All articles by Air Cargo News (Admin) – Page 509
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News
Air France-KLM buys into streamlined Alitalia
AFTER a three-month battle with Lufthansa Air France-KLM has won a 25 per cent stake in troubled Italian flag carrier Alitalia. Air France-KLM has apparently agreed to pay over €300 million (US$411 million) to the owners, the Compagnia Aerea Italiana (CAI) investment group, for the stake. CAI bought the choice ...
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Go ahead for third Heathrow runway
GOVERNMENT ministers have confirmed their approval to build a third runway at Heathrow today. Transport secretary Geoff Hoon also announced an increased investment in public transport, including a new high-speed rail links from the airport.Business and union figures have been supportive of the proposal for some time with the Future ...
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FedEx order 15 more Boeing 777s
EXPRESS cargo carrier FedEx has ordered 15 new 777 freighter aircraft from Boeing despite the plummet in global cargo demand.This brings FedEx’s total order for the new jet up to 88. First delivery of the aircraft is due to be in the next few months to Air France with FedEx ...
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Up and down in airport cargo
THE global slump in demand for airfreight is seeing a varied mix of winning and losing airports.Freight transport at Ostend Airport, Belgium, fell 23.9 per cent in 2008, compared to 2007. However, the figures are slightly skewed as repair work on parts of the airport prevented freighters from landing at ...
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Singapore Airlines withdraws Indian flights
SINGAPORE Airlines (SQ) is to cut flights from India from the 26 January. Daily flights from Delhi on Thursdays and Mumbai on Tuesdays and Thursdays, will be withdrawn, according to sources, because of low load factors.Sundeep Kapadia, director of Kapadia Travels said: “We got to know about SQ pulling out ...
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UAE bans An-12s
SOVIET-era cargo planes – the An 12 – have been banned from flying in the UAE. The General Civil Aviation Authority (GCCA) made the dramatic ruling citing recent accidents involving An-12s over the last four months.Mohammed al Suwaidi, director general of the authority, said that companies using An-12s could fly ...
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ABX execs buy up shares
STRUGGLING air cargo company ABX Air may yet have a resurgence. Following major restructure three top executives and five of six non-executive members of its board have bought 400,000 shares of Air Transport Services Group (ATS), ABX Air’s parent company.ABX Air’s main customer was DHL, which withdrew from the US ...
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Small freight forwarders will just disappear
INDEPENDENT freight forwarders have expressed their outrage to Air Cargo News at comments made by DHL Global Forwarding chief executive officer, Hermann Ude (right), in a recent interview in the Financial Times.In the interview Ude sets out his reasons why he feels that many small freight forwarders are doomed, and ...
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KTS signs agreement with KWE
SHIPPING and logistics company Kuwait Transcontinental Shipping (KTS) has signed a global freight forwarding agreement with Kintetsu World Express (KWE).Under the agreement, KTS is the exclusive partner of KWE for the movement of cargo between Kuwait and worldwide destinations with the Japanese forwarder.Mr Mikko Wieru, general manager of KTS said: ...
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Airlines hid documents from investigation
NEW Zealand’s competition regulator is charging three airlines in its investigation of the air cargo price-fixing cartel of withholding evidence. Singapore Airlines, Cathay Pacific and Aerolineas Argentinas are alleged to have not supplying documents that the Commerce Commission required for their investigation. Parties who receive notices cannot refuse to supply ...
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FedEx delays 777 delivery
FEDEX has postponed the delivery of its first of 15 new Boeing 777s by up to 17 months. This is a delay to Boeing of US$275 million.Four of the aircraft were to be delivered next year but have been postponed until 2010 while the ten for 2011 have been pushed ...
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Singapore Airlines denies cartel charges
AUSTRALIA’S Competition and Consumer Commission (ACCC) has turned its sights on Singapore Airlines Cargo (SIA Cargo) for its part in the fuel surcharge cartel. The ACCC has already prosecuted British Airways and Qantas for A$25 million ($17.1 million).However, where Qantas cooperated with the investigation, SA is challenging the allegations.“SIA Cargo ...
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LH dumps World Airways for Jade
LUFTHANSA Cargo is reducing freighter capacities, due to falling demand, by around 10 per cent on 1 January, 2009. In addition, Lufthansa Cargo will reduce its cooperation with World Airways, which up to now has operated two freighters of the MD-11F type and a Boeing 747-400F for the crane airline. ...
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AMI rebrands Hong Kong operation
UAC Asia HK has been re-branded AMI Asia HK. It is the final element of the UAC business – acquired by AMI in 2007 – to be brought under the AMI brand. At the same time, AMI has registered and launched AMI China Ltd, its first operation in mainland China, ...
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AirBridgeCargo management roundabout continues
After an major reorganisation of its senior management earlier this year, AirBridgeCargo (ABC) is set for further upheaval in the New Year as it looks for a solution to rising losses in today’s difficult climate.Sources told Air Cargo News that Robert Song has been demoted from his position of commercial ...
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Ecologist says food miles are overhyped
A UK ecologist has denounced the media and politicians for blowing the issue of food’s environmental footprint out of proportion.Bill Vorley of the International Institute for Environment and Development (IIED) has said that concerns about ‘food miles’ – the carbon footprint created by flying food around the world – are ...
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Jade looks to the sea to ease its economic ills
LUFTHANSA Cargo and its minority owned Chinese subsidiary Jade Cargo International will offer combined air/sea transports to Australia commencing January 2009.According to the concept the goods will be flown by freighters from European airports to either Shenzhen (Jade’s headquarters) or Hong Kong (by LH Cargo) and transferred to Australia-bound ocean ...
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Air-freight cartel starts to pay the price
THE fallout from the price-fixing air-freight cartel is starting to gather pace. The Australian Federal Court has just fined Qantas AU$20 million (US$13 million) and British Airways (BA) $5 million after it admitted an illegal arrangement in the airfreight market.Meanwhile, New Zealand has just started it’s own legal battle against ...
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Kalitta Air grounds third of fleet
DUE to plunging demand, US cargo airline Kalitta Air is to park a third of its fleet and lay off more than 200 staff. Rumours suggest eight of the airlines 20 747s will be affected.This comes on the heels of news that Cathay Pacific is also parking part of it’s ...
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Stop multiple security regulations demands TIACA
GLOBAL aviation security must be threat-based, risk-managed, multi-layered and operationally consistent to be effective, says the chairman of TIACA’s industry affairs committee.Ulrich Ogiermann, also the president and chief executive officer of Cargolux, said security agencies should make full use of other global trade and transport operators’ best practice and harmonise ...