All articles by Air Cargo News (Admin) – Page 497
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US government joins Agility fraud case
THE US government has joined the private lawsuit brought against Agility, trading under its old name of Public Warehousing Company (PWC), for fraud against the US military.The case was initially filed by Kamal Mustafa Al-Sultan, the owner of a Kuwaiti company that originally partnered with PWC to submit a proposal ...
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AF-KLM takings down 40 per cent
AIR France-KLM (AF-KLM) Cargo revenue plummeted over 40 per cent in the second quarter ending 30 September to US$851 million from $1.4 billion last year. Cargo traffic fell 16.8 per cent on top of a 17.9 per cent cut in capacity. In terms of net profit the carrier lost $219 ...
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JAL scores another government bailout
AFTER months of negotiation struggling Japan Airlines (JAL) has finally secured another government loan. This is the fourth time since 2001 that the Japanese carrier has managed to persuade the government for much-needed funds.The exact amount of the loan has not been disclosed but the airline said it was “funds ...
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Agility charged with fraud against US Army
AGILITY, the Kuwaiti forwarding company, has been charged with fraud against the US military. The US government alleges that over a 41-month period that Agility – trading under its old name of Public Warehousing Company (PWC) – overcharged the US Army out of US$60 million on a series of food ...
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Beware, the LCCs are coming
AFTER what has happened to the dynamics of the passenger airline business, the announcement by easyJet that it is launching a pilot air cargo project should be enough to send shivers down the spines of legacy airline cargo directors.The biggest European low-cost carriers (LCCs), Ryanair and easyJet, have traditionally shied ...
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Atlas Air confounds critics of ACMI model
CRITICS of the ACMI model have often predicted that the global recession would have a devastating affect on the sector, as airlines pull out of contracts and retrench freighter operations that are currently, almost universally, unprofitable.However, Atlas Air seems to have confounded its critics by posting impressive Q3 results and ...
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Cargojet and LOT launch pioneering venture
LOT Polish Airlines in cooperation with Canadian all-cargo airline Cargojet, is planning to open the first direct freighter connection between Poland and North America.Cargojet has entered into a strategic aircraft wet lease agreement with LOT the Polish flag-carrier, effective from 7 November 2009.The return flights from Toronto to Katowice will ...
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BAWC half-year revenue down a third
BRITISH Airways World Cargo’s (BAWC) revenue was down by nearly a third for the first half of this financial year. The cargo carrier brought in only £250.6 million for the period, a decrease of 30.9 per cent against the same period last year.Volume was down 8.1 per cent to 2,240 ...
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Midex launches $500 million airfreight fund
MIDDLE Eastern cargo carrier, Midex Airlines, has launched a fund worth AE$1.8 billion (US $500 million) so it can invest in airfreight in the region over the next five years.“The Midex Investment Fund [is] a major step to exploring the promising investment potentials...[of] the airfreight map, not only in the ...
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BA pension deficit may stall merger
BA and Iberia’s merger talks are firming up. However, despite BA’s swaggering bravado, the airline’s pension deficit may cause a turnaround in which of the two is the dominant partner in the negotiations.The merger talks, which have been ongoing for several years now, surged back into life last week. BA ...
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UAE to draw up blacklist of unsafe airlines
THE UAE is preparing a blacklist of unsafe airlines that will be forbidden from flying in its airspace.Saif al-Suwaidi, director-general of the General Civil Aviation Authority (GCAA) said that it is an attempt to start “cleaning up the market from those who are misusing the open-skies policy” after it was ...
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First 747-8 freighter rolls out
BOEING towed the first 747-8 freighter out of its Washington factory yesterday. The aircraft, ultimately destined for Cargolux, will now be painted and begin preparations for its flight test.“It is very rewarding to see this airplane transition to the flight test phase,” said Mo Yahyavi, 747-programme vice-president and general manager. ...
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New Chinese cargo start up gets first 757F
CHINA’s SF Airlines – due to launch later in November – has taken delivery of its first Boeing 757-200 converted freighter. The freighter is now being painted before entering service.SF Airlines is the offshoot of SF Express, which previously was only a Shanghai-based trucking company before it then started to ...
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SAS makes surprise profit
CONSIDERING how badly Scandinavian Airlines System (SAS) has been doing recently, posting its first profit in two years comes as a bit of a surprise.The airline says that cost cutting exercises and lower fuel prices allowed it to make 114 million crowns (US$16 million) in the third quarter. The result ...
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Cobham buy may be too optimistic
COBHAM Aviation Services Australia has bought three BAe 146QT freighters from BAE Systems to fulfil its renewed A$100 million (US$92.8 million) contract with Australian air Express (AaE). However, judging by AaE’s plunging profits, the decision may have been prematureSpeaking about the purchase, Steve Doughty, senior vice-president sales and marketing for ...
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First-timers going for gold at BIFA Awards
MORE first-time entrants have entered the British International Freight Association (BIFA) Freight Service Awards this year than ever before. Of these, seven have made it to the shortlist of 30 finalists.Peter Quantrill, director general of BIFA (right), said: “In these difficult times, we were a little worried that companies might ...
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New rules for a new era
AIR cargo has and is continuing to fundamentally change, following the collapse in trade that began just over a year ago – according to analysts presenting their findings at the annual Freighters World Conference.The historical link associating air cargo growth with global GDP growth appears to have been broken and ...
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Cargoitalia - the king is dead, long live the king
THE all-new Cargoitalia’s resurrection from the remains of the original and Alitalia Cargo, has been one of intense interest for the industry this year. Not least because any start up in this difficult climate usually brings the response: “Good luck to them but why now?”A good question indeed. Giacomo Manzon ...
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A330F takes off into a treacherous freighter market
THE new dedicated freighter variant of the A330 family completed its four-hour maiden flight from Toulouse on 5 November. This programme milestone marks the start of a 180-hour flight-test and certification campaign, paving the way for first delivery of the type to launch operator, Etihad Crystal Cargo, in the summer ...
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Australia overhauls supply chain security
AUSTRALIA is changing a law to make consignors of airfreight more accountable for their cargo.Transport minister, Anthony Albanese (right), said: “It is the government’s view that cargo which can either be transported by…air should, where possible, be certified for security purposes early in the supply chain.”“An example of this is ...