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Airlines

Name: CARGOLUX AIRLINES INTERNATIONAL
7JetSet7 Code: CLX
Status: Operational
Region: EUROPE
City: LUXEMBOURG
Country: LUXEMBOURG
Employees 16000
Web: cargolux.com
Email: info@cargolux.com
Telephone: +352 4211 1
Fax: +352 435446
Sita: LUXMZCV
Background
(definitions)

Click below for data links:
CLX-2004-01 WLDTOP25-03
CLX-2004-05 14TH 747-400F
CLX-2005-04 747-400F
CLX-2005-11 - 747-8F - A
CLX-2005-11 - 747-8F - B
CLX-2005-11 747-8F
CLX-2007-01 2006TOP WLD CARGO
CLX-2008-01 TOP WLD CARGO-2007
CLX-2009-01 WORLD TOP 10 CARGO 2008
CLX-2010-02 747-8F-A
CLX-2010-02 747-8F-B
CLX-2010-02 747-8F-C
CLX-2013-11 - 9TH 747-8F
CLX-2017-08 - Horse Transport.jpg
CLX-MAP

FOUNDED AND STARTED OPERATIONS IN 1970. EUROPE'S LARGEST ALL CARGO AIRLINE. INTERNATIONAL, SCHEDULED & CHARTER, CARGO, JET AIRPLANE SERVICES.

ADDRESS:
LUXEMBOURG AIRPORT
L-2990 LUXEMBOURG, GD LUXEMBOURG

OCTOBER 1993: LUXAIR (LUX) OWNS 25%, & LUFTHANSA (DLH) 25%.

SCHEDULED & CHARTER CARGO SERVICES TO ABU DHABI, BANGKOK, DAMASCUS, DUBAI, HONG KONG, HUNTSVILLE, ISTANBUL, KOMATSU, KUALA LUMPUR, KUWAIT, LOS ANGELES (LAX), MEXICO CITY (MEX), SAN FRANCISCO (SFO), SEATTLE (SEA), SINGAPORE (SIA), AND TAIPEI. TO CANADA, NEAR & MIDDLE EAST, FAR EAST, AND USA.

5TH LARGEST CARGO OPERATOR IN EUROPE, 16TH IN WORLD.

NOVEMBER 1993: 1ST DELIVERY OF 747-4R7F (RR721) "CITY OF LUXEMBOURG." CARRIES +22 TONS & +900 NAUTICAL MILES FURTHER & +14% FUEL EFFICIENCY THAN 747-200F.

JANUARY 1994: 1993 = -$1.7 MILLION (+$1.4 MILLION).

JULY 1994: 1ST 6 MONTHS = +38% (FTK) FREIGHT TRAFFIC.

JANUARY 1995: 1994 = +$3.22 MILLION (-$1.69 MILLION).

APRIL 1995: STEN GROTENFELT TO AIR FRANCE (AFA) AS VP CARGO, REPLACED BY HEINER WILKENS, EX-SENIOR VP UNITED TECHNOLOGIES (P&W) EUROPE, MIDDLE EAST, & AFRICA.

1 747-200F (JT9D-7J), EX-ATLAS AIR (TLS).

JUNE 1995: 1 ORDER (SEPTEMBER 1995) 747-400F (CF6-80C2B1F), (4TH).

JULY 1995: 1ST 6 MONTHS = +17.0% (FTK) FREIGHT TRAFFIC.

SEPTEMBER 1995: 1 747-400F (CF6-80C2B1F), DELIVERY 3RD, 4TH IN 1998.

DECEMBER 1995: NEW ROUTES: JOHANNESBURG & CAPE TOWN, MADRAS

JANUARY 1996: 1995 = +19.4% (FTK) FREIGHT TRAFFIC.

SOLD 747-228F TO (TLS), & LEASED BACK.

1995 UTILIZATION OF 747-200F = 14.13 HOURS, 747-400F = 15.56 HOURS.

APRIL 1996: TO CHILE, TO RETURN FRESH PRODUCE.

MARCH 1996: WEEKLY (SEA) TO PRESTWICK, SCOTLAND (747-400F).

JULY 1996: JOINED ASSOCIATION OF EUROPEAN AIRLINES (AEA) AS 26TH MEMBER.

ATLAS AIR (TLS) 747-200F, 3 YEAR WET-LEASED.

OCTOBER 1996: 1ST 9 MONTHS = +4% TON MILES, +7% BLOCK HOURS, -$6 MILLION (+$10 MILLION).

NOVEMBER 1996: BOEING (TBC) ENGINEERS TO DO SITE EVALUATION FOR ENGINE STRUT MODIFICATIONS TO BE DONE AT CARGOLUX (CLX) IN JULY 1997. 1ST AIRPLANE (RJ331) TO HAVE WING PORTION OF MODIFICATION, WITH "D" MAINTENANCE CHECK AT LUFTHANSA TECHNIK (LTK) (DLH). ALL SUBSEQUENT BY (CLX).

747-200F SUB-CONTRACTED TO AIR FRANCE (AFA), FOR PARIS TO NEW YORK, ROUTE (AFA) HAS 747 MECHANICAL PROBLEMS).

RECEIVES INTERNATIONAL CARGO ASSOCIATION'S "1996 CARGO AIRLINE ACHIEVEMENT."

DECEMBER 1996: APPROVAL FOR $25 MILLION NEW HANGAR.

BECAME (IATA) (ITA) MEMBER.

747-400F RECEIVES CATEGORY IIIB FROM REGULATORY AUTHORITY (CAA). 747-200C TO BE READY FOR CATEGORY IIIB IN 1998.

APRIL 1997: EXTERNAL CONSULTANT AUDITS MAINTENANCE TO POINT OUT WEAK AREAS AND HELP TO IMPROVE PERFORMANCE.

JANUARY 1997: LUXAIR (LUX) INCREASES OWNERSHIP FROM 24.53% TO 30.5%.

MARCH 1997: MAINTENANCE CONTRACT FOR "D" CHECK ON GABON INTERNATIONAL (GBN) DC-8.

MAY 1997: 886 EMPLOYEES (INCLUDING 171 FLIGHT CREW (FC) & 9 MAINTENANCE TECHNICIANS (MT)).

1ST QUARTER = 93.6% LOAD FACTOR (LF) (+7%), UTILIZATION 747-200 = 14:03 HOURS (+24%), 747-400 14:36 HOURS (-5%).

747-200C (LX-ACV) NOT TO BE SOLD AS PLANNED, "D" CHECK DEFERRED, UNTIL JANUARY 1998.

JUNE 1997: DR THOMAS PAPKE, VP CARGO OPERATIONS, EX-LUFTHANSA (DLH), MBA & PH D, IN INFORMATION TECHNOLOGY, MUNSTER UNIVERSITY).

JULY 1997: 1996 = +$7.3 MILLION: 1.384 BILLION (FTK) FREIGHT TRAFFIC (1.329 BILLION).

SEPTEMBER 1997: 24.5% LUFTHANSA (DLH) STAKE IN CARGOLUX (CLX) SOLD TO SWISSAIR (SWS) GROUP.

GOVERNMENT OK'S NEW WIDE BODY HANGAR (2 747 BAYS).

4TH 747-4R7F DELIVERY.

OCTOBER 1997: 886 EMPLOYEES.

$825 MILLION, 5/2 ORDERS (OCTOBER 1998) 747-400F'S. BY THE END OF 1999, TO OPERATE ALL 747-400F'S, & REPLACE 3 747-200F'S. $255 MILLION, FOR (RB211-524G/H-7) ENGINES FOR 5/2 ORDERS.

NOVEMBER 1997: 1 747-212F (24177), EX-SINGAPORE AIRLINES (SIA), SOUTHERN AIR TRANSPORT (STT) WET-LEASED.

DECEMBER 1997: 1 747-4R7F (29053) DELIVERY.

JANUARY 1998: 1997 = +$30 MILLION RECORD! +19.4% (FTK) FREIGHT TRAFFIC; 93% LF LOAD FACTOR (+19%).

AIR TRANSPORT WORLD ELECTS CARGOLUX (CLX) "BEST CARGO CARRIER 1997."

FEBRUARY 1998: SELLS 3 747-271C'S (21964; 21965; 22403) TO SOUTHERN AIR TRANSPORT (STT), AND WET-LEASES THEM BACK, TIL JUNE 1998.

MARCH 1998: SWISSAIR (SWS) TAKES 33.7% OF CARGOLUX (CLX). LUXAIR (LUX) STILL HAS 34.9%, & OTHER LUXEMBOURG BANKS 31.1%.

PLANS TO SELL 3 747-271C'S TO (STT), AND LEASE BACK, UNTIL 747-400F'S ARE DELIVERED.

APRIL 1998: 886 EMPLOYEES (INCLUDING 171 FLIGHT CREW (FC) & 9 MAINTENANCE TECHNICIANS (MT)).

BERNARD SCHNEBELEN, DIRECTOR MAINTENANCE & PRODUCTION.

(http://www.cargolux.com).

1997 = +$30.7 MILLION: 273,696 METRIC TONS, 93% LF LOAD FACTOR. AVERAGE UTILIZATION: 3 747-200 = 14 HOURS, 5 747-400 = 15.2 HOURS. 1ST QUARTER = 631,000 (FTK) FREIGHT TRAFFIC (+20%).

MAY 1998: 2 LATEST 747-4R7F'S CHRISTENING WITH (1125) "CITY OF DUDELANGE" & (1139) "CITY OF GREVENMACHER."

JUNE 1998: PLANS TO BUILD $30 MILLION, MAINTENANCE HANGAR BY 2000, CAPABLE OF 2 BAYS FOR 747-400F'S.

JULY 1998: WET-LEASE 1 747-47UF FROM ATLAS AIR (TLS) (9/99).

1997 TOP WORLD OPERATOR COMPARISONS:
(FTK) FREIGHT TRAFFIC (BILLION): 11 NWA 3.3; 12 UAL 3.2; 13 CHI 2.8; 14 EVA 2.7; 15 DAL 2.45; 16 CLX 2.41; 17 AAL 2.40; 18 PAO 1.9; 19 SWS 1.8; 20 NCA 1.8; 21 MTH 1.8; 22 TII 1.6.

OCTOBER 1998: 1ST 6 MONTHS = 1.29B (FTK) FREIGHT TRAFFIC (+19.4%).

LUXEMBOURG - PRESTWICK - KOMATSU - TAIWAN.

3 747-200F'S (21964; 21965; 22403) NOW SOLD TO ATLAS AIR (TLS) AND LEASED BACK. SIGNS 2ND CONTRACT WITH ATLAS AIR (TLS) FOR 747-47UF SERVICES.

DECEMBER 1998: STARTED SERVICE TO MANCHESTER - SEATTLE & TO ABIDJAN - ACCRA.

1 747-400F DELIVERY. +2 ORDERS 747-400F'S, (RB211-524G/H-T) (NOVEMBER 1999).

JANUARY 1999: TO SHANGHAI (747-400F).

FEBRUARY 1999: THIERRY FROMES, VP INFORMATION SYSTEMS & COMMUNICATIONS, EX-LOCAL MEDIA COMPANY.

NEW ROUTE TO BEIRUT, CARRYING CLOTHING, TELECOMMUNICATIONS EQUIPMENT, PHARMACEUTICALS, AND PETROLEUM MACHINERY.

MARCH 1999: 1998 = +$92 MILLION RECORD! REVENUE & TONNAGE WENT UP 20%, BUT COSTS WENT UP 19% (HIGH COST OF +5 AIRPLANES FROM ATLAS AIR (TLS), EVERGREEN INTERNATIONAL (EVR) & TOWER AIR (TOW).

747-400F (RB211-524G/H-T) DELIVERY.

APRIL 1999: 1,007 EMPLOYEES.

1998 = +$92 MILLION, 322,000 TONS (274 TONS), 2.7 BILLION (FTK) FREIGHT TRAFFIC (2.4 BILLION), 747-400F (15.96 HOURS UTILIZATION). HAS 6 747-400F'S, WITH +4 IN 1999. 1.84 BILLION (FTM) (1.65 BILLION).

MAY 1999: 1,100 EMPLOYEES.

JUNE 1999: (FAA) SAFETY OVERSIGHT RATES LUXEMBOURG REGULATORY
AUTHORITY CATEGORY 1, AS MEETING INTERNATIONAL (ICAO) SAFETY STANDARDS.

JULY 1999: IN SEPTEMBER 1999, TO MELBOURNE - AUCKLAND - LOS ANGELES (LAX) - PORTLAND (OREGON) TO LUXEMBOURG (747-400F).

8TH 747-400F (RM883, LX-OCV), 3RD WITH (RB211-524H-T), DELIVERY.

AUGUST 1999: 1ST 6 MONTHS = +8.7% CARGO TONNES, BUT REVENUE WAS -4.9% BELOW FORECAST DUE TO -15% VALUE OF EURO.

1 A310-600F, CITYBIRD (CBD) LEASED, TIL JANUARY 2000, FOR MIDDLE EAST & AFRICAN ROUTES. 1 747-4R7F TO BE LEASED TO FAST AIRWAYS (FWY), KENYA, TO ALLOW INCREASE OF JOINT FLIGHTS TO JOHANNESBURG TO MEET INCREASED DEMAND.

SEPTEMBER 1999: 747-4R7F (29732, LX-PCV) DELIVERY.

OCTOBER 1999: CARGOLUX MAINTENANCE: CONTACT: TONY ARCONE, MANAGER MAINTENANCE SALES & CUSTOMER SERVICES (aarcone@cargolux.lu): HAS 5,000 SQ M MAINTENANCE HANGARS FOR 2 NARROW BODY AIRPLANES FOR 747'S, 757'S "A" MAINTENANCE CHECKS, AND 737'S "A" - "D" MAINTENANCE CHECKS, INCLUDING AVIONIC UPGRADES, 747'S SECTION 41, COMPOSITES REPAIRS, CORROSION PREVENTION & CONTROL PROGRAM (CPCP), STRIP/PAINT, INTERIORS, & (VIP) REFIT/REFURBISHMENTS.

OCTOBER 1999: 1ST 9 MONTHS = 2.26 BILLION (FTK) FREIGHT TRAFFIC (+15.7%).

NOVEMBER 1999: 1 A300-600F, LEASED, TO SUPPLEMENT TRUCK FEEDS FROM ITALY, VIA THE ALPS. 1 747-400F, WET-LEASED TO SWISSCARGO (SWS), TO REPLACE A GEMINI (GMN) DC-10-30F. 747-4R7F (30400, LX-RCV) DELIVERY.

JANUARY 2000: NEW SERVICE TO GUADALAJARA, MEXICO.

MARCH 2000: SIG JONSSON, DIRECTOR QUALITY ASSURANCE.

TO LOS ANGELES (LAX) WITH AEROMEXPRESS (MEX). CARGOLUX (CLX) IS ABLE TO DEAL EUROPE DIRECT SPACE TO INTERNATIONAL COMPANIES SUCH AS (IBM), COMPAC, & SIEMENS.

