Cargolux bucked the downward trend in Europe’s air cargo market, boosting traffic by 7.4 percent in 2015 and unveiling plans to increase its freighter fleet.
20 Jan 2016
Cargolux is to invest $77 million in Cargolux China, a new joint venture carrier, scheduled to start operations in 2017.
17 Dec 2015
Cargolux has agreed to a new labor contract with its pilots, removing the threat of a strike at Europe’s largest all-cargo airline.
16 Dec 2015
A European Union court today overturned 790 million euros ($861 million) in fines against 11 airlines, including Air France-KLM and British Airways, for participating in a global cartel that fixed air freight rates.
05 May 2015
Freighter operator Cargolux has launched a new twice-weekly air service between Chicago and Zhengzhou, China.
30 Apr 2015
Cargolux’s net profit was squeezed to $3 million in 2014 from $8.4 million in 2013 by a $40 million impairment on its 747-400 freighter fleet and a provision for potential anti-trust fines.