LUG Wins IAG Cargo Contract
News : The International Airlines Group (IAG) has awarded a n air cargo handling contract to European freight services provider LUG , according to Payload Asia. The contract will see LUG handle IAG cargo at locations including the airports of Frankfurt Main and Munich, effective September 1 2013 in Frankfurt and October 1 2013 in Munich. The contract extends to cover full freight and passenger flights.
BMI View: 2013 will see the German freight industry slowly returning to some semblance of healthy growth as it seeks to put an abysmal 12 months behind it. Following 2012' s estimated 0.61% year-on-year contraction in growth in the road freight sphere, 2013 will represent a welcome return to growth, albeit at a muted 0.49%.