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Lufthansa delays construction of the new cargo centre


 

FRANKFURT, Ger.–Lufthansa will be delaying the planned investment by Lufthansa Cargo in the new cargo centre ‘LCCneo’. at Frankfurt Airport by at least two years. The supervisory board of the Deutsche

Lufthansa AG was informed of this decision by the executive board of the Lufthansa Group at yesterday’s meeting.

“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 the

Deutsche Lufthansa AG and chairman of the supervisory board of Lufthansa Cargo AG.

“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’.“

The necessity of a modern cargo infrastructure in Frankfurt was expressly confirmed by the

Lufthansa Group executive board and the supervisory board. The new construction of a cargo

centre for Lufthansa Cargo will still be regarded as a sensible and profitable investment; the

implementation however is to be decided in two years at the earliest.

“The ‘LCCneo’ is a significant building block of our ‘Lufthansa Cargo 2020’ strategy for the future,”

said Peter Gerber, chairman of the Lufthansa Cargo AG executive board. “The programme will

still be implemented at full steam.”

Five modern Boeing 777 freighters already fly for Lufthansa Cargo, the modernisation of the IT landscape in handling will be completed this year and a close cooperation with the Japanese ANA Cargo has been entered into on routes between Japan and Europe. In addition, within the scope of the strategy programme, Lufthansa Cargo said it is pushing further the digitalisation of all processes and is boosting the air cargo location of Frankfurt together with other representatives of the logistics industry.

“Even if we would have liked to realise the new construction as early as possible, we will still be

able to continue our successful course even with this decision”, said Gerber.

 

 


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