China operation update

en

The current COVID19 epidemic is having a significant impact on the air freight industry. China is the traditional powerhouse for exports worldwide. The outbreak of the COVID19 epidemic, coinciding with the Chinese Lunar New Year and the extension thereof, has unfortunately had a significant impact on demand for air freight out of China as many factories have not yet re-opened.

<< Back
17/02/2020 |
  • Cargolux - boeing-747-8F-fsx2

Cargolux and Cargolux Italia have adjusted their flight schedules accordingly and reduced their frequencies into China to adjust to the market situation. We expect our service to China to increase in the coming weeks to accommodate the resumption of factory production. These flights will, however, be operated in accordance with recommendations from the WHO and other regulatory bodies as well as Cargolux’s own restrictions including no crew layovers in China.

Since factories have been closed longer than usual, there will be a certain amount of backlog that must be catered for to replenish inventory levels and to provide required parts and materiel for manufacturers outside of China, e.g. the automobile industry. This situation could well result in a surge in demand for air freight capacity out of China when production recommences.

Back to top  | << Back

Communiqués liés

Gcore Recognised as Highly Commended in the Industry Innovator Category at the EMEA NVIDIA Partner Network Awards
23/04/2024

Gcore Recognised as Highly Commended in the Industry Innovat...

Gcore acknowledged for successful launch of first AI speech-to-text solution for...

GCore
Deloitte Luxembourg MOMENTUM2024
22/04/2024

MOMENTUM 2024 drives sustainable solutions forward

Deloitte’s annual MOMENTUM Conference fosters a dynamic exchange between indus...

Deloitte
IMG 3541
18/04/2024 Personnalités

Nouvelle recrue au service client de NO-NAIL BOXES : Nadine ...

NO-NAIL BOXES, le fabricant luxembourgeois de caisses pliantes en bois contrepla...

NO-NAIL BOXES
download
16/04/2024

Réseau ETRE est le nouveau lauréat du Degroof Petercam Fou...

Réseau ETRE remporte la sixième édition du Degroof Petercam Foundation Award....

Degroof Petercam
Job Shadow Day ALIPA
16/04/2024

Le Groupe ALIPA accueille une étudiante dans le cadre du Jo...

ALIPA Group, spécialiste du levage et de l’emballage industriel, a accueilli ...

ALIPA Group
Bryan Crawford - Quintet

Quintet lance le premier d’une série de nouveaux fonds e...

La banque privée européenne lance un fonds d’actions américaines sous gesti...

Quintet Private Bank

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more