Luxair reportedly intends to sell an 8.41% stake in Cargolux to Luxembourg's Government (The Loadstar/Cargo Forwarder, 05-Dec-2013). The Government currently holds a 43.42% share in Cargolux and reportedly plans to sell a 35% stake to Henan Civil Aviation Development and Investment (HNCA).
Luxembourg to acquire 8.41% share in Cargolux from Luxair
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HNA's Avolon group to acquire CIT Commercial Air, creating world’s third largest aircraft lessor
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Avolon itself was only recently acquired by HNA Group, with the USD2.7 billion purchase agreement being finalised in Jan-2016, via Bohai Capital Holdings.
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As 2016 draws to a close, CAPA - Centre for Aviation reviews the past year for aviation in the Australia Pacific region and what lies ahead for 2017.
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China has asserted its relevance in world aviation recently and over the past couple of years its airlines have rapidly expanded into the two south Pacific countries. With 2017 declared the ‘China Australia Year of Tourism’ by China’s tourism bureau, continued substantial activity can be expected in that market.
Qantas' 787 Perth-London service plans have made clear the role of the long haul medium size equipment, but aside from the innovative elements, retaining a cost focus and keeping the basics under control will be key to the future.