1999 AFTER-TAX = +$30 MILLION: 377,000 TONS, +21% (FTK) FREIGHT TRAFFIC, INCLUDING 4 747-400'S DELIVERED, & NEW SERVICE TO CHINA, AUSTRALIA & NEW ZEALAND. NOW SERVES 34 COUNTRIES.

APRIL 2000: 1,087 EMPLOYEES.

MAY 2000: "COOPERATION" WITH ASIANA (AAR), FOR NEW FREIGHTER SERVICE TO KOREA IN JUNE 2000 (747-400, 2/WEEK).

JULY 2000: PLANS ROUTE TO HO CHI MINH CITY.

ANDREW CANNEY, MAINTENANCE MANAGER, EX-NORTHWEST AIRLINES (NWA).

AIRPORT AUTHORITIES, OK CONSTRUCTION OF NEW MAINTENANCE HANGAR.

1999 TOP WORLD OPERATORS:
(FTK) FREIGHT TRAFFIC (BILLION): 1 FED 10.31; 2 LUB 7.07; 3 UPS 6.02; 4 KAL 5.96; 5 SIA 5.48; 6 AFA 4.73; 7 BAB 4.54; 8 JAL 4.42; 9 KLM 4.15; 10 CAT 3.77; 11 UAL 3.58; 12 CHI 3.38; 13 CLX 3.25; 14 EVA 3.15; 15 NWA 3.02; 16 AAL 2.51; 17 NCA 2.22

1999 = +$30 MILLION (+$92 MILLION): 3.25 BILLION (FTK) (+20.8%); 1,300 EMPLOYEES.

SEPTEMBER 2000: CARGOLUX (CLX) REVEALS IT IS 1 OF 3 UNNAMED CARGO CARRIERS WHOM HAD EXPRESSED INTEREST IN THE A380F. (CLX) SAYS IT MAY BECOME THE LAUNCH CUSTOMER FOR A380F OR 747XF.

DECEMBER 2000: LUXEMBOURG - VIRACOPOS - LATACINGA (ECUADOR) -
BARBADOS - LUXEMBOURG (747-400F, WEEKLY).

1ST 9 MONTHS = 2.77 BILLION (FTK) FREIGHT TRAFFIC (+22.5%).

MARCH 2001: HENRIK AMBAK, HEAD CARGO OPERATIONS. SEAN ARNOLD, HEAD FLEET MANAGEMENT.

MOVES ITS SWISSCARGO WEEKLY SERVICE TO HONG KONG, FROM BASEL, TO ZURICH.

APRIL 2001: 1,234 EMPLOYEES.

2000 = +$33 MILLION (+$30 MILLION).

HEINER WILKINS, PRESIDENT & CEO, RESIGNED.

JULY 2001: 1 747-4R7F DELIVERY (29733, LX-SCV).

AUGUST 2001: PLANS TO DEVELOP BAKU AS A HUB IN THE CASPIAN SEA REGION, TO OPERATE 3 FLIGHTS/WEEK, CARRYING OIL DRILLING EQUIPMENT. TO BAKU (AZERBAIJAN) - SHANGHAI (3/WEEK).

SEPTEMBER 2001: TO MANILA (2/WEEK).

OCTOBER 2001: TO KUWAIT - SHARJAH (WEEKLY).

NOVEMBER 2001: TO SEATTLE - CALGARY - LUXEMBOURG (WEEKLY).

1ST 9 MONTHS = 286.15 MILLION (FTK) FREIGHT TRAFFIC (-12.1%).

JANUARY 2002: TO PENANG, MALAYSIA (747-400F, WEEKLY).

APRIL 2002: CARGOLUX (CLX) VOTED "BEST ALL-CARGO OPERATOR 2002" BY "AIR CARGO NEWS."

2001 = +$15.4 MILLION (+$32.96 MILLION): 433,096 TONNES OF FREIGHT, 3.77 BILLION (FTK) FREIGHT TRAFFIC (-1.2%) WHEREAS INDUSTRY-WIDE (FTK) AVERAGED -8%. AIRPLANES AVERAGED 15.25 HOURS/DAY UTILIZATION.

TO BUDAPEST.

2,333 EMPLOYEES.

MAIN BASE: LUXEMBOURG AIRPORT (LUX).

May 2002: To Abidjan.

July 2002: 1st 6 months = 1.96 billion (FTK) freight traffic (+8.3%).

2001 Top World Cargo Operators (Billion) (FTK) Freight Traffic:
1 FED 11.05; 2 LUB 7.08; 3 UPS 5.96; 4 SIA 5.88; 5 KAL 5.57; 6 AFA 5.12; 7 KLM 4.64; 8 JAL 4.19; 9 BAB 4.033; 10 CHI 4.030; 11 NCA 3.93; 12 CAT 3.89; 13 CLX 3.77; 14 EVA 3.28; 15 UAL 2.80; 16 NWA 2.79; 17 AAL 2.56; 18 MTH 2.40; 19 AAR 2.38; 20 DAL 2.31; 21 MAS 1.84; 22 SWS 1.79; 23 TII 1.67; 24 QAN 1.57; 25 AHK 1.55.

August 2002: 1 747-4R7F (30401, LX-TCV "CITY OF SANDWEILER") delivery.

November 2002: Ulrich Ogiermann, President, in January 2003.

1st 9 months = 2.99 billion (FTK) freight traffic (+9.6%).

1/2 order (April 2004) 747-400F (RB211).

March 2003: 2002 = +$49.3 million (+$15.4 million): 3.95 billion (FTK) freight traffic (+6.7%).

April 2003: 1,411 employees. (info@cargolux.com).

2002 TOP 25 WORLD FREIGHT CARRIERS - Billion - (FTK) Freight Traffic
1 (FED) 13.20; 2 (LUB) 7.16; 3 (UPS) 6.62; 4 (KAL) 6.25; 5 (SIA) 6.08; 6 (AFA) 4.87; 7 (CAT) 4.85; 8 (CHI) 4.60; 9 (JAL) 4.39; 10 (CLX) 4.16; 11 (BAB) 4.12; 12 (KLM) 3.99; 13 (EVA) 3.28; 14 (NWA) 3.24; 15 (AAL) 2.93; 16 (UAL) 2.79; 17 (AAR) 2.75; 18 (NCA) 2.21; 19 (POA) 1.97; 20 (EAD) 1.96; 21 (MAS) 1.92; 22 (BEJ) 1.88; 23 (TII) 1.824; 24 (DAL) 1.823; 25 (ACN) 1.58.

July 2003: 1,300 employees. SITA: LUXTOCV.

(info@cargolux.com).

January 2004: Luxembourg - Istanbul, Hong Kong, Bangkok, Abu Dhabi, Budapest, Luxembourg (4/week). Luxembourg - Kinshasa - Johannesburg - Nairobi - Maastricht - Luxembourg (weekly).

February 2004: 747-200F's Air Atlanta Cargo (AID) wet-leased for Hong Kong - Abu Dhabi - Budapest (weekly).

April 2004: 2003 = +$70.9 million (+42.9%) (+$49.6 million): 4.43 billion (FTK) freight traffic (+6.5%).

13th 747-4R7F (33827, LX-UCV "City of Bertrange") delivery. 14th order (October 2005) 747-4R7F.

June 2004: Luxembourg - Hong Kong - Abu Dhabi, Sharjah - Barcelona (2/week). Luxembourg - Manila - Taipei - Abu Dhabi - Istanbul, Milan (MXP); Luxembourg - Prestwick - Seattle - San Francisco; & Luxembourg - Taipei - Bangkok - Abu Dhabi - Istanbul.

August 2004: Luxembourg to Eldoret (Kenya) via Beirut and Sharjah and on the return stops at Nairobi and Maastricht.

October 2004: Signed an exclusive 7-year outsourcing agreement for all of its information technology (IT) requirements with CHAMP Cargosystems (CCS). Luxembourg-based (CCS) is a wholly-owned Cargolux (CLX) subsidiary, which was created January 2004, from the company's former (IT) division. The contract including everything from PC supply and maintenance to system development and support. (CCS) also provides eCHAMP product suite to (CLX) for management of its key air cargo processes.

1 order (December 2006) 747-400F, ex-Asiana (AAR) to be bought from SALE (SIL).

November 2004: Luxembourg - Helsinki - Hong Kong ((CLX) 747-400F, weekly), in conjunction with Finnair (FIN) Cargo.

April 2005: Luxembourg to Amman (weekly).

1,356 employees.

2004 = +$83.5 million (+18%): fuel costs +60%; 5.11 billion tonnes-km (+15.5%); 595,019 tonnes of freight (+17.3%).

China Cargo Airlines (CKK) signs a 4-year agreement for use of Air Cargo Manager software from Champ Cargosystems, a Cargolux (CLX) subsidiary, in which SITA has taken a majority 51% participation.

June 2005: Implements Trax Maintenance.

In July 2005 to Doha (weekly) offering main deck capacity primarily to the oil and gas industry. From Doha, the flight will continue to Hong Kong before returning via Baku to Luxembourg.

July 2005: Cargolux (CLX) board OK's management to pursue final negotiations with Boeing re-10/20 orders (February 2009) 747FADV Freighters.

August 2005: 2 747-400F's (25868; 29731) sold to Pegasus Aviation (PSS) and leased back.

September 2005: China Airlines (CHI) joined with Cargolux (CLX) to take a 49% stake in Shanghai-based Yangtze River Express (YTH). The cargo carrier (YTH) operates four 737-300QCs and transports cargo within China for (UPS). According to a statement to the Taiwan Stock Exchange, China Airlines (CHI) will pay 312.5 million yuan/$38.6 million for its 25% stake. Hainan Airlines (HNA) has a 15% holding.

Boeing (TBC) is moving closer to the launch of the 747-400ADV with the announced sale of four 747-400Fs to Nippon Cargo Airlines (NCA). According to insiders at the manufacturer, the next delivery slots are 747-400ADV airplanes. This year, (TBC) has sold 24 747-400s and now has a backlog of 30 net of five cancellations logged in 2005.

(CLX) has announced its intention to order 10/20 747-400ADV freighters. Other carriers identified with the program are China Airlines (CHI), Malaysia Airlines (MAS), Japan Airlines (JAL), Singapore Airlines (SIA), and British Airways (BAB).

October 2005: Cargolux (CLX) will start a direct weekly service to Damman October 31 operating 747 freighters. The flight will continue to Hong Kong before returning to Luxembourg.

Meantime, the carrier agreed with SITA to retain the name CHAMP Cargosystems for their joint Information Technology (IT) cargo company.

1st 9 months = 4.15 billion (FTK) freight traffic (+13.1%).

November 2005: Boeing (TBC) announced the launch of the 747-8 program, formerly designated the 747 Advanced, on the basis of 18 firm orders from Cargolux (CLX) and Nippon Cargo Airlines (NCA). The airplane, which represents the first major upgrade to the 747 platform since the 747-400 rolled out in December 1998, and the first-ever fuselage stretch, is being offered in two versions: The 747-8I Intercontinental passenger airplane and the 747-8IF Freighter. They will be powered by General Electric's (GEnx) being developed for the 787 and will "meet Stage 4 and QC2 noise requirements," according to Boeing.

(CLX) and (NCA) each chose the freighter variant. (CLX), which last summer signaled its intent to be a launch customer, ordered 10 firm airplanes plus purchase rights on an equal number, with first delivery in the third quarter of 2009. (NCA) ordered eight and takes its first in the fourth quarter of 2009. Firm orders from the two were valued at approximately $5 billion at list prices.

The 747-8 Freighter will maintain the 747-200 upper deck common to the dash 400 and will have winglets. It will be 18.3 ft/5.6 m longer than the 747-400F, with inserts fore and aft of the wing.

The passenger version, for which a customer has not been announced, will feature raked wingtips and stretches fore and aft, one of which will result in a longer upper deck. It will be stretched 11.7 ft (3.6 m) compared to the 747-400 to accommodate 34 additional seats in a typical three-class configuration. Range for the passenger version is 8,000 nm/14,815 km versus 4,470 nm/8,275 km for the freighter.

(CLX) President and CEO, Ulrich Ogiermann said in a statement, "The (TBC) 747-400 Freighter has been a cornerstone of our success, and I have high expectations that the 747-8 Freighter will build on that success and expand our capabilities worldwide."

747-4R7F (34235, LX-VCV "City of Walferdange") delivery.

December 2005: Abu Dhabi-based Etihad Airways (EHD) is negotiating with Cargolux (CLX) to buy the 33.7% stake currently held by SAirLogistics (SWS) in (CLX). "There are many other airlines that are contacting our board or some of our board members" regarding the stake, Communications Director Marc Schonckert noted. (CLX) has held discussions in the past two years with Air China (BEJ), Qatar Airways (QTA) and Texas Pacific, among others.

"A positive outcome of the talks with (EHD) is fairly doubtful unless [CLX] are in need for fresh capital to finance their past and current ambitious fleet expansion. Negotiations with other Arab carriers in the past have failed because of worries by (CLX) shareholders, and by the Luxembourg government, that the culture shock would be too large to overcome. Equally, there have been reservations about the long-term commitment of the Texas Pacific Group. Some shareholders were afraid the Texans were just interested in a quick flip over of their investment."

(CLX) last month took delivery of its 14th 747-4R7F (34235, LX-VCV "City of Walferdange") and announced a launch order for 10 747-8Fs plus purchase rights for an additional 10. Cash-rich (EHD) reportedly is willing to pay $130 million for the stake, about +$30 million more than the offer tabled by Air China (BEJ) 18 months ago.

SAirLogistics (SWS) is (CLX)'s second-largest shareholder after Luxair (LUX), which holds 34.9%. (SWS) acquired Lufthansa (DLH)'s 24.5% stake in 1987 and increased its holding in early 1988. Following the collapse of SAirGroup (SWS) in 2001, that asset went to the bankruptcy trustee for the creditors.

(CLX) was named Air Transport World (ATW)'s "Cargo Airline of the Year" for 2005. It posted revenue of $1.2 billion in 2004, up +26.4% on the prior year. Operating profit grew +24% to $80.7 million and net profit increased +18% to +$83.5 million. Results for the current financial year will not measure up. "We don't give predictions, but I confirm we will not reach our budgeted ambitious targets," said Schonckert. "We will not report negative results [but] we won't be as profitable as last year."

1st 11 months = Freight traffic 5.02 billion (FTK) (+18.3%).

January 2006: Cargolux (CLX) will add twice-weekly flights to Beijing and Xiamen.

March 2006: Cargolux (CLX) will add a third weekly frequency to its Hong Kong - Barcelona - Luxembourg service, this month. In addition to existing Hong Kong departures on Wednesdays & Saturdays, the airline will add a Thursday departure, all 3 operated with a 747-400F Freighter.

(CLX) emerged as the unidentified customer that placed an order for two new 747-400Fs this month. (CLX) simultaneously confirmed it canceled the introduction of a used 747-400F scheduled to join its fleet this year, as that airplane has been sold in the meantime. The new airplanes, valued at $450 million at list prices, will be delivered in summer 2007 and summer 2008 and will fill the gap until delivery of the carrier's 747-8F fleet starting in September 2009. (CLX) is the new freighter's launch customer and has announced firm orders for 10 and purchase rights for an additional 10. It currently operates 14 747-400Fs. "The 747 freighters play an important part in our business model," President & CEO, Ulrich Ogiermann said. "The performance level of the 747-400 freighter within our worldwide network is a cornerstone of our results these last years. With the introduction of the 747-8 freighter by the end of 2009, (CLX) will enter a new era of increased operational efficiency, of further improved environmental performance and of an enlarged potential for better products to benefit our customers."

