TROUBLED Chinese-German freight carrier Jade Cargo is to be liquidated after its shareholders fail to agree on a restructuring plan….
June 2012
Hong Kong traffic falls 186 per cent
19 / 06 / 2012
HONG Kong’s airfreight traffic fell 18.6 per cent in May, year-on-year. According to Hong Kong Air Cargo Terminals Limited (Hactl)…
Hong Kong’s September slump
19 / 06 / 2012
AIRFREIGHT handled by Hong Kong International Airport (HKIA) fell to 325,000 metric tonnes last month, down 6.1 per cent. Hong…
US wants more screening data
19 / 06 / 2012
THE US Government Accountability Office (GAO) wants all-cargo air carriers to increase the amount of data they provide to government…
Chartersphere signs sales agent contract
18 / 06 / 2012
CHARTERSPHERE, a UK-based cargo air charter specialist, has been appointed sales agent for the newly-formed Armenian airline Veteran Avia, which…
AIR Partner has expanded into Turkey and Hong Kong
18 / 06 / 2012
AIR Partner has expanded into Turkey and Hong Kong as part of its on-going geographical growth plans to enter new…
Air Partner promotes Italian freight presence
18 / 06 / 2012
AIR Partner has opened a specialist cargo department at its Milan office (Italy). “We are confident this was the right…
Cargo pilot charged with being drunk
18 / 06 / 2012
A COMMERCIAL cargo pilot is charged with being drunk while flying an aircraft to Spokane International Airport in Washington state (US). Federal prosecutors allege Paul…
Fuel costs hit Oman Air
18 / 06 / 2012
OMAN Air reported a loss of RO110m (US$285.6m) during 2011 on the back of a 38 per cent increase in…
Cartel fine for MASkargo
18 / 06 / 2012
AUSTRALIA’S Federal Court in Sydney fines MASkargo A$6m (US$5.9m) for price-fixing within an international cartel. MASkargo admitted conspiring with other…
FedEx retires more freighters
18 / 06 / 2012
FEDEX is to permanently retire 18 A310-200s and six Boeing MD-10-10s due to the continuing slump in demand for air…
Eurozone crisis crippling cargo at UK airports
15 / 06 / 2012
THE EUROZONE economic slump is hitting UK airports hard, with cargo volumes from crisis-hit countries dwindling, says BAA’s boss. Colin…
Etihad buys Virgin Australia stake
14 / 06 / 2012
ETIHAD Airways buys four per cent stake in Virgin Australia (VA) sparking union fears of a takeover. Forging ahead with…
Cargo Champion – Larry Coyne
13 / 06 / 2012
TO DESCRIBE Larry Coyne, chief executive officer of Coyne Airways and its parent company Coyne Aviation, as being “doggedly determined”…
Russia refuses overflight rights…again
13 / 06 / 2012
RUSSIA is up to its old tricks of refusing overflight rights for European airlines, but this time the EU may…
BAA abandons hope for third runway
13 / 06 / 2012
BAA is said to have abandoned its plans for a third runway at London Heathrow. The incumbent Labour Party government…
Thai axes president
12 / 06 / 2012
THAI Airways International’s board is sacking its president Amranand Piyasvasti due to disagreements over strategy. Panyayong Chokchai, vice-president of strategy…
EL Al awaits US price-fixing settlement approval
12 / 06 / 2012
EL Al ISRAEL Airlines awaits approval for its US$15.8m US class action settlement over alleged price-fixing. The carrier has already…
Muscat Airport’s cargo hub bid
12 / 06 / 2012
OMAN is to transform Muscat International Airport (MIA) into an “international gateway and air freight logistics hub” to cope with…
Grandstar Cargo to be liquidated
12 / 06 / 2012
GRANDSTAR Cargo International Airlines (China) is to be liquidated. The beleaguered carrier, jointly owned by Chinese shipper Sinotrans and Korean…
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