Business – Page 136
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A new world order for the air cargo industry
AS MENTIONED in the front-page lead story of this issue, the Middle East carriers have become the leaders of the air cargo world.It has taken a few years to get there, but suddenly most of the signs are pointing in the direction of the sands of the Arabian Gulf.A new ...
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One Question
Denis Ilin, executive president, AirBridgeCargo Airlines (ABC), answers:"LOOKING BACK 10 years ago to today, [our] Customs [authority] is much better. It used to take 8-12 hours for import cargo to be cleared by Customs and then released to the client.‘Now it takes about three hours and, for special cargo, such ...
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Etihad steps nearer to Alitalia equity stake
ETIHAD AIRWAYS is moving closer to signing a strategic alliance with Alitalia of Italy.The UAE flag carrier confirmed that it will forward a letter detailing the conditions and criteria for a proposed equity investment by Etihad that have been negotiated with Alitalia and its stakeholders in recent months.Once the Alitalia ...
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IATA aircraft tracking, draft options by year end
IATA EXPECTS to present draft options for enhanced global aircraft tracking to the aviation industry before year-end.The association’s Aircraft Tracking Task Force plans to deliver the draft options to the International Civil Aviation Organisation in September, followed by the industry-wide presentation.The disappearance of flight MH370 saw IATA to establish an ...
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WorldACD sees positive start to 2014
WorldACD, the Amsterdam-based air cargo market data specialist, reports that April 2014 showed a volume growth of 6.3% year-over-year, a little below the 6.8% growth in the first quarter.“When we look at our April figures, we can only conclude that the positive trend continues”, said Gerard de Wit, managing director ...
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WFS signs Nairobi fresh produce terminal deal
GROUND handler Worldwide Flight Services (WFS) has signed a partnership agreement with Transglobal Cargo Centre in Kenya to take over the full management, operation and business development of its modern fresh produce and cargo terminal at Nairobi’s Jomo Kenyatta International Airport.The entity will operate under the Africa Flight Services (AFS) ...
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Another Atlas Air B747-400 freighter for DHL
AIRCRAFT leasing company Atlas Air Worldwide Holdings has placed an additional B747-400 freighter with DHL Express.ACMI services under the new agreement will provide additional intercontinental capacity for DHL Express from Asia commencing this month.“We are delighted to expand our long-standing relationship with DHL and to support the strong growth of ...
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Air New Zealand wins legal costs
AIR NEW ZEALAND has been awarded NZ$3.2 million towards its legal costs by the Federal Court in Australia as part of the settlement in an air cargo market class action.The class action, alleging anti-competitive conduct by several airlines in setting cargo rates and surcharges, was brought in 2007, claiming damages ...
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German airspace costs angers airlines
PLANS by the German air navigation service to radically increase overflight costs has angered airlines.Deutsche Flugsicherung (DFS) wants to increase user charges by €300 million a year from 2015, a move which has been branded as ‘unacceptable’ by the Association of European Airlines (AEA).The reason given for the increase is ...
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Cargo uptick at Abu Dhabi Airport
AIR CARGO activity at Abu Dhabi International Airport rose 16.6 per cent to 60,059 tonnes in April.Aircraft movements shot up to 12,420 – up 16.4 per cent.The top five routes from the UAE airport during April were Bangkok, Manila, London Heathrow, Doha and Jeddah, says a company statement.“It is a ...
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Animals by air: a growing vertical
WITH profit margins and yields continuing to be unsatisfactorily low, air cargo operators are increasingly diversifying into other areas. Animals transportation appears to be among the growing verticals.Although the contribution (percentage) to overall annual revenues can be as low as four or five per cent, specialist animal shipments are seen ...
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Cargolux denies false claims over Karachi airport attack
CARGOLUX has confirmed its aircraft were not involved, damaged or destroyed in the attack at Jinnah International Airport in Pakistan, last weekend.Armed gunmen stormed the busy Karachi airport’s cargo terminal, killing at least 28 people on Sunday night, according to reports.A statement from the European all-cargo carrier says: “Cargolux would ...
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Airfreight gains momentum says world airports
AIRFREIGHT markets are gaining steam with the overall improvements in world trade and a recovery in global demand, according to the world’s top airports.Except for Africa, all regions experienced growth in year-over-year airfreight volumes in April, reports Airports Council International (ACI).“The two largest global airfreight markets of North America and ...
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Blow for Airbus as Emirates cancels A350 XWB order
EMIRATES Airline has cancelled its order for 70 A350 XWB.The move follows the on-going discussions the carrier has been having with Airbus regarding its fleet requirement review, says the European ‘plane manufacturer.Emirates placed the order for 50 A350-900s and 20 A350-1000s back in 2007. They were scheduled for delivery from ...
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Heathrow cargo up 6.9 per cent in May
LONDON Heathrow’s air cargo throughput rose 6.9 per cent in May to 125,982 tonnes, with traffic hot spots Mexico, China and Brazil the star performers.The UK airport's tonnage comparison versus same month 2013 saw Mexico with a 54 per cent increase, followed by China, up 38 per cent , and ...
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LATAM Airlines' cargo dip
REDUCTIONS in both bellyhold capacity and freighter operations saw cargo traffic at LATAM Airlines Group dip by 0.7 per cent in May, as capacity decreased 4.4 per cent.Said a spokesman for the Chile-based operator: “Cargo traffic decrease was driven by weaker imports into Latin America and a decrease in exports ...
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Lufthansa cuts earnings forecast
LUFTHANSA group has cut its 2014 earnings forecast due to “revenue risks” in its passenger and cargo business caused by strikes, currency impairments and “strong capacity growth by state-owned Gulf carriers”.The German flag carrier's executive board is now projecting an operating profit for the current financial year of approximately €1 ...
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Good May for Cathay Cargo
CATHAY Pacific and Dragonair carried a combined total of 138,448 tonnes of cargo and mail in May, an encouraging increase of 13.9 on the same month last year.The cargo and mail load factor rose by 1.9 percentage points to 63.0 per cent in the period.Capacity, measured in available cargo/mail tonne ...
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IATA: "solid improvement" in air freight growth
AIRFREIGHT growth has seen a “solid improvement” in 2014 over prior year, but IATA warns that demand could weaken as the on-shoring trend continues.Volumes are being supported by the cyclical upswing in the global economy but high fuel prices, stable at $120 per barrel, and weak cargo yields continue to ...
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Qatar Airways Cargo supports solar energy
QATAR Airways Cargo has further linked itself to renewable energy by sponsoring the opening ceremony of the Qatar Solar Energy factory and research facility in Doha.The facility, which can produce solar panels capable of generating as much as 300 megawatts of energy annually, is located at Doha’s new industrial area.In ...