May 2006: Cargolux (CLX) added a second weekly frequency to Damman with further services to Riyadh and Jeddah on May 18.

July 2006: Cargolux (CLX) is selling two (CF6-80C2B1F)-powered 747-400Fs. Cabot Aviation is the marketing agent. Formal commitments are required by December 31, with delivery expected in the second half of 2009. (CLX) placed an order for 10 firm 747-8Fs plus 10 options in November.

September 2006: Cargolux (CLX) is one of Europe's largest scheduled all-cargo airlines, operating flights around the world through a global network. Charter flights and 3rd party maintenance are also operated.

Employees = 1,384.

(IATA) Code: CV - 172. (ICAO) Code: CLX (Callsign - CARGOLUX).

Parent organization/shareholders: Luxair (LUX) (34.9%); SAirLogistics (33.7%) - to be sold; Luxembourg financial corporations (31.1%); & other shareholders (0.3%).

Main Base: Luxembourg Airport (LUX).

International, Scheduled Destinations: Abidjan; Abu Dhabi; Amman;; Auckland; Baku; Bangkok; Barcelona; Beijing; Beirut; Bogota; Budapest; Calgary; Chennai; Chicago; Damascus; Dubai; Glasgow; Guadalajara; Helsinki; Hong Kong; Houston; Indianapolis; Johannesburg; Karachi; Komatsu; Kuala Lumpur; Kuwait; Latacunga; Los Angeles; Lusaka; Melbourne; Mexico City; Milan; Nairobi; New York; Panama City; San Francisco; Santiago; Seattle; Seoul; Shanghai; Sharjah; Singapore; Taipei; & Xiamen.

October 2006: The European Commission (EC) sent a reasoned opinion, the last step before a formal complaint to the European Court of Justice is lodged, to Luxembourg for failing to implement the 2003 legislation, that calls for common basic standards on aviation security measures at (EU) airports. "Commission inspections at Luxembourg airport have established that some security measures have not been fully implemented in compliance with Community standards and some of the identified deficiencies have not yet been rectified," the (EC) noted, adding, "The implementation of common basic standards and related security measures therefore remain a major concern at Luxembourg airport."

Finnish flag carrier Finnair (FIN) and Cargolux Airlines (CLX) are to start a new cargo service between Luxembourg - Gothenburg and New York as of 7 January, the former firm said in a statement.

The weekly flights are to be operated with a (CLX) 747-200 airplane. The new route follows a Luxembourg - Helsinki -Hong Kong service launched by the two carriers two years ago.

November 2006: Air Atlanta Icelandic (AID) announced the introduction of the first 747-412SF (27066, TF-AMI) converted freighter into the fleet. The airplane, which was converted at Israeli Aircraft Industries (IAI) in Tel Aviv, is now on lease to Cargolux (CLX) and was introduced into service on November 5th from Luxembourg to Huntsville.

(CLX) will increase the frequency of flights on its Luxembourg to Johannesburg route from 3 to 4 flights a week on November 28th. Current departures from Luxembourg are Thursdays, Fridays, & Sundays with the new flight departing on Tuesdays. Current departure from Johannesburg are Mondays, Fridays, & Saturdays with the new flight departing on Wednesdays. The routing of the new flight will be Luxembourg - Johannesburg - Nairobi - Maastricht - Luxembourg operating with a 747-400F.

December 2006: Cargolux (CLX) will add a fifth weekly flight to Budapest from December 14. The new service will operate Taipei - Bangkok - Budapest - Luxembourg.

March 2007: Cargolux (CLX) placed a follow-on order for three 747-8F freighters valued at $845 million plus two options, bringing its total firm orders for the type to 13. It is the co-launch customer for the 747-8F along with Nippon Cargo Airlines (NCA). It also has 10 purchase rights. Boeing (TBC) said it now has a combined 87 firm orders for the 747-8F and the 747-8 Intercontinental passenger version.

April 2007: Cargolux (CLX) reported a 2006 net profit of $82 million, up +6.5% over the previous year, on a +5% gain in revenue to $1.5 billion. Expenses rose +8.8% to $1.4 billion, driven by a +22% hike in fuel costs to $581.5 million. The all-cargo carrier said fuel now accounts for 40% of its costs. Production measured in (FTK)s freight traffic, fell -0.4% against a -3.2% decline in capacity, while tons sold rose +1% to 651,000. Load factor improved +2.1 points to 72.4% LF.

Last month, (CLX) began operating twice-weekly, Luxembourg - Atlanta flights via New York (JFK) and Chicago O'Hare using 747-400Fs.

June 2007: (CAE) will build a 7000 Series 747-8F Freighter Full Flight Simulator (FFS) and a suite of Simfinity747 ground school training devices for Cargolux International Airlines (CLX), launch customer for the 747-8F.

August 2007: Cargolux Airlines International (CLX) will add a sixth weekly Luxembourg - Mexico City flight, starting October 18.

747-4R7F (35804, LX-WCV), delivery.

January 2008: Airlines throughout the world are contending with antitrust charges made at the end of 2007 by the European Commission (EC), which has accused at least 11 and as many as 25 carriers of "cartel" activity relating to airfreight transport. In addition to British Airways (BAB), Japan Airlines (JAL), Air France (AFA)/(KLM), (SAS) Group, and Cargolux (CLX) (all of which confirmed receipt of statements of objections from the (EC) before Christmas),(ANA), Air New Zealand (ANZ), Air Canada (ACN), Cathay Pacific Airways (CAT), (LAN) and Singapore Airlines (SIA) have admitted to being charged. Carriers charged late last year, have two months from the receipt of statements of objections to respond in writing to the (EC) and also have the option of requesting a formal hearing. An airline found guilty or admitting to guilt can be fined up to 10% of its annual revenue.

April 2008: Cargolux Airlines International (CLX) reported a consolidated net loss of -$47.1 million compared to a profit of +$82.6 million in 2006, as it decided to provision its 2007 accounts with a $155 million charge to cover potential exposure to the antitrust proceedings initiated by the European Commission (EC) in February 2006. The loss was the carrier's first since 1993. "This provision is not to be deemed an admission of guilt of wrongdoing on the company's part, but is a precautionary measure, consistent with the prudence with which the company generally prepares its accounts," (CLX) said, confirming receipt of a December statement of objections from the (EC) relating to its investigation on price-fixing in the airfreight sector.

Revenues rose +11.8% to $1.68 billion, while fuel expenses increased +7.9% to $627.3 million, representing 39.7% of total costs. Production traffic measured in (FTK)s grew +4.6% to 5.5 billion, and tonnes transported went up +7.9% to 702,765. Based on (IATA) (ITA) statistics and measured by international (FTK)s, (CLX)'s global market share was about 4%, a slight improvement on the year before, the carrier said. Load factor gained +0.4 point to 72.8% LF. Average system yield was $2.36 per kg, up +3.9% year-over-year, due mainly to fuel surcharge increases. Capacity lifted +4.1% to 7.6 billion (ATK)s as it took delivery of its 15th 747-400F in August. Additional capacity was sourced via wet-leases.

Looking forward, President & (CEO), Ulrich Ogiermann warned, "No doubt 2008 will prove to be a challenging year again. Fuel prices remain at an all-time high, and growth rates of our industry will be steady but moderate. The high fuel prices will almost certainly have an impact on the operating economics and deployment of less efficient airplanes such as the 747-200F."

(CLX) named Marc Hoffmann as its new President.

June 2008: Cargolux (CLX) commenced weekly, Vienna - Hong Kong service.

July 2008: Cargolux Airlines International (CLX) took delivery of its 16th and final 747-400F powered by Rolls-Royce (RB211-524H-T)s. The new airplane came with a unique livery, with the traditional red-and-white stripes fading away instead of reaching to the tail. This hints at a revamped design to be introduced on the 747-8F, (CLX) noted. From 2009 on, it will receive 13 (GEnx)-powered 747-8Fs that gradually will replace the 747-400F fleet.

August 2008: Demavia Airlines commenced a weekly cargo flight from Brussels to Kinshasa aboard a leased Cargolux (CLX) 747-400F.

November 2008: SEE ATTACHED - - "CLX-2007-TOP-WLD-CARGO."

February 2009: Cargolux Airlines International (CLX) announced the launch of "Cargolux Italia (CXI)," a subsidiary that will operate long-haul cargo flights from Milan Malpensa (MXP). It plans to start operations as soon as (ENAC) grants certification, which is expected in April.

The Australian Competition and Consumer Commission (ACCC) has expanded its investigation into cargo price-fixing and announced commencement of legal proceedings against Air France (AFA), (KLM), Martinair (MTH) and (CLX) for colluding on fuel surcharges between 2003 and 2006. The carriers "made a number of admissions and consented to the remedies sought including penalties, injunctions and costs," the (ACCC) said. (AFA) and (KLM) have offered to pay a combined fine of A$6 million/$4 million, while (CLX) and (MTH) have offered A$5 million each. The Federal Court will determine the final penalties and a hearing is scheduled for February 16.

"(CLX) has cooperated intensively with the (ACCC) and the other authorities throughout the investigation and the legal proceedings and will continue to do so," Chairman, Marc Hoffmann said. The other airlines did not release statements. Consent proceedings against the quartet follow earlier deals with Qantas (QAN) and British Airways (BAB), which were assessed penalties of A$20 million and A$5 million respectively. The (ACCC) also commenced contested proceedings against Singapore Airlines Cargo (SQC) in December and "continues to investigate other airlines with further actions expected over the next few months," it said in a statement.

Last summer, (AFA)/(KLM) agreed to pay a $350 million fine resulting from a similar investigation by the USA Department of Justice. (MTH) also pleaded guilty to collusion and was hit with a $42 million penalty.

April 2009: Cargolux Airlines International (CLX) reported a net loss of -$61 million in 2008 owing to markdowns in its interest rate and fuel derivative portfolio and a $119 million fine owed to the USA Department of Justice for its role in fixing cargo rates. It lost -$47.1 million in 2007. (CLX) improved on an operating level, however, posting an operating profit before financing costs of +$13.8 million, reversed from a loss of -$33 million the prior year. Revenue rose +18.1% year-over-year to $1.98 billion, while tonnage carried grew +0.1% to 703,601, despite a -4% worldwide decline in airfreight, it said. (FTK)s fell -2.3% to 5.4 million and load factor was down -2.2 points to 70.6% LF. Its global market share was about 4%, "slightly higher" than in 2007, based on (IATA) (ITA) statistics and measured in international (FTK)s.

(CLX) added its final 747-400F to the fleet in August, lifting (ATK)s by +6.8%. ((CLX) said that owing to the delay in the production of the new 747-8F, for which it is a launch customer, its first delivery of the next-generation freighter now is expected in late 2010 rather than this year.

(CLX) will start weekly, 747-400 Luxembourg - Toronto service on April 19.

Asiana Airlines (AAR), (CLX) and Nippon Cargo Airlines (NCA) became the latest carriers to reach an agreement with the USA Department of Justice (DOJ) to plead guilty to conspiring to fix air cargo prices and will pay criminal fines totaling $214 million. (AAR), which agreed to pay a $50 million fine, also will plead guilty to "carrying out [an] air passenger price-fixing conspiracy," according to the (DOJ). (CLX) will pay a $119 million fine and (NCA) will pay a $45 million penalty.

Fifteen airlines now have paid or agreed to pay criminal fines totaling more than >$1.6 billion as a result of the (DOJ)'s ongoing antitrust investigation into air cargo pricing irregularities. (CLX) and (NCA) are the first all-cargo airlines to agree to pay the (DOJ) fines. Like (AAR), Korean Air (KAL) also pleaded guilty to fixing passenger fares. Other international authorities also have been conducting investigations and the Australian Competition and Consumer Commission recently commenced legal proceedings against Air France (AFA), (KLM), Martinair (MTH) and Cargolux (CLX).

These plea agreements with the (DOJ) are subject to court approval. Acting Assistant Attorney General Antitrust Division, Scott Hammond said air transport price-fixing has "inflicted a heavy toll on American businesses and consumers . . . The Department will continue its investigation into this criminal conduct until all co-conspirators are brought to justice."

The (DOJ) said (CLX), (AAR) and (NCA) are charged with participating in meetings with co-conspirators "to discuss the cargo rates to be charged on certain routes to and from" the USA, agreeing on rates to charge and then levying those rates in accordance with the agreements. They also engaged in "meetings, conversations and communications" to monitor and enforce "adherence to the agreed-upon cargo rates," the (DOJ) said. In addition, (AAR) is charged with meeting and communicating with co-conspirators regarding "wholesale and passenger fares to be charged on flights from the United States to Korea" and agreeing to, levying and enforcing agreed-upon fares, the (DOJ) said.

(CLX)'s criminal activity took place from as early as September 2001 to February 2006, (AAR)'s from "at least as early as January 2000 until at least February 14, 2006" and (NCA)'s from "in or about" April 2000 to February 2006, the (DOJ) said.

(CLX) Chairman, Marc Hoffman said that his airline had "cooperated intensively with the (DOJ) and the other authorities throughout the investigation and will continue to do so." He added that the company had "reviewed and reinforced its competition compliance program."

(AAR) said, "Although the fine amount is far less than that of many other airlines, (AAR) is truly sorry to the public and its stockholders for what has happened. (AAR) promises that business practices will adhere to the laws of each and every country it serves regardless of cultural differences."

September 2009: Sells 747-4R7F (25866, LX-FCV), to (UPS) as (N581UP).
747-4R7F (25848, LX-KCV "Lombardia"), operates for Cargolux Italia (ICV).

December 2009: Karganda International airport in Kazakhstan has been given clearance to accept large wide body freighter airplanes, such as 747-400fS and MD-11Fs, following a recent runway inspection. Cargolux (CLX) is planning to develop the facility as a transit point on flights between Europe and Asia.

1st 747-8F rolls out, destined for 1st delivery to Cargolux (CLX) in fourth quarter SEE ATTACHED PHOTO - - "CLX-747-8F 2009-12."

3 747-4R7Fs (29729, LX-MCV; 29730, LX-NCV; 29732, LX-PCV), wet-leased to Silk Way (AZQ).

January 2010: Cargolux (CLX) has Luxair (LUX) as its majority shareholder now after the latter has acquired a 17.2% stake from bankrupt Swissair Group taking its stake in Cargolux (CLX) to 52.1%. The government of Luxembourg has acquired 8% from Swissair (SWS) and the remaining 8.5% of the stake previously held by (SWS) have been acquired by several banks based in Luxembourg already holding minority stakes in (CLX).

Cargolux Italia (ICV) will lease a second 747-400F freighter leased from parent Cargolux (CLX) to expand its network of cargo destinations served from Milan Malpensa.

