All Business Articles – Page 52
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News
John Menzies creates management board and appoints new CFO
John Menzies, the holding company of Menzies Aviation, has announced changes to its senior management.The organisation has appointed Alvaro Gomez-Reino as its new chief financial officer and it has also created a new executive management board.Gomez-Reino has previously held senior financial positions with Amey plc, Ferrovial and Swissport where he ...
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FTA urges members to continue preparing for no-deal despite latest proposal
The Freight Transport Association (FTA) is urging its members to continue preparing for a no-deal Brexit despite the UK government's latest proposal.Earlier this week UK prime minister Boris Johnson proposed that when the UK leaves the European Union (EU), Northern Ireland would stay in the single market for goods, but ...
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US to impose tariffs on EU goods over aircraft subsidies row
The US is poised to impose import tariffs on European Union (EU) goods worth $7.5bn in response to an ongoing row over subsidies given to Airbus and Boeing.Washington was yesterday given the go-ahead by the World Trade Organization (WTO) to impose the tariffs, which it will put in place on ...
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FIATA issues guide to help forwarders combat corruption
Freight forwarder organisation FIATA has published a guide to help freight forwarders combat corruption.The group pointed out that The Corruption Perceptions Index 2018 of Transparency International reported more than two-thirds of 180 countries and territories scored below 50 on a scale of between 0, highly corrupt, and 100, very clean, ...
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NewsHandler WFS appoints Nils Andersen as chairman
Nils Andersen. Source: WFSGround handler Worldwide Flight Services (WFS) has announced the appointment of Nils Andersen as chairman of its board of directors.Andersen joins WFS to work with the management team to build upon the progress made since being acquired by an affiliate of Cerberus Capital Management last year.Andersen has ...
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Jet fuel price spikes not as bad as feared
Spikes in the price of jet fuel following attacks on Saudi Arabian facilities earlier this month were not as bad as feared as crude oil was trading only fractionally higher by the end of last week.According to the weekly IATA-Platts Jet Fuel Price Index, the cost per gallon of aircraft ...
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British Airways pilots call off next week's strike action
The British Airline Pilots Association (BALPA) yesterday called off a strike - over pay and conditions - scheduled for September 27.BALPA said strikes that took place on September 9 and 10 had "demonstrated the anger and resolve of pilots"."It was now time for a period of reflection before the dispute ...
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Qatar sees cargo revenues rise as the overall group reports a loss
Qatar Airways saw cargo revenues increase by 16.8% to QR10.1bn in fiscal 2019 on the back of fleet expansion, but the overall airline reported a loss.The airline said during the fiscal year it transported 1.4m tonnes of cargo an increase of 6.8% year-on-year as it grew to become the second ...
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FedEx to cut freighter capacity on weak outlook
Express giant FedEx will cut its freighter capacity in response to weaker macroeconomic conditions.Speaking after the company announced its fiscal first-quarter results, FedEx chairman Fred Smith said the airline would retire 20 MD-10-10 aircraft over the current and next fiscal year to eliminate that fleet type from its operation.Meanwhile, it ...
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Saudi oil attacks set to hit air cargo prices
It is "inevitable" that spikes in the price of oil as a result of attacks on Saudi Arabian facilities at the weekend will drive up the price of air cargo.The attacks, which took place on Saturday, took out around 5% of global oil supply.Brent Crude prices - a benchmark for ...
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News
BA pilot strike continues to impact operations
A portion of IAG Cargo's operations continue to be disrupted in the aftermath of the British Airways pilot strike, which took place on September 9 and 10.Following the strike action, nearly 150 British Airways aircraft, 700 pilots and 4,000 crew members are still out of place, the BBC has reported.A ...
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Cargo volumes down at Swissport in first half
Swissport recorded a 5.4% year-on-year decline in cargo volumes in the fist half of the year due the sale of businesses and a weaker cargo market.The ground handler, which has 115 cargo warehouses, handled 2.23m tonnes of airfreight in the first half of 2019 compared with 2.35m tons last year.The ...
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NewsChina Airlines finalises agreement for six Boeing 777Fs
Taiwan's China Airlines is set to modernise its cargo fleet after having finalised an agreement with Boeing to order six 777 freighters.The airline said the deal, which is valued at $2.1bn according to list prices, currently operates one of the world's largest 747 freighter fleets and plans to transition to ...
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NewsKorean Air extends partnership with LUG cargo handling
Korean Air Cargo will continue working with LUG aircargo handling at Frankfurt International Airport for another three years to 2022.LUG aircargo handling has been partnered with Korean Air Cargo to handle freight for passenger and all-cargo aircraft, as well as road feeder services, for 22 years. The airline is LUG’s ...
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Cargolux: Looking to the long term
Cargolux is going through an interesting period in its 49-year history: on one hand the all-cargo carrier enjoyed record profits last year, but on the other, 2019 is shaping up to be a tough year for the whole industry.The airline also has some long-term decisions to make as Boeing continues ...
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New funds available to help UK companies prepare for post-Brexit customs declarations
Ahead of the UK leaving the European Union, the country's government yesterday revealed a new fund for businesses to train staff in making customs declarations, and to help businesses who support others to trade goods to invest in IT.Logisitics IT firm Albacore, which is offering assistance in the grant application ...
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New charter broker training course launched for the cargo market
The Albion Broker Institute (ABI) has launched a masterclass in cargo brokerage training programme.The training will consist of eight modules that will explore various areas of the cargo brokerage market.These include: an introduction to cargo aircraft brokerage, an introduction to the different types of cargo charter aircraft, an overview of ...
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NewsTheft from aircraft tops EMEA cargo crime stats for Q2
The theft of cash from the hold of an aircraft was the largest single cargo crime by value recorded in the Europe, Middle East & Africa (EMEA) region during the second quarter of the year.The latest statistics from the Transported Asset Protection Association (TAPA) show that thefts of products from ...
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Schiphol reveals cargo volume decline in mid-year figures
Amsterdam Airport Schiphol (AAS) has revealed a 9.2% decrease in first-half cargo volumes compared with the same period in 2018 as freighter flights decline.Full-freighter cargo volumes at the slot constrained airport were down 16.4% and there was a decrease in full-freighter air transport movements (ATMs) by 14.4%.Meanwhile, belly cargo volumes ...
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NewsDSV Panalpina carries out first shipment through its combined network
DSV Panalpina has carried out its first shipments as one company, following their merger (completed on August 19) which created the second-largest airfreight forwarder in the world.Last Thursday, DSV Panalpina's successful shipment of thurst reverser engine parts from Huntsville, US, to Luxembourg, marked the first time that the newly-formed company ...