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.
19 Dec 2013
The Luxembourg government has agreed to sell a 35 percent stake in Cargolux to Chinese investors for $120 million.
16 Dec 2013
The board of Cargolux has backed a cooperation deal with Henan Civil Aviation Development and Investment Co., clearing the way for the Luxembourg government to sell a 35 percent stake in Europe’s largest all-cargo airline to the Chinese investors.
17 Sep 2013
The government of Luxembourg is negotiating with Chinese investors over the sale of its stake in Cargolux, Europe’s largest all-cargo airline.
14 Jun 2013
Cargolux Airlines International has plans to double the frequency of its cargo flights from Hong Kong to Rickenbacker International Airport in Columbus, Ohio, The Columbus Dispatch reports.
10 Jun 2013
Talks between Cargolux and labor unions over planned employee cost savings have broken down, shortening the odds on a str
28 May 2013
Cargolux is resisting union demands that it repays $12.5 million of planned labor cost savings to employees if it returns to profit in 2014.
25 Apr 2013
Cargolux’s losses almost doubled in 2012 to $35.1 million from $18.3 million a year earlier, as Europe’s largest all-cargo airline struggled to cut costs amid depressed demand and continued overcapacity across the global air freight industry.
23 Apr 2013
MASkargo, Cathay Pacific and Thai Airways International have settled with the New Zealand Commerce Commission for fixing air cargo prices between February 2000 and February 2006...