Chinese group HNA, which owns Hainan Airlines and cargo carrier Yangtze River Express, is poised to bid for the 35% stake in Cargolux being sold by Qatar Airways, according to a report in a Chinese business newspaper.
Contacted by Lloyd’s Loading List.com, Cargolux declined to comment.
HNA made an unsuccessful attempt to become a shareholder in the Luxembourg-based cargo airline last year, losing out to Qatar.
At the end of November, the news broke that the Middle East airline intended to divest its Cargolux stake as a result of differences with other shareholders over strategy and the appointment of interim CEO Richard Forson on a permanent basis.
