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Cargolux to set up China base

[ January 19, 2016   //   ]

The Cargolux board has approved an investment of US$77 million in ‘Cargolux China’, a new joint venture Chinese cargo airline based at Zhengzhou, the Luxembourg-based carrier’s new hub in China. The new venture is expected to start operations in 2017, focusing on transpacific and intra-Asian routes with a fleet is planned to grow to five 747 freighters within the first three years of operation.

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