All articles by Air Cargo News (Admin) – Page 503
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Coyne Airways 2nd service to Tbilisi
COYNE Airways is adding a second weekly Boeing 747-400 freighter service to its hub in Tbilisi with effect from 1 July, 2009.In addition to its existing flight every Monday from London Stansted and Cologne to Tbilisi, Coyne has signed an agreement with Jade Cargo for further B747-400 capacity each Wednesday ...
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New DHL Lufthansa JV launched
AEROLOGIC, the joint venture cargo airline of DHL Express and Lufthansa Cargo, today officially started operations. With the delivery of its first Boeing 777F aircraft AeroLogic will serve the Europe–Asia trade lane. It’s first flight will be on 29 June.It will initially serve the express routes Leipzig – Bahrain – ...
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Nigeria seizes weapons cargo
A UKRAINIAN company’s cargo aircraft has been impounded by Nigerian authorities for carrying weapons.The Meridian An-12 landed for refuelling at Mallam Aminu Kano International Airport (MAKIA) on its way to Equatorial Guinea from Croatia. Suspicious of its incomplete cargo manifest, security searched it and found crates of various arms and ...
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China Cargo Airlines puts the pain aside to open new routes
CHINA Cargo Airlines is looking to expand its freighter route network, despite the current woes and overcapacity affecting the Chinese airfreight market. The carrier has applied for a number of new cargo routes after adding Tianjin as a stopover on its European routes in April.Derek Chen, vice-president of Shanghai-based China ...
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SkyCargo receives second B777F
DAE Capital, the aircraft leasing financial business arm of Dubai Aerospace Enterprise (DAE), has handed over the second Boeing 777 Freighter to Emirates SkyCargo.Six more Boeing 777 Freighters are expected to be delivered to DAE between 2009 and 2014.HH Sheikh Ahmed bin Saeed Al-Maktoum, chairman and chief executive of Emirates ...
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Olympic Handling gets new investment
OLYMPIC Airways has been bought by the Athens-based Marfin Investment group.Savas Aslanidis has taken over as cargo operations director of Olympic Handling, who previously held a similar position at Goldair Handling.“We need to recruit and train the right staff,” he said, “carry out major repairs and maintenance of the cargo ...
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Kent Airports May cargo traffic up
THE amount of cargo handled by Kent International Airport in the UK during May was up 68 per cent on the same month last year.Latest figures show 2,260 tons of freight was handled at the airport last month, in what is traditionally its off-season for import cargo.Matt Clarke (right), the ...
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Qatar joins Cargo 2000
CARGO 2000’s program to improve the quality of air cargo is increasing its coverage of the Middle East following Qatar Airways Cargo’s decision to become a regional associate member.The Doha-based airline says membership of Cargo 2000 will allow Qatar Airways Cargo to monitor its quality and delivery standards on the ...
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Iberia makes first transatlantic e-freight shipment
IBERIA has delivered Spain’s first transatlantic air cargo shipment using IATA’s e-Freight project.The shipment to Chicago’s O’Hare International airport was made in cooperation with DHL Global Forwarding in Spain and the US, Spanish and US customs, and Iberia’s handling agents in Chicago, the Alliance company.The e-Freight scheme consists of a ...
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Chapman Freeborn returns to Italy
CHAPMAN Freeborn Airchartering is to reopen its operations in Italy with an office in Turin.Pierre Van Der Stichele, who will be president of the division, told Air Cargo News: “We are excited about the opportunities that this new office presents, and I’m confident that we have assembled the perfect team ...
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Air India running out of cash
AIR India’s shaky finances have forced it to delay paying staff salaries for two weeks and sent it begging for a handout from the government.Company spokesman, Jitender Bhargava, said that the airline’s 31,000 staff will be paid on 15 July instead of at the start of the month as the ...
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UPS pilots agree to cost cutting
UPS’s pilots union has agreed to US$131 million in concessions over the next three years to avoid 300 layoffs.Using a variety of voluntary steps, the Independent Pilots Association’s (IPA) has identified savings of almost $90 million dollars pending final calculations. Although the full three-year goal was not reached by the ...
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TAPA EMEA chairman re-elected
THORSTEN Neumann (right), head of security central Europe, Middle East & Africa for Nokia, has been re-elected as chairman of the Transported Asset Protection Association (TAPA) for the Europe, Middle East and Africa region.TAPA EMEA has elected a new board of directors who will also serve a two-year term of ...
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American capacity cuts mean 1600 job losses
AMERICAN Airlines is to cut 1,600 jobs made in conjunction with recent capacity reductions of 7.5 per cent.A spokesman said that 1,200 flight attendant, 300 airport services and 50 cargo service positions will be lost. Early retirement packages will be offered to employees who those who willing to accept them.Gerard ...
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Air T posts higher earnings
AIR T, express and ground-support provider, has announced net earnings of US$4,379,000 for the financial year 2009, ending 31 March. This compares to $3,402,000 for 2008.Consolidated revenue was $90,668,000 compared to $78,399,000 – an increase of 16 per cent. This came form a $3,654,000 (10 per cent) increase in ground ...
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Forecast worsens for 2009 losses
IATA has revised its airline financial forecast for 2009 to a global loss of US$9 billion. This is nearly double the association’s March estimate of a $4.7 billion loss, reflecting a rapidly deteriorating revenue environment. IATA also revised its loss estimate for 2008 to $10.4 billion from the previous estimate ...
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Tyler new IATA chairman
CATHAY Pacific Airways chief executive officer Tony Tyler (right) is the new chairman of IATA. His tenure will last until June next year. He succeeds Samer Majali, chief executive officer of Royal Jordanian Airlines, who served in the post from June 2008.Tyler is a 32-year veteran of the air transport ...
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DHL deal slashes ATSG debt
DHL has signed an agreement with Air Transport Services Group (ATSG) to lease up to four 767-200SFs from ATSG’s subsidiary, ABX Air. The agreement will run from August 2010 to 2015.In return, DHL has taken over the financial responsibility, retroactively from 31 January, for the capital leases on five 767-200PC ...
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Industry needs sweeping changes says IATA
IATA has called for a major resizing and reshaping of the entire air transport value chain to cope with the ongoing global economic crisis. Airlines are expected to post losses of US$9 billion this year with an unprecedented 15 per cent revenue drop that will see industry revenues shrink by ...
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Deccan launches Indias first cargo airline
DECCAN 360, India’s first all-cargo airline, was launched on 20 May flying an A310 from Delhi to Hong Kong. Two more A310s are scheduled to start flying soon, as are six ATR 42s by September.The owner, GR Gopinath, said he started the cargo carrier due to his frustrations when he ...