INCDT: A Cargolux (CLX) 747-400F landing at Luxembourg Findel on Thursday afternoon January 21, touched the roof of a van parked on the runway to facilitate repairs of the lighting system, the Ministry of Sustainable Development & Infrastructure confirmed, adding that the airplane landed normally (after that) and no injuries occurred. Flight CV7933 was cleared to land on runway 24 in foggy conditions. The incident is under investigation.

February 2010: The 747-8F freighter flew its first flight on February 8th, taking off from Paine Field in Everett, Washington, at around 12:40 pm local time following a nearly 3-hour weather delay and landing at the same airport at 4:18 pm, marking the start of flight testing for the latest derivative of Boeing (TBC)'s successful wide body program. The flight occurred after two delays to the 747-8F program owing largely to overtaxed engineering and one day short of the 41st anniversary of the historic first flight of the 747-100. All indications were that the flight was successful. (TBC) said the first flight of the 747-8I Intercontinental, the passenger version, will occur later this year.

The first 747-8F is destined for launch customer Cargolux (CLX), with delivery scheduled for the fourth quarter. It is one of nine customers that have ordered a combined 76 747-8Fs. (TBC) also has sold 32 747-8Is, the latest ordered by Korean Air (KAL).

The (GEnx)-powered 747-8F at 76.3 m is 5.6 m longer than the 747-400F freighter and is designed to be +17% more fuel efficient. According to (TBC), the stretch provides +16% more revenue cargo volume, translating to four additional main-deck and three more lower-hold pallets.

Among the dignitaries on hand at Paine Field to observe the flight was Joe Sutter, the legendary lead engineer for the original 747. "It's amazing to me that this program has lasted 41 years," he said on a (TBC) webcast following the landing. The longevity "says the basic design was right then and it's still right now." Sutter noted that he always believed the 747 was an ideal cargo airplane and was confident the freighter version of the 747-100 would be successful even if the passenger version was not. He remembered that he resisted entreaties by airlines to design the groundbreaking airplane, in 1969 by far the largest ever built, as a narrow double-decker rather than a wide body. "If we had gone with the double-decker, neither the freighter nor the passenger versions would have lasted 41 years," he said.

SEE ATTACHED PHOTOS - - "CLX-2010-02 747-8F-A/B/C."

April 2010: 747-481SF (24801, LX-ZCV), Air France (AFA) leased.

May 2010: World Airways (WLD) signed an agreement with Cargolux (CLX) to operate a 747-400F freighter on a full time basis for air cargo service October to June.

September 2010: Cargolux (CLX) launched weekly, Luxembourg - Singapore - Hong Kong - Los Angeles freighter service.

Boeing (TBC) said the first 747-8F Freighter will not be delivered to launch customer Cargolux (CLX) until "mid-year 2011," marking the third delay for the troubled program.

The first delivery had been set for the 2010 fourth quarter, although Boeing Commercial Airplanes President & (CEO), Jim Albaugh recently had hinted that delivery might slip into next year owing to a series of nagging problems affecting the flight test program. The original schedule called for the airplane to be delivered during the 2009 fourth quarter.

In a statement, Boeing (TBC) said the latest delay "follows a thorough assessment of the expected cumulative impact of [flight test] discoveries, which include a low-frequency vibration in certain flight conditions and an under-performing aileron actuator. While neither issue requires structural changes to the airplane, they have led to disruptions to certification testing, which the program was unable to offset within the prior schedule." In order to achieve the latest delivery date, (TBC) will add a fifth airplane to the test program.

"We understand the issues encountered in flight test and are working through the solutions," said (BCA) VP & General Manager Airplane Programs, Pat Shanahan. "We recognize our customers are eager to add the 747-8F Freighter to their fleets, and we understand and regret any impact this schedule change may have on their plans to begin service with the airplane. With that said, the 747-8F Freighter is demonstrating the capabilities our customers need to be successful and we are confident in the value it will bring them upon certification and delivery next year."

At the end of August, (TBC) removed VP & General Manager 747 Program, Mo Yahyavi from his post and Shanahan told employees in an internal communication cited by the "Seattle Times" that he would take over direct supervision of shepherding the 747-8F and 747-8I Intercontinental to Entry Into Service (EIS). Boeing additionally appointed Elizabeth Lund to the role of Deputy Program Manager for the 747-8 reporting directly to Shanahan.

October 2010: Cargolux Airlines International (CLX) President & (CEO), Ulrich Ogiermann and Senior VP Sales & Marketing, Robert Van de Weg were indicted in the USA District Court in Miami on charges of conspiring to fix and coordinate certain surcharge rates on air cargo shipments to and from the USA and for agreeing not to pay commissions on those surcharges, the USA Justice Department said. Ogiermann, who is believed to be the highest level executive to be caught up in the (DOJ)’s ongoing investigation into price fixing in the air transport industry, is charged with participating in the conspiracy from “at least as early” as October 2001 until at least February 2006 and Van de Weg from “at least as early” as December 2003 until at least February 2006.

In a statement, Cargolux (CLX) said that the management and board of directors “are reviewing the charges against Mr Ogiermann and Mr Van de Weg and can make no further comments at this time. We understand that, under USA law, Mr Ogiermann and Mr Van de Weg will now have the opportunity to defend themselves against these allegations in court.”

(CLX) entered into an agreement with the (DOJ) last year, under which (CLX) pleaded guilty to a violation of the Sherman Antitrust Act relating to the charging of surcharges for international air cargo shipments and agreed to pay a fine of $119 million over five years.

747-4R7F (29729) sold to Silk Way Airlines (AZQ) as (4K-800).

November 2010: The European Commission (EC) fined 11 airlines a total of €799 million/$1.1 billion for "operating a worldwide cartel which affected cargo services within the European Economic Area." In a statement, the (EC) said the carriers "coordinated their action on surcharges for fuel and security without discounts over a six-year period." Air France (AFA) received the largest fine at €182.9 million, followed by its affiliate (KLM) at €127.2 million. Other fines include British Airways (BAB) (€104 million), Cargolux (CLX) (€79.9 million), Singapore Airlines (SIA) (€74.8 million), (SAS) (€70.2 million), Cathay Pacific Airways (CAT) (€57.1 million), Japan Airlines (JAL) (€35.7 million), Martinair (MTH) (€29.5 million), Air Canada (ACN) (€21 million), Qantas (QAN) (€8.9 million) and (LAN) Airlines (€8.2 million).

Lufthansa (DLH) and its subsidiary Swiss International Air Lines (CSR) "received full immunity from fines under the (EC)’s leniency program, as it was the first to provide information about the cartel," the (EC) stated.

"It is deplorable that so many major airlines coordinated their pricing to the detriment of European businesses and European consumers," said (EC) VP Competition, Joaquin Almunia. "With today’s decision, the (EC) is sending a clear message that it will not tolerate cartel behavior." The (EC) charged that the "cartel members" coordinated pricing from December 1999 to February 2006.

The (EC) in late 2007 sent out official statements of objections to as many as 25 carriers regarding cargo price fixing. It said that 11 carriers originally charged were not fined.

The (EU), USA Department of Justice, Australian Competition and Consumer Commission and other authorities worldwide have been investigating anti-competitive practices in air cargo since 2005. Cargolux (CLX) President & (CEO), Ulrich Ogiermann and Senior VP Sales & Marketing, Robert Van de Weg were recently indicted in a USA court on charges of conspiring to fix and coordinate certain surcharge rates on air cargo shipments to and from the USA.

In a statement, Air France (AFA)/(KLM) said it considered the level of the fine to be "disproportionate given the fact that the economic analysis demonstrated that the actions in question had no detrimental effect on the freight shippers or the freight forwarders. Moreover, the level of the fines disregards the economic hardship that the air cargo industry has suffered, and will have a distortive effect on the level playing field." It added that it intends to appeal the decision to (EU) courts. Because the level of the fine exceeds the level of provisions already taken by the company for potential cargo antitrust payments, (AFA)/(KLM) will book a charge of €127 million for the first half of its current fiscal year.

(SAS) said in a statement it has not been involved in a global cartel and the fines are disproportionate. It also plans to appeal the decision, a process that could take several years. The fines will be accounted for in (SAS)'s third-quarter earnings.

Air Canada (ACN) said in a statement it may appeal the decision and said the penalty is “more than adequately” covered by a C$125 million provision it made in 2008.

"We are highly disappointed and strongly contest the considerable level of the fines, which we believe to be disproportionate to (SAS) Cargo's actions," said (SAS) Chief Legal Officer, Mats Loennkvist. "We have cooperated fully with the (EC) during the entire investigation and, for slightly more than four years, we have disputed the (EC)'s view that (SAS) Cargo has been involved in a global cartel."

Ulrich Ogiermann stepped down as (CEO) of Cargolux (CLX) following a meeting of the board. The decision was caused by his “indictment by a USA court for alleged antitrust (ATI) violations,” (CLX) said in a
statement. “The preparation of Mr Ogiermann’s legal defense will absorb time and energy and is not reconcilable with an effective day-to-day management of the company under trading conditions that will be challenging.” The indictment is connected to alleged illegal price fixing of fuel and security surcharges. (CLX) has been
fined with close to €80 million by the European Commission (EC) for participating in a cartel of 11 airlines. (CLX) is looking into an appeal and says the amount of the fine is out of proportion.

Ogiermann will be replaced as (CEO) by Frank Reimen, currently a First Government Adviser in charge of the general coordination of the department of transport in the Ministry of Sustainable Development and Infrastructure. “He has years of experience and in-depth knowledge of the aviation sector in general and the air cargo industry,” (CLX) Chairman, Mark Hoffmann said.

January 2011: Atlas Air Worldwide Holdings (AAWH) Executive VP & (CCO), Michael Steen was elected the new Chairman of The International Air Cargo Association, replacing former Cargolux Airlines International (CLX) President & (CEO), Ulrich Ogiermann. Long one of the air cargo industry's most prominent figures, Ogiermann in November was indicted in the USA after the USA Department of Justice brought price-fixing charges against him. He said in a statement that he was leaving the (TIACA) Chairman's role for "personal reasons." Steen had been serving as (TIACA)'s Vice Chairman.

747-4B5BCF (24200, LX-ACV), delivery.

March 2011: Cargolux (CLX) reported 2010 net income of +$59.8 million, reversing a loss of -$153.3 million in 2009 and marking its first profitable year since earning +$82.6 million in 2006.

"(CLX) managed to achieve a remarkable turnaround," Europe's largest all-cargo airline said in a statement. "The recovery of the air cargo market continued during 2010 and, while it was initially volume driven, prices started to recover in March. Asian markets turned out to be especially strong, and the area was a leader in the 2010 recovery even though China showed signs of a slowdown during the final months of the year."

It added that "significant progress" was made last year in terms of "reducing [(CLX)'s] exposure to antitrust (ATI) cases." Longtime President & CEO, Ulrich Ogiermann stepped down in November following his indictment on price-fixing charges by the USA Justice Department. (CLX) noted that it reached antitrust settlements last year with the governments of Canada, New Zealand and South Korea. It is appealing the European Commission (EC)'s €79.9 million/$112.6 million antitrust penalty.

Regarding its fleet, (CLX) said it expects to take delivery of the first three of 13 747-8F freighters it has on order during the second half of 2011. (CLX) operated 15 747-400Fs and one 747-200SF as of December 31, 2010.

Full-year 2010 revenue heightened +31.3% to $1.72 billion and operating income was $111.6 million, reversed from an operating loss of -$59.1 million in 2009. Traffic rose +10.1% to 5.3 billion (FTK)s on a 3.7% lift in capacity to 7.2 billion (ATK)s, producing a load factor of 73.3% LF, up +4.3 points.

Looking ahead, (CLX) warned that "yields are likely to remain under pressure from over-capacity building up in some parts of the world, particularly in Asia. Any prolonged surge in oil prices—denting the profitability of our highly cyclical business—must be offset by higher productivity and enhanced competitiveness."

April 2011: British Airways (BAB) was fined $1.6 million and Cargolux (CLX) was fined $4.6 million for operating an illegal cartel to fix airfreight rates on flights into New Zealand. Both airlines admitted the offense last month in settlements reached with the New Zealand Commerce Commission (NZCC), which lodged actions against 13 international airlines in 2008.

“The penalties reflect discounts for both airlines, to take account of their early admissions and their cooperation with the commission’s proceeding. (BAB) has received a greater discount, because of its commitment to further cooperation as the case progresses, but in each case, the court has acknowledged the value to this agency of receiving assistance from the parties involved,” said Commission General Counsel of Enforcement, Mary-Anne Borrowdale.

Qantas (QAN) has also admitted involvement but is yet to be fined. Court proceedings will begin in May against a host of airlines, comprising Air New Zealand (ANZ), Cathay Pacific Airways (CAT), Emirates (EAD), Japan Airlines (JAL), Korean Air (KAL), Malaysia Airlines (MAS), Garuda (GIA), Singapore Airlines (SIA), and Thai Airways (TII). A case by (NZCC) against United Airlines (UAL) has been dropped.

May 2011: Qatar Airways (CEO), Akbar al-Baker declined to provide financial details of its 33% stake in Cargolux (CLX), but said (QTA) and (CLX) expect to reach an agreement in the coming weeks.

(QTA) is one of the region’s fastest growing carriers, serving 100 destinations. Al-Baker said (QTA) sees the (CLX) deal as a way to strengthen its bottom line without drawing management resources away from its growth strategies. “We see there are synergies. (QTA) would like to expand. I’ve always said that we will only be interested in other airlines if they are healthy, if they are well-established (and) that they will add value to (QTA),” he said.

(CLX) generated $59.8 million in profit in 2010, rebounding from a steep loss the previous year as the global economy improved and demand for air cargo increased. “We will not invest in an airline, no matter how attractive it is that will take my management time and management resources to cure a sick individual,” he added.

(CLX) operated a fleet of 14 747-400F freighters at the end of last year, according to its annual report. It plans to gradually overhaul its fleet by replacing existing freighters with Boeing (TBC)’s newer but delayed 747-8F model. It hopes to receive the first three of 13 of those planes it has on order by the end of this year.

Al-Baker also announced three new cities to (QTA)’s network with flights scheduled to begin in November: Entebbe, Uganda; Baku, Azerbaijan; and Tbilisi, Georgia.

Last month, (QTA) placed orders for three 777F freighters and two 777-300ERs, an extended-range passenger version of the same plane. (QTA) currently operates 25 777s.

June 2011: Qatar Airways (QTA) signed an agreement with Cargolux International Airlines (CLX) to acquire a 35% holding in Europe's largest all-cargo carrier. (QTA) (CEO), Akbar El Baker last month revealed that (QTA) was negotiating an acquisition of around one-third of (CLX).

The equity purchase is part of a wider agreement that cements close commercial cooperation between the carriers. "Our investment in Europe's leading cargo carrier (CLX) boosts our ambition to become one of the major players in airfreight by 2015," (QTA) Chairman Hamad Bin Jassim Bin Jabr Al Thani said. (CLX) President & (CEO), Frank Reimen noted that the carriers identified "numerous synergies owing to the complementary nature of our businesses that will enable us to develop scale and reach and strengthen our respective hubs in Luxembourg and Doha. The implementation of the cooperation plan will be a driver of high customer satisfaction, enhance our competitiveness through improved returns and benefit the Luxembourg economy overall through extra trucking and handling tonnage and the creation of new jobs."

