Cargolux named 'cargo Airline of the year 2005' by 'Air Transport World' magazine

Luxembourg / Washington, January 26, 2005 - AIR TRANSPORT WORLD MAGAZINE, the monthly magazine covering the global air industry, has named Luxembourg-based CARGOLUX Airlines International S.A. the “CARGO AIRLINE OF THE YEAR 2005”. As ATW notes in its press release on the 2005 winners : “Cargolux belongs to the elite group of European network carriers that have been profitable for the past five years “, adding that Cargolux “understands that its home market isn’t the Grand-Duchy, nor even Europe, but rather world trade itself”.

The award ceremony will take place in Washington DC on 22 February 2005.

“We are honoured and very proud to receive this distinction by Air Transport World”, says CEO and President of Cargolux Uli Ogiermann. “This reward is a recognition of the efforts delivered daily by our people worldwide and of our commitment to shape our network and our operations to the specific needs of the markets. I also want to thank our customers for this award. Their partnership with Cargolux made this success possible “.

After 35 years of company history, Cargolux has become Europe’s largest all-cargo carrier and established itself among the top ten cargo airlines worldwide. In 2004, the company achieved its eleventh profitable year in a row. In 2004 Cargolux also achieved an outstanding performance, as CEO Ulrich Ogiermann stated in a recent interview with ATW : “It’s quite a substantial jump when you reach the 1 billion USD revenue gap; it is the barrier that divides the smaller companies from the more advanced companies. To remain profitable is a great achievement as well”.

A dedicated workforce of 1,300, many of whom having a long working record with the company, a worldwide presence based on a sound network of destinations implemented in the frame of a globalization-driven business orientation, a customer

philosophy that focuses on forwarders’ needs and a pure freighter fleet composed of currently 13 Boeing 747-400F freighters, all these caracteristics join to make Cargolux a premium and one of the most performing cargo airlines in the global cargo worldwide business.

Cargolux, based in Luxembourg, is Europe’s largest all-cargo airline, operating a modern fleet of 13 B747-400 freighters on a worldwide network, covering 90 destinations, 57 of which are served on scheduled all-cargo flights. The company has more than 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 more than 1300 staff worldwide.

For more information, please contact:
Marc Schonckert, Cargolux Director Communications
Tel +352 4211 3929,
Fax +352 4211 3509
mschonckert@cargolux.com