All articles by Air Cargo News (Admin) – Page 466
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Asia-Pacific carriers enjoy cargo climb
RISING confidence in non-European economies has brought an end to the cargo slump, says the International Air Transport Association (IATA).However, international freight volumes are expected to change very little this year at 47.8 million metric tonnes, the trade body adds.Although IATA reveals Asia-Pacific airlines – which made a US$4.9bn profit ...
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Say farewell to freighters
THESE are miserable times for freighter operators, with cargo flows out of Asia weak and doubts over the European economy. By a cruel irony, this is just the moment when shiny new 747-8, 777 and A330 freighters have started rolling off the production lines.When challenged about the wisdom of their ...
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Russia flexes muscles with Lufthansa via Swiss
LUFTHANSA-owned Swiss International Air Lines has made a deal with Russia to allow it to use Russian airspace for one of its Asian-bound flights again. This is after having been losing many of its overflight rights at the end of March.The carrier only admitted at the end of May that ...
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Crystal Cargo’s third-quarter gem
ETIHAD Crystal Cargo has experienced a 16 per cent year-on-year growth in tonnage (from 66,916 to 77,623 metric tonnes) in the third quarter. Revenue is up US$37m to $168m.In July, the carrier added Almaty (Kazakhstan) as a freighter destination, while a new 777F operates six times a week to Shanghai ...
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EVA Air resumes freighter flights from Taipei to Vienna
TAIWAN’S EVA Air Cargo reintroduced a freighter service between Taipei and Vienna.From 18 March the carrier will operate a 747 freighter every Thursday and Sunday, landing at Vienna at 11.10 following a stop in Delhi.After two hours for unloading and re-loading the freighter will depart at 13:10 for the return ...
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Lufthansa bails out of Jade Cargo
LUFTHANSA Cargo has announced it is cutting its losses and pulling out of its joint venture with the beleaguered Chinese-German freight carrier Jade Cargo.The company’s decision to sell its 25 per cent stake comes after Jade was forced to ground its fleet of six 747-400s due to weak demand in ...
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Signs of life - Jade Cargo inks deal
JADE Cargo could be back in the skies following the signing of a letter of intent with Chinese logistics enterprise UniTop Group.Jade’s restructuring process is expected to take around two months, should financing be made available. The carrier is preparing to resume operations with its six 747-400Fs.“With this step, the ...
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Boeing 747-8 freighter finally takes off
BOEING’S much-delayed freighter – the 747-8 – has finally taken its maiden flight a year late and having racked up more than US$1bn in charges for the delay.A larger version of the 747-400, the 747-8 is over 76m long, has a wingspan of more than 68m and has a payload ...
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Merchant of death will be set free within days
ONE of the most notorious and wanted criminals in the air cargo industry is set to walk free from prison in Thailand after a Thai judge ruled that he could not be extradited to face charges in the United States.Known as the ‘merchant of death’ Viktor Bout, is allegedly the ...
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Shun Feng boosts freighter fleet
CHINESE all-cargo carrier, Shun Feng Airlines, will expand its freighter fleet from seven to more than 25.Chairman Li Dongqi says the expanded fleet is necessary to meet growing demand for domestic express delivery.Despite the country’s air cargo slowdown due to a drop in rates of manufacturing, Li predicts Shun Feng’s ...
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Merchant of Death arrested
ONE of the world’s most notorious arms dealers, Viktor Bout, has been arrested in Bangkok on allegations that he supplied Colombian rebels with arms and explosives.Air Cargo News exclusively uncovered the Russian’s link to the Al-Qaeda terrorist network in a front page story in 2002.The air cargo criminal has been ...
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‘Merchant of Death’ sentenced to 25 years
A US court sentenced infamous arms dealer Viktor Bout to 25 years in prison yesterday. Bout shouted “It’s a lie!” during his prosecutor’s final address.Bout was convicted of conspiring to sell more than 700 surface-to-air missiles and 20,000 AK-47 automatic rifles to the Colombian terrorist organisation FARC (Fuerzas Armadas Revolucionarias ...
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Etihad Crystal Cargo gains Cargo 2000 certification
ETIHAD Crystal Cargo, a division of Etihad Airways, has been awarded the quality certification by the industry body, Cargo 2000, and is the first carrier in the Middle East region to make this achievement.Cargo 2000 is an industry initiative, supported by the International Air Transport Association (IATA), and aims to ...
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CAL and EVA ground 747s in desert
CHINA Airlines Ltd (CAL) and EVA Airways, Taiwan’s two largest carriers, are to ground three and two of their Boeing 747s respectively in the Californian desert.Falling cargo demand – a load factor drop from 75 per cent to below 65 per cent – has been blamed for the need of ...
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Hactl shows strong recovery
MAJOR air cargo handler Hactl sees strong recovery in both exports and transhipment traffic in the first quarter of 2012.Exports rose 0.4 per cent to 137,598 metric tonnes – the best monthly figure in 16 months, the company reveals.Meanwhile, transhipments climbed 7.7 per cent to 58,543 tonnes, its the best ...
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Starlight Airlines expands with new base
CARGO operator Starlight Airlines continues its expansion with a new base in Mumbai (India).The company, which mainly operates in Afghanistan and Iraq, reveals it opened the new office in the western city “so it can serve its Indian client base much better”.In February, Starlight entered into a joint venture with ...
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Cargo carrier founder on trial
THE trial of the 60-year-old founder of Pan America Airways (US) gets under way.Robert Hedrick, who was arrested last July, denies five counts related to child pornography and the sexual exploitation of children.A court heard hundreds of indecent images were allegedly discovered at the Texas businessman’s home in the city ...
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Debt-ridden Air France downsizes cargo fleet
AIR France Cargo is to reduce its freighter fleet of three 747-400Fs and two 777Fs to four aircraft in a bid to “to cut costs and improve its economic performance”.The carrier, once one of Europe’s leading all-cargo operators, will “fully integrate” with its Dutch partners KLM Cargo and KLM’s lower-cost ...
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Air France puts on a brave face
AIR France-KLM’s June airfreight traffic was stable for the second month in a row but the carrier’s finances are still far from healthy.Cargo was down 0.4 per cent compared to June last year, a slight improvement from May’s one per cent drop.However, the results include Martinair. When excluding the Dutch ...
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SkyCargo income soars
EMIRATES SkyCargo has posted record revenues in its 2010/11 financial year results.Revenue reached AED8.8bn (US$2.4bn), up 27.6 per cent, mirroring the resurgence in global cargo traffic.Cargo tonnage increased by 11.8 per cent over the previous year to 1.77m metric tonnes. Additionally, freight yield per freight tonne kilometre increased by 11.3 ...