Forced to abandon Astana in Kazakhstan last June following a spat with Russian air authorities that threatened to develop into a full-blown diplomatic row, the German cargo carrier has now begun landing in Siberia’s Krasnoyarsk instead, for technical stops en route between Europe and Northeast Asia. Heiner Siegmund reports fromSiberia. “The MD-11F is a very good airliner,†stated Lufthansa’s CEO Wolfgang Mayrhuber at a recent press event in Leipzig/Halle. In … [Read more...] about Lufthansa Cargo warms up to Siberia
Wolfgang Mayrhuber
Defying the logic of the times
Logic would surely dictate that when you are in the middle of an unprecedented industry downturn, it’s not a particularly good idea to start up a new airline and pump more capacity into the very market you are pulling back from. But that is exactly what took place in an expansive new hangar in a historic German city one sunny Friday inJune. Donald Urquhart has the story from Leipzig. In a bold but largely unavoidable move, a new cargo airline has taken flight in what is arguably … [Read more...] about Defying the logic of the times
Lufthansa Cargo likely to posts ’09 loss: CEO
Lufthansa's chief executive said he now foresees a full-year operating loss for the company's cargo business as the global economic crisis continues to depress the air freight market. In 2008 the cargo division posted a €164 million operating profit in 2008, equal to 12 per cent of the group total. "It is apparent that the (cargo) market will remain at this extremely low level," Lufthansa CEO Wolfgang Mayrhuber said at the company's annual shareholders' meeting. Lufthansa Cargo's volumes … [Read more...] about Lufthansa Cargo likely to posts ’09 loss: CEO
Lufthansa Cargo likely to posts '09 loss: CEO
Lufthansa's chief executive said he now foresees a full-year operating loss for the company's cargo business as the global economic crisis continues to depress the air freight market. In 2008 the cargo division posted a €164 million operating profit in 2008, equal to 12 per cent of the group total. "It is apparent that the (cargo) market will remain at this extremely low level," Lufthansa CEO Wolfgang Mayrhuber said at the company's annual shareholders' meeting. Lufthansa Cargo's volumes … [Read more...] about Lufthansa Cargo likely to posts '09 loss: CEO
