newstodate.aero
Apr 29, 2015 (newstodate): Lufthansa Cargo is determined to build a new cargo center, LCCneo, at Frankfurt Airport - but plans have now been postponed for two years at least...
-Air cargo is a core business for us, and Lufthansa Cargo is an important and successful factor of differentiation of our group, says Harry Hohmeister, a member of the executive board of Deutsche Lufthansa AG and chairman of the supervisory board of Lufthansa Cargo AG, in a press release.
-Nevertheless, we have decided to postpone this investment by at least two years. We can see that, after necessary enhancing measures with the existing infrastructure, Lufthansa Cargo can continue to work successfully for a few years whilst we can enhance the sound financial profile of the Lufthansa Group with our Investment Grade Rating by postponing the LCCneo.
Initially, ambitions were to start construction of the 700 mio euro facility in 2014, with inauguration of LCCneo in 2018.
-Air cargo is a core business for us, and Lufthansa Cargo is an important and successful factor of differentiation of our group, says Harry Hohmeister, a member of the executive board of Deutsche Lufthansa AG and chairman of the supervisory board of Lufthansa Cargo AG, in a press release.
-Nevertheless, we have decided to postpone this investment by at least two years. We can see that, after necessary enhancing measures with the existing infrastructure, Lufthansa Cargo can continue to work successfully for a few years whilst we can enhance the sound financial profile of the Lufthansa Group with our Investment Grade Rating by postponing the LCCneo.
Initially, ambitions were to start construction of the 700 mio euro facility in 2014, with inauguration of LCCneo in 2018.