In a joint release, the companies said that (QTA)'s 35% equity interest in (CLX) marks the "termination of the temporary role of the Luxembourg state as a shareholder in the company and enables other state-controlled shareholders who participated in the 2009 (CLX) restructuring plan through the acquisition of a 33.7% holding of former SAirlines (SWS) to sell or reduce their ownership in (CLX)." Luxair (LUX), the country's national carrier, is (CLX)'s largest shareholder with 52.1% while four Luxembourg financial institutions: — (BCEE) (13.1%); (SNCI) (12.8%); (BIP) Investment Partners (11.5%); and Lux-Avantage (2.2%); hold 39.6% and the Luxembourg state holds 8% directly. (BCEE)'s capital is entirely owned by the Luxembourg state.

"Everybody wins from this partnership," Al Baker said. "We seek to fuel our growth plans by including airfreight as a major part of our product offering. Our investment in (CLX), a sound and healthy company and a leading all-cargo carrier, will deliver great value to (QTA)."

Cargolux (CLX) returned to the black in 2010 after three years of losses.

Boeing (TBC)'s 747-8F freighter is scheduled to land at the Paris Air Show on Monday (the opening day) after crossing the Atlantic Ocean partially powered by biofuel. Boeing pilots (FC) Captain Keith Otsuka and Captain Rick Braun and Cargolux (CLX) Captain Sten Rossby were slated to fly the airplane with each of its (GE) (GEnx-2B) engines powered by a blend of 15% camelina-based biofuel and 85% traditional kerosene fuel (Jet-A).

The 747-8F is scheduled to arrive at Le Bourget Airport Monday at 5 pm local time after a 4,335 nm/8,029 km trip. Camelina, the plant source used to create the biofuel, was grown in Montana and processed by Honeywell (SGC)'s (UOP). The airplane will be on static display at the air show on Tuesday and Wednesday. It is scheduled to leave Wednesday evening and fly to launch customer Cargolux (CLX)'s headquarters at Luxembourg for a two-day visit.

August 2011: Boeing (TBC)’s 747-8F freighter was awarded (FAA) and (EASA) certification, paving the way for delivery of the first airplane to launch customer Cargolux (CLX) early next month.

The (FAA) granted (TBC) an Amended Type Certificate (ATC) and an Amended Production Certificate (APC), while (EASA) also granted the company an (ATC) for the airplane. The (ATC) certifies that the 747-8F design is compliant with all aviation regulatory requirements and will produce a safe and reliable airplane. The (APC) validates that the 747 production system can reliably produce airplanes that will conform to the airplane's design. (EASA) and the (FAA) each accept the other’s oversight of Boeing (TBC) production certificates as sufficient for their regulations.

Production and development issues have several times delayed the 747-8F; (CLX) was originally scheduled to get its first 747-8F in the third quarter of 2009.

(TBC) spokesman, Jim Proulx said that through the end of the year, (TBC) expects to deliver between 25 and 30 747-8Fs and 787s (which has also suffered production-related delays). He did not specify the mix, but said delivery numbers would be slightly weighted towards the 747.

The 747-8F is 250 ft, 2 inches/76.3 m long, making it 18 ft, 4 inches /5.6 m longer than the 747-400F. The stretch provides customers with +16% more revenue cargo volume.

September 2011: Qatar Airways (QTA) and Cargolux International Airlines (CLX) completed the equity transaction announced in June after gaining all regulatory approvals, making (QTA) the second largest shareholder in Europe's largest all-cargo airline with a 35% stake. Luxair (LUX), which has a 43.4% equity stake, is (CLX)'s largest shareholder.

Financial details of the transaction were not disclosed. The equity purchase is part of a wider agreement that cements close commercial cooperation between the carriers. “Due to the complementary nature of the business and fleet composition of both companies, the strategic partnership with (QTA) enables (CLX) to enhance its competitive position as an independent leading air cargo operator,” (CLX) said in a statement. “The transaction increases the attractiveness of the (CLX) network through increased reach and scale. It also gives (QTA) access to additional capacity and new destinations and strengthens the Luxembourg and Doha hubs.”

Boeing (TBC) confirmed it will deliver the first 747-8F freighter to launch customer Cargolux (CLX) on September 19 at Paine Field in Everett, Washington, USA.

(CLX) has 13 747-8Fs on firm order. The cargo carrier will put the airplane into revenue service immediately from its Luxembourg base. It will take delivery of the second General Electric (GEnx-2B67) powered 747-8F on September 21 and a third airplane is scheduled to join its fleet in October.

(CLX) President & (CEO), Frank Reimen said, "In a sense, history is repeating itself. We were pioneering the cargo industry when we put the first 747-400F freighter into revenue service in 1993. This is what we do once again with the 747-8F freighter."

Cargolux (CLX), Europe's largest all-cargo airline, became the 747-8F launch customer when it signed a contract for 10 in November 2005. It placed a follow-on order for three additional airplanes in March 2007 and holds two options and 10 purchase rights.

Boeing (TBC)'s 747-8F freighter program was dealt another blow when Atlas Air Worldwide Holdings (AAWH) canceled three of the 12 747-8Fs it had on order, citing "lengthy delays and performance considerations."

Coming on the heels of Cargolux's (CLX) surprising decision to decline delivery of the first two 747-8Fs the (AAWH) move raises more questions about the airplanes's operating performance. A (CLX) executive said the 747-8F had an "overall performance shortfall," but there has been wide speculation that Qatar Airways (QTA), which holds a 35% stake in (CLX), played a strong role in the delivery deferral, in part to express its dissatisfaction with (TBC) over 787 delays.

But (AAWH) has long been eager to take delivery of its 747-8Fs and place them into wet-lease (ACMI) services. The termination of its first three 747-8Fs lends credence to the notion that the airplane (or, at least, the early-build units) fall short of promised performance metrics.

However, Cathay Pacific Airways (CAT) said it is "satisfied" with the 747-8F and will accept its first of the type next month. (CAT) is due to receive five 747-8Fs this year, four of which are on the flight line at (TBC) facilities in Everett, Washington, and five next year. (CAT) has options for a further 10.

(AAWH) said it now expects to receive three 747-8Fs in 2011, four in 2012 and two in 2013. The first five already have been placed under long-term wet-lease (ACMI) contracts with British Airways (BAB) (three) and Panalpina (two). (AAWH) President & (CEO), William Flynn stated, "As prudent asset managers, terminating the first three airplanes was the right decision for our fleet, our customers and our stockholders. We expect the remaining 747-8Fs in our order to be better-performing airplanes than those we have terminated."

By the end of 2013, (AAWH)'s cargo fleet is expected to comprise nine 747-8Fs and 24 747-400Fs. It plans to retire its last five 747-200Fs by mid-2012.

October 2011: Boeing (TBC) delivered the first 747-8F freighter to Cargolux (CV) on October 12 at a ceremony in Everett, Washington, USA, that took place several weeks later than planned. Though it is the launch customer for the airplane, (CLX) last month declined to accept delivery, citing performance shortfalls. "I'm happy to announce that we've resolved the contractual issues that delayed the first delivery of our new 747-8F freighter last month," (TBC) VP Marketing, Randy Tinseth said in a post on his blog. He noted that Cargolux (CLX) will take delivery of its second 747-8F on October 13.

"Even though we had to wait a bit longer than expected, it doesn't make these deliveries any less sweet," Tinseth wrote. (CLX) has a total of 13 747-8Fs on order.

(CLX) began operating the 747-8F on its 5x-weekly freighter service to Budapest Airport.

Pratt & Whitney Global Service Partners has been selected by Cargolux Airlines (CLX) for an Engine Management Program agreement providing on-wing engine health monitoring. It will use its Web-based Advanced Diagnostics & Engine Management tools to provide engine performance monitoring services for (CLX)’s fleet of (PW4056) engines.

2 747-8R7Fs (35806, LX-VCB; 35809, LV-VCD), deliveries.

February 2012: Cargolux Airlines International (CLX) has appointed Richard Forson as Chief Financial Officer (CFO), effective 1 February.
Forson, who succeeds former (CFO), David Arendt is also a Senior VP of the company and a member of the executive committee of (CLX). He has more than >20 years of experience in financial, general business and operational management.

Before joining (CLX), Forson served Wamar International as Senior VP and Chief Operating Officer (COO). Prior to Wamar, he was the General Manager Finance & Administration at Qatar Airways (QTA). He has also spent 13 years at South African Airways (SAA), where he held various senior management positions before assuming the role of (CFO).

The former Cargolux (CLX) (CEO), Ulrich Ogiermann and Senior VP Sales & Marketing, Robert Van de Weg each entered a plea agreement with the US Department of Justice and will serve a 13-month jail term after pleading guilty to fixing prices on air cargo. (CLX) which also pleaded guilty during related proceedings in 2009, was fined $119 million.

March 2012: Tensions are rising at Cargolux International Airlines (CLX) over the increased influence of Qatar Airways (QTA), which is reportedly willing to increase its shareholding to 49% from 35% via a capital increase.

(CLX) is holding an annual meeting and the company is expected to report a loss of -$18 million for 2011, according to Luxembourg media. It would be (CLX)’s fourth year of losses in the last five years. In the first two months of this year losses amounted to -$27.5 million, according to media reports, citing company sources.

The meeting will be followed by the appointment of a new board of directors. The (OGB-L) union opposes the reappointment of the current ad interim Chairman, Albert Wildgen, which it claims is a (QTA) representative. It is calling for the nomination of a neutral Chairman “who represents the interest of Luxembourg and of Cargolux (CLX).”

The union has also requested more details on the strategic partnership between (QTA) and (CLX) and a recently signed secret agreement, which was leaked to the local press, between the two carriers that increases (QTA)’s shareholding to 49%.

(QTA) and (CLX) in September 2011 completed the equity transaction announced in June after gaining all regulatory approvals, making (QTA) the second largest shareholder in Europe's largest all-cargo airline with a 35% stake.

Qatari Capital Precision investment fund has shown an interest in acquiring a stake in Luxair (LUX), (CLX)’s actual largest shareholder with 43.4%. If this were to materialize, Qatari interest would hold a 55% stake in (CLX) and Luxembourg would lose “another jewel in its economy,” the (OGB-L) union warned.

But Minister Sustainable Development & Infrastructure, Claude Wiseler told Parliament the agreement between (CLX) and (QTA) includes a clause capping (QTA)’s maximum shareholding at 49%.

The (LCGB) union urged (CLX) to only change the shareholding if it could ensure the sustainability of the company and its staff.

Both unions had threatened to strike but it was averted after a meeting with the Minister of Transport and Wiseler, who told unions the company’s current shareholding ratio will remain unchanged for the moment. They, however, confirmed that a strategic committee had initiated a process of reflection on the carrier’s strategy in the wake of its current difficulty and that strategy changes might be announced in the coming months. These could include changes to its fleet, Wort.lu reported.

Separately, (CLX) took delivery of its third new 747-8F freighter.

April 2012: Qatar Airways (QTA) is planning to increase its minority stake in Cargolux (CLX) from 35% to 49% as part of a capital increase to refinance (CLX).

July 2012: Cargolux (CLX) will essentially be controlled by the government of Luxembourg once a transaction to acquire 12.1% stake in the cargo carrier from Swiss logistics provider Panalpina has been completed. The deal which has not yet been publicly confirmed, is expected to take place in the next couple of days according to several media reports in Luxembourg. The government currently directly and indirectly already owns 48.6% of (CLX) and will own 60.7% going forward. The biggest minority shareholder is Qatar Airways (QTA) which owns 35%.

November 2012: Cargolux Airlines (CLX) confirmed that Qatar Airways (QTA) will exit its 35% shareholding in (CLX). (QTA) had reportedly sought to increase its shareholding to 49%. “Notwithstanding these developments, the (CLX) shareholders Luxair (LUX), (BCEE) and (SNCI) have confirmed their full confidence and support of Richard Forson, the interim President & (CEO), and his management team as they take the airline forward through this difficult phase of restructuring in order to position (CLX) for future growth and prosperity benefiting not only the air logistics industry, but the country as a whole,” (CLX) said. “There are many significant challenges facing Cargolux (CLX) and the shareholders remain committed to implementing those actions that will ensure it long term sustainability.”

Interim Chairman, Albert Wildgen will step down from the (CLX) board of directors on November 30.

The (LCGB) and (OGB-L) unions in a November 13 protest demanded that the government “rethink the role of Qatar Airways (QTA)” and “[live] up to their responsibilities as a 65% majority shareholder and protect the interest of Cargolux (CLX) employees and the worksite in Luxemburg.”

For the full year 2011, (CLX) reported a net loss of -$18.3 million reversed from a +$59.8 million profit in 2010. Revenue rose +8.4% year-over-year to $1.87 billion. “It is difficult to pinpoint one reason specifically, as a combination of factors impacted our performance negatively, including excess capacity in the markets, steadily rising oil prices, an unfavorable fleet mix coupled with higher wet leasing costs and reduced network flexibility resulting from the delays in the 747-8 program,” Wildgen said. “Looking to 2012, we expect trading conditions to remain more than challenging.”

Capacity fell -1.3% year-over-year. (CLX) and Cargolux Italia carried 658,800 tons of cargo in 2011, down -3.6% from 2010. Load factor fell -2.5 points to 70.8% LF.

(QTA) took its 35% equity interest in (CLX) in June 2011, becoming the second-largest (CLX) shareholder behind Luxair (LUX).

(CLX) is also of interest to the Chinese airline group (HNA) according to a report by "Tageblatt" in Luxembourg. The 35% stake in (CLX) currently held by (QTA) is up for sale after arguments between (QTA) and the government of Luxembourg could not be settled at the last board meeting. (HNA) owns Chinese cargo carrier, Yangtze River Express (YTH) and subsidiary Hong Kong Airlines (CRY) that also operates A330-200F freighters. (HNA) also already owns 49% of Turkish cargo operator, myCargo Airlines (ACC).

December 2012: The Luxembourg government confirmed it has taken over the 35% stake in Cargolux Airlines (CLX) from Qatar Airways (QTA). It is in talks with a number of potential buyers to sell the shares again.

The government sold its 35% stake to (QTA) last year and bought it back for the original sale price of $117.5 million.

Last month, (QTA) disclosed it would exit its 35% stake in (CLX) after disagreements escalated concerning the carrier’s strategy.

(CLX) shareholders include Luxair (LUX) (43.4%) and state-owned Luxembourg banks (BCEE) (10.9%) and (SNCI) (10.7%).

February 2013: Cargolux ((IATA) Code: CV, based at Luxembourg Findel International (LUX)) (CLX) has announced details of a new business plan aimed at turning around the loss making cargo carrier's financial position. Its existing shareholders, with the exception of the government of Luxembourg, which currently holds a 35% stake, are expected to provide $275 million USD in new capital through the issuance of convertible bonds in two installments, $100 million USD this and $175 million USD next year. The investment will be used to increase (CLX)'s fleet from 15 to 18 airplanes, preferably through the acquisition of additional 747-8Fs. As part of the business plan, (CLX) also hopes to cut yearly payroll costs by -$10 million USD for the next five years and has started talks with its staff regarding a new labor agreement. Luxair ((IATA) Code: LG, based at Luxembourg Findel International (LUX)) is (CLX)'s largest investor and currently holds 43.4% in Cargolux (CLX) with the other two shareholders besides the government being Luxembourg based banks (BCEE) and (SNCI).

