November 2009

Kenya money stolen in transit

OVER US$930,000 has been stolen while in transit from Kenya to the Netherlands on British Airways (BA). The money –…

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Agility charged with fraud against US Army

AGILITY, the Kuwaiti forwarding company, has been charged with fraud against the US military. The US government alleges that over…

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Southern Air eyes B777LRF as a key ACMI asset

FOLLOWING its takeover by Oak Hill Capital Partners in 2007 and its subsequent merger with Cargo 360, Southern Air has…

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Beware, the LCCs are coming

AFTER what has happened to the dynamics of the passenger airline business, the announcement by easyJet that it is launching…

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Atlas Air confounds critics of ACMI model

CRITICS of the ACMI model have often predicted that the global recession would have a devastating affect on the sector,…

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New Portugese entrant ready to receive first aircraft

BEFORE the end of the year Europe will have a new name in main-deck ACMI provision.Portugal-based euroAtlantic, already established as…

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Gomes retires after 44 years

JOHN Gomes, the outgoing regional managing director Europe and Middle East of Toll Global Forwarding, has retired after a career…

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Korean Air sees pre-holiday season airfreight surge

KOREAN Air has posted its second consecutive quarterly net profit, 264 billion won (US$228.7 million). This is a slight increase…

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BAWC half-year revenue down a third

BRITISH Airways World Cargo’s (BAWC) revenue was down by nearly a third for the first half of this financial year….

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Cargojet and LOT launch pioneering venture

LOT Polish Airlines in cooperation with Canadian all-cargo airline Cargojet, is planning to open the first direct freighter connection between…

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ABX Air profits down a quarter

AIR Transport Services, owner of cargo carrier ABX Air, has posted a drop of 25 per cent in profit for…

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Avient adds MD-11F to fleet

CARGO airline Avient is to take delivery of its first MD-11 freighter tomorrow. The ex- Varig Log aircraft is currently…

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Midex launches $500 million airfreight fund

MIDDLE Eastern cargo carrier, Midex Airlines, has launched a fund worth AE$1.8 billion (US $500 million) so it can invest…

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Venezuelan drugs Boeing crashes in Mali

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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BA pension deficit may stall merger

BA and Iberia’s merger talks are firming up. However, despite BA’s swaggering bravado, the airline’s pension deficit may cause a…

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JAL loses $1.5 billion in first half of the year

STRUGGLING national carrier, Japan Airlines (JAL), has posted a US$1.5 billion loss for the first half of the financial year….

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Airbus, Boeing see profit in 2011

SPEAKING at the Dubai Airshow, both Airbus and Boeing have, repeated their previous claims, made at Asian Aerospace Expo in…

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Etihad to invest $750 million

ETIHAD Airways announced at the Dubai Airshow that it will invest US$750 million into its workforce, fleet and planning and…

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Cathay pilots win defamation claim

A HONG Kong court has ordered Cathay Pacific to pay US$7 million compensation to 18 pilots it fired in 2001.In…

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First 747-8 freighter rolls out

BOEING towed the first 747-8 freighter out of its Washington factory yesterday. The aircraft, ultimately destined for Cargolux, will now…

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