All Business articles – Page 80
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Korean cargo yields rise
Korean Air registered a 5.7 per cent increase in cargo yield in the 2014 third quarter as its load factor rose 2.5 percentage points to 79.1 per cent.The South Korean flag carrier’s cargo arm, accounting for 22.1 per cent of total airline revenues in Q3, saw a 10 per cent ...
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Cargojet in "robust" outlook
Cargojet expects “a very robust peak period to end the year” after reporting a strong set of Q3 results helped by an uptick in E-commerce volumes.The Canada-based airline, operating overnight air cargo services across North America plus global charters, saw revenues rise 8.8 per cent to C$47.2m in the third ...
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ABC reports global network growth
AirBridgeCargo Airlines (ABC) reports across the globe network volume growth in the first nine months of 2014, led by North America-Europe routes with a 77 per cent tonnage boost.In a statement, ABC said: “In the first nine months, ABC saw an increase in tonnage carried on all of its routes ...
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Buoyant October for Cathay and Dragonair
Cathay Pacific and Dragonair traffic figures for October show an increase in both passenger and cargo numbers compared with the same month last year.The two Hong Kong-based airlines carried a combined 156,590 tonnes of cargo and mail last month, an increase of 14.0% compared to October last year. The cargo ...
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Cargolux reports record month
Cargolux achieved its "best ever" October with a record performance in tonnage, revenues and block hours.Compared to the same month in 2013, the European all cargo airline saw actual tonnage grow by 6.7%, while commercial net revenues rose by 9.9%.The Luxembourg-based carrier stated: "It is a strong indication of an ...
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New Beluga to fly by 2019
Airbus is to expand its oversize air transport capability with the development of five new Beluga transport aircraft.The future “white whales” will be based on the A330 aircraft, with a large re-use of existing components and equipment.The current five-strong Beluga fleet – now up to 20 years old - is ...
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ECS buys Nordic GSSA
ECS Group has consolidated its position in Scandinavia with the acquisition of Heavyweight Freight (HWF Group), a cargo general sales and services agent (GSSA) with offices throughout the Nordic region.Bertrand Schmoll, ECS Group chairman and chief executive, said: “Heavyweight Freight is an excellent GSSA, managed by experienced people who have ...
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LATAM to lease out B767-300F trio
LATAM Airlines Group is to lease out three Boeing 767-300 freighters as a strategy to maximise belly capacity in the passenger fleet begins to bite.The three 767-300Fs – the group has nine such freighters - are bound for “another company operating in a different market for a period of three ...
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Air France Cargo selects CHEP for Paris equipment repair contract
CHEP Aerospace Systems has added Air France Cargo to a list of recent contract awards.The French carrier has selected the ULD management company to repair its fleet of cargo containers, pallets and horse boxes at Paris Charles de Gaulle airport and dollies at Paris Orly airport over the next three ...
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Lufthansa Cargo turns 20
Do you know which airline has spent the last 20 years flying around the world 3.6m times and transporting the equivalent of 9.3m elephants?The answer is Lufthansa Cargo, which is celebrating two decades as an independent business after Deutsche Lufthansa AG pooled its cargo activities into a separate company.Germany's freight ...
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'Firm' October for Asia Pacific cargo demand
Preliminary traffic figures for October show continued growth in Asia Pacific air cargo demand.Association of Asia Pacific Airlines (AAPA) data indicates that international air freight demand, as measured in freight tonne km (FTK), grew by a "firm" 6.4% in October, on the back of buoyant demand for electronic goods from ...
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German rail to seek multi-billion cartel damages from airlines
German rail operator Deutsche Bahn (DB) is to launch a “multi-billion dollar lawsuit” seeking damages from air cargo carriers found guilty of operating a global price-fixing cartel by the US Department of Justice, the European Commission and other international authorities.Europe’s largest rail operator, which also owns logistics company DB Schenker, ...
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ANA and Lufthansa Cargo JV hauls first shipment
The cargo joint venture between All Nippon Airways (ANA) and Lufthansa Cargo has carried its first shipment.Sent by forwarder Schenker-Seino and booked via Lufthansa Cargo, three pieces of general cargo weighing 153kg were transported by ANA on a direct flight from Tokyo to London.The forwarder was able to receive the ...
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ASL Aviation buys Farnair of Switzerland
ASL Aviation Group (ASL) has completed the acquisition of Farnair Group in Switzerland. Financial details were not disclosed.Located in Basel, Farnair Switzerland was established 30 years ago and now operates a fleet of 20 cargo and passenger aircraft.In addition to its Swiss Air Operators Certificates (AOCs), Farnair Group has a ...
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Thai Airways set to present restructure plans to government
Loss-making Thai Airways International is to seek Thai government approval for its revised restructuring plan in January 2015.There is no news yet on whether the planned restructure will impact Thai’s cargo division. The carrier has two B747 freighters in its current fleet.The airline posted a third-quarter net profit of baht ...
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Lufthansa strike strife hits cargo
Lufthansa’s industrial relations problems hit services for a tenth time in 2014 with pilots again taking action over early retirement plans.German pilots' union Vereinigung Cockpit (VC) called for strike action yesterday (Thursday) beginning at 3 am local time and lasting until midnight on the same day.The strike affected long-haul and ...
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Qatar adds trio of freighter routes
Qatar Airways Cargo has started A330 freighter operations to three new destinations: Lagos, Accra and Guangzhou.The Lagos and Accra freighters commenced on December 6. The twice weekly freighter service operates from Doha to Murtala Muhammed International Airport in Lagos and then on to Accra’s Kotoka International Airport, with a scheduled ...
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Cargo records tumble for Etihad
Etihad Cargo is set for a record 2014 after posting a seven per cent rise in freight volumes during November.The freight division of United Arab Emirates flag carrier Etihad Airways carried 53,292 tonnes across its global network last month, beating the previous monthly record of 51,688 tonnes set in October ...
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Dubai drives October's cargo surge
A Dubai cargo surge helped global air freight traffic maintain an upward trend in volumes with a year-over-year growth rate of five per cent for October, reports Airports Council International (ACI).Overall worldwide accumulated volumes for the last twelve months rose by 4.6 per cent. International freight volumes jumped up by ...
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Cargolux has a record November
European freighter airline Cargolux achieved an all-time record performance in block hours, cycles and tonnage during November 2014.Block hours exceeded 10,000 hours a month for the first time in the company’s history and reached 10,224 hours, 8.7% higher than in November 2013.The Cargolux fleet of 22 747-8F and 747-400F flew ...