Business – Page 132
-
News
Shanghai boost for e-Freight
Shanghai, the third largest air cargo hub by tonnages, is pushing ahead on e-Freight with an agreement to phase out the need for a security check stamp on paper air waybills (AWBs).IATA and Shanghai Customs, Shanghai Entry-Exit Inspection and Quarantine Bureau, Shanghai Airport Authority, China Eastern Airlines, and Shanghai E-port ...
-
News
WCS: Jettainer’s lightweight pallet
Jettainer is developing a lightweight pallet that weighs 70 kg, around 32 kg lighter than a traditional PMC aluminium unit.The Germany-based ULD management company says that the pallet is made of a composite material that is being applied for the first time in the aviation sector. It offers an alternative ...
-
News
Virgin Atlantic's "year of resilience"
Virgin Atlantic Cargo reported revenues of £221m for 2014, down 1.8 per cent on prior year, with total network freight volumes virtually unchanged from 2013.The carrier said that the revenues reflected “another year of resilience in a fluctuating global air cargo market that saw yields decline for the third year ...
-
News
WCS: IATA sets out three priorities for air cargo
IATA has called for further progress on paperless airfreight, global standards for handling pharma goods and tough action on the transport of lithium batteries.Tony Tyler, IATA’s director general and chief executive, highlighted “three vital aspects of the air cargo business” during his keynote speech at the association’s World Cargo Symposium ...
-
News
Turkish Airlines orders four more A330-200Fs
Turkish Airlines has signed a firm order to buy four more A330-200 freighters.The carrier’s Turkish Cargo freight arm already operates five A330-200Fs, and the new order will enable it to “quickly meet the growing cargo market demand”.Temel Kotil, Turkish Airlines’ chief executive, said: “The A330-200F freighter aircraft have demonstrated outstanding ...
-
News
IATA: overcapacity on the up, yields declining
IATA has warned that air cargo’s financial performance “remains poor and does not deliver adequate returns for investors”.The airline association’s 2015 first quarter Cargo eChartbook, while seeing continued positive demand for airfreight commodities, states that overcapacity has resulted in lower load factors and placed downward pressure on yields.Lower jet fuel ...
-
News
Brussels' second wave of CEIV Pharma
Belgian hub Brussels Airport has launched a second pharmaceuticals certification programme for its cool chain community.BRUcargo last year became the first airport to be awarded IATA’s Center of Excellence for Independent Validators in Pharmaceutical Handling programme (CEIV Pharma).“With the launch of this second group the majority of all pharma shipments ...
-
News
US freighter lessor ATSG sees "excellent" 2015 for air cargo
US-based freighter lessor Air Transport Services Group (ATSG) has highlighted “fundamental industry dynamics” that point toward “an excellent year for air cargo companies in 2015”.Nasdaq-quoted ATSG, the world's largest owner and operator of converted B767 freighters, reported 2014 fourth quarter adjusted pre-tax earnings up 19 per cent to $17.7mFourth quarter ...
-
News
Overcapacity costs IAG Cargo
IAG CARGO suffered a revenue slump of nearly 12 per cent last year, in a business generally blighted by market shrinkage, over-capacity and unfavourable currency fluctuations.The merged entity of British Airways and Iberia saw cargo-tonne-kilometres [CTKs] drop by seven per cent in the period, as a big imbalance in supply ...
-
News
United launches Control Tower for temperature control
UNITED Airlines Cargo [UAC] has launched Control Tower to run the rule over its growing temperature-sensitive shipments business.It features a highly-trained team of dedicated specialists who provide the carrier’s TempControl product customers with a single point of contact through all phases of their shipments’ lifecycle.Located at UAC’s customer contact center ...
-
News
Bright start to year says IATA
JANUARY produced a strong rise in global airfreight growth compared to the dep-ressed state of affairs of a year before, IATA statistics reveal.Global freight-tonne-kilometers (FTKs) increased by an encouraging 4.5 per cent in the month compared to January 2013.“This is a significant acceleration on the 2.2 per cent year-on-year growth ...
-
News
Emirates takes e-freight lead
EMIRATES Airline has stolen Cathay Pacific’s ‘e’-crown in the e-freight race, IATA figures show.It is now ranked as the carrier that operates the most eAWB shipments, according to the latest IATA top-10 league table.In other moves, Korean Air has supplanted SIA in third place, KLM has moved up to the ...
-
News
Acrobatics with acronyms
AIR CARGO job titles used to be pleasingly uncomplicated and therefore easy to understand. Rarely did they succumb to the world of acronyms.Unfortunately, even though many aspects of this business grow infuriatingly complex by the day, some organisations are now intent on introducing further obfuscation by creating lofty-sounding positions with ...
-
News
CHEP acquires Airworld
ULD repair specialist CHEP Aerospace Solutions has acquired Airworld Services and Airworld Containers, a unit load device maintenance organisation (MRO), with facilities at London Heathrow, London Gatwick, Manchester and East Midlands airports in the UK.The transaction increases the number of CHEP-owned MRO facilities to 29 stations worldwide.Airworld employs 86 staff ...
-
News
Record year for Etihad
ETIHAD AIRWAYS enjoyed a record financial performance last year, with net profit up 48 per cent to US$62 million on revenues up 27 per cent to US$6.1 billion.2013 also saw earnings before interest and tax (EBIT) up 22 per cent to US$208 million and earnings before interest, tax, depreciation, amortisation ...
-
News
Swissport revenues up
GROUND handler Swissport International achieved revenues of US$2.39 billion in 2013, an 11 per cent increase, in a year that could be characterised by recovering cargo markets, the company says.Swissport grew ahead of the market and was able to increase its airfreight tonnage by 18.4 per cent, reflecting the recovery ...
-
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
Growth gap between passenger and air cargo widening
PASSENGER volume growth is outpacing air cargo, with a "big gap" emerging in the last three years as onshoring has stifled international trade volumes.IATA chief economist Brian Pearce said that air cargo's role as a lead indicator for passenger volumes has broken down since 2010, as witnessed by a ‘dramatic ...
-
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 ...