMENTO, CA: August 17, 2017. Amazon is putting the finishing touches to an 855,000 square feet, four-story fulfillment center at Sacramento...
Written on 17/08/2017, 21:45
nippon-express-signs-kazakhstan-mouASTANA, Kazakhstan: August 16, 2017. Nippon Express has signed an MoU with Kazakhstan's railway company Kazakhstan Temir Zholy (KTZ) to develop container...
Written on 16/08/2017, 22:16
descartes-acquires-macropoint-and-new-shareholderWATERLOO, ON: August 16, 2017. Descartes Systems Group is to acquire Cleveland, OH-based transport visibility network MacroPoint for US$107...
Written on 16/08/2017, 21:45
jebel-ali-ftz-gains-us-80-billionDUBAI: August 14, 2017. Jebel Ali Free Zone (Jafza) increased the value of its non-oil foreign trade by US$80.2 billion in 2016 with volumes rising 17...
Written on 16/08/2017, 20:46
wincanton-to-operate-from-dp-world-london-gatewayLONDON: August 16, 2017. Wincanton, one Britain's largest logistics companies, is to establish a truck base at DP World London Gateway's logistics park...
Written on 16/08/2017, 20:03
freightweek-news-update-week-33FRANKFURT: August 18, 2017. Jettainer is now offering short-notice, short-term leases on its range of horse boxes. Read more: horsebox.pdf HAMBURG:...
Written on 15/08/2017, 23:01
swiss-worldcargo-reorganizes-the-americasZURICH: August 15, 2017. The air cargo division of SWISS is to reduce its American organization from three to two regions effective October 01 covering...
Written on 10/08/2017, 14:58
zeaborn-now-owns-six-rickmers-line-shipsBREMEN/HAMBURG: August 07, 2017. The Zeaborn Group has acquired five 30,000dwt 'Superflex Heavy Lift' vessels from Rickmers Holding. The purchase price...
Written on 09/08/2017, 21:06
qatar-lifts-visa-requirement-for-latam-marketDOHA: August 09, 2017. Qatar Airways has introduced visa-free entry for citizens from 80 countries with those from the EU, Switzerland and Turkey allowed...
Written on 09/08/2017, 16:48
freightweek-news-update-week-32LONDON, Heathrow: August 12, 2017. To celebrate World Elephant Day and help stop illegal trade of wildlife, Heathrow has installed a pop-up interactive...
Written on 08/08/2017, 21:57
another-record-ebit-for-deutsche-post-dhlBONN: August 08, 2017. Deutsche Post DHL (DPDHL) has reported a 4.7 percent increase in net profit to €1.18 billion on a 5.8 percent rise in revenue to...
Written on 07/08/2017, 21:23
amazon-operator-atsg-to-add-a321-freighter-conversionsBEAVERTON, OR/WILMINGTON, OH: August 07, 2017. Conversion specialist Precision Aircraft Solutions (PAS) and Air Transport Services Group (ATSG) have...
Written on 03/08/2017, 20:14
cargo-still-challenging-despite-turnaround-says-lufthansaFRANKFURT: August 03, 2017. The Lufthansa Group has reported a 99 percent rise in pre-tax profit to €1.03 billion on a 12.7 percent increase in revenue to...
Written on 02/08/2017, 20:19
hong-kong-air-cargo-leases-atlasPURCHASE, NY: August 02, 2017. Atlas Air Worldwide Holdings (AAWH) has leased three B747-400 freighters under an ACMI contract beginning in September 2017...
Written on 02/08/2017, 19:27
dunkerque-to-power-brittany-ferriesDUNKERQUE: August 01, 2017. A month after signing an agreement to develop an LNG station to supply tank trucks, Dunkerque LNG and Total Marine Fuels...

- powered by Quickchilli.com -