Cargolux (CLX) has revealed it is in negotiations with Boeing (TBC) to push back its 747-8F freighter deliveries and is unlikely to firm up two options it holds for the type.

(CLX) interim (CEO), Richard Forson said the move forms part of (CLX)’s 2013 - 2017 business plan. “We are in discussion with Boeing (TBC) about possibly shifting the delivery timeline. One of the key pillars of our new strategy is flexibility, in terms of both costs and capacity,” he explained. “We are pushing them out into the future, but I can’t say exact dates.”

(CLX) is slated to take a further “two, possibly three” 747-8Fs in 2013. Forson said the delayed airplanes will be “rolled in as quickly as possible,” depending on “affordability” and demand, so the airline can capitalize on low interest rates.

He stressed (CLX) will still take all 13 747-8Fs which it has on firm order. “Shifting deliveries does not mean we will not be taking these airplanes. We intend to fulfil our order with (TBC) for 13 747-8Fs, of which six are in service already.”

At the time of the order, (CLX) took options on a further two 747-8Fs. “We do have two options, but it is unlikely we will be exercising them,” said Forson. “It is a year or so before we have to take that decision.”

The remainder of (CLX)’s fleet is made up of 747-400Fs. “These [the 747-400Fs] will be fully paid for in the next two to three years. We will keep them in the fleet so we can react to surges in demand, providing us with flexible capacity. That way, if we have to keep them on the ground, it will be cash neutral.”

(CLX) was originally due to be the launch customer for the 747-8F, however, at the last moment it refused to take the airplane, citing contractual issues. This was later resolved and it took its first example of the type in 2011.

March 2013: The Boeing 747-8 has served its 100th airport just 16 months after entering service. The 747-8F Freighter operated by launch customer Cargolux (CLX), arrived in Hanoi, Vietnam, from Kuwait. “As the 747-8 launch customer, I want to congratulate the Boeing (TBC) and (CLX) teams for their commitment and hard work that made this achievement possible,” said Richard Forson, (CLX) Interim President & (CEO). “We are proud to be the first airline to operate the 747-8F to the 100th airport worldwide that is able to accommodate this great airplane on a commercial revenue flight. After all, it’s a milestone for (TBC) and (CLX) alike and a testament to the true pioneering spirit that has always characterized our two companies.”

(CLX) took delivery of the first 747-8F Freighter in October 2011 and placed it directly into service to its home base in Luxembourg. Since then, the 747-8 fleet has supported revenue service operations at 100 airports on six continents and has been approved for more than >240 airports around the world, significantly more than the airplane’s main competitor.

The fleet has also been performing well in service, with a dispatch reliability of approximately 98.4%.

The milestone demonstrates the newest member of the 747 family can operate safely within an airport environment, accounting for regulatory requirements, clearances, pavement loading and parking requirements.

Cargolux (CLX) launched 2X-weekly, Luxembourg - Dallas/Fort Worth 747-8F service. One of the two weekly flights operates Luxembourg - Baku - Hong Kong - Dallas. The other is routed via Mexico.

See video "CLX-747-8IF INTRO" - -

September 2013: The Luxembourg government is in talks with four bidders over the sale of its 35% stake in Cargolux (CLX). It declined to give more details about the companies, except to say that one of the candidates is Chinese investor Henan Civil Aviation Development and Investment Company (HNCA).

“The (HNCA) company, being one of the potential candidates which have expressed their interest in the Cargolux (CLX) stake, is in close talks with Luxembourg,” the government.

Qatar Airways (QTA) exited its 35% stake in Cargolux (CLX) in late 2012 after disagreements escalated concerning (CLX)’s strategy.

Several local media outlets are reporting the deal (with a new investor) should be completed by the end of the year.

The Chinese investors have also showed interest in a dual hub strategy in both Luxembourg and Zhengzhou, China.

Cargolux shareholders also include Luxair (LUX) (43.4%) and state-owned Luxembourg banks (BCEE) (10.9%) and (SNCI) (10.7%). (CLX) operates 10 747-400Fs, including one operating for Cargolux Italia and eight 747-8Fs.

November 2013: 9th 747-8F delivery.

December 2013: Luxembourg has moved a step closer to selling its 35% Cargolux (CLX) stake to China’s Henan Civil Aviation and Investment Company (HNCA), after the all-cargo carrier’s board approved a commercial tie-up with its would-be owner. “This resolution paves the way for a close and mutually beneficial partnership between (CLX) and (CLX)’s future Chinese investor.”

The 35% stake was originally held by Qatar Airways (QTA), but (QTA) sold the shares back to the Luxembourg government in late 2012 after disagreements over strategy. In September, the government said four bidders were in contention for the 35% stake, although only (HNCA) was named. “This transaction will enable (CLX) to be well positioned to profit from the trade movements generated by one of the world’s most dynamic and fastest developing economies and a province with an accelerating domestic appetite for goods transported by air,” (CLX) Chairman, Paul Helminger said.

(CLX) employs 16,000 people and (CLX)’s union (OGB-L) has reacted cautiously to the deal. It raised concerns about a foreign company having “blocking minority,” via a stake in excess of >33%, and pushed for reassurances about employment and the state’s continued participation as a (CLX) shareholder.

Luxembourg Minister for Sustainable Development, Francois Bausch allayed some of the union worries during a meeting December 6. (OGB-L) said the state plans to acquire 8.41% of (CLX) that is currently held by Luxair (LUX), and possibly increase this to 10%, maintaining a state interest in (CLX).

Bausch also gave reassurances about Luxembourg job security as (CLX) moves to a dual hub strategy in Luxembourg and Zhengzhou, China. “The previous government repeatedly refused to give us this in writing,” the union said.

However, after a follow-up meeting, the union cautioned on plans to sell the whole 35% stake to (HNCA). “The (OGBL) condemns the fact that with a 35% stake, the new shareholder will once again have a blocking minority, which means it will be able to substantially influence the commercial strategy of Cargolux (CLX).”

The deal still needs to be approved by Chinese authorities. Local media report it should be finalized between January 9 and 15.

January 2014: Luxembourg's Ministry of Sustainable Development & Infrastructure signed a contract with Henan Civil Aviation Development & Investment (HNCA) on January 14, 2014 for the acquisition of the Luxembourg Government's 35% stake in Cargolux (CLX) for US$120 million.

The agreement includes development of a dual-hub strategy at Luxembourg Airport and Zhengzhou Airport, under which the airline will initially operate four times weekly, Luxembourg - Zhengzhou service. (HNCA) will provide a US$15 million fund for the development of the strategy. (HNCA) will also participate in a capital increase planned for spring 2014, expected to raise up to US$175 million.

February 2014: Cargolux (CLX) has ordered an additional 747-8F freighter. The order, valued at $357.5 million at current list prices, is the 14th 747-8F the Luxembourg-based cargo carrier has ordered from Boeing.

(CLX) (CEO), Richard Forson said, “The Cargolux (CLX) board of directors approved the order of our 14th 747-8F freighter almost 35 years to the day that (CLX) took delivery of its first 747 freighter ever.”

April 2014: Cargolux Airlines International (CLX) has placed a new share offering of $175 million to bolster its finances and help its future expansion. The shares were taken up by existing shareholders.

“The share capital increase is another important milestone in securing our growth plans and the expansion of the Cargolux (CLX) fleet,” President & (CEO), Dirk Reich said. “It significantly improves our resilience against any future industry downturns and strengthens our balance sheet.”

The $175 million will be used primarily to fund the cargo specialist’s future growth strategy, in particular its fleet renewal and expansion program.

Cargolux (CLX) is due to take delivery of +5 more Boeing 747-8F freighters by the end of 2017. These will be used to expand (CLX)’s global network and strengthen its market position.

(CLX) also announced the closing of a 35% share sale transaction between the Luxembourg government and Henan Civil Aviation and Investment (HNCA) of China. The 35% stake sold to (HNCA) was formerly held by Qatar Airways (QTA), which had a short-lived involvement with Cargolux (CLX), but sold its stake back to the Luxembourg government following a disagreement on the future direction of the freight carrier. Trade unions were opposed to apparent plans for the Middle East carrier to take a larger stake in the company.

This new share transaction means (HNCA), a state-owned company based in the central province of Henan, becomes Cargolux (CLX)’s second-largest shareholder. Other shareholders are: Luxair (LUX) (35.10%), two Luxemburg banks, (BCEE) (10.91%) and (SNCI) (10.67%); and the Grand-Duchy of Luxembourg (8.32%).

Cargolux (CLX) recently signed a commercial cooperation agreement with (HNCA). At the time, (CLX) Cargolux board Chairman, Paul Helminger said the deal “will enable Cargolux (CLX) to be well positioned to profit from the trade movements generated by one of the world’s most dynamic and fastest developing economies and a province with an accelerating domestic appetite for goods transported by air.”

As part of this agreement, (CLX) inaugurated scheduled services between Luxembourg and Zhengzhou, the capital of Henan. Zhengzhou’s Xingzhen International Airport is being developed into a major national and international air cargo plus logistics hub, as part of China’s national development plans for its central region.

(CLX) plans to operate at least four weekly flights to Zhengzhou.

May 2014: Cargolux (CLX) reported a 2013 annual net profit of +$8.4 million, reversed from a -$35.1 million net loss in the year-ago period. “We don’t expect market conditions to improve significantly in 2014,” President & (CEO), Dirk Reich said. (CLX) attributed the “high amount of operational activity” for the results. Reich said he is confident “in our ability to reap the first tangible rewards from the cooperation with our new shareholder, Henan Civil Aviation & Investment of China (HNCA).”

(CLX) said, despite difficult trading conditions, (CLX) grew its activities and increased volumes in a bid to maximize contribution to fixed costs. It recorded a tonnage of 753,848 tonnes, up +16.7% compared to the year before, exceeding the 2013 budget by +13.5%.

Full-year revenue rose +14.4% to $1.98 billion, while (FTK)s increased +18.6% to 5.7 million. Load factor was 67.7% LF, down -0.9 point year-over-year.

In April, Cargolux (CLX) placed a new share offering of $175 million to bolster its finances and help its future expansion. The shares were taken up by existing shareholders.

(CLX) added 3 new 747-8Fs to its fleet and retained a 747-400F on a power-by-the-hour basis. The 747-400F was initially planned to exit the fleet during 2013. (CLX) also added a 747-400ERF on the same basis, which brought the fleet to 20 airplanes at the end of the year, up 4 airplanes from its original prediction.

Separately, (CLX) said Senior VP, Head of Asia-Pacific Robert Song will leave his position by mutual agreement, effective immediately. He has been in the position since March 26.

According to Cargolux (CLX), both parties are in discussions about a mutually satisfactory consultancy agreement to support the implementation of the dual hub strategy between (CLX) and the (HNCA). (CLX) promoted Kevin Shek to VP Asia-Pacific, effective immediately.

(CLX) said it expects to operate scheduled Luxembourg - Zhengzhou services from June 14. The service was originally planned for April 24, but had to be canceled to finalize regulatory requirements. The route is important for the implementation of a dual hub strategy between Cargolux (CLX) and the (HNCA), which has a 35% stake in (CLX).

Cargolux ((IATA) Code: CV, based at Luxembourg) (CLX) will transfer its London Manston operations to London Stansted after the former's management announced the facility would close on May 15, 2014. The news comes after owner Ann Gloag rejected a GBP5 million/USD8.48 million offer put forward by Connecticut-based investor, RiverOak Investment Corporation, to acquire 100% of the shares in the company owning Manston Airport.

"RiverOak has developed a long term plan to own and manage Manston as an airport in line with its investment of diversified investing in asset backed businesses. RiverOak remains committed to investing in and developing Manston as a successful diversified aviation services, cargo and potential future passenger airport facility, and values Manston as an important piece of aviation infrastructure that is very important to both Kent specifically and the United Kingdom in general," the firm said, lamenting the collapse of the deal.

The Unite trade union said the loss of -140 jobs was unacceptable, lambasting Gloag and her team for pressing ahead with closure despite a viable offer to buy the airport. “We are shocked and very angry. We can’t believe that the owners of Manston have rejected a viable offer to buy the airport, which would leave the owners in profit. We believe Manston should continue as a viable airport. It is vital to the local economy in terms of employment and economic growth in Kent," it said.

In late March, airport management announced the facility was generating over GBP10'000 per day in losses. As a result of the uncertainty, operators such as (KLM) cityhopper ((IATA) Code: WA, based at Amsterdam) (AUK) and Saudia ((IATA) Code: SV, based at Jeddah) (SVA) subsidiary, Saudia Cargo, terminated their services to the airport.

June 2014: Cargolux (CLX) added one flight for a total of 3x-weekly on Hong Kong - Columbus (LCK) Boeing 747-8F service. (CLX) started scheduled services to Zhengzhou, China on June 24th, two months later than the flights original launch date in April.

July 2014: Jeppesen has teamed with Cargolux Airlines (CLX) to replace paper operations manuals, airport terminal charts and performance charts on Boeing 747-400Fs and 747-8Fs, by integrating Jeppesen electronic flight bag (EFB) software and data used with Boeing (TBC) (EFB) hardware.

September 2014: Cargolux (CLX) is considering launching a new Chinese-based subsidiary. With the country's rapidly rising volume of e-commerce freight as an enticing prospect, (CLX) is also looking at utilizing existing bellyhold space on domestic Chinese carriers as an alternative.

The (LCGB) union has called on Cargolux (CLX) pilots (FC) to work to rule in protest against plans to add a 2nd airplane to subsidiary carrier, Cargolux Italia (CXI).

(LCGB) had told its members to “strictly follow the exact terms of their collective work agreement (CWA),” effective midnight September 26. The union said its members have previously been flexible, regularly volunteering to fly on off days and work beyond the hours laid down in the (CWA). The union warned the action is likely to cause network disruption and considerable delays.

Pilots (FC) are worried about the impact of outsourcing on Luxembourg-based jobs. These concerns have been escalated by Cargolux Italia (ICV) taking an additional airplane, which will be deployed on routes that were previously flown by Cargolux (CLX).

(LCGB) has presented management with a memorandum of understanding (MOU), committing to jobs in Luxembourg across all functions. “The 100% contract compliance remains in effect until either the (MOU) is signed or until a new (CWA) is concluded,” the union said.

October 2014: SEE:
of Cargolux Airlines (CLX) taking delivery of their new 747-8R7F which gave a "Wing Wave" on takeoff from Everett, Washington, USA on its way home to Luxembourg. See the enclosed comments of those who were impressed and others who did not like it.

November 2014: A Boeing 747-8F freighter from Luxembourg Findel Airport (LUX) landed smoothly at Zhengzhou Xinzheng International Airport (CGO) in Henan. It's the 61st time that the super-jumbo freighter named "City of Zhengzhou" arrived in Zhengzhou since Cargolux Airlines International (CLX) inaugurated its flight to Zhengzhou on June 15.

