All Business articles – Page 73
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Swissport sells off ‘unprofitable’ French ground handling services
SWISSPORT France Holding and Servisair – both part of Swissport Group – is to sell its principal ground handling activity in France after struggling to make a profit.The announcement comes after GH Team, co-chaired by Christophe Le Borgne, the current chief executive of Swissport in France, and Adrian Melliger, former ...
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Etihad cargo volumes take off
ETIHAD Cargo is celebrating achieving 27 per cent revenue growth during the first half of this year.The freight division outperformed the global market, carrying 268,713 tonnes of air cargo and mail during the sixth-month period – up 25 per cent year-on-year – contributing significantly to the airline’s overall total revenue ...
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June sees air cargo spurt amid higher fuel costs
RISING jet fuel prices in June marred a slight monthly increase in airfreight volumes in May.The improvement in air cargo demand was consistent with a pick-up in world trade volumes, as well as a small rise in business confidence after a broadly flat trend in prior months, IATA notes.Oil barrel ...
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PACTL spearheads Chinese cool chain excellence
SHANGHAI’S Pudong International Airport (PVG) is a work in progress, with two extra runways and a 3,300 sq m cargo centre for perishable goods just part of the expansion plans for the world’s third largest airfreight hub.Added to that is the emerging Shanghai Free Trade Zone, a pilot project by ...
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Emirates' 50th A380 arrives
EMIRATES Airline has received its 50th A380, strengthening its position as the world’s largest international airline, says a company statement, writes Thelma Etim, deputy editor.This latest delivery takes the Middle East carrier’s wide-body fleet to 224, boasting the world’s largest collection of A380s and B777s.Since April 2010, Emirates has taken ...
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Demand for aircraft will hit new heights, says Boeing
THE Middle East and Asia Pacific carriers will take delivery of almost 60 per cent of the predicted 8,600 new widebodied passenger aircraft ordered over the next 20 years, forecasts Boeing, writes Thelma Etim, deputy editor.Among them will be B787-10s, B777s and B777Xs, and B747-8s – adding substantially to the ...
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One Question
Joost Van Doesburg, policy advisor, European Shippers Council, answers:"I DO not think Single European Skies [SES] will be achieved in the next few years."I am not really sure why the DFS has made this decision. I share the AEA’s disappointment."What will airlines do when it becomes too expensive to fly ...
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Changing times, changing values
WHILE Air China Cargo has received a US$320 million cash injection from its shareholders, it appears that Dutch operator Martinair has a ‘for sale’ sign posted on its cargo fleet.Two different approaches, but for very different reasons.Air China and Cathay Pacific, the two largest shareholders in Air China Cargo, feel ...
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June cargo figures up for Cathay
CATHAY Pacific and Dragonair carried a combined 140,444 tonnes of cargo and mail in June, an increase of 15 per cent on the same month last year.The cargo and mail load factor rose by 3.2 percentage points to 64.9 per cent.Capacity, measured in available cargo/mail tonne kilometres, rose by 10.2 ...
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Another B737-400SF conversion for Southern Air
CONVERSIONS company Aeronautical Engineers Inc (AEI) has delivered the third of five B737-400SF freighters to Southern Air which operates them for DHL Express in the Americas, writes Nigel Tomkins, managing director.The latest aircraft is a standard gross weight B737-400SF built in 1993 and converted at Commercial Jet’s Dothan facility, one ...
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Schiphol up 8.84 per cent
AIR CARGO through Amsterdam Airport Schiphol continued to build in the second quarter of 2014, leading to overall growth of 8.84 per cent in the year to date and denoting market stabilisation in Europe, writes Nigel Tomkins, managing director.The Dutch airport outperformed its rivals in the first half of 2014, ...
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Qatar orders more B777 freighters
QATAR Airways has announced its intention to order four new B777 freighters – with options for up to four more – as part of a potential US$37.7billion passenger and cargo aircraft shopping spree with Boeing, writes Nigel Tomkins, managing director.The planemaker and Qatar have also finalised an order for 50 ...
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CBI: air freight's vital role for UK business
UK business chiefs have called for “urgent action” by politicians to make key decisions on future UK airport infrastructure for passenger and cargo.“Action is needed to boost the UK’s air links and put growth on a sustainable long-term footing,” according to a new report by the CBI, which represents 190,000 ...
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IATA hits out at Malaysian 'outrage'
IATA has described the tragedy of Malaysian Airlines flight MH17 as “an outrage and a hideous crime”.In a powerful statement released by director general Tony Tyler, the airline association says the downing of the aircraft was an attack against the air transport system – “which is an instrument of peace.”The ...
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Air freight volumes show solid gains
Air freight volumes continue to show solid gains on a year ago, supported by economic improvements in some regions, says IATA in its latest quarterly cargo chartbook.But high jet fuel prices and overall weakness in yields have kept cargo financial performance from improving so far this year, adds IATA.“Emerging Asia ...
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IATA: Cargo growth accelerated in September
Global air freight showed accelerated demand in September for most markets, although there are “mixed messages” in regional growth and fears remain of a "bumpy road" ahead.International Air Transport Association (IATA) data saw global freight tonne km (FTKs) volumes rise 5.2 per cent compared to September 2013, some 0.8 percentage ...
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AsiaPac and North American origin cargo drives September surge
Air cargo’s worldwide dollar revenues grew six per cent in September, spurred on by the origin markets of Asia Pacific (+7.7 per cent) and North America (+6.6 per cent), says independent research house WorldACD.Netherlands-based WorldACD, using primary data supplied from airlines, added that while global air cargo volumes increased 6.6 ...
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Drewry east-west price index hits peak for year
Drewry’s East-West Air Freight Price Index rose by 11.9 percentage points in October to a year-peak of 115.6 points.The latest increase was the result of "strong peak season demand and tighter capacity conditions," with rates for eastbound transpacific rising particularly fast, indicative that pricing on that route was inflated somewhat ...
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October bounce prompts 2014 optimism
October’s air cargo growth, better than 2013, is prompting the view that 2014 will become the second-best year for revenues since 2008, despite a 10.4% yield drop since 2011, the best post-crisis year to date.The latest monthly update from Netherlands-based research house WorldACD Market Data said: “Until October came along, ...
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IATA stats: October growth continues but caution prevails
IATA’s October air freight data for October presents a mixed picture, as strong route development by Middle East carriers and demand for Apple’s iPhone 6 out of Asia were countered by economic concerns in Europe and Africa.Overall global volumes were up 5.4% in October compared to a year ago, an ...