Cargolux announced on 17th September 2011 that its Board of Directors took the decision yesterday to reject the first two Boeing 747-8 Freighters that were scheduled for delivery to Cargolux on 19 and 21 September 2011 due to unresolved contractual issues between Boeing and Cargolux in respect of the aircraft.

The financing of the aircraft that is secured through JP Morgan as an Ex-Im Bank guaranteed lender had to be put on hold pending resolution of the contractual issues between Boeing and Cargolux in respect of the aircraft.In the event that the issues cannot be resolved in a timely manner, Cargolux will source alternative capacity to fully meet customer demand and expectations ahead of the traditional high season.

On 9 June 2011, the Doha-based carrier had signed an agreement to acquire a 35% equity stake in Cargolux.

Full article HERE

Background:

Cargolux Airlines International S.A., (IATA: CV ICAO: CLX Callsign: CARGOLUX) operating as Cargolux, is a cargo airline with its head office at Findel Airport in Sandweiler, Luxembourg. It is one of the largest scheduled all-cargo airlines in Europe with a global network. Charter flights and third party maintenance are also operated.

Current fleet: 
2  x  Boeing 747-400BCF
11 x Boeing 747-400F
aircraft with an average age of 10.5 years

Website cargolux.com