EL AL Israel Airlines saw its profits drop 60 per cent in the third quarter, from US$31 million last year…
Nippon Yusen looking to leave airfreight
25 / 11 / 2009
JAPAN’S Nippon Yusen has hinted that it is looking to consolidate its airfreight services with another operator so that it…
Aeroflot to ditch freighters
25 / 11 / 2009
Air Cargo News has learned that Aeroflot is negotiating to return its MD-11Fs to the lessor, after electing to end…
AF-KLM takings down 40 per cent
25 / 11 / 2009
AIR France-KLM (AF-KLM) Cargo revenue plummeted over 40 per cent in the second quarter ending 30 September to US$851 million…
CEVA profits fall a third
24 / 11 / 2009
CEVA Logistics has posted third quarter profits that dropped by a third compared to last year, from US$152 million to…
Corruption raid at Chennai cargo centre
24 / 11 / 2009
NINE Customs officials at Chennai airport’s air cargo complex have been arrested for corruption. The nine, which included four superintendents,…
JAL scores another government bailout
24 / 11 / 2009
AFTER months of negotiation struggling Japan Airlines (JAL) has finally secured another government loan. This is the fourth time since…
Kenya money stolen in transit
23 / 11 / 2009
OVER US$930,000 has been stolen while in transit from Kenya to the Netherlands on British Airways (BA). The money –…
Thai to operate freighter fleet
23 / 11 / 2009
THAI Airways’ managing director cargo, Pruet Boobphakam (right), has confirmed the carrier’s plans to operate its own freighters eventually.“That will…
Agility charged with fraud against US Army
22 / 11 / 2009
AGILITY, the Kuwaiti forwarding company, has been charged with fraud against the US military. The US government alleges that over…
Southern Air eyes B777LRF as a key ACMI asset
19 / 11 / 2009
FOLLOWING its takeover by Oak Hill Capital Partners in 2007 and its subsequent merger with Cargo 360, Southern Air has…
Atlas Air confounds critics of ACMI model
19 / 11 / 2009
CRITICS of the ACMI model have often predicted that the global recession would have a devastating affect on the sector,…
Beware, the LCCs are coming
19 / 11 / 2009
AFTER what has happened to the dynamics of the passenger airline business, the announcement by easyJet that it is launching…
New Portugese entrant ready to receive first aircraft
19 / 11 / 2009
BEFORE the end of the year Europe will have a new name in main-deck ACMI provision.Portugal-based euroAtlantic, already established as…
Korean Air sees pre-holiday season airfreight surge
17 / 11 / 2009
KOREAN Air has posted its second consecutive quarterly net profit, 264 billion won (US$228.7 million). This is a slight increase…
Gomes retires after 44 years
17 / 11 / 2009
JOHN Gomes, the outgoing regional managing director Europe and Middle East of Toll Global Forwarding, has retired after a career…
Cargojet and LOT launch pioneering venture
17 / 11 / 2009
LOT Polish Airlines in cooperation with Canadian all-cargo airline Cargojet, is planning to open the first direct freighter connection between…
BAWC half-year revenue down a third
17 / 11 / 2009
BRITISH Airways World Cargo’s (BAWC) revenue was down by nearly a third for the first half of this financial year….
Midex launches $500 million airfreight fund
16 / 11 / 2009
MIDDLE Eastern cargo carrier, Midex Airlines, has launched a fund worth AE$1.8 billion (US $500 million) so it can invest…
Venezuelan drugs Boeing crashes in Mali
16 / 11 / 2009
AN unspecified-size Boeing aircraft has crashed in West Africa after dropping off a consignment of Venezuelan cocaine.The aircraft had just…
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