In a surprise move, Cargolux CEO Dirk Reich has stepped down citing personal reasons, two years after his appointment at the all cargo carrier. According to the Luxemburger Wort newspaper the news emerged Wednesday evening that Reich would leave with immediate effect, after "losing support”, the newspaper said without elaborating. The decision is yet to be officially announced and still remains to be approved by the board, the report quoted Infrastructure Minister François Bausch as … [Read more...] about Cargolux CEO Dirk Reich bows out
Dirk Reich
Cargolux hits 100,000 tonnes milestone on LUX-CGO
Barely two years after commencing flights between its Luxembourg and Zhengzhou hubs, Cargolux Airlines International announced that cargo volume on this route has surpassed 100,000 tonnes, just eight months after the carrier announced hitting the 50,000-tonne mark last October. Cargolux president and CEO, Dirk Reich, highlighted Cargolux China’s plans for its network noting the success of Cargolux’s relationship with its Chinese partner, Henan Civil Aviation and Investment Co. (HNCA). “We … [Read more...] about Cargolux hits 100,000 tonnes milestone on LUX-CGO
Dual hub strategy pays off for Cargolux
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
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
Cargolux launches Zhengzhou-Chicago
Cargolux Airlines has begun a twice-weekly Trans-Pacific service between the two cities in April, operated by the airlines 747-8 freighters. At the Air Cargo Europe event in Munich, Cargolux announced that loads on the first couple of flights have been better than anticipated. “This new Trans-Pacific service from Zhengzhou is a milestone in the development of our Chinese operations and the cooperation with our partner HNCA,” says Dirk Reich, Cargolux president and CEO. “We … [Read more...] about Cargolux launches Zhengzhou-Chicago