All articles by Air Cargo News (Admin) – Page 486
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Double-dip air cargo recession “unlikely”
FIGURES suggest a double-dip recession in air cargo is now unlikely, report IATA. Writing in its Cargo e-Chartbook Q3 2010 the aviation organisation said that while there are still uncertainties about the general global economic outlook, current conditions in cargo markets remain positive.“Airfreight has entered a slower phase of expansion ...
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UPS freighter on fire before crash
INVESTIGATORS into the recent UPS freighter crash in Dubai, which killed both pilots, have confirmed a fire broke out in the cargo compartment before the crash.The investigators are now looking into whether there were any lithium-ion batteries onboard, which have already raised safety concerns about their inclusion on flights.“The frequency ...
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Stop complaining, says FAA to American over record fine
THE record US$24.2 million fine levied against American Airlines (AA) for poor maintenance of its aircraft could have been more than 10 times as bad, says the Federal Aviation Administration (FAA).AA was hit with the monster fine after the FAA consistently found maintenance procedures had not been properly followed since ...
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Singapore Airlines names new CEO
SINGAPORE Airlines has made Goh Choon Phong (right) its chief executive officer. Goh replaces Chew Choon Seng, who retires at the end of the year.Goh will take over from 1 January, 2011. He is currently executive vice-president for marketing and regions, as well as chairman of SilkAir.Goh has worked at ...
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Agility fraud charges could be dropped on a technicality
FRAUD charges against Agility may be dropped on a technicality. A US magistrate ruled that the Department of Justice (DoJ) did not follow correct procedure in its phrasing of the paperwork associated with the initial charges.The magistrate ruled that the charges against Agility’s US-based subsidiary, Agility DGS Holdings, should be ...
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BA, Iberia plan future buy outs
WITH their merger not even finalised, British Airways (BA) and Iberia are already drawing up plans for future acquisitions, with 12 secret targets currently listed.BA’s and the future BA-Iberia’s (International Airlines Group) chief executive officer, Willie Walsh, said: “In our discussions with colleagues in Iberia we have looked at airlines ...
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Polar Air Cargo fined $17.4m for pricefixing
POLAR Air Cargo has pleaded guilty and agreed to pay a US$17.4 million fine for conspiring to fix airfreight charges.Polar Air Cargo and its accomplices fixed prices between the US and Australia between 1 January, 2000 and 30 April 2003. Its accomplices continued with the conspiracy until 14 February 2006.Atlas ...
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Volga-Dnepr ramps up its freighter fleet
VOLGA-Dnepr Airlines of Russia has confirmed it will take delivery of its fourth and fifth new generation Il-76TD-90VD freighters in 2011 and 2012, as it continues to receive strong international demand for the aircraft.The Russian outsize and heavyweight cargo airline took delivery of a third Il-76TD-90VD in May and, according ...
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New Zealand charges international freight forwarders
NEW Zealand is charging multinational freight forwarders for fixing surcharges and fees on airfreight to and from New Zealand from 2001.Those companies charged are: the Brinks Company and Bax Global (before it was bought by the Deutsche Bahn Group); several DB Schenker companies (also of the Deutsche Bahn Group); Eagle ...
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Centurion buys Arrow Cargo in auction
DEPENDANT on final court approval at a sale hearing on 7 September, Centurion Air Cargo has bought the bankrupt Arrow Air Cargo.In a Miami auction on 25 August, Centurion looks to have finally managed to seize the assets of Arrow after months of circling the troubled carrier.For the full story ...
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Green light for Air China, Cathay joint venture
AIR China has received approval to start an air cargo joint venture with Cathay Pacific Airways. Permission from China’s National Development and Reform Commission was the final obstacle to starting operations in the last quarter of the year.Negotiations between the Chinese flag carrier and Cathay Pacific, in which Air China ...
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Northwest Cargo fined USD38m for pricefixing
A US judge has fined Northwest Airlines Cargo US$38 million for price-fixing air cargo charges.Prosecutors proved that the division, which is no longer operating and whose parent Northwest Airlines is now part of Delta Air Lines, conspired to fix airfreight rates in the US and overseas from July 2004 to ...
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Bout extradition to US hits problems
THAILAND has agreed to extradite air cargo arms dealer, Viktor Bout, to the US but legal wranglings may still see him go free.“The court has decided to detain him for extradition to the US,” Judge Jitakorn Patanasiri said. “This case is not political, it is a criminal matter.” Although, the ...
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Investors quit Chinese cargo airline
TAIWANESE investors have pulled out of the Chinese cargo airline, Yangtze River Express, blaming poor results.Taiwan’s China Airline, Yang Ming Marine Transport and Wan Hai Lines withdrew their respective 25-, 12- and six-per-cent stakes.“We decided to pull out because of lacklustre performance,” said a China Airlines spokesperson.Founded in 2002, Yangtze ...
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Surcharge sham
INDEPENDENT freight forwarders have reacted angrily to Lufthansa’s move to increase security surcharges, alongside a stated 20 per cent increase in rates.The contentious move to raise both rates and the security surcharge was exclusively revealed in the 9 August issue of Air Cargo News.Dr Andreas Otto (right), in his letter ...
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Upbeat Emirates expects to take all its freighters
THERE are still no signs of a double dip recession, and Emirates expects ultimately to deploy all the widebody freighters ordered on its behalf by Dubai Aerospace. Such is the bullish outlook from Ram Menen (right), divisional senior vice-president cargo at Emirates.“The market has done exactly what we predicted it ...
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Etihad reveals new A330F routes
ETIHAD’S two new A330-200Fs will be deployed to Hahn in Germany, Tripoli and Milan, Ndjamena and Nairobi, and Beijing when they enter service on 1 September and ?1 October, according to Roy Kinnear (right), senior vice-president of Etihad Crystal Cargo.The carrier’s four existing freighters – two leased MD-11Fs and two ...
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Final appeal looms for Bout
THAILAND is giving its final ruling on Friday whether to extradite infamous arms smuggler, Viktor Bout, to the US.“I have been informed by officials that the court will make a ruling this Friday,” said his lawyer, Lak Nittiwattanawichan. “Whatever the decision is, we will respect it.”Thailand has been caught in ...
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Korean Air cargo success stolen by strong won
KOREAN Air Lines has flipped its operating loss of 127.3 billion won (US$107.9 million) for the second quarter last year in to an operating profit of 352.1 billion won ($299 million).Cargo sales leapt 86 per cent to 1 trillion won ($850 million) thanks to increasing sales of Samsung electronics and ...
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Qantas, Australia Post to merge joint ventures
QANTAS plans to merge the two joint freight ventures it operates with Australia Post – Australian Air Express (AAE) and Star Track Express.The Australian carrier hopes that the proposed merger will cut costs and invigorate both ventures’ performance, which have been lacklustre and “haven’t moved substantially” unlike Qantas’ own freight ...