Cargolux Airlines International S.A. has been informed by the US Department of Justice (DoJ), that a Miami Grand Jury has indicted Ulrich Ogiermann, President and CEO, and Robert van de Weg, Senior VP Sales and Marketing of Cargolux Airlines for participating in a conspiracy to fix and coordinate certain surcharges on air cargo shipments to and from the United States.

In 2009, Cargolux Airlines, among other cargo airlines, entered into a plea agreement with the DoJ, under which the company pleaded guilty to a violation of the US Sherman Act relating to the charging of surcharges by major carriers for international air cargo shipments and agreed to pay a fine of US$ 119 million, payable in instalments over the coming 5 years.

To date, a total of 18 airlines and 14 executives have been charged by the DoJ.

The Cargolux management and Board of Directors are reviewing the charges against Mr. Ogiermann and Mr. van de Weg and can make no further comments at this time. We understand that, under US law, Mr. Ogiermann and Mr. van de Weg will now have the opportunity to defend themselves against these allegations in court.

Cargolux, based in Luxembourg, is Europe’s largest all-cargo airline, operating a modern fleet of 14 B747-400 freighters; another B747-400F is leased to Cargolux Italia. Its worldwide network coves 90 destinations, 60 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 70 destinations in Europe and the US, as well as charter and aircraft maintenance services. Cargolux employs more than 1400 staff worldwide.