HNA in talks with European Cargolux Airlines Int’l SA over acquisition
An unnamed official from HNA Group, the parent company of Hainan Airlines Co Ltd, says the group has had initial contacts with the European cargo airline Cargolux Airlines International SA regarding a possible acquisition.
Qatar Airways, Cargolux's second-largest shareholder, said earlier that it plans to sell its 35 percent stake, and the HNA Group showed its interest in buying the stake, 21st Century Business Herald reported on Nov 30. HNA declined to comment. Cargolux, based in Luxembourg, is one of Europe's largest scheduled all-cargo airlines and has a global network.
SOURCE: China Daily
Qatar Airways, Cargolux's second-largest shareholder, said earlier that it plans to sell its 35 percent stake, and the HNA Group showed its interest in buying the stake, 21st Century Business Herald reported on Nov 30. HNA declined to comment. Cargolux, based in Luxembourg, is one of Europe's largest scheduled all-cargo airlines and has a global network.
SOURCE: China Daily
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