Business – Page 148
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News
Asia Pacific Airlines see 2014 revival in cargo demand
Association of Asia Pacific Airlines (AAPA) preliminary figures for 2014 show an “encouraging revival” in cargo demand after three consecutive years of decline.An upsurge in exports from manufacturing hubs in the region led to a rebound in international air cargo markets in 2014, with demand in freight tonne km (FTK) ...
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Qatar Airways take 9.9% stake in IAG
Qatar Airways has acquired a 9.99 per cent stake in International Airlines Group (IAG), the parent of British Airways and Spain's Iberia.The Middle East carrier's share swoop is valued at around £1.1bn ($1.7bn), and builds a closer relationship with a fellow member of the oneworld airline alliance.An IAG statement said: ...
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Etihad cargo surges 17% in 2014
Etihad Airways reported a 17 per cent increase year-on-year in cargo for 2014 to 569,000 tonnes of flown freight and mail.The Middle East airline accounted for 89.6 per cent of cargo imports, exports and transfers at Abu Dhabi airport last year.The carrier stated: “Over the course of last year, Etihad ...
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IAG issues safeguards to Dublin over Aer Lingus bid
International Consolidated Airlines Group (IAG) has issued legally binding commitments to safeguard Aer Lingus slots at Heathrow as the British Airways and Iberia parent prepares to launch a €1.4bn bid for the Irish flag carrier.IAG, itself the target of a 9.99 per cent share swoop last week by Qatar Airways, ...
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TNT tweaks its figures
Express carrier TNT said its fourth quarter results, due to be published in full on February 17, would include non-recurring tax expense items totalling €77m, which include a €67m non-cash valuation allowance on deferred tax assets.The Netherlands-headquartered company added that changes to its accounting treatment in Brazil would also result ...
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GSAs mull bespoke training scheme
The Federation of Airline General Sales Agents (Fedagsa) would like to see a bespoke training programme for GSAs and GSSAs – possibly as early as the end of the year, secretary general Glenn Shires told ACN in an interview.The Swiss-based representative organisation is currently in discussions with the International Air ...
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Maximus profits up by a fifth
Abu Dhabi-based all-cargo carrier Maximus Air reported a 20 per cent increase in profits in 2014 compared with the previous year.Chairman Homaid Al Shemmari said the increase was due mainly to growth in European, African and Asian markets and a generally positive outlook for the global airfreight industry.Chief executive Mohammed ...
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UPS helps keep in the cold
UPS has expanded its Temperature True Packaging service to include expert consultation, package procurement and four new off-the-shelf packaging lines.Each of the latter has been engineered and tested by the manufacturer for use in the express parcel giant’s US domestic network.Specialist staff help customers select and procure the right cold-chain ...
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Recovery is ready for take-off, say economists
Airfreight tonnage has recovered to its pre-crisis level in the US and European Union – and it could be sign of a wider global economic recovery, says the Paris-based International Transport Forum (ITF).Part of the Organisation for Economic Co-operation and Development (OECD), ITF says that, according to its seasonally-adjusted preliminary ...
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Lufthansa Cargo's January sales droop
Lufthansa Cargo reported sales 2.3 per cent lower compared with the previous year in January. Load factor fell by 1.3 per cent, the carrier added.There were strong performances in the Americas (up 3.5 per cent) and Middle East (+4.9 per cent) but these were offset by declines in Europe (down ...
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Apple Appeal
Apple announced mouth-watering net quarterly profits of $18bn for the final three months of 2014.That staggering 38 per cent rise in profit was due mainly to the 74.5m iPhones sold to eager consumers.While the financial pages focused on the figures, little mention was made of the supply chain logistics that ...
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Price tops charter priorities
PRICE remains the most important factor in the air cargo charter market, an exclusive customer survey for Air Cargo News has revealed.The on-line survey found that nearly 55 per cent of respondents chose price as their top priority, with a need for 24 hour operations in second place, closely followed ...
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By Antonov to the North Pole
Chapman Freeborn Airchartering and logistics partners GAC Norway and POLOG have delivered a pre-fabricated Arctic research station to northern Greenland.The airlift involved transporting 210 tons of cargo to Station Nord on 17 Antonov An-12 charter flights out of Longyearbyen, Norway.Just 924 km (574 miles) from the North Pole, the scientific ...
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Roses are green?
A study shows that flying roses from far flung warmer countries generates less CO2 than the artificial irrigation and additional heat supply that would be required to cultivate them in Europe’s cold climate.That is the view of Lufthansa Cargo as it prepares for the Valentine’s Day rush on February 14.Lufthansa’s ...
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Vote for your Cargo Airline of the Year
Voting is now open for Air Cargo News’ 32nd annual Cargo Airline of the Year awards. You can vote for carriers to specific regions and your favourite all-cargo airline. The 2015 categories are:Best Cargo Airline to/from: Africa, Americas, Asia/Pacific, Europe & Middle East, All-Cargo Airline and the Cargo Airline of ...
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Stronger outbound China cargo boosts Cathay/Dragonair
Cathay Pacific and Dragonair carried a combined 147,275 tonnes of cargo and mail in January, an increase of 12.5 per cent compared to the same month in 2014.The cargo and mail load factor rose by 2.9 percentage points to 63.4 per cent. Capacity, measured in available cargo/mail tonne kilometres, rose ...
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TNT chief warns of tough times ahead
TNT Express made a €137m loss in the fourth quarter of 2014 and continues to face challenging trading conditions, said chief executive Tex Gunning.The integrator, the subject of a failed takeover bid by UPS in 2013, blamed restructuring charges (€70m), goodwill impairments (€32m) and the costs of a re-launch (€22m) ...
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We will do better, promise TNT management
TNT Express has outlined the steps that will return the parcels and freight operator to profit.A core part of its strategy is to set up focused international Europe and domestic units, strengthening its management and accelerated investment in its transport and IT, along with improved service levels.At a capital markets ...
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Africa: New challengers for the cargo king's crown
The domination of the regional air cargo market by non-African carriers, such as Air France-KLM, Emirates and Lufthansa, and by South African Airways, is still strong, but over the past decade two African carriers have risen to challenge them: Kenya Airways and Ethiopian Airlines.South African Airways (SAA) was once the ...
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Nordisk parent sold to TransDigm
Aerospace components firm TransDigm Group has reached agreement to buy the Telair Cargo Group of businesses, owners of the Nordisk airfreight container manufacturing company.US-based TransDigm will pay around $725m in cash for Telair, which it describes as “a global leader in on-board cargo loading and handling, restraint systems and unit ...