| Cargolux adjusts fuel surcharge Luxembourg, February 14th, 2003 - Cargolux reacts to the recent sharp fuel price increase and adapts its fuel surcharge on all cargo shipments. Effective March 1st, 2003, the current level of the fuel surcharge will be adjusted to 0,15 Euro, or equivalent to local currency. This increase is to be considered as a first step in a dramatic fuel cost environment. The new fuel surcharge of Euro 0,15 per kilo is based on actual weight and will be implemented across the Cargolux network according to local legislation. Cargolux is dedicated to providing a high quality air cargo service to its customers worldwide, but has to react to changing market conditions, such as higher fuel costs, which are a major part of the cost structure. Cargolux Airlines International S.A. with head office in Luxembourg, is Europe’s largest all-cargo airline, operating a modern fleet of 12 B747-400 freighters on a world-wide network, with a 13th B747-400F on order for delivery in the second quarter of 2004, covering more than 90 worldwide destinations, over 50 of which are served on scheduled all-cargo flights. The company has 85 offices in over 50 countries and also offers an extensive trucking network to more than 50 destinations in Europe and the US, as well as charter and aircraft maintenance services. Cargolux employs 1342 staff worldwide. Cargolux Airlines International S.A. Phone: + 352 4211 1
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