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Cargolux resolves contractual issues

October 12 - Cargolux announced today that the delivery of the first two Boeing 747-8 Freighters initially scheduled for 19 and 21 September is proceeding on 12 and 13 October 2011 following the resolution of contractual issues between Boeing, GE and Carg

In its meeting on 7 October, the Cargolux Board of Directors appreciated that the negotiation team Akbar al Baker (director), Frank Reimen (president and chief executive officer)) and David Arendt (executive vice president and chief financial officer) and company management took the appropriate actions to ensure that the 747-8 entry into service issues be resolved successfully.

Reimen said: "I am pleased that we have reached agreement on the contractual issues. The 747-8 Freighter will be a driver of profitable growth for Cargolux", which is good news as launch customer Cargolux has 13 Boeing 747-8 Freighter aircraft on firm order.

As an enhanced variant of the 747-400 cargo aircraft, the new-generation 747-8 Freighter offers a variety of benefits over its predecessor, including additional payload, less fuel burn and carbon emissions and a considerably lower noise footprint, says Cargolux.

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