All articles by Air Cargo News (Admin) – Page 498
-
News
Airbus delivers first European A380 to Air France
AS Air France takes delivery of its first Airbus A380, Airbus itself announces it is to delay delivery of more of the aircraft due to customers’ financial problems.The French carrier is the first European airline to fly the all-new double-decker aircraft on scheduled services. The aircraft was handed over in ...
-
News
Hactl posts first growth in 16 months
HONG Kong Air Cargo Terminals Limited (Hactl) has – with its September traffic figures – posted its first monthly volume gain since July last year.September tonnage further stabilised from previous months with a total of 212,391 tonnes handled, registering a milder drop of 4.3 per cent year-on-year. Tonnage performance in ...
-
News
BA pleads guilty for Canadian price-fixing
BRITISH Airways (BA) has pleaded guilty and subsequently been fined C$4.5 million (US$4.1 million) for participating in an air cargo cartel affecting Canada.The UK carrier admitted to fixing surcharges on the sale and supply of international air cargo exported on certain routes from Canada between April 2002 and February 2006.“The ...
-
News
Improving figures misleading, says IATA
FIGURES for freight traffic in September show demand is improving, although only slowly and not as much as an initial reading suggests.The International Air Transport Association (IATA) reported demand for international cargo was 5.4 per cent below September 2008 levels. This compares to figures for August, which showed a 9.6 ...
-
News
Atlas profits shoot up 181 per cent
ATLAS Air’s third-quarter profits grew 181 per cent compared to the same period last year. Atlas, the parent of Atlas Air and Polar Air Cargo, has managed to pull its finances around after posting a 51.9 per cent drop in profits in 2008. For the three months ending 30 September, ...
-
News
UPS third-quarter down nearly a half
UPS’ third quarter results reveal a 43 per cent drop in profit and a 15 per cent drop in revenue compared to the same period last year.Net income was down to US$549 million compared to $970 million a year ago.Revenue was down to $11.2 billion from $13.1 billion over the ...
-
News
Australia widens cartel investigation
AUSTRALIA’S competition regulator – the Australian Competition and Consumer Commission (ACCC) – will widen its net and attempt to prosecute even more airlines for their alleged part in airfreight cartel behaviour.The latest airline – the 11th – to be targeted is Thai Airways. The ACCC says that at a federal ...
-
News
Aramex manages to post third-quarter profit
ARAMEX announced its financial results for the three months ending 30 September. The company declared a net profit of AE$41.7 million (US$11.3 million) for the period, an increase of 23 per cent compared to AE$33.9 million in the corresponding period of 2008. Revenues for the third quarter of this year ...
-
News
Panalpina and Atlas extend cooperation agreement
PANALPINA and its long-time airline partner, Atlas Air, have renewed their cooperation agreement. Within this cooperation, Panalpina provides own-controlled capacity between Europe, North America and Mexico and links the company’s oil & gas hubs. The capacity of the service called ‘Dixie Jet’ is managed by Panalpina, while the Boeing 747F ...
-
News
New joint venture launches behind Air China Cargo
CHINA’S airfreight recovery is speeding up as Cathay Pacific, Dragonair and Air China negotiate operating Air China Cargo as their own new joint venture.The cargo airline became a wholly owned subsidiary of Air China after the latter bought controlling shares from CITIC Pacific and Beijing Capital International Airport. How Cathay ...
-
News
DHL executives sacked after huge UK theft operation discovered
DHL Global Forwarding has sacked UK Regional Director David Stroud and Import Manager Lee Cook after it was revealed that its warehouse at London Heathrow had been subject to organised and major theft operations by its own staff.In addition, UK airfreight director Mark Wardman has resigned from his position in ...
-
News
Rate rise fiasco
FREIGHT forwarders are scratching their heads over airlines’ pricing policy. Some have been hurt by rate hikes as the airlines had earlier signalled, whereas others are still waiting to see prices go up.Lufthansa Cargo had given the first signal of impending rate hikes in late August, telling customers that it ...
-
News
Gatwick sold as BAA break up begins
BAA is selling Gatwick Airport to US-based investment firm Global Infrastructure Partners (GIP) for £1.5 billion.The BAA had been ordered to sell three of its seven UK airports including Gatwick and Stansted, following the UK’s competition Commission’s 2008 ruling that BAA held a monopoly on airports in the south east ...
-
News
Tanzania moves to limit corruption
A RULING to limit forwarding licences in Tanzania is actually a sign that harsher regulations are imminent, regulations designed to curb corruption in Dar Es Salaam forwarding.Tanzania’s government has decreed that it will approve no more operating licences for forwarding agents for the rest of this financial year. Walid Juma, ...
-
News
Kuehne and Nagel predicts better Q4 than 2008
SWISS logistics group Kuehne + Nagel has predicted that its airfreight business will improve on last year’s figures in the fourth quarter. This follows on from steady recovery over the last quarter.Chief financial officer, Gerard van Kesteren, said that final-quarter volumes would be higher compared with the same quarter last ...
-
News
ANA hires Globe in France
ALL Nippon Airways has appointed Globe Air Cargo as its general sales agent in France as the airline boosts its cargo capacity between Paris and Japan by over 30 per cent with the addition of more Boeing 777 operations.Globe Air Cargo, part of the European Cargo Services group, will market ...
-
News
Warning over Iran trade
THE British International Freight Association (BIFA), is urging its membership which includes most of the UK’s freight forwarding companies, to be aware that new sanctions being taken by the United States against Iran may make them subject to punitive action by the US Government should they be judged to have ...
-
News
Airports create new ‘sister act’
ABU Dhabi International Airport and Chicago O’Hare International airport signed a Memorandum of Understanding to become ‘sister airports’, in a unique twinning arrangement which will see the sharing of technical, commercial and environmental best practices.Under the agreement, the airports will set up joint working groups to evaluate ways in which ...
-
News
Thai signs up Southern’s B777Fs
THAI Airways is to take two Southern Air Boeing 777-200 Long Range Freighters to operate initially on Bangkok to Europe services.Pruet Boobphakam, Thai executive vice-president commercial and acting managing director of cargo & mail commercial department, said that under the Aircraft Block Space Agreement, Thai has acquired all of the ...
-
News
Routes and services update
VOLGA-Dnepr’s AirBridgeCargo has introduced a new freighter service between Amsterdam Schiphol (The Netherlands) and Almaty (Kazakhstan), which will route via Moscow Sheremetyevo Airport.EMIRATES Airline is to expand its services to and from Kerala (India) by nine flights per week from 1 December. This brings the total flights for Emirates to ...