Cargolux China now Henan Cargo Airlines
Cargolux China was a project name until the official shareholder agreement was signed in June 2017. Nothing in regards to the project has changed except that an official name for the future airline has been published. Chinese regulations are very strict when it comes to the approval of names for an airline. Henan Cargo Airlines will be owned 75% by chinese shareholders, mainly HNCA located in the Henan province and 25% by Cargolux Airlines Int. S.A. As from the very beginning intended the operating base of Henan Cargo Airlines will be Zhengzhou and therefore all employee contracts will be chinese contracts without any association to the Luxembourgish social system. Start/End of Duty however will be Luxembourg on both schemes. 14 On/12 Off and 18 On/17 Off. A global health insurance and LOL will be provided by Henan Cargo Airlines.