Business – Page 113
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News
Qatar ups stake in IAG to 15.01%
Qatar Airways has raised further its stake in British Airways-owner International Consolidated Airlines Group (IAG) to 15.01% and may consider acquiring more of the company over time, the airline told Reuters.Less than a month ago Qatar Airways raised its stake in IAG to just under 12% from 9.99%.Speaking at a ...
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CEVA profits stay strong despite soft market
Logistics firm CEVA says it maintained profitability in the first quarter of 2016 despite “market headwinds” that continue to affect all industry players.Excluding currency factors, revenue dropped 5.3% from $1.7bn in first quarter 2015 to $1.6bn during the same period this year as a result of rate decreases.Earnings were up ...
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Dachser revenues benefit from exchange rate gains
Logistics firm Dachser's Air and Sea Logistics business saw revenues climb by 8% last year to €1.6bn.The German company said the increase in revenues was largely thanks to exchange rate gains, with tonnage experiencing “anaemic growth”.“From this you can see that, as in Road Logistics, we will not lower our ...
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IATA chief addresses the industry in Brussels
Tony Tyler, director general and CEO of the International Air Transport Association (IATA), recently addressed the European Aviation Club in Brussels, the Belgian capital that is still finding its feet in the wake of the terrorist attack on the city’s airport last month (March).But, said Tyler: “Crises bring out the ...
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ABC achieves Cargo iQ certification
AirBridgeCargo Airlines (ABC) has gained Cargo iQ, formerly Cargo 2000, certification for meeting the IATA organisation’s quality standards.Following a two-day inspection, ABC’s quality certificate is valid for two year and acknowledges the airline’s conformance to Cargo iQ’s quality requirements.The audit process reviewed ABC’s quality management programme, data analysis, customer service ...
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TIACA urges joint action on counterfeit goods
TIACA has called on Customs authorities to bring together rights holders, service providers, and regulators to help solve the problem of counterfeit goods.In a position paper published today, the organisation the air cargo industry plays a vital role in the interdiction of counterfeit shipments and in investigations of illicit trade ...
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Alexey Isaykin enters the TIACA Hall of Fame
Alexey Isaykin, president of Moscow-headquartered freighter operator Volga-Dnepr Group, has been brought into the Hall of Fame of The International Air Cargo Association (TIACA).He will be formally inducted at TIACA’s Executive Summit in Florida at the end of May. The TIACA Hall of Fame honours air cargo professionals who have ...
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AF-KLM's de Juniac to lead IATA from June
Another high ranking Air France-KLM executive is leaving the airline as boss Alexandre de Juniac has been announced as the successor to IATA chief executive and director general Tony Tyler, who is retiring.After confirmation by the IATA annual general meeting in June, de Juniac will take up his duties after ...
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Metro Supply Chain buys Evolution Time Critical
Canada’s Metro Supply Chain Group has acquired Evolution Time Critical, the Europe-based specialist in automotive emergency logistics.The deal — financial terms were not disclosed — provides 3PL provider Metro with an opportunity to increase its automotive industry presence beyond North America.“We have the platform from which to expand our capabilities ...
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Alaska Airlines confirms Virgin America purchase
Alaska Air Group, parent company of Alaska Airlines, and California-headquartered Virgin America have confirmed their boards of directors’ approval of a deal under which the former will acquire Virgin America’s shares for $2.6bn; including Virgin America’s debt and aircraft lease obligations, the transaction is valued at approximately $4.0bn.The merger will ...
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Airlines quiet, but KPMG sees busy year for mergers in 2016
There were relatively few airline mergers and acquisitions in 2015, reported analyst KPMG in its latest Transport Tracker.Activity, at £3.1bn ($4.4bn) of completed transactions, remained low mainly primarily because of restrictions on foreign ownership of airlines by governments, it said.Meanwhile, though, airlines will continue to push co-operation through alliances and ...
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Shippers' airfreight challenges to be debated at TIACA summit
A panel on the challenges facing shippers using airfreight will feature at The International Air Cargo Association (TIACA)’s executive summit in Florida in May.Lars Droog (above), recently appointed to chair TIACA’s new Shippers’ Advisory Committee, will lead the panel debate as part of the three-day conference.Droog will also be the ...
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Growth in e-AWB usage continues to slow
Growth in the use of electronic air waybills (e-AWB) continued to slow in February, with an increase in useage of just 0.3 percentage points compared with January.The latest figures from IATA show that e-AWB penetration reached 37.5% in February compared with 37.2% in January.The increase in usage of just 0.3 ...
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NewsCargo 2000 reveals Cargo iQ rebranding and expanded data project
Cargo 2000 is to get a new identity and will launch a new data project and certification scheme as part of a revamp of the organisation.At the World Cargo Symposium, the IATA organisation revealed that it would now go by the name of Cargo iQ as part of a strategic ...
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The value of safety at IATA's World Cargo Symposium
While the value of air cargo was the leitmotif of IATA’s World Cargo Symposium (WCS) in Berlin, safety was also to the fore, focused on the lithium-ion battery debate and on how to prevent damage to ULD containers.At the end of the four day event, Glyn Hughes, IATA’s global head ...
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Emirates Cargo's Nabil Sultan joins TIACA board of directors
Emirates' divisional senior vice president, cargo, Nabil Sultan, has been appointed to air cargo organisation TIACA's board of directors.Sultan has over 20 years’ experience in senior management roles at the airline and was promoted to his current role in 2013.“Air cargo is one of the primary drivers of the global ...
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NewsOz court upholds cartel fines on Garuda and Air New Zealand
Australia’s Federal Court has upheld an appeal by the Australian Competition and Consumer Commission (ACCC) over air cargo cartel allegations against Garuda Indonesia and Air New Zealand.A majority ruling by the full court found that price fixing conduct engaged in by Garuda and Air New Zealand relating to agreed surcharges ...
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Lufthansa Cargo’s earnings fall 40% in 2015
Lufthansa Cargo’s earnings contribution to the parent group airline declined 40% to €74m in full year 2015 as seasonal “sizeable overcapacities” in the airfreight market hit load factors and yields.In addition to the excess capacity from the beginning of the summer onwards, cargo earnings were also depressed by the strike ...
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Tyler addresses issues of German efficiency
Speaking at IATA’s World Cargo Symposium (WCS) in Berlin today, the association’s director general and CEO, Tony Tyler, considered the host nation’s aviation transport policy and how the German Government can offer some valuable assistance to the industry by improving its international competitiveness.By way of background, he noted: “Aviation supports ...
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Changi airport launches CEIV pharma community for air cargo firms
Changi Airport Group (CAG) has revealed plans to launch an IATA Center of Excellence for Independent Validators Pharmaceutical Handling (CEIV Pharma) community that will work together to achieve the certification.Under the community programme, companies will have to undergo training, as well as an assessment of their facilities and processes by ...