The freight carried on the route between Luxembourg and Zhengzhou has exceeded >10 thousand tonnes within just 5 months, accounting for +23.4% of the cargo growth volume at (CGO) during the same period.

It's learned that Cargolux (CLX) will launch a Milan - Zhengzhou flight at the end of this year, when there will be 6 non-stop cargo flights between Zhengzhou and Europe. The full-year freight carried between Zhengzhou and Europe is expected to reach 14,000 tonnes.

Henan will further expand the "New Silk Road in the Air" next year based on the current freight growth volume, offering strong support for Cargolux (CLX) to launch charter cargo flights to Chicago and Los Angles, and increasing its weekly flights to 25 by 2016.

Besides, Henan plans to set up a joint venture (JV) cargo airline with Cargolux (CLX) next year (a local international cargo airline based in Henan, aiming at constructing a Pacific Rim freight network). It will introduce another scheduled intercontinental cargo flight apart from the Zhengzhou - Luxembourg route, which will be seamlessly connected with Cargolux (CLX)'s existing network. By then, a global cargo flight network covering Asia-Pacific, connecting Asia and America, and radiating Africa and Oceania will be formed.

January 2015: Cargolux (CLX) management continues to be stuck in difficult negotiations with Luxembourg labor unions after rejecting a collective work agreement (CWA) that expired at the end of December. Its conditions remain in place until the end of 2015.

However, management is hopeful it will resolve the stalemate with unions and reach an agreement on a new (CWA), which will lay the foundations for securing Cargolux (CLX)’s economic sustainability and survival in an increasingly difficult and competitive market environment. A new (CWA) should bring lower personnel costs (particularly crew) and improved productivity in order to increase (CLX)’s competitiveness and preserve existing jobs.

The (LCGB) union said the signatory unions have decided to go into conciliation, hoping the conciliation process would lead to a breakthrough in negotiations. If the conciliation process fails, the unions have the right to start industrial action.

The major difference between (CLX) management and the unions, lies in the scope clause, which was presented by the unions as a fundamental framework for a controlled global growth, while safeguarding jobs in Luxembourg, the (LCGB) said, adding the unions made several proposals in December that resulted in accumulated savings of up to -$42 million.

Last September, the (LCGB) union called on Cargolux (CLX) pilots (FC) to work to rule in protest against plans to add a 2nd airplane to its subsidiary, Cargolux Italia (ICV).

February 2015: Aviaso fuel-conservation software will be implemented by Germanwings (RFG) and Cargolux (CLX).

March 2015: Cargolux Airlines (CLX) has taken delivery of its 30th Boeing 747F freighter. To mark the occasion, (CLX)’s latest 747-8F carries a special decal of the “Father of the Boeing 747,” Joe Sutter, the Boeing Engineering Program Head, who led the team that designed the airplane. (CLX) currently has 2 unfilled orders for 747-8F, with the all-Boeing carrier operating a fleet composed entirely of 747-400Fs and 747-8Fs.

April 2015: Cargolux (CLX) plans to transfer a second Boeing 747F freighter to its subsidiary, Cargolux Italia (ICV), again stirring up fears of social dumping. Trade union (LCGB) has been stuck in difficult negotiations with (CLX) over this issue for nearly 2 years.

In September 2014, the (LCGB) union called on (CLX) pilots (FC) to work to rule in protest against plans to add a second airplane to (ICV).

Fears of social dumping have brought labor negotiations with (LCGB) to a halt, creating what the union calls a breach of negotiations for a new collective work agreement due to limiting the number of airplanes for Cargolux Italia (ICV) and the related impact on jobs.

(LCGB) said it has offered concessions during the negotiations and has contacted the National Conciliation Office (ONC) with a request to take up the conciliation process again.

In earlier statements, (CLX) management said a solution with the union builds a foundation for securing (CLX)’s economic sustainability and survival in an increasingly difficult and competitive market environment.

(LCGB) said the situation is “incomprehensible” since it submitted a concept that involves considerable savings and could avoid airplane transfer to Italy.

May 2015: Cargolux (CLX) has reported a 2014 profit of +$3 million, down -64% from +$8.4 million in 2013, despite a $40 million impairment on its Boeing 747-400F fleet and a provision for any potential anti-trust impact. “While the industry continued to suffer from overcapacity and noticeable pressure on yields, (CLX) benefited from a very strong last quarter in 2014. Combined with a rapidly declining oil price, (CLX) achieved record levels of block hours and tonnages while enjoying a welcome increase in yields.”

Full-year revenue rose +10.1% to $ 2.1 billion and (FTK)s grew +11.2% to 6.36 billion, producing a load factor of 66.9% LF. The company sold 828,658 tons of freight, up +9.9% compared to the year-ago period.

(CLX) said it had a global market share of 3.7% in 2014 and ranked seventh among the world’s cargo carriers. (CLX) President & (CEO), Dirk Reich said, “We have grown our market share in all areas and achieved a net profit (a strong signal that our strategy bears fruit and we are on the right track). Cargolux (CLX) has done its homework and will continue to do so to remain sustainable.”

At the end of 2014, (CLX) operated 11 Boeing 747-8Fs and 11 747-400Fs. The fleet flew a record number of 95,522 block hours on 19,195 network sectors.

In April 2014, (CLX) closed a 35% share sale transaction between the Luxembourg government and Henan Civil Aviation and Investment (HNCA) of China.

(CLX) said it will now develop Zhengzhou, China, as a major cargo hub. Flights began in June 2014 and (CLX) built up its frequencies to 5x-weekly from Luxembourg to Zhengzhou. As of December 31, total tonnage carried exceeded >15,000 tons on this route.

Cargolux (CLX) has joined other freight and passenger carriers to temporarily impose a ban on the transport of lithium ion battery bulk shipments beginning May 1, following new information released by the (FAA), Boeing (TBC) and (ICAO) on the effectiveness of on board fire extinguishing systems.

This ban does not apply to lithium ion batteries packed with or contained in items such as laptop computers and cell phones.

To lift the ban as soon as possible, Cargolux (CLX) will assess different options to identify if technology exists or if new technology can be developed to make transporting bulk shipments of lithium batteries safe.

747-4EVF (35171, LX-JCV), ex-(N558CL), delivery.

June 2015: Cargolux (CLX) has commenced scheduled trans-Pacific flights linking its Chinese hub Zhengzhou with Chicago O'Hare. The route, launched in April, operates twice-weekly using 747-8F airplanes.

“This new Trans-Pacific service from Zhengzhou is a milestone in the development of our Chinese operations and the cooperation with our partner (HNCA),” said Dirk Reich (CLX) President & (CEO). "Linking Zhengzhou to the Chicago market and beyond offers unique opportunities for shippers and manufacturers on both sides of the Pacific and we can happily say that the Cargolux (CLX) service has been warmly welcomed by our customers in China and the USA.”

Zhengzhou is home to the Henan Civil Aviation Development & Investment Company (HNCA) which acquired a 35% stake in the cargo specialist for USD231 million in late 2013.

July 2015: Following months of negotiations, Cargolux (CLX) has agreed to cap Cargolux Italia (ICV)’s fleet as one of the foundations for a new 3-year labor accord.

“The management of (CLX) has reached an agreement on the main points of a new collective work agreement, covering a period of 3 years, effective October 2015,” (CLX) said, adding that it hopes to finalize the deal on September 16.

The declaration of intent marks a breakthrough in talks between (CLX) and the (OGBL) union that started in September 2014. Under the tentative pact, (CLX) has negotiated a number of measures to make its business more flexible and competitive. This includes “significantly more” part-time contracts, changes to working patterns and adjusted pay scales for new staff. However, it also agreed to cap the number of airplanes at Cargolux Italia (ICV), create a profit share scheme and abandoned plans for a “time unit freeze”.

The deal with the (OGBL) came hours after tensions between (CLX) and Luxembourg’s (LCGB) union erupted into a 24-hour warning strike on Thursday. The (LCGB) has accused (CLX) of safety shortcomings, an allegation that (CLX) has strongly denied.

October 2015: Cargolux (CLX) celebrated its 45th Anniversary with the arrival of its 13th Boeing 747-8F (1522-61169, LX-VCM).

November 2015: News Item A-1: Cargolux Airlines (CLX) and its (OGBL) and (LCGB) trade unions (which represent 750 (MT) ground staff) have reached a principle agreement in the latest round of negotiations. The current collective agreement, which was canceled by (CLX) management at the end of last year, is set to expire December 1.

(CLX) said discussions with pilots (FC) (represented by the (LCGB)) are continuing and another meeting is set to take place November 30, when the current work agreement (CWA) expires.

(CLX) has already stated it will continue to honor the conditions of the current (CWA) with respect to current ground staff and for existing pilots (FC), only implementing changes relating to flight time limitations resulting from new European regulations.

(CLX) said it “remains committed to finding a solution that enables business growth and job security in Luxembourg.”

Pilots (FC) are worried about the impact of outsourcing on Luxembourg-based jobs. In September 2014, these concerns were escalated by Cargolux Italia (ICV) taking an additional airplane, which will be deployed on routes previously flown by Cargolux (CLX).

The (LCGB) said it had a clear mandate from its members for industrial action, if necessary. The union density in Luxembourg is relatively high, at around 40% of the workforce. There are in general, some 150,000 trade unionists in Luxembourg, according to union figures.

December 2015: News Item A-1: "Cargolux (CLX), Pilot (FC) Talks Going in ‘Right Direction’" by (ATW) Kurt Hofmann, December 3, 2015.

Luxembourg-based Cargolux (CLX) pilots (FC), represented by the (ALPL) and the (LCGB) unions, said that latest negotiations have shown signs of positive developments. However, (ALPL) Executive Secretary, Dirk Becker said that even though the talks are going “in the right direction,” there are still some unclear points to be worked out.

Cargolux (CLX) management and its trade unions (OGBL) and (LCGB) announced earlier this week that it had achieved a “major breakthrough” in negotiations on a new collective work agreement (CWA) for airline staff, on crew-related items, and clears the road to financial sustainability, securing sustainable growth and prosperity at Cargolux (CLX).

(CLX) said that all parties agreed to invest in an additional 100 pilot (FC) jobs at its Luxembourg base and new airplanes. “We welcome the latest outcome and the process is moving in the right direction,” Becker said, pointing out there are still some unclear points in the new framework, especially the fear of social dumping is still present Cargolux Italia (ICV). “In this case we see still some problems,” he warned.

In a vote earlier this month, 94% of pilots (FC) approved industrial action and this option “is still in the room,” according to Becker, who added that he hopes further negotiations with management will be held soon. “It is disappointing to see that this good process happened very late after the current collective agreement had already expired [November 30]. Discussions on a new labor contract have been ongoing since September 2014, Becker said.

A new (CWA) would boost (CLX)’s leading market position in Europe, coupled with its growth in Asia through the implementation of the Luxembourg - Zhengzhou dual hub strategy.

News Item A-2: Later in the month, however, Cargolux (CLX) and its pilot (FC) unions (the (ALPL) and the (LCGB)) failed again to negotiate a new collective work agreement (CWA).

(CLX) said the union unexpectedly declared the negotiations a failure after management was not prepared to accept union demands. The parties had reportedly reached a principle agreement earlier on the main terms, and the final wording hinged solely on items relating to pilots (FC).

According to an (LCGB) statement, the talks failed because “management was unwilling to transpose the principles agreed upon the previous week into the text of the new collective work agreement.”

(ALPL) Executive Secretary, said: “The decision to end talks was not easy for us. To be clear, we don’t want new additional requirements. We just want to have a (CWA) where both sides will be satisfied.” He added there had been several strategic points that were negotiated as principle (such as job security and limiting the size of Cargolux Italia (ICV) to avoid the fear of social dumping).

In a November vote, 94% of pilots (FC) approved industrial action. Now the option for strikes is once again on the table, Becker said, adding there is no time frame set for further negotiations with management.

News Item A-3: "Cargolux (CLX), Pilots (FC) Reach an Agreement" by
(ATW) Kurt Hofmann, December 16, 2015.

Cargolux (CLX) and its pilot (FC) unions have reached an agreement on a new labor contract. (CLX) said: “After repeated meetings in the last 24 hours, an amicable agreement on the new collective work agreement (CWA) for the staff of (CLX) was finally achieved between all concerned parties ((CLX) management and unions (OGB-L), (CLSC) and (LCGB). The new (CWA) will be valid for three years.”

(ALPL) Executive Secretary, Dirk Becker said that close and intense negotiations with the management finally led to a solution where all parties can be satisfied and industrial action can be avoided. In a November vote, 94% of pilots (FC) approved industrial action.

One of several points in the agreement is to limit the size of Cargolux Italia (ICV) to 4 airplanes to avoid the fear of social dumping. (LCGB) said this secures jobs in Luxemburg.

According to the statement, 100 new pilot (FC) positions will be added, which also secures that (CLX) maintenance work can remain in Luxembourg. Profit-sharing for all employees is also included in the agreement.

(CLX) President & (CEO), Dirk Reich said, “With the agreement, we achieve a significant improvement in the flexibility and economic efficiency of (CLX) and send a strong signal for the job security at Cargolux and increased competitiveness of Luxembourg as a leading logistic hub in Europe.”

The old collective agreement, which was canceled by Cargolux (CLX) management at the end of last year, had expired on December 1.

In November, (CLX) reached an agreement with 750 ground staff (MT).

January 2016: "Cargolux Finalizes China Joint Venture (JV), Eyes Transpacific Services" by (ATW) Kurt Hofmann, January 21, 2016.

Luxemburg-based Cargolux (CLX) has finalized a shareholder agreement and approved a $77 million investment for a new cargo joint venture (JV), Cargolux China.

The investment represents a 35% share in the new Zhengzhou-based carrier, which is expected to begin operations in 2017.

Other shareholders include Henan Civil Aviation Development and Investment Company (HNCA), holding 49%; Xin Gang Investment & Development of Zhengzhou Airport Comprehensive Economic Experimental Zone with an 8% stake; and the Henan Airport Group, which holds the remaining 8%.

Cargolux China is expected to focus on transpacific and intra-Asian routes. Its fleet is planned to grow to 5 Boeing 747-400F/-8Fs within the 1st 3 years of operation.

The Cargolux Group operates a mix of 25 Boeing 747-400F/747-8Fs, including 4 operating for Cargolux Italia (ICV). With the China (JV), the fleet will expand to 30 airplanes by 2017.

The (JV) is part of a 2013 commercial agreement, in which (HNCA) took 35% ownership in Cargolux (CLX). The 35% stake was originally held by Qatar Airways (QTA), but the Gulf carrier sold the shares back to the Luxembourg government in late 2012 after strategy disagreements.

(HNCA) is concentrating on the development of the civil aviation industry, the construction of the 160 sq mile Zhengzhou Airport Economy Zone. Zhengzhou Airport ranks among the largest economic zones in Central China, one of the fastest growing cargo airports in China and designated as 1 of 8 national Category 1 airports in the country.

The airport’s master plan through 2040 foresees 5 runways, 1 of which will be solely dedicated to cargo flights, 4 passenger terminals and expanded cargo facilities. Cargo capacity is planned to reach >3 million tons annually, while passenger capacity will grow to 70 million annually.

