All articles by Air Cargo News (Admin) – Page 472
-
News
Lufthansa to ground four freighters
LUFTHANSA will ground at least four of its 18 MD-11Fs in the first half of next year in anticipation of lower demand.“We would reduce capacity available to customers by 20, 25, maybe even 30 per cent,” Andreas Otto, board member for Lufthansa Cargo sales, said. “We’d ground the capacity, but ...
-
News
Russia narrowly avoids EU blacklist
RUSSIAN and Albanian airlines were close to inclusion in the updated European Commission (EC) airline black list.“Intense cooperation” was necessary with the authorities of those countries so as not to be named in 21 November’s new list of airlines banned from EU airspace.The Russian and Albanian authorities adopted strong enforcement ...
-
News
Etihad’s poetry in the skies
BEETHOVEN, Darwin, Einstein and Michelangelo are not the usual passengers you would expect to see on an Etihad Airways flight.But this month the airline carried more than 100 historic manuscripts written by these and other historical figures from Berlin's State Library in Germany to the National Library of Australia in ...
-
News
Lufthansa Cargo freezes $1.35 billion investment
THE night-flight ban at Frankfurt Airport (Germany) has prompted Lufthansa Cargo to put its US$1.35 billion investment plans on hold.“Lufthansa still wants to invest, but the size is dependent on the night-flight regulations,” a spokesman said. “The group had planned to invest in a new logistics centre, as well as ...
-
News
Korean to pay cargo penalty
THE Australian Federal Court in Sydney has ordered Korean Air Lines to pay AU$5.5 million (US$5.5 million) for its part in the cargo price-fixing cartel.The Australian Competition and Consumer Commission (ACCC) began proceedings against the carrier on 5 March 2010 alleging that it reached understandings with other international airlines.Korean Air ...
-
News
US fails screening target
THE Transport Security Administration (TSA) is still struggling with its 100 per cent international cargo-screening target.All domestic freight is being screened and the administration is negotiating agreements with 20 countries that send 80 per cent of the cargo heading to the US, TSA Administrator John Pistole said.“What can they practically ...
-
News
Maximus takes it to the maximum
IT has been a busy time for Maximus – the Middle Eastern all cargo carrier will rebrand and expand, Fathi Hilal Buhazza its chief executive officer said.At the Dubai International Air Show, the company announced its new name – Maximus Air.“We have a lofty ambition to become one of the ...
-
News
Middle East calls for more freighters
OVER the next 20 years carriers in the Middle East will demand almost 40 new freighters, a new Airbus forecast has found.A total of 1,920 aircraft worth over US$347 billion will enter service with airlines in the region: 1,882 are passenger aircraft (US$336.3 billion) and 39 are freighter aircraft (US$11.1billion), ...
-
News
Emirates orders 50 aircraft
MIDDLE Eastern powerhouse Emirates has landed the biggest order in Boeing’s history – 50 777-300 ERs.They will set the carrier back approximately US$18 billion. The order also includes 20 777-300 ER options valued at US$8 billion for a total of 70 aircraft valued at US$26 billion.Emirates has the world’s largest ...
-
News
Air Cargo Germany traffic up 50 per cent
AIR Cargo Germany (ACG) expects its year-end traffic to be up 50 per cent to 140,000 metric tonnes from 2010.The forecast coincides with the launch of twice-weekly 747-400 freighter services from Germany to South Korea and flights between Hong Kong (China) and Paraguay.The Korea service will operate on a direct ...
-
News
AF-KLM nears 100 per cent loss
AIR France KLM’s cargo business posted an operating loss of €37 million (US$50.7 million) in the quarter ended 30 September. Overall, the group’s net profit was €14 million, down 95.2 per cent from net income of €290 million in the same period in 2010.Foreign exchange losses and a decline in ...
-
News
JAL bids farewell to bankruptcy
JAPAN Airlines, which had bankruptcy protection for 14 months, has posted a net profit of 97.4 billion yen (US$1.25 billion) on a consolidated basis in the first half of 2011 fiscal year.Cost-cutting efforts have also seen international cargo revenue total $346.15 millionJAL’s group revenue from its overall operations totalled $7.69 ...
-
News
Saudia awaits new authority
THE establishment of an independent civil aviation authority by Saudi King Abdullah is likely to oversee the eventual privatisation of Saudi Arabian Airlines.The government has been trying to privatise the airline for five years. It launched the process in 2006 by dividing up the company into six units – catering, ...
-
News
Kuehne and Nagel win plea bargain
A US court has agreed to Kuehne + Nagel’s (K+N) plea bargain with the US Department of Justice (DoJ). K+N will pay the DoJ a US$9.9 million fine for price fixing on air cargo surcharges.The court recognised K+N’s “substantial assistance to the US authorities through its early and extensive cooperation ...
-
News
Turkish cargo climbs
TURKISH Airlines total cargo carried increased 22.5 per cent from January to September 2011 compared to the same period of 2010.“The figures thus indicate more moderate growth and we expect to end this year with an approximate 24 per cent increase in air cargo volume carried,” Soner Akkurt (pictured), Turkish ...
-
News
Cargo arms dealer incarcerated
‘THE Merchant of Death’ Victor Bout has been found guilty of dealing weapons to terrorists on cargo jets.Bout, 44, was extradited from Thailand to the US in 2010 for conspiring to kill US service personnel and to sell anti-aircraft weapons.Bout thought he was selling to the Colombian terrorist organisation FARC, ...
-
News
IAG Cargo receives -8F
IAG Cargo has taken delivery of the first of three 747-8 freighters.The freighters, through IAG brand British Airways World Cargo, will be supplied through a five-year wet lease agreement with Global Supply Systems Limited (GSS), a UK affiliate of Atlas Air, owner of the aircraft. British Airways World Cargo has ...
-
News
Panalpina expects stagnant year
FREIGHT forwarder Panalpina has lowered its airfreight market growth expectations for 2011 to zero per cent.The group’s third-quarter results show airfreight volume expanse was still affected by the profitability restoration programme initiated in 2010, where unprofitable business was discontinued. Cargo volumes were down by six per cent year-on-year (-3 per ...
-
News
Hactl adds two carriers
HONG Kong Air Cargo Terminals (Hactl) has signed a contract to handle cargo for S7 Airlines and Silk Way Airlines.Both airlines started services into Hong Kong (China) on 2 November. Azerbaijan’s Silk Way began twice-weekly freighter services on a 744F aircraft operating Hong Kong–Baku (Azerbaijan)–Istanbul (Turkey) –Milan Malpensa (Italy), returning ...
-
News
Crashed cargo pilots bodies recovered
THE two missing pilots of an Asiana Airlines 747 freighter, which crashed in the East China Sea off of South Korea on 28 July, have been found dead.The bodies of 52-year-old Choi Sang-ki and Lee Jung-woong, 43, were discovered near Jeju Island in South Korea.Controversy surrounded the crash, as Sang-ki ...