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Challenge Group Signs MoU with China Henan Aviation

Our Bureau - : Jun 27, 2024 - : 8:52 pm

Challenge Group and China Henan Aviation, the holding company of Zhengzhou Xinzheng International Airport (IATA: CGO), have signed a Memorandum of Understanding (MoU) at the Air Cargo China trade show.

The MoU, signed on 25th June by Yossi Shoukroun, CEO of Challenge Group, and Liu Jianming, Vice President of China Henan Aviation Co. Ltd., took place in the presence of Sun Shougang, Executive Vice Governor of Henan Province, and Offer Gilboa, Founder of Challenge Group.

This agreement is aimed at expanding Challenge Group’s operations in China. It will involve increasing flight frequency, enhancing road feeder services (RFS), and boosting capacity for e-commerce and other commodities. Currently operating five flights per week, Challenge Group plans to increase this number, enhancing CGO Airport’s role as a multimodal hub for accessing the Chinese market.

The CGO dual hub is equipped with advanced automation tools and line maintenance capabilities, supported by a team of highly trained staff. It serves as a critical point for distributing goods in and out of China via road and rail links.

“We are very pleased with this agreement, which aligns with Challenge Group’s expansion plan and corporate values,” said Yossi Shoukroun, CEO of Challenge Group. “This partnership supports our business model based on strategic collaborations and strengthens our position in the global logistics industry.”

This MoU follows the recent merger of CGO Airport with Henan Civil Aviation Development and Investment Co., Ltd. (HNCA), adding to the strategic importance of the agreement.


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