All articles by Air Cargo News (Admin) – Page 460
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Tech hope for Cathay
CATHAY PACIFIC bosses remain hopeful of a tech lift to their year after another torrid set of figures for air cargo.In August Cathay’s freight was down 10.4 per cent compared to the same period in 2011 and 10.6 per cent for the year to date.This time last year following the ...
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Atlas moves on engine worry
ATLAS AIR have taken steps to reassure the public over the safety of their aircraft following fears over GE manufactured engines.The statement from the company follows an aborted takeoff, which left an AirBridgeCargo 747-800 freighter spewing engine fragments.The failed engine is the same type used by Atlas, which has five ...
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Cargo Champion - Peter Quantrill
A LOVE of jazz is not the usual path to a passion for air cargo but that is how Peter Quantrill joined the industry.With a career spanning 30 years Quantrill is currently director general of BIFA (British International Freight Association) where he draws upon his experience both sides of the ...
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Freight forwarder makes surcharge plea
Yamato Global Logistics has agreed to plead guilty pay a US$2.3m fine for its role in the fuel surcharges conspiracy.According to the one count felony charge filed in the US District Court for the District of Columbia, the Japanese company engaged in a "conspiracy to fix and to impose certain ...
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CEO move 'regrettable'
BOSSES at TNT Express have expressed surprise at Marie-Christine Lombard’s resignation ahead of the purchase of the company by UPS - branding it “regrettable”.Antony Burgmans, chairman of the TNT supervisory board, says: “It is regrettable that Marie-Christine has decided to leave TNT Express now.“We thank Marie-Christine for her contributions and ...
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Manston welcomes 747-8F
A Boeing 747-8F operated by Cargolux has been welcomed by staff and bosses at Manston Airport, UK.The first flight arrived from Nairobi, Kenya bringing fresh produce and flowers for onward transport by road to distributors and wholesalers.Charles Buchanan, chief executive at Manston Airport, says: “Cargolux is currently operating just four ...
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Southern files for Chapter 11
SOUTHERN Air Inc and its parent company Southern Air Holdings have filed for bankruptcy protection.The companies have filed for Chapter 11 protection at the District of Delaware Bankruptcy court (US).The case numbers are 12-12692 and 12-12690 - and neither has been allocated to a judge.The move was widely anticipated in ...
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Southern Air has a future - McHugh
Southern Air executives have pledged to rebuild the ailing carrier.Chief executive Dan McHugh says he can reduce two-thirds of US$285m of debt while the airline is under Chapter 11 bankruptcy protection.Critics have pointed to previous attempts to resolve Southern Air’s financial position under Chapter 11 protection and questioned the failure ...
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Cargo 'on the edge'
ON the eve of the TIACA conference in Atlanta (US) cargo operators will be celebrating survival according to IATA predictions.IATA (International Air Transport Association) announced an upward revision to its global aviation outlook for 2012 but it was crumbs of comfort for the cargo sector.Fuel, a slow economy and over ...
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Emerging markets tempt DSV
LOGISTICS giant DSV is to move decisively into emerging markets with the acquisition of the Swift Freight Group.Dubai based Swift Freight is a regional freight forwarder, with 36 offices spread across 15 countries in Africa, the Middle East and Asia.The purchase agreement includes ownership of the companies in the UAE, ...
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Qantas pens airfreight deal
Qantas is to end its joint venture with Australia Post with the acquisition of Australian Air Express.The Australian national carrier is to sell its 50 per cent stake in StarTrack to Australia Post and buy 100 per cent of the airfreight business Australian Air Express.The exchange ends the joint venture ...
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Air cargo to carry Obama pledge
THE US Transport Secretary says air cargo must recover to meet President Obama’s export targets.In his much-anticipated speech to the TIACA conference in Atlanta, Ray LaHood spoke on a wide range of issues including Obamas 2010 pledge to double US exports by 2015:“In order to accomplish that goal,” LaHood told ...
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Upbeat mood at TIACA
THERE are reasons to be cheerful in air cargo – that is the industry consensus emerging from the TIACA conference.US Transport Secretary’s Ray LaHood’s keynote address, which opened the biennial air cargo forum conference in Atlanta, Georgia, highlighted the need for a stronger air cargo set-up as critical to the ...
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Etihad Cargo up six per cent
Etihad Airways reported third quarter revenues of US$1.3b up 19 per cent on last year.Cargo revenues were also significantly ahead of last year, up six per cent to US$ 181.6m. Etihad Cargo carried 93,560 tonnes of freight in the third quarter, 18 per cent more than in the corresponding period ...
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'Bullet-proof vest' ULDs at Finnair
SELF-PROCLAIMED “weight watcher” Finnair has selected Nordisk Aviation Products to provide its wide-body aircraft with lightweight ULDs.Finnair bosses say the deal will result in improved fuel economy and reduce CO2 emissions.The move is part of Finnair’s drive to improve fuel efficiency and help meet emission reduction targets by minimising weight.The ...
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Cargo Champion - Neil Hansford
RELIVING your youth is many people’s dream but if Neil Hansford is right it might also be the air cargo industry’s path to salvation.Last edition we spoke to a newly minted cargo president in the shape of Kenji Hashimoto at American Airlines – his career in cargo is in front ...
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Tony Charaf back at Delta cargo helm
IT IS said that good managers always get results, but extraordinary ones can move mountains and never leave their staff behind.Delta Air Lines’ new senior vice-president and chief cargo officer, Tony Charaf (pictured, right), easily falls into the latter category. He is back at the cargo helm at Delta, having ...
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Flying humanitarian cargo 'challenging'
A CHARTER specialist that evacuated 12,000 people within six weeks during the ‘Arab Spring’ has spoken about the challenges of organising humanitarian effort in the wake of the Syrian crisis.Air Partner’s emergency planning team, which provides a 24-hour air evacuation planning and implementation service, was also involved in flying aid ...
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Industry sleepwalking to disaster
THE AIR cargo industry is becoming increasingly polarised between supply chain members willing to embrace change and the ‘dinosaurs’ who are sleepwalking into potential disaster.The growing divide was quickly evident during our annual 2012 Freighters World Conference, at Frankfurt in Germany.Now in its 12th year, publisher Air Cargo Media – ...
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IATA Forecasts Huge Losses for 2008
THE International Air Transport Association (IATA), announced a revised industry financial forecast that would see the global airline industry post losses of US$5.2 billion in 2008, based on an average crude oil price of $113 per barrel ($140 for jet fuel).“The situation remains bleak. The toxic combination of high oil ...