Cargolux

Cargolux Airlines International SA
IATA code :	CV
ICAO code :	CLX
Call sign :	CARGOLUX
Founding:	1970
Seat:	Sandweiler , Luxembourg
Home airport :	Luxembourg airport
Company form:	SA
IATA prefix code :	172
Management:	Richard Forson ( CEO )
Number of employees:	1,856 (2016)
Sales:	US $ 1.75 billion (2016)
Balance sheet total:	US $ 5.53 million (2016)
Freight volume:	964,131 t (2016)
Fleet size:	29
Aims:	international
Website:	www.cargolux.com

Cargolux is a Luxembourg cargo airline based in Sandweiler and based at Luxembourg Airport .

history

Douglas DC-8-63F from Cargolux in 1981

Foundation and first years

Cargolux was founded in 1970 by the Icelandic Loftleiðir , the Swedish forwarding company Salén Shipping Company and the Luxembourg company Luxair . The flight operations started with a Canadair CL-44 , the first flight led to Hong Kong . By 1972 the fleet had grown to five CL-44s. Due to the growing demand for faster transportation, the first jets went into service in 1973 with the Douglas DC-8 .

The jumbo age began at Cargolux in 1979. The first Boeing 747-200 was put into service. In November 1993, Cargolux was the first airline in the world to put the 747-400F into service. In 2005 Cargolux carried 644,613 tons of freight in international traffic . It was able to achieve sales of 1.446 billion US dollars and a profit of over 89 million US dollars.

Financial problems in 2009

For the 2009 financial year, General Director Ulrich Ogiermann expected a "three-digit million loss". Due to the losses forecast for 2009, a reorganization of the ownership structure and a capital increase of at least $ 100 million were planned. Revenue finally fell in 2009 compared to the previous year by 34 percent and was 1.3 billion US dollars; the yield decreased by 26 percent.

As announced, the shares of SAirGroup were taken over by the other shareholders, as the legal successor of the Swiss company Swissair was in bankruptcy. The Luxembourg state temporarily became a shareholder with 23 million US dollars and also granted a credit line of 100 million euros . After the restructuring, only Luxair, BIP Investment Partners , the Luxembourg savings bank Spuerkeess - BCEE, the state holding company SNCI and the investment fund Lux-Avantage remained as other owners .

On February 25, 2010 the renewal of the collective agreement was signed single-handedly by the representatives of the LCGB . Labor Minister Nicolas Schmit has not recognized the collective agreement as such. In response to pressure from the OGBL , the collective agreement was improved.

Since 2010

In June 2011 the CEO of Qatar Airways announced that he wanted to acquire 35% of Cargolux shares for 150–200 million euros . With this, Qatar Airways wanted to catch up with its competitors Etihad Airways and Lufthansa in the air freight business and at the same time expand its freight offer. On 19 and 21 September 2011 Cargolux was as a worldwide launch customer for two new cargo aircraft of type Boeing 747-8F obtained, but three days before it was canceled due to unspecified problems with Cargolux. The handover finally took place a few weeks later.

As the company announced on December 9, 2011, Ulrich Ogiermann, Special Advisor, and Robert Van de Weg, Senior Vice President Sales & Marketing, have pleaded guilty to the US authorities in anti-cartel proceedings for fixing prices.

At the beginning of 2012, Richard Forson, who had previously been Chief Financial Officer of Qatar Airways from 2003 to 2006, replaced David Arendt as Chief Financial Officer and Senior Vice President. On November 17, 2012, Qatar Airways withdrew from Cargolux, as did Albert Wildgen, Chairman of the Board of Directors.

In January 2013, the shares in Qatar Airways were taken over by the Luxembourg state and Paul Helminger was nominated as Chairman of the Board of Directors. In March 2013, Luxair announced that Cargolux was jointly responsible for the poor financial situation of the parent company through the necessary capital increase of 100 million euros. Luxair took a share of 43 million euros in line with its shares in Cargolux. Afterwards, a new strategic partner was sought, which was found in the Chinese HNCA. As of January 15, 2014, the latter took a 35% stake in Cargolux. In this agreement, a so-called “dual hub strategy” was agreed between the Luxembourg location and the Chinese Zhengzhou airport .

On February 14, 2014, Cargolux ordered an additional 747-8F from Boeing . The total number of aircraft ordered was 14.

In 2015, Cargolux generated a net profit of $ 49 million.

Destinations

Cargolux flies from Luxembourg to destinations in Africa , Asia , Europe and North , Central and South America .

fleet

Boeing 747-8F of Cargolux

As of October 2019, the Cargolux fleet consists of 29 aircraft with an average age of 11.1 years:

Aircraft type	number	ordered	Remarks
Cargo planes
Boeing 747-400F	15th		three operated for Cargolux Italia
Boeing 747-8F	14th		Cargolux is the launch customer of the 747-8F; LX-VCM in cutaway special paint
total	29

Basic data

Profit / Loss (in US $ million)

2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018
15th	49	70	83	78	83	-47	-61	-153	59	-18	-35	8th	3	49	5	122	211

Ownership structure and holdings

As of November 22, 2014, the following companies held ownership shares in Cargolux: Luxair 35.1%, Henan Civil Aviation Development and Investment (HNCA) 35%, BCEE 10.91%, SNCI 10.67%, State of Luxembourg 8.32%.

