Cargolux suspends Australasian services

Luxembourg based cargo carrier Cargolux Airlines will suspend its services to Australia and New Zealand, citing high operating costs.

“We have been trying hard over the past 10 years – through good and bad times – to maintain this service even though the flight economics simply do not justify the operation,” a Cargolux spokesman told AirCargo Asia-Pacific. “However, Cargolux is now facing insufficient network capacity and as a result, we have no choice but to suspend this costly operation.”