Cargolux targets more markets in Africa
Cargolux Airlines International had an “excellent year” in Africa in 2016 and expects the market to remain stable for the first half of 2017, regional director Africa Jonathan Clark explains to Air Cargo Week staff writer, James Muir.
He says Cargolux registered a healthy tonnage increase compared to 2015 and will remain an important market. The first few weeks of 2017 have been slow due to holidays in Southern Africa but he says northbound traffic has been strong helped by Cargolux’s Fresh product designed specifically for perishable cargo.
Clark notes overcapacity remains an issue in Africa: “As in other markets, there has been some pressure on the yields due to overcapacity, nevertheless Africa is and will be in the coming years a very important market for Cargolux.”
He does not foresee any major peaks or drops in 2017, saying: “One of the reasons that we do not foresee the market growing is related to the lack of investment in the oil and gas industry.”… Read more
Source : Air Cargo Week