Luxair (LG, Luxembourg) will cede an 8.41% stake in Cargolux (CV, Luxembourg) to Luxembourg's Government ahead of a planned participation in the cargo carrier's latest cash call. L'Essential reports that Luxair Group's board approved the plans which will see it reduce its shareholding to 35.01%. The Government currently holds a 43.42% share in Cargolux and plans to sell a 35% stake to Henan Civil Aviation Development & Investment (HNCA).