VIETNAM Airlines has reported a dramatic drop in pre-tax profits; from US$23 million in 2007 to $14 million in 2008….
January 2009
UAE bans An-12s
13 / 01 / 2009
SOVIET-era cargo planes – the An 12 – have been banned from flying in the UAE. The General Civil Aviation…
Swiss cargo strong but weakening in December
12 / 01 / 2009
SWISS WorldCargo showed a positive overall trend for 2008 despite falling demand. Total cargo traffic was 7.3 per cent up…
Lebanese carrier bought for 1
12 / 01 / 2009
DEFUNCT Trans Mediterranean Airlines (TMA) has been bought from the Banque Libano Francaise for US$1. Lebanese businessman Mazen Bsat, who…
ANA cancels A380 buy
12 / 01 / 2009
ALL Nippon Airways (ANA) has cancelled its purchase of Airbus’ A380, according to The Daily Yomiuri. ANA’s main rival, Japan…
Belgian freight
12 / 01 / 2009
BELGIAN airfreight is predicted to ride out the global slump in demand, according to market researcher, Mike King. “Our overall…
Launch of new Bolivian airline
12 / 01 / 2009
BOLIVIA is to launch a new state airline this month, Boliviana de Aviacion (BoA). This fills the space made by…
ABX execs buy up shares
12 / 01 / 2009
STRUGGLING air cargo company ABX Air may yet have a resurgence. Following major restructure three top executives and five of…
Swiss buys flyLAL
12 / 01 / 2009
SWISS Capital Holdings has bought flyLAL – Lithuanian Airlines. Lithuanian Airlines, which was privatised in 2005, has been struggling with…
Globemaster takes cargo to Dafur
11 / 01 / 2009
TWO US Air Force C-17 Globemaster III crews are to deliver equipment for the United Nations and the African Union…
LAN cargo still high
11 / 01 / 2009
CHILE’S largest carrier, LAN Airlines, has reported a 55 per cent rise in net income for the third quarter of…
Huge job cuts at Boeing
11 / 01 / 2009
BOEING is to axe approximately 4,500 jobs from its Commercial Airplanes business unit in 2009 because of the weakening global…
Massive loan to Chinese aviation
11 / 01 / 2009
CHINESE banks have awarded a huge loan package to the country’s aviation industry to shore it up during the global…
Fortune shines on Yangtze River Express
11 / 01 / 2009
FOLLOWING the news that FedEx has cancelled its contract with struggling Chinese airline, Okay Airways, comes news of its replacement….
Small freight forwarders will just disappear
11 / 01 / 2009
INDEPENDENT freight forwarders have expressed their outrage to Air Cargo News at comments made by DHL Global Forwarding chief executive…
Paramount adds cargo division
11 / 01 / 2009
INDIAN budget airline Paramount Airways is to launch a cargo division. Operating out of Chennai the division will focus on…
CEVA merges Brazil Deere centres
11 / 01 / 2009
CEVA Logistics and partner John Deere, agricultural machinery manufacturer, are to consolidate two of operations in Brazil. The two distribution…
Further price hikes at Indian airports
08 / 01 / 2009
DELHI International Airport (DIAL) is to raise its fees by ten per cent. In a move that mimics Mumbai Airport’s…
Cathay burnt by low cost fuel
08 / 01 / 2009
CATHAY Pacific Airways’ shares fell abruptly yesterday after it revealed that it stood to lose US$1 billion due to hedging…
Mercators first customer of Swiss Worx
08 / 01 / 2009
SWISS WorldCargo, has officially gone live with ‘Swiss Worx’, a customised version of the end-to-end IT cargo management system Skychain,…
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