Chinese investors have been discussing their interest in a possible shareholding in Luxembourg-based freight operator Cargolux as part of a broader co-operation in the cargo sector.
Representatives of Henan province and the relatively new state-owned investment company HNCA, which is tasked with developing the local civil aviation industry and Zhengzhou airport, have conducted a formal visit to Luxembourg's freight facilities.
HNCA has expressed an interest in acquiring shares in Cargolux and is in "close discussions" on the matter, says Luxembourg's infrastructure ministry.
"Talks on the commercial aspects of a potential transaction are continuing," it says, adding that it intends to reach a final decision on a new Cargolux partner by the end of this year.
Qatar Airways had previously invested in a large Cargolux stake but withdrew in 2012 after only a year.
Henan province vice-governor Zhao Jiancai says the Chinese side is interested in developing, with Cargolux, a dual-hub approach as the centre of a "growth strategy to create new economic opportunities" for Luxembourg and Zhengzhou airports.
Cargolux operates a fleet of Boeing 747-400F and 747-8F freighters.