Business – Page 98
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News
Accenture to buy Seabury's aviation consulting businesses
Professional services company Accenture is to acquire the aviation consulting businesses of Seabury Group, the New York-based professional services firm focused on the aviation industry.Accenture said that the combination of Seabury’s corporate advisory and consulting businesses, together with the new owner's global capabilities, “will help the world’s leading airlines accelerate ...
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NewsCargolux sees profits tumble despite traffic growth
Cargolux recorded improvements in cargo traffic and tonnes flown last year, but these increases failed to stop profits from declining by more than 80%.Figures released by the airline show that last year it registered a 9.2% improvement in traffic to 7.5bn tonne kms flown (FTK) compared with 2015, while total ...
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Alitalia's future in balance as shareholders called in
The future of Alitalia is hanging in the balance after workers voted against a rescue deal on Monday (April 24).In response to the vote, the Italian airline's board has called a meeting of shareholders - including Etihad, banks UniCredit and Intesa as well as infrastructure firm Atlantia - to discuss ...
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Panalpina sees airfreight grow but profits under pressure
Panalpina has recorded an above market increase in airfreight demand but in contrast profitability was flat.The first-quarter figures released by the forwarder revealed that airfreight demand during the period increased by 8% year on year to 233,000 tons, driven by Far East trade lanes. This is ahead of the estimated ...
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NewsUnited records double-digit cargo revenue improvement in Q1
United Airlines recorded double-digit improvements in cargo revenues and traffic during the first quarter of the year.The busiest US cargo carrier saw first-quarter cargo traffic increase by 20.3% year on year to 748m cargo ton miles.Revenues also improved during the period but by the lower amount of 13.4% against a ...
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NewsDelta records slight decline in cargo revenues and traffic
Delta Air Lines recorded a slight decline in cargo revenues and traffic in the first quarter of the year.The Atlanta-based airline saw first-quarter cargo revenues decline by 1.2% year on year to $160m, roughly in line with a 1.5% drop off in traffic to 470m cargo ton miles (CTM).Average revenues ...
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News
IATA implements CASS in Russia
IATA has confirmed the “successful implementation” of its Cargo Accounts Settlement Systems (CASS) in Russia, achieved in partnership with the Russian bank VTB and with the national flag-carrier Aeroflot.CASS is designed to simplify the billing and settlement of accounts between airlines and freight forwarders.It operates through CASSlink, which IATA describes ...
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News
Intrepid delivers first of two B747-8 freighters to AirBridgeCargo
US lessor Intrepid Aviation has delivered the first of two new B747-8 freighters from Boeing and placed the General Electric GEnx powered aircraft on "very long term lease" with AirBridgeCargo (ABC), a part of the Volga-Dnepr Group.This latest handover comes after aircraft lessor BOC Aviation last week announced that it ...
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News
E-AWB use sees slight decline in February
Electronic air waybill (e-AWB) penetration of the market tailed off slightly in February, according to the latest IATA monthly report. The figure for the month was 0.3% down on January, according to the association’s latest figures.eAWB volume in February was 639,419 while in January it was 639,540.Nevertheless, IATA has set ...
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Latin American fleets set to double, says Airbus chief
The Latin American aircraft fleet is set to more than double during the next 20 years, according to the latest Airbus Global Market Forecast.The Toulouse-headquartered plane-maker sees demand for 2,570 new passenger and freighter aircraft in 2016-35, including 2,030 single-aisle and 540 widebody aircraft, worth an estimated US$350bn.President of Airbus ...
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Two new trustees for TIACA
KLM Cargo and Icelandair Cargo have been appointed as trustee members of TIACA (The International Air Cargo Organisation).Both are long-standing TIACA members, and they will help elect the board of directors that manages the Association's affairs and establishes its policy.Icelandair Cargo serves 54 destinations in Europe and North America, including ...
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Internet drives surge in transport start-ups
There has been a 22% rise transport and distribution small and medium sized companies in the UK since 2010 according to a study by Hampshire Trust Bank.The research, conducted in partnership with the Centre for Economics and Business Research (CEBR), found only three sectors with higher growth (technical and professional, ...
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A tale of two airports: Heathrow and Schiphol
It was a tale of two cities and their airports, when the cargo chiefs of Amsterdam-Schiphol and London Heathrow took to the stage in Abu Dhabi for the IATA World Cargo Symposium.The theme was “It takes a village”, with Jonas van Stekelenburg, head of cargo at Schiphol, seated alongside Nick ...
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Kerry set for CIS forwarding acquisition as it offloads HK airfreight terminal
Kerry Logistics increased its profits and revenues last year and has also revealed plans to offload a stake in a Hong Kong cargo terminal subsidiary, to invest in the CIS states and to grow its e-commerce business.In a stock exchange filing, the Hong Kong-headquartered logistics firm revealed that subsidiary Torres ...
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ICAO and TIACA set for African conference in June 2017
Air cargo supply chain association TIACA is collaborating with UN aviation body ICAO to hold an African air cargo conference in Addis Ababa in June that will coincide with the official opening of Ethiopian Airlines’ new airfreight terminal.Air Cargo Development in Africa, the second such ICAO event but the first ...
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WCS17: Quality group calls in the auditors
The IATA quality standards group, Cargo iQ has appointed SGS to run its member Audit and Certification Scheme.It will be the first time that Cargo iQ has worked with external auditors. Members have previously been audited internally, by the Cargo iQ’s own management team.Members will be audited to demonstrate, through ...
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WCS17: ULD firm ACL unveils plans to double size of business
ULD firm ACL Airshop has unveiled ambitious plans to double the number of container stations it runs around the world.At a press conference at the IATA World Cargo Symposium, the Greenville-headquartered company revealed that its investors were backing the company to increase the number of stations it operates from 37 ...
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WCS17: Incorrectly loaded ULDs in the frame for damage to aircraft
Mishandled Unit Load Devices (ULDs) are the second highest cause of damage to aircraft, while incorrect loading of cargo on an aircraft is reported on average 16 times per day.Bob Rogers, senior advisor, Nordisk Aviation Products, told the IATA World Cargo Symposium in Abu Dhabi that incidents of cargo shifting ...
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Aggregator service for India
AirFreightBazaar has launched an aggregator service for the Indian market. It allows carriers and forwarders to market their rates directly to end customers through a secure website, instead of by phone or email. Claimed benefits are time saving and the ability to generate more business and higher yields at lower ...
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WCS17: Saudia signs ULD management and repair contract with Unilode
ULD management and repair specialist Unilode has signed a deal to handle 21,000 units belonging to Saudia's passenger and cargo divisions.The management and repair contract is the first big win announce by Unilode since it changed its name from CHEP Aerospace after it was bought by Sweden's EQT Infrastructure in ...