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Wednesday, April 7, 2010 as of 11:14 AM ET

Cargolux

Cargolux Airlines International S.A., trading as Cargolux, is a cargo airline with its head office on the grounds of Luxembourg – Findel Airport in Sandweiler, Luxembourg.

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Get updates on Cargolux
Cargolux to take Boeing 747 freighter in two weeks

The delay was because of General Electric Co <GE.

N> engines not meeting performance guarantees, said Qatar Airways CEO Akbar Al Baker at an unrelated event at Boeing's plant in Everett, Washington, north of Seattle, rather than any issue with Boeing ."There was a shortfall of nearly 2.7 percent," in the engines' fuel burn, said Al Baker, whose Qatar Airways recently took a 35 percent stake in Cargolux, and who has taken a close interest in the freight company's business. "We couldn't take an aircraft that is underperforming."He declined to comment on whether Cargolux would receive compensation from GE for the engines not meeting agreed standards.Al Baker, known for his vocal criticism of Boeing and rival Airbus <EAD.PA>, said postponement of the 747-8 freighter delivery was not related to negotiations over compensation for Qatar's delayed order for smaller Boeing 787s."It is absolutely unrelated. I cannot use Cargolux to get additional concessions from Boeing (for Qatar Airways)," said...

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  1. Boeing and buyer blame contract snag for 747 delay

    BARCELONA, Spain (Reuters) - Boeing scrambled on Monday to iron out contract problems that forced it to postpone delivery of a 747 jumbo jet for the first time in it...

  2. Boeing scrubs planned first delivery of 747-8F

    (Reuters) - Boeing Co <BA.N> said on Friday it would not make the planned first delivery of its 747-8 Freighter to Cargolux <CLUX.UL> on Monday, citing "unresolved i...

  3. New Boeing freighter clears regulatory hurdle

    BOSTON (Reuters) - Boeing Co <BA.N> said its new, larger 747-8 freighter jet won the approval of U.S. and European safety regulators, clearing the way for the new ai...

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