Cargolux in need of cash

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By Gavin van Marle

26/02/2015

It just never seems to end for Luxembourg’s embattled all-cargo airline, does it? According to CargoForwarder, meetings between Cargolux management and its unions reveal that the carrier is in need of a $100m cash injection each year. A plan to outsource three of its freighters to Cargolux Italia would have lightened the load on its balance sheet, but has been utterly rejected by unions. Difficult to see where it goes next after the Qatar episode and its new life with HNCA.

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The Cargolux chronicles Cargolux Cargolux China Henan Cargo Airlines HNCA

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