The Cargolux Group has ended the financial year (and 45th anniversary year) defying an environment of low yields, continued overcapacity and declining volumes, with record levels of tonnage, block hours and crucially, a net profit after tax of US$49 million. The company outperformed not only the market, but also its direct competitors in Europe who, in a number of cases, retired freighters or reduced their air cargo activities. “It is a sign of our company’s strength that, despite the energy … [Read more...] about Dual hub strategy pays off for Cargolux
Cargolux China
Cargolux appoints Janet Jiang new regional manager China
Cargolux Airlines International S.A. has appointed Janet Jiang as its new Regional Manager China effective from January 2016. Janet-Jiang Janet Jiang joined Cargolux in Shanghai in 2000 as sales and reservations officer and advanced to sales manager in 2004. In May 2008, she was appointed district manager Shanghai and took over the position of regional manager central and eastern China in December 2014. Her focus was initially exclusively on Cargolux’s activities and the airline’s … [Read more...] about Cargolux appoints Janet Jiang new regional manager China
Cargolux China gets clearance for take off with US$77m injection
Cargolux’s planned China joint venture airline ‘Cargolux China’ is set to take to the skies in 2017 after the Cargolux Board of Directors approved an investment of US$ 77 million on Tuesday. The new all-cargo airline - which will focus on transpacific and intra-Asian routes with a planned fleet planned of five B747 freighters within the first three years of operation - will be based at Zhengzhou, Cargolux’s new hub in China. The investment represents a 35 per cent share in the new airline for … [Read more...] about Cargolux China gets clearance for take off with US$77m injection
13th B747-8F for Cargolux as it reveals ‘Cargolux China’ plans
Cargolux has revealed plans to launch a joint venture airline in China to be based in Zhengzhou, focusing primarily on the transpacific along with the intra-Asia trade lane in an 80-20 focus, using an initial three B747 freighters, later expanding to five within three years. Cargolux president and chief executive Dirk Reich, speaking in Luxembourg at the welcoming ceremony for the European cargo airline's 13th of 14 B747-8Fs it has on order, said the new carrier, tentatively called 'Cargolux … [Read more...] about 13th B747-8F for Cargolux as it reveals ‘Cargolux China’ plans
13th B747-8F for Cargolux as it reveals 'Cargolux China' plans
Cargolux has revealed plans to launch a joint venture airline in China to be based in Zhengzhou, focusing primarily on the transpacific along with the intra-Asia trade lane in an 80-20 focus, using an initial three B747 freighters, later expanding to five within three years. Cargolux president and chief executive Dirk Reich, speaking in Luxembourg at the welcoming ceremony for the European cargo airline's 13th of 14 B747-8Fs it has on order, said the new carrier, tentatively called 'Cargolux … [Read more...] about 13th B747-8F for Cargolux as it reveals 'Cargolux China' plans