In a separate statement, Cargolux (CLX) said that up to and including November 2015, it reached a global market share of 3.8%.

August 2016: Cargolux (CLX) appointed Claude Zehren as Executive VP Flight Operations.

October 2016: Cargolux (CLX) took early delivery of its 14th 747-8R7F (38076) originally scheduled for 2017; it now has 26 747Fs.

March 2017: News Item A-1: "European Commission (EC) Re-imposes Cargo Cartel Penalties" by Alan Dron alandron@adepteditorial.com, March 17, 2017.

The European Commission (EC) has reinstated fines totaling €776 million/$834 million on 11 airlines for operating a price-fixing cartel on air freight from 1999 to 2006. More legal hearings are likely, as at least 1 of the carriers immediately said it would appeal the decision.

The (EC) originally imposed the penalties in November 2010, but these were annulled by a decision of the European Union’s (EU) General Court in December 2015 on procedural grounds, which ruled there was a technical discrepancy in the prosecution. In a March 17 announcement, the (EC) said it had resolved the discrepancy and was re-imposing the financial penalties on 11 air cargo carriers: Air Canada (ACN), Air France (AFA)/(KLM), British Airways (BAB), Luxembourg-based Cargolux (CLX), Hong Kong flag carrier Cathay Pacific Airways (CAT), Japan Airlines (JAL)/(JSA), (LAN) Chile, Dutch cargo carrier Martinair (MTH), Australia's Qantas (QAN), (SAS) Scandinavian Airlines and Singapore Airlines (SIA).

The (EC) said that a 12th member of the cartel, Lufthansa (DLH) and its subsidiary Swiss International Air Lines (CSR), was spared from the financial penalties after it applied for immunity in 2005 and revealed details of the alleged arrangements between the airlines.

These were said to consist of collusion between the airlines at both bilateral and multilateral levels to fix the level of fuel and security surcharges on cargo. After the initial verdict, all the airlines except Qantas (QAN) appealed. The financial penalty thus became final for QAN). Millions of businesses depend on air cargo services, which carry >20% of all (EU) imports and nearly 30% of (EU) exports,” (EC) Commissioner Competition Policy Margrethe Vestager said. “Working together in a cartel rather than competing to offer better services to customers does not fly with the (EC). Today’s decision ensures that companies that were part of the air cargo cartel are sanctioned for their behavior.”

The (EU) can fine companies participating in cartels up to 10% of their revenue in the year preceding the adoption of a verdict. (SAS) immediately said it would appeal. “We strongly question the European Commission’s move to re-impose a decision that has already been annulled once by the [General Court],” (SAS) General Counsel Marie Wohlfahrt said. “Throughout the entire process, (SAS) has cooperated with the (EC) and, for >11 years, has argued against the (EC)’s perception that (SAS) Cargo had participated in a global cartel.”

Nevertheless, the fine would be recognized as a nonrecurring expense by (SAS) in its earnings for (2Q) 2016/2017. Air France (AFA) - (KLM), which will be fined €325 million if the penalties become final, said it would analyze the new decision and whether to appeal it again at the General Court. It added that the fines had been covered in its financial accounts since 2010.

May 2017: News Item A-1: The Cargolux Group reported a 2016 net profit of +$5.5 million, down -89% from net profit of +$49 million in 2015.

CargoLux (CLX) said even though the year was dominated by low yields, fierce competition and overcapacity in the air cargo industry, it experienced a robust 4th quarter. In November 2016 alone, (CLX) said it registered >12,000 block hours flown and >96,000 tons sold.

During that month, (CLX) said it also achieved a near record-high daily aircraft utilization with “16.74 block hours per day, 2nd only to November 2013, when (CLX) freighters flew an average of 16:85 hours per day,” (CLX) said.

The Cargolux Group carried 964,131 tonnes of freight in 2016, up from 889,652 in 2015. The available tonne kms increased to 11.3 million, overall load factor reached 66.8% LF up from 65.9% LF year-over-year.

(CLX) operates 14 Boeing 747-8R7F freighters and 12 Boeing 747-400F/BCFs.

The average daily aircraft utilization of the combined 747-400F/747-8R7F fleet in 2016 stood at 14:35 hours, excluding the Power by the Hour 747s.

News Item A-2: Luxembourg all-freight operator Cargolux (CLX) and Dubai-based Emirates SkyCargo (EMC) have signed a memorandum of understanding (MOU), paving the way for a strategic cargo partnership.

The partners said the agreement, which was signed at the Air Cargo Europe event in Munich, is the 1st of its kind in the air cargo industry between a mainline airline and a specialized freighter operator.

Under the cooperation, Emirates SkyCargo (EMC) will use (CLX)’s nose-loading Boeing 747F freighters for heavy and outsized cargo, complementing its own fleet of 13 777Fs and 2 747-400ERFs

The 2 carriers will also “further develop” block space and interline agreements on each other’s networks. “(CLX) will have access to Emirates SkyCargo’s high frequency distribution network through the bellyhold of passenger flights to >150 global destinations in 83 countries, while Emirates will have access to main deck 747 capacity on (CLX)’s network,” the partners said.

Emirates SkyCargo (EMC) will launch freighter operations to Luxembourg from June, while Cargolux (CLX) will step up its Dubai World Central (DWC) frequencies from 3x-weekly.

Both airlines’ cargo will be handled at the same facility in Luxembourg and (CLX) will be handled by Emirates SkyCargo at (DWC). "Emirates SkyCargo is an important player in the industry, as (CLX) is, and our supplementary capabilities allow us to develop service offerings that both of us could not provide on our own,” (CLX) President & (CEO) Richard Forson said.

August 2017: 14 racehorses bred in Hungary were flown to China last week, on board a Cargolux (CLX) Boeing 747. The Friesian and Shagya Arabian horses, trained specifically for combined driving, took off from Budapest Airport in special freight containers, accompanied by a team of carers and vets, on their way to a new owner, via Luxembourg.

>12 Hungarian racehorses were waiting to board in a ground handler's warehouse at Budapest Airport, in special freight containers, prepared with great care for the long journey to Beijing and then to Wuhan. They were placed in the cargo hold of (CLX)'s modern Boeing 747-8F; animals of this size can only be transported by air over such long distances, and only on board large aircraft types. From the Hungarian capital, they 1st made their way to Luxembourg, where they were prepared for the 12-hour flight to Beijing at (CLX)'s live animal station.

According to Hungarian equestrian website lovasok.hu, since the 2008 Olympics and the economic upturn, horseback riding has become increasingly popular in China, with more than half a million people riding on a regular basis per year. Demand for the sport, breading horses, and the market for importing horses are growing dynamically. Hungary received the required permit for the aerial transportation of horses at the beginning of 2016, and this was the 1st live horse shipment from Budapest Airport to China.

Chris Nielen, VP Sales for Cargolux Airlines (CLX), commented: "The transport of animals is an important part of our core activities. We have an unparalleled expertise and a team of highly qualified professionals to ensure the welfare of the horses. We invested in new horse stalls that guarantee the wellbeing of the animals and a state-of-the-art of transport."

Denes Szigeti, Air Freight Manager Hungary for Hellmann Worldwide Logistics, which organised the transportation of the 14 horses, said: "These were unforgettable moments in our company's life and we are really proud of this success story. We were making history; no forwarder has ever transported horses from Budapest Airport to China directly by regular flight. Our whole special live animal team was working on this transportation project side by side which was a great success. Special thanks to the Hungarian live animal team for their dedication and hard work and also special thanks to all of the involved parties who helped us. Our dream has come true."

Budapest Airport handled >72,000 tonnes of cargo in the 1st half of the year, an increase of nearly 20% compared to 2016.

Rene Droese, Property and Cargo Director for Budapest Airport said: "Given the growth in live animal exports, Budapest Airport plans to build facilities dedicated specifically for animals in the new cargo base to be constructed over the coming years. Thus, in a few years' time, it will be possible to fly almost any animal requiring special treatment or care from Budapest Airport, to any part of the world."

Budapest Airport is transforming its cargo facilities as part of its EUR160 million/HUF50 billion BUD:2020 Development Program, which includes 2 recently opened state-of-the-art integrator buildings, and a dedicated freight centre called Cargo City, due to be completed in 2019.

Fleet:
(definitions)

Click below for photos:
CLX-747-428F
CLX-747-4R7F
CLX-747 DATA
CLX-747-400F
CLX-747-8F - 2009-12
CLX-747-8F - 2010-07
CLX-747-8F - 2010-07-A
CLX-747-8F - 2015-10.jpg
CLX-747-8F - 2015-12.jpg

November 2017:

0 747-212F (JT9D-7R4), EX-(SIA)/(SAA), RTND (GRB) LST (NWA).

0 747-228F (JT9D-7) (245-20887, /74 N809MC), (TLS) 3 YR LSD,
EX-(CLX). RTND. FREIGHTER.

1 747-4B5BCF (748-24200, LX-ACV), EX-(N794BA) 2011-01.

1 747-4EVF (35171, LX-JCV), EX-(N558CL) 2015-05. FREIGHTER.

1 747-4R7F (SCD) (CF6-80C2B1F) (25848, LX-KCV "LOMBARDIA"), OPS FOR (CLX) ITALIA. FREIGHTER.

4 747-4R7F (SCD) (CF6-80C2B1F) (1002-25866, /93 LX-FCV "CITY OF LUXEMBOURG;" 1008-25867, /93 LX-GCV "CITY OF ESCH/ALZETTE;" 1968-25632, /93 LX-ICV "CITY OF ETTLEBRUCK;" 1125-25868, /97 LX-KCV "CITY OF DUDELANGE;" 1139-29053, /97 LX-LCV "CITY OF GREVENMACHER"). 2 FOR SALE 7/06. 25866; ST (UPS) 2009-09. FREIGHTER.

11 747-4R7F (SCD) (RB211-524G/H-T) (1189-29729, /98 LX-MCV "CITY OF ECHTERNACH;" 1203-29730, /99 LX-NCV "CITY OF VIANDEN;" 1222-29731, /99 LX-OCV "CITY OF DIFFERDANGE;" 1231-29732, /99 LX-PCV "CITY OF DIEKIRCH;" (1235-30400, /99 LX-RCV "SPIRIT OF SCHENGEN;" 1281-29733, /01 LX-SCV "CITY OF NIEDERANVEN;" 1311-30401, /02 LX-TCV "CITY OF SANDWEILER;" 33827, 4/04 LX-UCV "CITY OF BERTRANGE;" 1366-34235, LX-VCV "CITY OF WALFERDANGE" 2005-11; 1390-35804, LX-WCV, 2007-08, 35805, LX-YCV, "MONTE ROSA"). 29732; WET-LST (AZQ) 2009-11. 29729; 29730; WET-LST SILK WAY (AZQ) 2009-12. 29729; ST (AZQ) 2010-10. FREIGHTER.

0 ORDER 747-400F, EX-(AAR), BF (SIL). CANCELED.

0 747-47UF (1184-29255, /98 N494MC), (TLS) WET-LSD 1999-09. RTND.
FREIGHTER.

1 747-412SF (PW4056) (940-27066, /92 TF-AMI), EX-(SIA) 3/05. CONV TO F BY (IAI) IN 2006. (AID) LSD 2006-11. FREIGHTER.

1 747-481SF (24801, LX-ZCV), (AFA) LSD 2010-04. EX-(F-GISF). FREIGHTER.

14 +2/10 ORDERS 747-8R7F (GEnx-2B67) (35806, /11 LX-VCB; 35809, LV-VCD; 38076, 2016-10; 1522-61169, /15 LX-VCM) - - SEE ATTACHED PHOTO - - "CLX-747-8F 2009-12," FREIGHTER.

0 A300-600F. RTND.

Management:
(definitions)

Click below for photos:
CLX-1-Richard Forson - 1L - 2017-05.jpg
CLX-1-Ulrich Ogiermann - 2007-11
CLX-3-Robert van de Weg-2008-11

PAUL HELMINGER, CHAIRMAN

RICHARD FORSON, PRESIDENT & CHIEF EXECUTIVE OFFICER (CEO) (2017-05).
Richard was previously assigned as Cargolux (CLX)'s Chief Financial Officer (CFO) in 2012-02, and had previously worked for Qatar Airways (QTA) and FlySafair (SFA).

DIRK REICH, PRESIDENT & CHIEF EXECUTIVE OFFICER (CEO), RESIGNED (2017-04).

CLAUDE ZEHREN, EXECUTIVE VP FLIGHT OPERATIONS (2016-08).

CAPTAIN EYJOLFUR HAUKSSON, SENIOR VP FLIGHT OPERATIONS (LUXOZCV) (ehauksson@cargolux.com).

CAPTAIN JIM LAWRENCE, CHIEF PILOT.

MATTIAS PAK, GROUP SAFETY OFFICER.

CAPTAIN DAVID MARTIN, FLIGHT SAFETY OFFICER (LUXOTCV)
(dmartin@cargolux.com).

JEAN-CLAUDE SCHMITZ, SENIOR VP MAINTENANCE & ENGINEERING,
(jcschmitz@cargolux.lu) (LUXMZCV).

ROBERT VAN DE WEG, SENIOR VP SALES MARKETING & GROUND SERVICES.

ALEX WECKER, VP PLANNING & TECHNICAL CONTRACTS.

GRAHAM HURST, VP FLIGHT OPERATIONS & CREW ADMINISTRATION (ghurst@cargolux.com).

JOHN JOHNSTON, VP INFORMATION SYSTEMS & COMMUNICATIONS.

HENRIK AMBAK, VP INFORMATION TECHNOLOGY (IT).

KEVIN SHEK, VP ASIA-PACIFIC.

MARC HAMEL, VP FINANCIAL STRATEGY.

YVES GOELDI, VP HUMAN RESOURCES (HR).

IAN MORGAN, VP NORTH AMERICA.

GUY THOMMES, VP ROUTE PLANNING.

PIERRE WESNER, VP SALE & MARKETING EUROPE, MIDDLE EAST & AFRICA.

LUCIEN SCHUMMER, VP STRATEGY & ALLIANCES.

CHRIS NIELEN, VP SALES.

SIGURDUR JONSSON, DIRECTOR MAINTENANCE & PRODUCTION ("SIGGI") (2001-03).

MARC SCHONCKERT, COMMUNICATIONS DIRECTOR.

FREDDY VERCRUYSSE, DIRECTOR INFORMATION SYSTEMS & COMMUNICATIONS.

ASMUNDUR GARDARSSON, DIRECTOR TECHNICAL DEVELOPMENT ("AUSSI") (2001-03).

BERNARD SCHNEBELEN, DIRECTOR ENGINEERING & QUALITY CONTROL (2001-03).

EMIL ANDREJKO, MANAGER QUALITY CONTROL (QC) (2001-03).

ANDREW CANNEY, MANAGER MAINTENANCE, EX-(NWA) (2000-07).

GYLFI TRYGGVASON, MANAGER HANGAR PRODUCTION (1998-01).

TAPIO JUSSILA, MANAGER PRODUCTION PLANNING (1998-01).

N GUNERATNAM, MANAGER ENGINEERING (2000-04).

 
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