All articles by Air Cargo News (Admin) – Page 469
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News
Takeover will create Euro giant
UPS will buy the Dutch TNT Express for US$6.85 billion (€5.2 billion), strengthening its lead as the world’s largest integrator outside of the US.As well as becoming the market leader in Europe, UPS will have access to TNT’s stronger networks to the emerging markets in Asia-Pacific, as well as Australia, ...
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Volga-Dnepr nears ACG acquisition
GERMAN anti-monopoly authorities are expected to approve Volga-Dnepr’s plans to acquire Air Cargo Germany (ACG) in the next two weeks.The deal will allow the Russian player entry into the European inland cargo transportation market. ACG, valued at US$30-40 million, has been negotiating with the owner of VIM-Avia, Rashid Mursekaev, but ...
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Manston to change hands
MANSTON Airport and Prestwick Airport in the UK are to be sold by New Zealand-based owner Infratil.Despite encouraging cargo growth at Manston – 21 per cent up on tonnage in 2011 and 23 per cent ahead of budget – weak passenger business at Prestwick has concerned Infratil.Prestwick relied heavily on ...
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Apple makes airfreight prices pear-shaped
ELECTRONICS and computer giant Apple’s move to ship massive quantities of its new iPad 3 media device on DHL freighters will eat up capacity on the courier's international flights.Because of the orders shipping rates have risen considerably this week. Apple news source MacRumors, which spoke with members of the shipping ...
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Saudia marches towards Asia
WHILE most carriers are shying away from weak Asian markets, Saudi Airlines Cargo is striding confidently towards them with new services this March.On 4 March the carrier added a second weekly MD-11F from Guangzhou (China) direct to Brussels (Belgium).With the new service, Saudia will offer 180 metric tonnes a week ...
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Forwarders face South African fines
KUEHNE + Nagel and Schenker’s South African businesses have agreed to pay cargo price-fixing penalties.The two firms each paid an administrative penalty just short of R1 million (US$133,472) for price-fixing in contravention of South Africa’s Competition Act.The penalties constitute five per cent of each firm's relevant turnover in 2007.Competing freight ...
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Turkey restricts Israeli freighters
TURKEY is imposing airspace restrictions on Israeli freighters carrying hazardous goods.El Al and CAL and many other airlines, which regularly fly in and out of Israel, will be subject to the new restrictions covering cargo from batteries to flammable materials like fragrances requiring special storage procedures.Turkey now demands a 10-day ...
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Toll airfreight encouraging
TOLL Global Forwarding (TGF) recorded a rise in airfreight figures during the six months ended 31 December 2011.Volumes increased around 10 per cent to 66,000 metric tonnes, largely due to the full-year impact of previous acquisitions.The ex-Asia airfreight market was very weak during this half, reflecting the declining volumes reported ...
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UPS presses TNT for takeover
BOTH TNT and UPS are continuing talks about a possible takeover despite TNT rejecting UPS’ initial US6.43 billion offer. However, with the euro weakening against the dollar TNT’s cautious negotiation standpoint is likewise weakening.The Dutch TNT Express is Europe’s second-largest express operator, behind DHL. While it had a profit of ...
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India opens up the market
THE Indian government has decided to allow all carriers in the country the use of bilateral air traffic rights with foreign countries, ending Air India’s exclusive claim.Historically, private carriers could only enjoy the rights when Air India said it would not operate on them. As a result, several routes and ...
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Cargo manager sues El Al
A HOMOSEXUAL El Al cargo manager claims he was fired after requesting paternity leave for the birth of his child by a surrogate mother.Ronen Rosenblatt Nir is suing the airline in a Brazilian court for more than NIS 1 million (US$269,000), alleging discrimination on the grounds of sexual orientation.Nir says ...
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Air Canada pilots in strike vote
IT made a CA$249 million (US$248 million) loss last year and now Air Canada’s pilots and cargo agents are threatening to go on strike.In May 2011, 67 per cent of Air Canada Pilots Association’s (ACPA) 3,000 voting members rejected a proposed contract for the union, casting uncertainty over the airline’s ...
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Air Canada settles cargo fine
THE US is getting closer to collecting half a billion dollars in anti-trust cargo conspiracy fines and settlements, following an agreement with Air Canada and AC Cargo.The Canadian carrier has coughed up US$7.5 million in the latest hearing at a court at the Eastern District of New York.“The settlement with ...
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Korean celebrates freighter first
KOREAN Air has taken receipt of its inaugural 777F and 747-8F, making it the first carrier in the world to operate both aircraft types.The freighters add a combined 253 metric tonnes of capacity at a time when cargo volumes have declined sharply. Freight volumes out of Korea fell 14 per ...
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Military move bankrupts Global
WORLD Airways’ parent Global Aviation Holdings has filed for bankruptcy.Its US military charter business – the largest in the world – has been hampered by the US’ forces exit from Iraq, defence spending cuts, labour costs and mounting debt.Less than a fortnight before, the Pentagon outlined a US$487 billion slash ...
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Air Zimbabwe finally grounded
ITS government has placed debt-riddled Air Zimbabwe under judicial management as a prelude for what many are expecting to be its imminent bankruptcy.Zimbabwe’s flag-carrier airline has debts of US$140 million and owes its staff $35 million more having not paid them since January 2009.Robert Mugabe, Zimbabwe’s president, was infamous for ...
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French strike over protest conditions
CARGO and passenger flights across France face widespread disruption this week following a labour strike and poor weather conditions.Today sees the start of a four-day strike by pilots, cabin crew and airline workers. They are protesting about a bill, passed by France’s lower house of parliament in January, which forces ...
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AA keeping bankruptcy at bay
AMERICAN Airlines is in talks with union leaders on new cost-saving contract proposals.The carrier aims to reduce annual labour costs by US$1.25 billion by cutting 13,000 jobs, terminating pension plans, reducing health benefits and ending medical benefits for future retirees.AA employs about 9,900 in the Chicago region and 88,000 nationwide. ...
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Airports update 6 February
DURING 2011 Doha Airport (Qatar) registered 795,559 metric tonnes of cargo, an increase of 13.7 per cent compared with 2010. December 2011 cargo numbers came in at 70,779 tonnes, up 12.9 per cent.Airfreight movements at Singapore's Changi Airport (pictured) recovered to 2008 levels with 1.87 million tonnes of cargo handled, ...
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Airlines have faith in future of freighters
ASK most freighter operators whether their all-cargo aircraft are making any money at the moment and, if they are honest, most will say “no way”.That is not stopping them from continuing to accept delivery of new freighters, either because they cannot delay delivery any more or because they are wildly ...