Cargolux (CV, Luxembourg) has approved a cooperation deal with Henan Civil Aviation Development and Investment (HNCA), paving the way for the Luxembourg government to sell its 35% stake in the group for USD231million. Reuters newswire says Luxembourg is now expected to publicly announce the sale of its stake to the Chinese investors. Cargolux's other shareholders include Luxair (LG, Luxembourg) (43.4%) and state-owned Luxembourg banks BCEE (10.9%) and SNCI (10.7%).