Cargolux stake up for grabs

Volga Dnepr, HNA possible suitors

35 per cent stake Air Cargo Germany AirBridgeCargo Cargolux Claude Wiseler HNA Group Qatar Airways Volga Dnepr Airlines Yangtze River Express

Russia’s Volga Dnepr Airlines and China’s HNA Group are among those likely to take the 35 per cent stake in Luxembourg-based cargo airline Cargolux that Qatar Airways recently gave up. News about Volga Dnepr’s interest in the airline started when Luxembourg’s transport minister Claude Wiseler met the airline’s president in Moscow. Volga Dnepr owns AirBridgeCargo and took a 49 per cent stake in Frankfurt Hahn-based carrier Air Cargo Germany this year.

Meanwhile, reports indicate that the HNA Group, owner of HNA Aviation and cargo airline Yangtze River Express has again bid for a stake in Cargolux.