All articles by Air Cargo News (Admin) – Page 495
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News
Hactl traffic stabilises
HONG Kong Air Cargo Terminals Limited (Hactl) handled 2,323,605 tonnes of cargo in 2009, representing a year-on-year reduction of 8.3 per cent. Total volumes handled by Hactl for December and the fourth quarter were 232,476 tonnes and 699,489 tonnes, registering a growth of 38.5 per cent and 17.9 per cent ...
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A rise in yield or a loss of market share
REBUILDING load factor and yield is the focus at Air France-KLM Cargo, as the carrier lags behind its Asian rivals in traffic performance, but reports continued improvement in unit revenues.In December, the group’s traffic, as measured in freight tonne kilometres, was down 8.5 per cent year-on-year, while in November it ...
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Multinationals hike US rates
WHEN a swathe of major airlines publicly announced rate rises in late summer 2009, the reaction was one of derision from major forwarders. They said that raising rates in a recession was madness and that the process was doomed to fail from the start.Yet now, beginning in the US, integrators ...
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Cargolux recapitalises to cover losses
THE need to meet the requirements of bank finance agreements following substantial losses in the fiscal year 2008-9, was behind a major recapitalisation of the carrier announced on 30 November, according to its chief executive officer, Ulrich Ogiermann (right).The deal saw existing shareholders – including Luxembourg carrier and handler Luxair ...
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Amazing aid effort
THE air cargo industry has responded with lightning speed, great ingenuity and huge generosity following the devastating earthquake that struck Haiti at 16.53 local time on 12 January.Within an hour of the disaster striking the capital Port-au-Prince, charter broker emergency response plans leapt into action. UN general secretary Ban Ki-moon ...
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DHL donates Wilmington air park
DHL Express has donated Ohio’s Wilmington Air Park to the local Clinton County Port Authority. The airport and its 1,500 acres of land have been valued at $62.2 million.When DHL moved out of the park the town lost 8,000 jobs and the authority is hoping to draw new employers to ...
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Cathay Pacific December figures
CATHAY Pacific and Dragonair traffic figures for December 2009 show a sharp growth in cargo and mail tonnage compared to December 2008. However, this growth is distorted by the dramatic drop in demand last year. For 2009 as a whole, both passenger and cargo traffic showed a decline compared to ...
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Japan Airlines files for bankruptcy
JAPAN Airlines (JAL) has filed for bankruptcy protection following months of financial uncertainty. The government-sponsored Enterprise Turnaround Initiative Corporation (ETIC) will now drive JAL’s overhaul with a pre-packaged restructuring plan to remedy the inefficiencies that led to its 1.5 trillion yen (US$16 billion) debt.Plans so far suggest that JAL will ...
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Air China gets cash for buy out
AIR China is to receive a US$220 million government subsidy to buy out Air China Cargo. However, Air China’s company secretary, Huang Bin, said that “the detailed capital injection scheme has not been confirmed yet”.The plan, which was first touted as long as April last year, would see Air China ...
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Zen and the art of airline maintenance
JAPAN’S prime minister, Yukio Hatoyama, has appointed Zen monk and business guru, Kazuo Inamori as the head of troubled Japan Airlines (JAL).Inamori is well known as one of the country’s most respected entrepreneurs, having founded two blue chip companies – as well as an ordained Zen monk and his books ...
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AeroLogic expands network
AEROLOGIC, the joint venture cargo airline of DHL Express and Lufthansa Cargo, is expanding its network, following delivery of two additional aircraft last month. The company is now introducing new daily flights from Leipzig to Hong Kong, four of them non-stop, and weekend flights from Frankfurt to Atlanta and Chicago ...
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Cargoitalia adds Dubai and Chicago
FOLLOWING the start to its operations in September 2009, Cargoitalia is adding two new destinations to its network.From 16 January, the airline will start a bi-weekly service to Dubai. This new stop on its Wednesday and Saturday service to Hong Kong replaces the outbound technical stop in Almaty, which is ...
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More cargo corruption at Chennai Customs
YET more customs officials at Chennai (India) have been found guilty of accepting bribes to clear cargo.A local forwarder of electronics complained to the anti-corruption branch of the Central Bureau of Investigation (CBI) after the officials demanded a bribe to clear his consignment of circuit boards shipped in from Colombo ...
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UPS shake up will mean 1,800 job losses
UPS is to restructure its US operations with the loss of 1,800 jobs. In the plans, the company will operate three instead of five regions and 20 instead of 46 districts.UPS spokesman, Norman Black, said that the restructure will start in April. Some of the offices shut will include the ...
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JAL bankruptcy fears delay NCA merger
POOR Japan Airlines (JAL). At the start of December it looked like it had been given a reprieve from having to sell itself to a US carrier by the Japanese government giving it a loan for ¥700 billion (US$7.8 billion) – its fourth handout since 2001. Now the sense of ...
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Air cargo’s fall from grace
WHERE did it all go wrong? A few short years ago cargo was the darling of airline boardrooms around the world. Volume growth was outstripping passenger departments, airlines were happy that the contributions were adding generously to the bottom line and Boeing, Airbus and others were predicting 20 years of ...
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Forecast 2010
LOTS of factors could upset the apple cart in 2010, starting with the behaviour of European and US consumers. Governments in the west have spent tens of billions to prop up their financial sectors and stimulate their economies, and sooner rather than later will have to draw in their horns. ...
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Global airfreight demand growth led by Asia Pacific
IATA’s traffic results for November 2009 show global airfreight demand was up 9.5 per cent over November 2008. However this was an exaggerated improvement due to the sharp fall in demand experienced during the second half of 2008.Demand is 20 per cent better than the low point in December 2008, ...
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US Air NZ cargo manager implicated in cartel
ANOTHER senior Air New Zealand manager has been implicated in the alleged anti-competitive global air cargo fuel surcharge cartel being investigated by New Zealand’s Commerce Commission.California-based regional cargo manager for the Americas, Salvatore Sanfilippo, is now the seventh defendant, along with five other Air New Zealand employees, in the case, ...
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Forwarder “vindicated” against US military fraud claims
THE founder of New York-based National Air Cargo has been “vindicated” from allegations of fraud. Christopher Alf (left) and his wife Lori are now back on the forwarder’s board of directors after a district judge ruled that the US military’s reasons for debarment were “logically flawed”.“Based on the materials submitted ...