Cargolux continued its robust performance in November, flying a record volume of freight and bucking the downward trend in the European air cargo market.
09 Dec 2014
Vietnam’s increasing role in the final assembly of products was evident in the October trade figures that showed Chinese exports to Vietnam soaring 52.6 percent year-over-year to $61 billion.
01 Dec 2014
DB Schenker, the logistics unit of Germany’s state-owned railroad company Deutsche Bahn, is seeking $2.6 billion in damages from 13 airlines that operated a global air cargo cartel.
17 Nov 2014
Cargolux, Europe’s largest all-cargo carrier, posted its best ever October, with its fleet of 22 Boeing 747 freighters breaking records for tonnage, revenue and block hours.
07 Sep 2014
The air cargo market is giddily awaiting tomorrow’s unveiling of Apple’s new iPhone 6 that when launched will create a spike in export traffic from the production city of Zhengzhou and add further lift to solid air freight volumes out of China.
18 Jun 2014
Freighter operator Cargolux is considering the startup of a joint venture air cargo airline with its Henan government sta
27 May 2014
Robert Song, Cargolux’s senior vice president and head of Asia Pacific, has been ousted just weeks after brokering a deal that saw Henan Civil Aviation & Investment Co (HNCA) acquiring 35 percent of the Luxembourg freighter operator.
02 May 2014
Cargolux swung to an $8.4 million net profit in 2013 from a $35.1 million loss a year earlier as freight volume hit an all-time high, but the all-cargo carrier cautioned market conditions are unlikely to improve this year.
25 Apr 2014
Cargolux said its shareholders approved a $175 million increase in its share capital to strengthen the Luxembourg-based all-cargo carrier’s finances and help fund the expansion of its freighter fleet and route network.
15 Jan 2014
The Luxembourg government has completed the sale of a 35 percent stake in all cargo carrier Cargolux to China’s Henan Civil Aviation Development and Investment for $120 million.