Latest news from Heavy Lift & Project Forwarding International Magazine

Cargolux flies high in 2018

For the second year running, Cargolux has reported an increase in net profit after tax, despite softening demand for its services in the second half of 2018.

Net profit after tax for 2018 totalled USD211.2 million, a significant increase on 2017’s results, which stood at USD122.3 million.


Cargolux added that 2018 presented many challenges, including a shorter peak period compared to 2017, uncertainty regarding potential trade wards and Brexit, as well as geopolitical unrest. Despite this, the airline’s aircraft utilisation rate remained stable.


Richard Forson, Cargolux president and ceo, noted: “Strong focus on the management of our capacity and yields, increased demand for specialised shipments, a record year for our charter division and the diversification into offering aircraft, crew, maintenance, and insurance (ACMI) solutions all contributed to the performance achieved.”


www.cargolux.com

Heavy Lift | News

ACS delivers in Japan thumbnail image

ACS delivers in Japan

August 20 - Air Charter Service (ACS) has coordinated the shipment of a 35-tonne flight simulator from Texas to Japan using a Boeing 747.
Views: 445
Chapman Freeborn and Maximus Air team up thumbnail image

Chapman Freeborn and Maximus Air team up

August 19 - Chapman Freeborn Airchartering and Maximus Air Cargo have transported a magnetic resonance imaging (MRI) machine to Addu Atoll in the Maldives.
Views: 470
Air Partner flies aid to Juba thumbnail image

Air Partner flies aid to Juba

August 14 - Over the course of three weeks, Air Partner chartered 18 flights from the USA to deliver more than 400 tonnes of non-perishable food to Juba in South Sudan.
Views: 946
Nahas joins Silk Way Airlines USA thumbnail image

Nahas joins Silk Way Airlines USA

August 12 - Silk Way Airlines USA has appointed Fadi Nahas as the company’s vice president for the Americas region.
Views: 1095

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.