All articles by Air Cargo News (Admin) – Page 468
-
News
China Airlines Cargo expects 'challenging' times
THE president of Taiwan-based China Airlines Cargo (CAC) has stressed the need for more international air service agreements in order to keep business afloat.“The cargo picture is not pessimistic, but it is challenging,” president Huang-Hsiang Sun says.“Fuel prices are high. [China Airlines] Cargo operates long-haul flights. If fuel prices remain ...
-
News
Japan cargo recovery short-lived
JAPAN Airlines (JAL) and All Nippon Airways (ANA) saw their international cargo volumes fall again in April but at less of a rate than preceding months.JAL recorded a fall of 28.7 per cent to 43,867 metric tonnes compared to the same month last year, but this was less than the ...
-
News
Panalpina appeals fines
SWISS logistics supplier Panalpina says it will appeal against its price-fixing fines totalling CHF59m (US$63m) after suffering a CHF40m ($43m) loss in profits for the first quarter of this year.The European Union Antitrust Commission penalised the group in March, along with several other freight forwarding companies, for its involvement in ...
-
News
Pilots call for fatigue-loophole closure
A US pilots’ union has appealed against the ruling that excludes cargo pilots from new Federal Aviation Administration (FAA) fatigue rules.The Independent Pilots Association (IPA), which represents UPS pilots, is backing government representatives Chip Cravaack (see page 20) and Tim Bishop’s proposed legislation that would close the ‘loophole’ excluding cargo ...
-
News
Nokia cell shipments dive 27 per cent
NOKIA lost its place as the world’s largest cell phone brand since 1998 with its air freight plummeting 27 per cent in the first quarter of this year, the global information company IHS reveals.The long-time market leader was overtaken by South Korean electronics giant Samsung, which shipped 92m cell phones ...
-
News
Cargo Champions - Sang-eun Wang
SANG-eun Wang – or Chairman Wang as he is nicknamed in South Korea – celebrated his 91st birthday on 31 March this year.The modest ‘typical English gentleman’ has been a vital part of the country’s transformation into one of the leading global economies and air freight exporters over the last ...
-
News
Comment
WAS it naïve to think airlines, shippers and forwarders could come together in the spirit of co-operation and right the industry in one jolly fellowship?Over a year on from the birth of GACAG and at the World Cargo Symposium in March, held in Kuala Lumpur (Malaysia), the delegates – voting ...
-
News
Cargo jobs go in American purge
AMERICAN Airlines (AA) plans to slash 1,200 non-union jobs, including cargo staff, in a bid to reduce annual expenses by 20 per cent, according to reports.The move, which will bring the total number of jobs lost to 14,200, comes after the carrier’s parent company – AMR Corporation – filed for ...
-
News
Merger for Jordanian
ROYAL Jordanian Airlines (RJA) could merge with a larger carrier, reveals its resigning chief executive officer.Hussein Dabbas says the national airline is open to merging but is not for sale.“We are reviewing options and talking to airlines to see when the time is right for us to do something,” states ...
-
News
Hyderahub
TALKS are under way to transform Hyderabad International Airport (HIA) into India’s air cargo hub, the company that runs it reveals.Vikram Jaisinghani, chief executive officer (CEO) of GMR Hyderabad Airport International (GHIAL), confirms the company is already discussing the plans with airlines and industry insiders.“World-leading cargo airlines like Thai and ...
-
News
Cathay expands despite cargo drop
CATHAY Pacific Airways is forging ahead with its plans to expand air cargo services to India despite revealing its freight tonnage fell 10.7 per cent in March, compared with last year.The airline is launching a twice-weekly freighter service to Hyderabad and adding a third weekly flight to Bangalore, from 17 ...
-
News
Russian cargo firm buys German carrier
RUSSIAN cargo group Volga-Dnepr has bought Air Cargo Germany (ACG) after acquiring a 49 per cent stake in the carrier.It is understood the German airline, based at Frankfurt-Hahn Airport, had its debts of €15m (US$19.5m) refinanced although the value of the deal remains undisclosed.Founded in 2008, ACG operates four Boeing ...
-
News
Site of new London airport slammed
ARCHITECTS of a proposed airport near London have chosen the “very worst spot”, according to the head of the national air traffic control services (NATS).Richard Deakin, chief executive officer of NATS, says the placement of the £50bn (US$79bn) airport – to the east of London on the edge of the ...
-
News
Night-flight ban ‘a blow’ to German business
LUFTHANSA has warned Germany will lose ground to its competitors in the air cargo industry as a result of the night-flight ban imposed on Frankfurt Airport.Christoph Franz, chief executive officer of Lufthansa, states: “Frankfurt, Hesse, and yes, even Germany, as an export and logistics nation, will have their wings clipped.“This ...
-
News
Cargolux ‘cautious’ after US$18.3m loss
THE chairman of Cargolux – Europe’s largest all-cargo airline – says he is “expecting trading conditions to remain more than challenging” this year after the carrier reported a net loss of US$18.3m in 2011.Albert Wildgen revealed a several elements, including weak demand for air freight and record fuel price levels, ...
-
News
Indias global aviation hub ambitions
INDIA has the potential to become a global aviation hub, if it is prepared to pursue polices that encourage growth, cut taxes and address ‘excessive and predatory pricing’.Such was the general consensus of three reports conducted into the leading aviation market.The International Air Transport Association (IATA) believes the establishment of ...
-
News
Whistleblower escapes US$226m fine
THE ‘Gardening Club’ freight forwarding cartel has been fined €169m (US$226m) by the European Commission (EC).The cartel – so-called because it used code names based on the names of vegetables, such as asparagus and baby courgettes – was made up of 14 companies, including Panalpina and UPS.Deutsche Post, including its ...
-
News
KLM and LAN Cargo settle price-fixing case
FRANCO-Dutch airline Air France-KLM and LAN Cargo have agreed a settlement in the Air Canada Cargo class action over alleged price fixing.KLM will pay C$6.5m (US$6.5m) and LAN will pay C$700,000 ($705,300).The lawsuits, started in Ontario, British Columbia and Quebec, alleged an unlawful conspiracy to fix prices for international air ...
-
News
Liège safe from UPS' TNT takeover, for now
UPS denies it has plans to close TNT’s Liège (Belgium) hub operations following its takeover of the Dutch express operator.UPS bought TNT for €5.16bn ($6.77bn) at the end of March and will eventually drop the TNT brand.In a joint statement, the two said: “UPS recognises the significant value of TNT ...
-
News
Fuel anxiety shrinks profit margins
THE International Air Transport Association (IATA) is reducing its forecast for 2012 due to the rising cost of fuel.IATA now expects airlines to make a global profit of only $3bn this, with a profit margin of a paltry 0.5 per cent. This is $500m less than the December forecast when ...