Europe – Page 140
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News
Lufthansa's air cargo and logistics division slips to loss on freight centre delay
Lufthansa’s air cargo and logistics division sank to an operating loss in the first half of the year despite lower fuel prices and an increase in revenues.The logistics segment, which includes Lufthansa Cargo, Jettainer and its share of AeroLogic, saw first-half revenues increase by 4% on last year to €1.2bn ...
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DSV ups profit forecast as airfreight volumes takeoff
DSV has raised its profit forecast for the year as its airfreight division grabbed market share and it benefitted from exchange rate gains in the second quarter.The Danish forwarder recorded a 10% year-on-year increase in airfreight volumes during the second quarter to 77,000 tonnes.Air revenues increased by more than 4% ...
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From the spare room to the boardroom: Bowman’s 20 years at Air Charter Service
Air Charter Service chief executive Justin Bowman has celebrated 20 years at the company, which he joined after lodging with the broker company’s founder.Bowman first became aware of ACS when as a student he moved into founder and chairman Chris Leach’s spare room in the early 1990s.Leach said: “During the ...
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Quick change B737 for Mistral Air
PEMCO World Air Services has redelivered a converted Boeing 737-300QC (Quick Change) to Automatic, a US-based aircraft leasing company.US-based passenger to freighter conversion specialist PEMCO said that the aircraft, built in 1998, is to be operated by Mistral Air based in Italy.Mistral Air is one of the main Italian air ...
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WFS expands at Heathrow
Cargo handler Worldwide Flight Services has signed a lease for a “significant” new facility at the Heathrow Cargo Centre (HCC).Property owner Airport Property Partnership (APP), owned by SEGRO and Aviva Investors, said WFS had signed up to take a 7,650 sq m airside unit at HCC.Alan Holland, director of APP ...
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Brussels launches probe into FedEx’s proposed TNT takeover
The European Commission has opened an in-depth investigation into FedEx’s proposed $4.8bn takeover of TNT Express over concerns the deal could reduce competition and push up prices.The Commission said it had concerns that on a number of European markets for international express and regular small package deliveries, the merged entity ...
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IAG revenues up on currency gains
IAG saw cargo revenues increase by more than 8% during the second quarter of the year despite a volume decline caused by a move away from operating its own freighters.The Iberia and BA owner recorded cargo revenues of €259m during the second quarter of the year, up from €238m during ...
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IATA hits out at Paris airport charge increases
IATA has hit at the French Government for allowing the operator of Paris-Charles de Gaulle (CDG) and Paris-Orly (ORY) airports to continue increasing airport charges for each year of the 2016-2020 period.The airline group said the French government’s decision ignores the recommendation of the independent Airport Consultative Commission, which said ...
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Ground handling shake-up continues as HNA swoops on Swissport in Sfr2.7bn deal
The fast-changing ground handling industry today saw a second major takeover take place within a week when China’s HNA Group swooped on Swissport in a Sfr2.73bn deal.HNA, owner of China’s fourth-largest airline, Hainan Airlines, said Zurich-based Swissport would remain a standalone business within the group and added that it would ...
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TNT launches Tunis air link
TNT has launched a Boeing 737-400 freighter link to Tunis, the capital city of Tunisia, from its main European air hub in Liege, Belgium.The service will operate five times weekly via Marseilles, with flights arriving in Tunis every weekday before start of business and leaving the city in the evening.The ...
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Ground handler shake-up continues as dnata swoops on Amsterdam business
The shake-up of the ground handling industry continued today as dnata announced it had struck a deal to acquire Aviapartner’s cargo handling operations at Schiphol airport.The deal will see dnata gain Aviapartner’s 44,000sq m of warehouse space, where it handles 360,000 tonnes of cargo each year and employs 430 staff.The ...
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TNT updates on FedEx deal as Q2 losses narrow
TNT Express has confirmed that it expects its acquisition by FedEx to be completed in the first half of next year as it reports a loss of €1m for the second quarter.The Amsterdam-based express operator recorded a second-quarter 6.2% year-on-year improvement in revenues to €1.8bn.Operating income jumped to €19m from ...
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Update: DB Schenker Logistics not for sale but set for part privatisation
Deutsche Bahn has dismissed the potential sale of its DB Schenker Logistics business but adds it is open to part privatisation of the forwarder.On announcing its half-year results, which saw the rail and logistics giant increase overall revenues by 1.3% on last year to €20bn, although industrial action caused earnings ...
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Air France KLM warns of capacity cuts as losses deepen
Air France KLM’s cargo division has seen losses deepen in the second quarter of the year and services at the airline will be cut as it attempts to address overcapacity.The airline group’s cargo division saw its operating loss for the second quarter of the year increase by 33% against last ...
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Tough June for Europe's air cargo carriers
European airlines continued to struggle with the continent’s weak economic conditions last month with volumes and load factors continuing to lag behind last year’s levels.Combined data from the IAG Group, Lufthansa Group, Air France KLM and Finnair show that demand at the airlines they own declined by 4.6% year on ...
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CEVA opens new Netherlands distribution centre
CEVA Logistics has opened a new distribution centre for industrial spare parts, consisting of warehousing space of 12,000 sq m and a yard of 10,000 sq m in Born, the Netherlands.The new centre, which will cater for air, ocean and overland cargo, features 28,000 bin locations and 3,000 sq m ...
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Cargolux: 76% of flights unaffected by strike
Cargolux has claimed that 76% of its flights were unaffected today when pilots belonging to the LCGB union staged a walkout.The Luxembourg airline claimed that the strike action was illegal as a collective work agreement was in place and both parties were actively negotiating towards a new agreement.It said that ...
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Cargolux pilot's union stages 24 hour walk-out
Cargolux pilots belonging to the LCGB union have called a 24 hour walk-out from 3am this morning (July 23).A statement by the union, issued at 08.00 (CET), claimed that the “warning action” by its members has so far seen “five out of seven Cargolux Airplanes” remain on the ground since ...
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LuxairCargo ready to go green
Luxair Group’s airfreight handling division LuxairCargo says it is one of the first four companies to apply for a ‘Lean & Green’ label from the Luxembourg Government.The scheme was launched in June 2014 by the Ministry of Sustainable Development and Infrastructures in collaboration with Cluster for Logistics, which promotes and ...
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Panalpina suffers Q2 airfreight declines
Panalpina lost ground on its airfreight rivals during the second quarter of the year as key market segments came under pressure, while profits took a hit on currency exchange.The Switzerland-based freight forwarder recorded a 5% decline in volumes compared with last year to 203,000 tonnes, which it blamed on lower ...