All articles by Air Cargo News (Admin) – Page 484
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Panalpina’s painful saga in Nigeria reaches closure
PANALPINA has announced the final resolution of claims against the company arising from a US Department of Justice (DoJ) and US Securities and Exchange Commission (SEC) investigation into corrupt practices, centred on activities in Nigeria.Under the terms of the agreement Panalpina will pay a total of some US$81.9 million in ...
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Asian goals for Helsinki
HELSINKI is looking to get a larger share of cargo flows between Asia and a number of markets within its reach, from Finland’s Scandinavian neighbours to Russia and the Baltic States.These ambitions received a large shot in the arm in the spring, when Finnair launched freighter flights to Hong Kong ...
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EU fines airlines US$1.1 billion
EUROPE has fined 11 airlines €800 million (US$1.1 billion) for their part in price fixing airfreight fuel and security surcharges. The cartel ran from late 1999 to early 2006.EU Competition Commissioner, Joaquin Almunia (right), said: “It is deplorable that so many major airlines coordinated their pricing to the detriment of ...
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Airfreight does not need 100 per cent scanning, says Shippers’ Voice
“KILLING the airfreight industry with draconian security procedures would be giving the terrorists a result they would long to see,” says Andrew Traill, managing partner of Shippers’ Voice, a logistics advocacy and information portal.He says 100 per cent scanning of airfreight would not only harm international trade, it would be ...
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Industry and governments must work together, says IATA
GOVERNMENTS need to make sure that they are not forced into making rash and hasty new aviation security requirements, in the wake of the cargo bomb plots.“The events in Yemen have put cargo security at the top of our agenda,” said Giovanni Bisignani, IATA’s chief executive officer. “Airfreight drives the ...
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Atlas Air Worldwide expects “record year”
ATLAS Air Worldwide Holdings (AAWH) announced increased revenues and earnings for the third quarter of 2010, reflecting improving commercial airfreight demand; better supply of wide-body, long-haul freighter aircraft; continued high ACMI aircraft utilisation; and an increase in commercial charter volumes and rates.The company revealed its net income rose 130 per ...
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Industry calls for calm after failed bomb plots
THE governments of the world, desperately wanting the public to see them acting in response to the al-Qaeda bomb threats, are preventing airfreight to be flown from Yemen to other countries. Those affected include the UK, France and now Germany.Internationally, newspapers and TV stations are using the event to stir ...
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BIFA hopes for no knee-jerk reaction to terrorism incident
THE British International Freight Association, says that whilst the UK Government is likely to review all aspects of air cargo security following the incident at East Midlands airport and overseas on Friday 29 October, there should not be a knee-jerk reaction.Director general, Peter Quantrill, said: “The issue requires attention to ...
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BA World Cargo revenue up for first half year
BRITISH Airways World Cargo has reported commercial revenue (flown revenue plus fuel surcharges) of £350.2 million for the first half of the financial year beginning 1 April, 2010. This represents an increase of 39.4 per cent against the same period last year, including a favourable exchange movement year-on-year.Volumes of 2,294 ...
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China Southern joins SkyTeam cargo alliance
CHINA Southern Airlines has become a full member of the SkyTeam Cargo alliance.The addition of China Southern Cargo to SkyTeam Cargo will significantly strengthen its global footprint. With its extensive domestic route network and strong exposure in Central Asia, Northeast Asia and the Middle East, China Southern Cargo will greatly ...
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Karagandy makes play as ‘perfect location’
KARAGANDY Airport is on the rise, proclaiming itself to be ‘the new cargo hub in central Asia’. Although it faces stiff competition, not only in Kazakhstan, but in the region as a whole, Karagandy certainly has some unique assets that are proving increasingly popular with freighter airlines.“Central Kazakhstan is right ...
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Industry strives to heal the wounds
AS the great and the good of the air cargo industry gather in Amsterdam this week for the Air Cargo Forum, leading associations are undergoing a remarkable change in attitude, that they hope will help solve some of the bitter disputes between the major players in the logistics supply chain.IATA, ...
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US charges Cargolux executives for price-fixing
CARGOLUX’S chief executive officer, Uli Ogiermann, and Robert Van de Weg, senior vice-president of sales and marketing, have been accused of conspiring to fix air cargo surcharges to and from the US.The US alleges that Ogiermann was involved in the cartel from October 2001 to February 2006, Van de ...
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Panalpina pays Nigerian bribery settlement
INTERNATIONAL freight forwarder, Panalpina, is negotiating a US$85 million settlement for its alleged part in a Nigerian bribery case.US prosecutors claim Panalpina and several of its oil and gas customers, including Royal Dutch Shell, Nabors Industries, Schlumberger, Transocean and Noble, paid Nigerian officials to fast track their airfreight across national ...
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Delhi charges agents before facility finished
REGULATORS have given Delhi International Airport (DIAL) a slap on the wrist when they caught it imposing ‘special fees’ to cargo agents and carriers for a cargo sorting service that was not yet operational.The Airport Economic Regulatory Authority (Aera) found the DIAL had imposed the fees earlier in the year ...
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Boeing delays will leave Cathay short
CATHAY Pacific’s freighter fleet may shrink next year due to delivery delays of Boeing’s 747-8 freighter. The new model freighter was due for delivery in January 2011 but the latest date is now estimated to be August.The airline is said to be considering short-term plane leases to replace the missing ...
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TNT to lease three 777 freighters
TNT Airways and Guggenheim Aviation Partners have signed an agreement for the delivery and lease of three new Boeing 777-200LR freighters. The first aircraft will be delivered and enter service by July 2011. The other two will enter service by the end of 2011.The 777 freighters will operate on long-haul ...
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Whistleblower sues Atlas Air for unfair dismissal
A FORMER Atlas Air executive is suing the airfreight company for allegedly being fired after he complained about illegal practices.Todd Andaya, former project managing director, said the company dismissed him in November last year when he said the company’s financial irregularities “violate federal and state law and constitutes fraud upon ...
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Freight forwarders plead guilty to cargo price fixing
SIX international freight forwarders have pleaded guilty to conspiring to fixing fees and charges on air cargo shipments to the US between 2002 and 2007.The six have agreed to pay fines totalling US$50.3 million: BAX Global ($19,745,927), EGL (now CEVA, $4,486,120), GeoLogistics International ($687,960), Kuehne + Nagel (K+N, $9,865,044), Panalpina ...
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ACS takes on its own cargo aircraft
AIR Charter Service has recently re-introduced its managed fleet, initially taking on one European-registered Antonov An-26.The company claims that after only one week of operations the aircraft already hit its target for the whole of the first month of flying. The aircraft has been used exclusively within the ad-hoc charter ...