OVER US$930,000 has been stolen while in transit from Kenya to the Netherlands on British Airways (BA). The money –…
November 2009
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…
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…
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,…
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…
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…
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…
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….
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…
ABX Air profits down a quarter
16 / 11 / 2009
AIR Transport Services, owner of cargo carrier ABX Air, has posted a drop of 25 per cent in profit for…
Avient adds MD-11F to fleet
16 / 11 / 2009
CARGO airline Avient is to take delivery of its first MD-11 freighter tomorrow. The ex- Varig Log aircraft is currently…
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…
BA pension deficit may stall merger
15 / 11 / 2009
BA and Iberia’s merger talks are firming up. However, despite BA’s swaggering bravado, the airline’s pension deficit may cause a…
JAL loses $1.5 billion in first half of the year
15 / 11 / 2009
STRUGGLING national carrier, Japan Airlines (JAL), has posted a US$1.5 billion loss for the first half of the financial year….
Airbus, Boeing see profit in 2011
15 / 11 / 2009
SPEAKING at the Dubai Airshow, both Airbus and Boeing have, repeated their previous claims, made at Asian Aerospace Expo in…
Etihad to invest $750 million
15 / 11 / 2009
ETIHAD Airways announced at the Dubai Airshow that it will invest US$750 million into its workforce, fleet and planning and…
Cathay pilots win defamation claim
12 / 11 / 2009
A HONG Kong court has ordered Cathay Pacific to pay US$7 million compensation to 18 pilots it fired in 2001.In…
First 747-8 freighter rolls out
12 / 11 / 2009
BOEING towed the first 747-8 freighter out of its Washington factory yesterday. The aircraft, ultimately destined for Cargolux, will now…