cargolux China Pilot Recruitment | FlightDeckFriend.com

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Cargolux’s Board of Directors has approved a $77 million investment for “Cargolux China”, a new Chinese air cargo joint venture based in Zhengzhou, Cargolux’s new hub in China.

The investment represents a 35% share in the new airline for Cargolux. The other joint venture shareholders are Henan Civil Aviation Development and Investment Co. (HNCA), which will own 49%, Xin Gang Investment & Development Co., Ltd of Zhengzhou Airport Comprehensive Economic Experimental Zone with 8% and Henan Airport Group Co., Ltd, which holds the remaining 8%.

HNCA, which is also a 35% shareholder of Cargolux, is a state-owned enterprise that focuses on developing the civil aviation industry, building the Zhengzhou Airport Economic Zone, promoting the transformation and modernization of the Central China Economic Zone by actively participating in the construction of aviation infrastructure and the development of related industries.

Xin Gang Investment & Development Co., Ltd was founded in Zhengzhou in 2012 as a private enterprise engaged in construction projects and is responsible for the development of the airport economic zone.

The 415 km². (160 square miles) Zhengzhou Airport Economic Zone at Zhengzhou International Airport ranks among the largest economic zones in central China with remarkable growth in industrial investment, economic output and trade volumes .

Henan Airport Group is the operator of Zhengzhou Xinzheng International Airport, the fastest growing cargo airport in China and designated as one of the eight domestic Tier 1 airports in China.

The airport’s master plan until 2040 foresees five runways, one of which will be dedicated to cargo flights, four passenger terminals and expanded cargo. Cargo capacity is expected to reach over three million tons per year, while passenger capacity will increase to 70 million per year.

Cargolux China will be based in Zhengzhou and is expected to start operations in 2017, focusing on trans-Pacific and intra-Asian routes.

Its fleet is expected to grow to five 747 freighters in the first three years of operation. ‘Cargolux China’ is the youngest addition to the Cargolux group which currently operates 26,747 cargo ships, including 4 operating for Cargolux Italia. With the Chinese joint venture, the Cargolux family will expand its fleet to 30 aircraft by 2017.