According to the main headline story on Air Cargo News website, Lufthansa Cargo executive Board member, Dr Otto, has sent out a letter to customers.
In this letter he not only says they are implementing an immediate 25 per cent rate rise globally, but also says: “If current market trends continue, we expect that, in the medium term, the majority of the world’s freighter fleet will have to be permanently grounded because there will simply be no economic justification for keeping these aircraft in service.”
The letter is worth a read.
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