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.
Cargolux
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...
02 Apr 2013
The latest IATA cargo figures again show the Middle East is the only region posting significant year-on-year traffic growth in a flat lining global market.
20 Mar 2013
Cargolux Airlines International today launched its first freighter flight connecting Dallas/Fort Worth International Airport to Luxembourg.
11 Feb 2013
Cargolux has adopted a new five-year business plan, including a $275 million capital injection, aimed at returning the fi
18 Jan 2013
Luxembourg-based Cargolux Airlines International’s board of directors has elected Paul Helminger as its chairman.
19 Dec 2012
Qatar Airways will get back the $117.5 million it paid for a 35 percent stake in Cargolux it acquired from the Grand Duch
07 Dec 2012
The Luxembourg government said it will buy back Qatar Airways 35 percent stake in Cargolux and is negotiating with potent
19 Nov 2012
Qatar Airways is selling its 35 percent stake in financially troubled Cargolux that it had acquired less than 18 months a
10 Sep 2012
Cargolux has resumed flights to Ecuador after a nearly 39-month hiatus.
06 Aug 2012
Cargolux named Richard Forson as interim president and CEO of the cargo airline with immediate effect.
30 Jul 2012
Frank Reimen, Cargolux Airlines International president and CEO, has stepped down following his appointment to a Luxembourg government post, the carrier announced.
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