All Business Articles – Page 71
-
News
One Question
Shahe Ouzounian, chief operating officer, Chapman Freeborn, answers:“I am hoping there is a flattening out of a general decline in the supply side – and that we can actually look forward to a more stable period for those carriers and brokers that add value. I expect consolidation and stability on ...
-
News
FarnAir acquires part of K-Mile Air
SWITZERLAND-based integrator support airline FarnAir, has purchased 45 per cent of the shares of Thailand’s K-Mile Air.The shareholding formerly belonged to Transmile Group Berhad. Suan Plu Thani of Thailand remains the cargo carrier’s majority shareholder, a company statement says.Kedchai Benjaathonsirikul, chief executive of K-Mile Air, states: “This new partnership with ...
-
News
International trade stifled by protectionism, says Fred Smith
FEDEX founder Fred Smith has warned that 'the golden age' of double-digit air cargo growth is unlikely to return due to trade protectionism, higher fuel costs and the rapid growth in bellyhold capacity.Smith told the IATA World Cargo Symposium in Los Angeles: "The big reason why international trade is not ...
-
News
Cathay’s profits soar despite weak air cargo
CATHAY PACIFIC’S profits in 2013 climbed by nearly 204 per cent to US$335m last year – however its cargo business remained weak, a statement reveals.Turnover for the year increased by 1.1 per cent.The Asian carrier attributed its healthy figures to the strengthening of its passenger business and measures taken to ...
-
News
AA Cargo up 11.2 per cent in February
AMERICAN Airlines Cargo and US Airways Cargo, the freight arms of the merged American Airlines Group, recorded an airfreight increase of 11.2 per cent to 173.5 million tonnes in February.The US carrier’s year-over-year combined results were also positive, handling 347.3 million tonnes – up 12.6 per cent on the same ...
-
News
LATAM cargo revenues slumped by 10.8 per cent
CARGO revenues at LATAM slumped by 10.8 per cent during the fourth quarter of 2013 as a result of a four per cent decline in traffic and a 7.1 per cent drop in yield.The situation remains weak amid competitive pressures from regional and international competitors, says the company.The yield decline ...
-
News
Finnair celebrates 90th Anniversary
TOMORROW (Thursday) marks exactly 90 years since Finnair’s first commercial flight.On March 20, 1924, a Junkers F13 D-335 seaplane transported 162 kilogrammes of mail from Katajanokka in Helsinki to Tallinn, Estonia.The founding documents of the company, then known as Aero Oy, had been signed on November 1 the previous year.Nine ...
-
News
IATA rides to the rescue
FULL CREDIT to IATA for upping its air cargo game in the last few years.For an airline association, which traditionally appeared to be more favourably focused on passenger affairs, cargo suddenly has great drive and energy at its core as it wrest-les with a panoply of growing pains.I say suddenly, ...
-
News
Air cargo consultancy firms work together
A COLLABORATION between aviation consultancy groups Steer Davies Gleave (SDG) and Strategic Aviation Solutions International (SASI) offers unique services to the air cargo industry.The agreement combines Steer Davies Gleave’s air passenger, regulatory and wider business strategy expertise with SASI’s airline management, cargo fleet management, and cargo facility design and logistics ...
-
News
Lufthansa Cargo optimistic despite profit drop
LUFTHANSA CARGO (LC) recorded an operating profit of €77 million (US$106m) in 2013 – €28m less than the previous year.The German carrier also saw its overall revenue drop by 9.2 per cent to €2.4bn. But despite the less than favourable balance sheet, Karl Ulrich Garnadt, chief executive and chairman, is ...
-
News
Pactl upgrades handling system
SHANGHAI’S ground handling agent Pudong International Airport Cargo Terminal Ltd (PACTL) has implemented an upgrade to its HERMES air cargo management system.Benefits include new features such as a more reliable dangerous goods function, a ULD stock-check process, a flight planning capability and the facility to produce integrated cargo damage reports.PACTL ...
-
News
March air cargo boost for Cathay
MARCH saw double-digit good news for Cathay Pacific Cargo and its sister company Dragonair.Between them, the Hong Kong-based carriers lifted a total of 155,352 tonnes of cargo and mail in the month, an increase of 13.8 per cent on the same month last year.The cargo and mail load factor rose ...
-
News
PACTL’S record air cargo hike
SHANGHAI Pudong International Airport Cargo Terminal (PACTL) saw its freight volumes rise by 14.44 per cent to 321,549 tonnes in the first three months of 2014 – the best first quarter result in the history of the company.The Sino-German entity also enjoyed record growth of 17.38 per cent year-on-year in ...
-
News
Is it time to ban these dangers?
I HAZARD no apologies for repeating here something we published on aircargonews.net only a few days ago.For readers who missed it, New York-based shipper Alfa Chemistry has been hit by a possible US$325,000 fine after it allegedly sent two separate shipments of toxic, flammable cargo by air.The US Department of ...
-
News
Air cargo up at Abu Dhabi Airport
ABU DHABI International Airport recorded a 15.8 per cent rise in cargo activity in the first quarter of 2014.The facility handled 183,344 tonnes of freight at its three terminals in comparison with 158,369 during the same period last year, reveals a company statement.Abu Dhabi Airports (ADA) is a public joint-stock ...
-
News
FedEx to rely more on bellies
SHOULD forwarders worry about a new group of rivals for lift? The present overcapacity ensures there are no headaches about finding space, but the question arises just how big the appetite of the integrators for linehaul on commercial carriers is.FedEx has led that charge, which formed one of the planks ...
-
News
Cargolux: In turbulence, or flying straight and level?
UNARGUABLY Cargolux has built the kind of reputation that attracts envy and admiration in equal measure. Today, the word ‘trailblazer’ is overused and in some quarters considered passé, but since its inception, the European all-cargo carrier has always strived to go beyond just augmenting its revenue and profits, writes Thelma ...
-
News
European regulations benefit Turkish air cargo operators
REGULATORY constraints on European airport expansion present a business opportunity for Turkish airlines and hubs, believes the head of Germany’s Dusseldorf Airport cargo division.Gerton Hulsman, Dusseldorf Airport Cargo managing director, told an audience of logistics students in Istanbul that carriers such as Turkish Airlines can take “a large chunk” of ...
-
News
Cargolux to increase share capital
EUROPEAN all-cargo carrier Cargolux is to increase the share capital of the airline by US$175m in cash, in exchange of newly issued common shares.The news follows an “extraordinary general meeting of the company’s shareholders”, says a company statement.Dirk Reich, the new president and chief executive, comments: “The share capital increase ...
-
News
Changi’s air cargo slides
CHANGI AIRPORT’S air cargo dipped by 1.3 per cent (year-on-year) in March. The facility handled 169,800 tonnes of airfreight last month and a total 446,900 tonnes in the first quarter of 2014.More than 100 airlines operate at Changi, connecting Singapore to 280 cities in some 60 countries and territories worldwide.Uzbekistan ...