All Europe Articles – Page 117
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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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FedEx offer for TNT gains unconditional acceptance
FedEx's offer for TNT shares has been unconditionally accepted with the deal now set to be completed on May 25.This morning the two companies declared that 88.4% of all TNT shares had been tendered and accepted with all offer conditions satisfied or waived.“We are pleased with the outcome of the ...
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NewsCargo crime group calls for law enforcement to provide more data
The Transported Asset Protection Association (TAPA) has called on law enforcement agencies to increase the amount of cargo crime data they share to help the logistics and transport industry reduce incidents of theft.TAPA said if law enforcement agencies share extra crime data its members would be able to utilise this ...
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TNT tenders shares as next step in takeover by FedEx
TNT Express has tendered 88.4% of its shares for acceptance as part of its proposed takeover by FedEx.The Netherlands-based express firm will announce whether shareholders have unconditionally accepted the offer by no later than May 19.The move comes after China gave its approval for the FedEx-TNT deal in late April.With ...
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NewsEuropean monthly: A new hope as European airlines return to growth
Europe’s major cargo carriers have seen cargo volumes return to growth in April after a difficult start to the year.All four major European airlines monitored in the Air Cargo News monthly spotlight recorded a year on year increase in demand in April for the first time since March 2014.It follows ...
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DSV's UTi acquisition sees airfreight soar but profits take a hit
DSV Air & Sea has recorded drastically improved airfreight volumes as its latest acquisition, UTi, is included in its opening quarter results for the first time.During the first quarter of the year, DSV, which recently won the Air Cargo News forwarder of the year award, saw airfreight volumes increase by ...
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April surge for Frankfurt cargo volumes
Frankfurt Airport has returned to cargo volume growth for the first time in the current business year with a 5% surge in April to 181,948 tonnes.Europe’s number one hub by cargo throughput said that Far East traffic was the main growth driver last month, with cargo tonnage to/from this region ...
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Liege opens first class lounge for four-legged VIPs
Liege Airport has officially opened a ‘Horse Inn’ for travelling equines, aiming to tap into growing demand for purpose-built resting and loading areas.The €2.6m facility will cater for all horses in transit at the Belgian gateway, whether by air or road.Liege Airport is also sponsoring top Belgian show jumper and ...
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Parma to be Etihad cargo hub
Etihad Airways has signed an exclusive agreement to develop cargo traffic at Parma airport in central Italy.The deal initially includes setting a transit centre at Parma Giuseppe Verdi to receive cargo for forwarding to Milan Malpensa Airport for onward transport.The new hub will feed traffic to and from flights operated ...
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LCI leases freighters to Turkish operator
LCI, the aviation leasing arm of the Libra Group, has increased its fleet of dedicated maindeck freighter aircraft.Two additional Boeing 747-400F aircraft are now flying for Qatar Airways and Saudia, Saudi Arabian Airlines, and are being operated by ACT Airlines, known as myCARGO Airlines, the Turkish wet-lease operator.The two Pratt ...
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UK forwarders latest to urge action on runway decision
UK forwarder association the British International Freight Association (BIFA) has backed a Transport Committee report urging the government to make a decision over airport expansion.BIFA director general Robert Keen said that the 1,500 companies within BIFA share the Transport Committee’s belief that the delay risks damaging UK economic growth by ...
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German rail to sell a minority stake in Schenker
Deutsche Bahn (German railways) has confirmed plans to push ahead with the sale of a stake in its DB Schenker forwarding and logistics arm.It confirmed today (5 May) that the management board is to develop an implementation plan for a third-party minority holding in DB Schenker, as well as its ...
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Seko finds UK aerospace home
Seko Logistics has opened its first Centre of Excellence for the UK aerospace and aviation sector at Farnborough Airport near London.Seko already has similar centres in Europe, the Americas and Asia Pacific, while its global aerospace and aviation headquarters is in Dallas, the second largest aerospace market in the world.Farnborough ...
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Terror attacks hit Brussels Airlines cargo Q1 results
Brussels Airlines says its cargo traffic in March was sharply down, due to the terrorist attacks on its home airport on March 22.The Lufthansa Group subsidiary said that cargo traffic was largely interrupted after that date and that the total of 2,609 tonnes reflected a decrease of 21% compared with ...
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Mixed first quarter fortunes for Frankfurt
Frankfurt airport operator Fraport said it had mixed financial results in a challenging business environment in its interim report for the first quarter of 2016.With passenger traffic still growing - up 3.3% year-on-year, Fraport achieved higher revenue from airport and infrastructure charges as well as from aircraft handling, but this ...
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Transport committee backs Heathrow expansion and urges UK government to avoid further delays
The UK transport committee has backed the expansion of Heathrow airport and warned that any further delays in making a decision could result in lost growth.A Transport Select Committee today issued a report on its investigation into airport expansion in the UK.The committee backed expansion at Heathrow, following on from ...
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Berlin’s new airport nightmare refuses to go away
In the latest twist in the saga of Berlin’s new airport, prosecutors are investigating reports that an engineer working on Berlin's troubled new Brandenburg airport was poisoned for whistleblowing.According to German media, the man, aged about 50, had been threatening to lift the lid on payments paid to officials involved ...
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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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China green light for FedEx-TNT deal
FedEx Corporation and TNT Express have said that they have obtained the unconditional approval of China’s Ministry of Commerce (MOFCOM) for their merger.With one of the last remaining hurdles to the deal surmounted, the two express companies say that the offer condition with respect to competition clearances has now been ...
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Lufthansa's cargo division records first quarter ebit loss
Lufthansa’s cargo business returned to the red during the first quarter of the year as overcapacity and weak demand took their toll on the business.The Lufthansa Logistics business, which includes the cargo division, ULD specialist Jettainer and its Aerologic investment, saw first-quarter revenues drop by 21.8% year on year to ...