All articles by Air Cargo News (Admin) – Page 323
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News
World's largest airfreight forwarders lose marketshare in 2015
The world’s largest airfreight forwarders lost airfreight marketshare on their smaller rivals last year, but the top-ten players remained unchanged.Figures from analyst WorldACD show that the world’s top-20 forwarders saw their airfreight marketshare, based on dollar revenues, decline from 44.5% to 43%, while volume share was down from 43% to ...
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Profits up at lessor Air Castle as it continues to reduce freighter fleet
Aircraft lessor Air Castle, which hit the headlines with the lease of an aircraft to CargoLogicAir last year, saw a double-digit increase in profits in 2015 despite revenues remaining flat.AirCastle, which includes 11 freighters in its fleet of 162 aircraft, saw net income for 2015 increase by 20.7% year on ...
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Chinese express airlines looking to continue e-commerce fuelled expansion
Fast expanding Chinese express carriers YTO Express Airlines and SF Airlines have applied to add extra routes from the country’s capital as they look to capitalise on the growing domestic e-commerce market.Recently launched YTO has applied to the Civil Aviation Administration of China to operate a cargo service between its ...
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Air France KLM Cargo picks up CEIV certification
Air France KLM Martinair Cargo has been awarded IATA Centre of Excellence for Independent Validators (CEIV) Pharma certification for its hub operations in Amsterdam and Paris.The airline group said it had decided to meet the standards of the IATA CEIV Pharma programme, rather than the European Union’s Good Distribution Practice ...
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NewsDSV sees airfreight demand grow ahead of market while profits soar
The first of the major European freight forwarders has reported its 2015 full-year results, with DSV recording ahead of market airfreight growth and increases in profits and revenues.The Danish forwarder, which in January received final regulatory clearence for the takeover of UTi, recorded a total revenue increase of 4.7% year ...
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First to market race heats up for A320/321 conversion programme
PACAVI Group and Guangzhou Aircraft Maintenance Engineering Co (GAMECO) said that they are on track in being "first to market" with their joint Airbus A320/A321 passenger-to-freighter (P2F) conversion programme in 2017.They face competition from the joint venture between Singapore Technologies Aerospace (ST Aerospace) and Dresden-based Elbe Flugzeugwerke (EFW) to launch ...
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FAA urges airlines to assess lithium battery risks
The Federal Aviation Administration (FAA) has issued a safety alert to US and foreign commercial passenger and cargo airlines, “urging them to conduct a safety risk assessment to manage the risks” associated with transporting lithium batteries as cargo.The US aviation regulator has also issued guidance to its own inspectors “to ...
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US safety agency NTSB adds to warnings on lithium batteries in freighters
Washington’s two top safety agencies have issued fresh warnings about lithium batteries on board cargo aircraft.The National Transportation Safety Board (NTSB) in the US issued two safety recommendations to “physically separate lithium batteries from other flammable hazardous materials stowed on cargo aircraft” and to establish “maximum loading density requirements” that ...
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NewsEuropean cargo carriers monthly: mixed start to the year for airlines
The start of 2016 has seen a divergence in the air cargo performance of European airlines, with Finnair and IAG both recording demand increases, while Lufthansa and Air France KLM saw demand drop.Possibly the most surprising performance of the four carriers in January came from Finnair, which recorded a double-digit ...
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Frankfurt freight falters in January
Frankfurt airport saw further cargo red ink in January, with a 0.1% fall in cargo volume versus 2015 to 159,650 tonnes, the eleventh monthly decline in a row for Europe's top airfreight hub.The German gateway, which saw a 2.3% fall in total 2015 volumes to just over 2.1m tonnes, registered ...
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Freighter lessor ATSG upbeat on 2015 results
US-based freighter lessor Air Transport Services Group (ATSG) said that its financial results for 2015 are “likely to exceed management’s earlier guidance” due primarily to better-than-expected results from its airline operations in the fourth quarter.ATSG now projects that its earnings before interest, taxes, depreciation and amortization (EBITDA) will likely be ...
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American Airlines Cargo releases enhanced air waybill tracking on website
American Airlines Cargo has introducedredesigned tracking functionalities on its website.Developed to "increase visibility into the entire shipping process", the customised tracking capabilities will improve shipment visibility from booking to delivery.The features include: Live “at-a-glance” status updates via color-coded progress bars Detailed flight, AWB and Customs information Simple access and navigation ...
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Damco back in profit for 2015
Damco, the freight forwarding arm of Danish maritime giant AP Moller-Maersk (APM), moved from an underlying $225m loss in 2014 to an underlying $15m profit in 2015 as its airfreight volumes fell by 4%.“Productivity improvements, overhead cost reductions and growth in supply chain management activities were the primary drivers behind ...
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CargoLogicAir set to offer scheduled service to Africa from February
Valentine’s Day (February 14) looks set to be the day CargoLogicAir (CLA) begins to offer its first scheduled flight.AirBridgeCargo said that its “partner airline” CargoLogicAir will offer a scheduled service from Stansted to Frankfurt, Libreville (Gabon) and to Johannesburg with further routing to Nairobi.Earlier this week, CLA revealed that it ...
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Ethiopian Cargo loss continues to bite at Brussels
Brussels Airport continued to suffer from the withdrawal of Ethiopian Cargo services in January as the Belgian airport recorded a decline in airfreight demand.The airport, which was one of the success stories of 2015, saw cargo demand decline by 2.4% year on year in January to 36,964 tons.Full-freighter demand suffered ...
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Thilo Schäfer joins Leisure Cargo
Ex-Lufthansa Cargo manager Thilo Schäfer has been appointed managing director of Leisure Cargo — the ‘virtual cargo airline’ of German low cost carrier airberlin — taking up his role next month (March).Schäfer will lead the company together with Klaus Sieger.Thilo Schäfer previously held the position of vice president global handling ...
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Aircraft CO2 emissions standard edges closer
The introduction of an aircraft carbon dioxide CO2 emissions standard has come a step further at the UN’s International Civil Aviation Organization (ICAO).A new environmental measure was unanimously recommended by the 170 international experts on ICAO’s Committee on Aviation Environmental Protection (CAEP), paving the way for its ultimate adoption by ...
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New guidelines ensure four-legged friends are fit to travel
Freight interests, veterinary organisations and animal welfare groups, together with the European Commission, have published new guidelines on transporting equidae - horses, ponies, donkeys or hybrids.As well as general advice on journey length and the design of accommodation, they set out clear and simple methods of assessing the fitness of ...
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Tough start for Gatwick's cargo business
Gatwick Airport’s air cargo business has had a tough start to the year as demand dropped by almost 10%.The West Sussex airport, which is hoping to secure government backing for expansion at the expense of west London rival Heathrow, saw cargo demand drop by 9.7% year on year in January ...
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Air China agrees to $50m payout in US air cargo cartel lawsuit
Air China has reached a $50m settlement with plaintiffs in the ongoing air cargo cartel class action lawsuit in the US.Law firm Robins Kaplan LLP said that Air China Limited and Air China Cargo Company Limited had agreed to the payout.It said only Air India and Air New Zealand were ...