All articles by Air Cargo News (Admin) – Page 490
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News
Cargoitalia gets new MD-11F
BOEING has delivered Cargoitalia’s third MD-11 freighter under a long-term lease.Boeing Capital Corporation, the company’s aircraft financing arm, structured the deal for the newly completed MD-11 Boeing Converted Freighter (BCF), with Boeing conducting the modification work at its subcontractor facility in Singapore. Following its acceptance by Cargoitalia, the aircraft flew ...
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Qantas sells express airfreight to Toll
QANTAS has sold its Asian express airfreight business to the Toll Group.The sale of the DPEX Group – Asia's biggest independent express business – excludes the airline’s stake in the DPEX Australian operation. Its completion is also subject to approval by the Chinese competition authorities as both Qantas and Toll ...
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Aviation’s forecasted loss flip flops to profits
FORECASTED profit for the global aviation industry has increased to US$2.5 billion in 2010. This is a complete turnaround from IATA’s previous forecast in March of a $2.8 billion loss.Industry revenues are expected to be $545 billion for the calendar year. This is up from the $483 billion in 2009, ...
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Cathay Pacific launches round-the-world freighter service
CATHAY Pacific Airways will launch its first round-the-world freighter service on 9 July. The new route will initially be operated twice weekly, every Friday and Sunday, using a Boeing 747-400 freighter. The flight will leave Hong Kong and fly via Anchorage to Chicago. From there it will fly onward to ...
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Volcano disrupts Latin American cargo
CENTRAL America airfreight is still reeling after first the eruption of Guatemala’s Pacaya volcano and now being hit by tropical storm Agatha.Guatemala City’s international airport – La Aurora – was closed for five days while ash and sand was removed from the runways and roads, a cleaning operation that was ...
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Hactl record month for May
HONG Kong Air Cargo Terminals Limited released its tonnage throughput for May 2010. Hactl again achieved another record high in the month – the highest daily tonnage throughput which was reached on 13 May 2010, with a total of 10,184 tonnes of air cargo handled on that day, breaking the ...
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Volcanic impact on freight revealed
ALTHOUGH the volcanic ash disruption that resulted in massive flight cancellations had a big effect on the recovery in passenger volumes and revenues, the impact on cargo was less severe. Although year-on-year growth for April was not as buoyant as in March it still represented a healthy recovery in trade ...
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Swire, Cathay pull out of Hactl
SWIRE Pacific and Cathay Pacific have agreed to sell their stakes – nearly 20 per cent and 10 per cent respectively – in Hong Kong Air Cargo Terminals Limited (Hactl). This will allow them to focus on Cathay Pacific’s own cargo terminal due to start operations in 2013.The sale is ...
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China’s big three told to merge cargo
CHINA’S government has decreed that the country’s three main airlines – Air China, China Eastern and China Southern – have to merge their cargo operations.The authoritarian move is an attempt to challenge foreign carrier’s dominance of the market. About 70 per cent of the international air cargo in China is ...
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A380F on “backburner” or “write-off”
AIRBUS’ chief executive officer, Tom Enders, has admitted that the A380 freighter version is on the “backburner”.Speaking at the delivery of Lufthansa’s first A380 in Hamburg (Germany), Enders said that it was important for the aircraft manufacturer not to overstretch itself when market conditions are only just improving.With the whole ...
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Farmer destroys Carlisle airfreight plans
PLANS to develop Carlisle Airport into a freight storage and distribution centre have been scuppered by a local Irthington farmer, Thomas Brown.Brown went to the Court of Appeal, which has now ruled that the authority should have conducted a full environmental-impact assessment before approving Stobart Air’s plans for the airport.Stobart’s ...
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UPS axes 260 pilots
UPS is to lay off Alaska-based 260 pilots this year in reaction, it says, to the US recession.“I left a major airline carrier to come to work for UPS,” said pilot Will Goolsby. “I’m feeling a little bit misled, betrayed that we're being let go now, especially [since] it appears ...
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BAWC struggles through 2009
BRITISH Airways World Cargo (BAWC) has posted revenues of £550.3 million for the financial year 2009/10, a fall of 18.2 per cent from the same period last year. In addition, commercial revenues were down 26.1 per cent.Volumes were 2.2 per cent down to 4.5 million cargo tonne kilometres (CTKs). Cargo ...
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Ceva buoyant in first quarter
CEVA Logistics has posted a 73 per cent rise in profits for the first quarter. Pre-tax revenue rose from €30 million in the first quarter of 2009 to €52 million. Sales were up 14.3 per cent to €1.49 billion. This is compared to 2009’s drop in revenues by 28.5 per ...
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Aeroflot Cargo bankruptcy finalised
THE final nail has been hammered into Aeroflot Cargo’s bankruptcy coffin. Announced last year, the bankruptcy has now been approved by Moscow’s Arbitration Court.The cargo subsidiary of Aeroflot had debts of US$140 million when it had its operator certificate suspended last November.Aeroflot has subsequently stated that the fleet of three ...
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Sultan honest about Agility troubles
TAREK Sultan (right), Agility’s chairman, has admitted that the company’s difficulties in 2010 will make recovery “challenging”, but he is still hopeful for the future.In 2010, on top of the global recession and the closing of several large military contracts, Agility also had a lawsuit brought against it by the ...
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AirAsia prioritises cargo business
ASIA’S largest low-cost carrier, AirAsia, is aggressively developing its cargo business. The airline has made airfreight a major area of development in 2010 and expects its cargo revenue to grow by more than 40 per cent from last year.Sathis Manoharen, AirAsia regional head for cargo, said, “We’ve been signing up ...
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Dubai projects 48 per cent cargo growth
DUBAI Airports is forecasting a 48 per cent increase in freight volumes for cargo traffic at Dubai International (DXB) and Dubai World Central (DWC) Al Maktoum International over the next five years.Cargo tonnage, which totalled 1.9 million in 2009, will exceed 3 million tonnes by the end of 2015. In ...
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Forwarders caught up in bribery scandal
EMPLOYEES from Eagle Global Logistics (now CEVA) and Panalpina are alleged to have bribed employees of a US military subcontractor over airfreight contracts in Iraq.In a lawsuit brought against KBR – the world’s largest defence services provider – the US Department of Justice claims the two companies gifted KBR employees ...
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Yusen starts recovery from record low
JAPANESE forwarder Yusen Air & Sea Service (YAS), the logistics arm of NYK line, made US$16.6 million in the financial year 2009/10, an increase of 42.6 per cent from last year’s record low.However, the group’s operating revenue for the year fell 26.3 per cent to $1.3 billion operating profit fell ...