All articles by Air Cargo News (Admin) – Page 487
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LAM and TAM merger will create Latin American super airline
IN a surprise announcement, Brazil’s TAM Airlines and Chile’s LAN Airlines have announced the two will merge. Should they receive final approval from shareholders and regulatory agencies the combined company – to be known as LATAM Airlines Group – will become the largest in Latin America.“The group would be among ...
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Agility cleared to continue US military contract to December
DESPITE being in the middle of a fraud investigation that has seen the contract moved elsewhere, Agility has been given special dispensation to continue supplying US armed forces in Iraq until 4 December 2010.Vice-admiral Alan Thompson, director of the US Defense Logistics Agency (DLA), gave the logistics company “compelling reasons ...
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Mexicana woes continue, talks of merger
MEXICANA Airlines, which has filed for bankruptcy protection and cut 15 international routes, is now saying it needs US$150 million investment to keep flying.Mexico’s largest carrier lost $320 million over the last four years and has debts of almost $800 million. It blames its problems on having to pay its ...
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ANA gains JAL’s market share on cargo
WITH Japan Airlines (JAL) distancing itself from air cargo, All Nippon Airways (ANA) is moving in to exploit the vacuum.Since JAL filed for bankruptcy in January it has announced that it will solely use belly capacity instead of running freighters from the end of October. Its international cargo volume fell ...
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BAWC upgrades to Boeing 747-8F
BRITISH Airways World Cargo (BAWC) reported commercial revenue (flown revenue plus fuel surcharges) of £175 million for the first quarter of the financial year beginning April 2010. This represents an increase of 36.7 per cent against the same period last year. Excluding the impact of favourable exchange rate movements, commercial ...
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UPS earnings soar 71 per cent
UPS reported a 71 per cent jump over the adjusted earnings of the prior-year period. Global revenue increased 13 per cent, generating a 57 per cent increase in operating profit to US$1.4 billion.“UPS fired on all cylinders in the second quarter even in the face of a mixed global economic ...
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Cathay Pacific orders aircraft on back of record results
CATHAY Pacific has ordered 30 Airbus A350-900 aircraft and announced its intention to exercise existing purchase rights of six Boeing 777-300ERs.The total value of the intended aircraft purchases at list price is about HK$75 billion.The A350 extra widebody (XWB) will form the backbone of Cathay Pacific’s future mid-size wide-body fleet, ...
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Etihad accepts first A330-200 freighter
ETIHAD Crystal Cargo has received the first widebody A330-200 freighter. The aircraft will enter service in September this year.“The new aircraft will become a key part of our freighter fleet and make major contribution to building the strength and network of our cargo business,” said Etihad chief executive officer, James ...
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Cartel crazy
SOUTH Africa is the latest country to target eight international airlines for their part in a global airfreight cartel that started in 1996 and ran for 10 years. Competition Commission investigators allege that the cartel colluded to fix fuel surcharges on airfreight between 1996 and 2006.Air France-KLM, Alitalia, British Airways ...
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Lufthansa takes big risk with new rate rise policy
LUFTHANSA Cargo has sent out a letter to thousands of customers informing them of a 20 per cent rate rise around the globe from 1 October (see page 14 of current digital version). The letter also spells out a three euro-cents rise in security surcharges, bringing the rate to 20 ...
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UK airfreight slump hits Japanese giants hard
NO group of forwarders suffered as much in the UK market in 2009 as the large Japanese logistic companies.Hit by a dramatic fall in trade between the UK and Japan, combined with the withdrawal of the B747 freighter service between Tokyo Narita and London Heathrow, the CASS revenues have collapsed ...
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TSA meets screening deadline
DESPITE the complaining and predictions of it being missed en masse, the aviation industry successfully met the US passenger cargo-screening deadline on 1 August.In June, a Government Accountability Office report suggested the US Transportation Security Administration (TSA) would struggle to meet the deadline. That it managed to do is a ...
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Boeing predicts solid air cargo growth
A FORECAST released by Boeing suggests that the worldwide air cargo market will grow about 14 per cent this year, return to peak 2007 levels by end-2011 and then grow by five to six per cent annually over the next 20 years.The Boeing 2010 Current Market Outlook predicts average annual ...
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IATA claims no part in cartel
IATA denies that it had any part to play in the air cargo cartel that South Africa is currently investigating.Last week South Africa announced that it was considering whether to prosecute eight airlines for their alleged part in a decade long conspiracy to defraud forwarders on cargo fuel surcharges.IATA has ...
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Atlas Air starts Dreamlifter services
ATLAS Air has launched its Dreamlifter service for Boeing. This follows the previously announced nine-year agreement that abruptly took the contract away from Evergreen.The Dreamlifter aircraft have been specially modified by Boeing to transport major assemblies for its 787 Dreamliner from suppliers around the world to Boeing production facilities in ...
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South Africa next to target cargo cartel
SOUTH Africa’s Competition Tribunal is considering the prosecution of eight airlines for their part in a global airfreight cartel that started in 1996 and ran for 10 years.Competition Commission investigators allege that the cartel colluded to fix fuel surcharges on airfreight between 1996 and 2006.Air France-KLM, Alitalia, British Airways, Cargolux, ...
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BA pulls other carriers into cargo price-fixing lawsuit
BRITISH Airways (BA) has issued legal proceedings against 24 other airlines to make them equally responsible for any fines that the court gives it.BA is being sued by almost 250 companies after pleading guilty to being part of an air cargo price-fixing cartel.According to a statement from Hausfeld & Co, ...
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US drops Agility subsidiary charges
AGILITY’S woes have lessen just a little with news that the US is planning on dropping the charges for fraud against one of Agility’s subsidiaries.“The United States Attorney's office in Atlanta on Monday moved to dismiss an indictment against Agility DGS Holdings, a PWC/Agility subsidiary,” Agility said in a statement. ...
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Lufthansa Cargo MD-11 crashes in Riyadh
A LUFTHANSA Cargo MD-11 freighter crashed this morning at 11.38 am (local time) in Riyadh (Saudi Arabia).The freighter – Flight LH 8460 – was on a flight from Frankfurt to Hong Kong with stopovers in Riyadh and Sharjah. The two-man crew survived the crash and are currently being treated in ...
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‘Predators’ poised to dominate
MARC Boudier, the long-serving ex-executive vice-president of Air France Cargo, once described the growing Middle East carriers as ‘predators’ as they syphoned off growing amounts of the legacy carrier’s air cargo trade – particularly between Europe and Asia.It now appears that rather than a growing irritant, Middle East carriers are ...