Cargolux set to buy more 747’s as long term prospects improve

Cargo is booming and everyone knows that the current peak season is short. However Cargolux sees a longer term growth in its business.

In the past week the company – which is owned jointly by Hainan Airlines parent HNA Group and Luxembourg investors, signed an important code share arrangement with Japanese cargo carrier NCA. That adds to its recent code share arrangement with Emirates. These codeshares raise huge efficiency benefits for all three airlines in the cargo market, and as a result Cargolux is looking to expand.

However they won’t be buying new aircraft. Older 744’s and conversions are on the cards, either recent converts or used 748F’s if they become available.

Cargolux appears in no hurry, it would rather get the right aircraft and terms than rush into buying the first thing that comes to hand.

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