Cargolux has a 40% stake in the Italian cargo airline Cargolux Italia SpA . The aircraft stationed in Italy are included in the Fleet table . It also has a 49% stake in Champ Cargosystems SA, which is active in the IT sector. It still holds 30% of Luxfuel SA, which refueles aircraft at the Luxembourg airport.

Incidents

The incident on January 29, 2006 in Shanghai was recorded

In its history, Cargolux records an incident with the total loss of an aircraft and with fatalities:

• On December 2, 1970, a Canadair CL-44 ( aircraft registration TF-LLG ) crashed on the flight from Tehran to Dhaka shortly before landing at Dhaka-Tejgaon Airport . The cause was a locking of the Gust Lock during flight, which made it impossible to control the machine. Four people on board and three on the ground were killed in the crash (see also the Cargolux accident in 1970 ) .

Trivia

• The Cargolux air waybill numbers begin with the prefix 172 .
• Cargolux operates a flight simulator each for the Boeing 747-400F and 747-8F in Luxembourg. It also offers a training center for flight attendants where cabin fires and emergency exits can be practiced.

See also

• List of airlines

literature

• BI Hengi: Airlines Worldwide , 9th updated edition from 2018, Nara, ISBN 978-3-925671-69-2 , p. 114
• Rainer W. During: Cargolux turns 50. In: FliegerRevue , No. 5/2020, pp. 14–15

Web links

Commons : Cargolux  - collection of images, videos and audio files

• Cargolux website (English)

Individual evidence

1. ↑ cargolux.com - Corporate Governance (English), accessed on August 29, 2016
2. ↑ ^{a b c d} Key figures (English), accessed on June 5, 2017
3. ↑ Tageblatt - Cargolux flies in rich red numbers, November 25th, 2009  ( page no longer available , search in web archives )
4. ↑ Luxemburger Wort - Cargolux: Sales fell by 38 percent, April 21, 2010 ( Memento of April 26, 2010 in the Internet Archive )
5. ↑ Luxemburger Wort - State and shareholders support Cargolux, November 30, 2009 ( Memento of December 3, 2009 in the Internet Archive ), accessed on August 18, 2019
6. ↑ Tageblatt - Cargolux se récapitalize, November 30, 2009  ( page no longer available , search in web archives ) (French)
7. ↑ RTL - Cargolux: Aarbechtsminister accepts collective agreement net, March 9, 2010 ( Memento of March 11, 2010 in the Internet Archive ) (Luxembourgish)
8. ↑ obgl.lu - OGBL saves a premium of 2.75 monthly wages, March 5, 2010  ( page no longer available , search in web archives ) (PDF file)
9. ↑ airliners.de - Qatar Airways before Cargolux boarding, June 8, 2011
10. ↑ flightglobal.com - Cargolux has informed Boeing it will not take delivery of the 747-8F Monday, September 17, 2011 (English) ( Memento from September 23, 2011 in the Internet Archive )
11. ↑ cargolux.lu - Cargolux confirms guilty plea by two of its executives in US antitrust case, December 9, 2011 ( Memento of December 8, 2015 in the Internet Archive )
12. ↑ Luxemburger Wort - New CFO at Cargolux, January 24, 2012  ( page no longer available , search in web archives )
13. ↑ aerotelegraph.com - Qatar has had enough of Luxembourg, November 17, 2012 accessed on June 5, 2017
14. ↑ The Luxair is on the brink. Tageblatt , March 18, 2013, accessed March 20, 2013 . 
15. ↑ Luxemburger Wort - The Cargolux Deal in seven questions, January 15, 2014, accessed on June 5, 2017
16. ↑ Boeing - Boeing, Cargolux Airlines Finalize Order for Additional 747-8 Freighter, February 14, 2014 (English), accessed on June 5, 2017
17. ↑ Cargolux is counting on further growth after a profitable year. In: airliners.de. March 24, 2016. Retrieved March 26, 2016 . 
18. ↑ cargolux.com - Network & Offices (English), accessed on June 5, 2017
19. ^ Cargolux Airlines International Fleet Details and History. In: planespotters.net. July 31, 2019, accessed October 9, 2019 . 
20. ↑ LX-VCM Cargolux Airlines International Boeing 747-8F. In: planespotters.net. June 5, 2019, accessed July 8, 2019 . 
21. ↑ L'essentiel: Cargolux breaks all records in 2017 . In: L'essentiel in German . ( lessentiel.lu [accessed July 18, 2018]).
22. ↑ rtl.lu: Gewënn klëmmt vun 122 op 211 billion dollars . In: rtl.lu . (Luxembourgish, rtl.lu [accessed April 24, 2019]).
23. ↑ CORPORATE GOVERNANCE. In: cargolux-italia.com. Accessed October 10, 2018 . 
24. ↑ Data about the airline Cargolux in the Aviation Safety Network (English)
25. ^ Accident report CL-44 TF-LLG , Aviation Safety Network (English), accessed on July 29, 2020.