Lufthasa delays construction of new cargo centre
Lufthansa Cargo will be delaying the construction of its new cargo centre called LCCneo at the Cargo City North of Frankfurt airport by at least two years.
April 30, 2015
By Denice Cabel
Lufthansa Cargo will be delaying the construction of its new cargo centre called LCCneo at the Cargo City North of Frankfurt airport by at least two years. Constructing the LCCneo is a central pillar of the freight carrier’s future programme “Lufthansa Cargo 2020”.
Harry Hohmeister, a member of the executive board of the Deutsche Lufthansa AG and chairman of the supervisory board of Lufthansa Cargo AG, said: “Air cargo is a core business for us and Lufthansa Cargo is an important and successful factor of differentiation of our group. 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.