Latest news – Page 685
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News
ICAO agrees new aircraft CO2 emissions standard
The council of the International Civil Aviation Organisation (ICAO) has adopted a new aircraft CO2 emissions standard which will reduce the impact of aviation greenhouse gas emissions on the global climate.Contained in a new Volume III to Annex 16 of the Chicago Convention (Environmental Protection), the aircraft CO2 emissions measure ...
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ATSG full-year profits down due to Amazon start-up costs
Aircraft lessor ATSG reported a double-digit percentage improvement in revenues last year but profits took a hit as it was affected by the start-up of its Amazon contract and pilot strikes.The Wilmington-based airline saw revenues for 2016 increase by 24% year on year to $768.9m, while earnings from continuing operations ...
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Oz funding to develop advanced data analytics
Information technology company Unisys and Data61, Australia’s largest data innovation group, are to develop an advanced data analytics solution for automated security risk assessment of travellers and cargo at air, land and sea borders.Under the collaboration, Unisys will fund joint research with Data61 to develop an advanced data analytics solution ...
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Kewill and LeanLogistics become BluJay Solutions
Kewill and LeanLogistics have rebranded as BluJay Solutions following the completion of an integration process put in place after Kewill acquired LeanLogistics in May 2016.In conjunction with the rebranding, the newly named company has also unveiled the BluJay Global Trade Network, which it described as a “fundamentally new model that ...
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Air Astana extends handling contract with Frankfurt's FCS
Kazakhstan’ Air Astana has extend its handling contract with FCS Frankfurt Cargo Services.Hans-Georg Emmert, managing director of FCS, said: “Air Astana is a growing airline, not only for passenger services but also in the cargo sector. The handled tonnage has more than doubled in the last years.“We very much appreciate ...
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Cargo iQ: Air cargo should focus on reliability not speed
Cargo iQ has called on the air cargo industry to stop focusing on speeding up transport times and to instead concentrate on differentiating products based on the level of reliability on offer.Cargo iQ executive director Ariaen Zimmerman said that the industry has spent too long trying to speed up transport ...
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Vallair orders three B737 freighter conversions from AEI
US-based Aeronautical Engineers Inc. (AEI) has signed a contract with Luxembourg based Vallair to provide three B737-400SF passenger to freighter conversions.Vallair is a player in the aviation asset management business, specialising in the acquisition of "end of life" Airbus A320, Boeing 737 and ATR aircraft.On its website, Vallair states that ...
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Forwarder Crane reshapes European team
Freight forwarder Crane Worldwide has appointed Chris Lee, formerly global account manager, as UK managing director based at the firm's new warehouse facility in London Heathrow.Lee has been with Crane Worldwide since 2011 and has over 20 years of experience in the industry starting out in an operational role with ...
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American breaks another Heathrow cargo record
American Airlines Cargo has broken its fourth daily volume record since August 2016 at London Heathrow airport (LHR).The team this week moved nearly 1.1m lbs (489,849 kg) of freight into and out of LHR, a new record for a single day's throughput.The US carrier transported 276,672 kg from the UK ...
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Bolloré chooses CHAMP for Canadian advanced filing
Bolloré Logistics has selected CHAMP Cargosystems in order to comply with the latest Canadian Customs requirements for e-manifest Advance Commercial Information (ACI) reporting.Using CHAMP’s Traxon Global Customs (TGC) service, certified by the Canada Border Services Agency (CBSA), Bolloré Logistics will be able to file air cargo consignment details prior to ...
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IATA memo to Trump: cut aviation taxes and return to the principles of deregulation
In a Washington policy speech aimed primarily at the new US administration of President Trump, IATA’s top boss has urged governments to support the vital role aviation plays in connecting people and commerce around the globe.“Our world has grown much wealthier through trade and travel. Air travel liberates people to ...
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West Atlantic revenue fall in 2016 but gains Royal Mail contract
Sweden's West Atlantic cargo airline saw 2016 full year revenues down by 6.3% to SKr1.3bn ($145.6m), due partly to the loss of a five-aircraft contract with Swedish NMO PostNord at the end of 2015.Full year 2016 earnings before interest, tax, depreciation and amortisation (ebitda) amounted to SKr127.5m down by 28.3% ...
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Double-digit airfreight growth for Panalpina but profits take a hit
Panalpina recorded a double-digit improvement in air cargo volumes last year but rate hikes in the second half of the year put pressure on profits.The Switzerland-based freight forwarder saw 2016 revenues decrease by 11.3% year on year to SFr5.2bn ($5.1bn), while operating profits were down 30.1% to SFr82bn and net ...
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Cargolux looks to add new African destinations
Cargolux is looking to add new destinations to its network in Africa and is hoping that demand to and from the continent will pick up this year after a tough 2016.The carrier’s regional director for Africa, Jonathan Clark, told Air Cargo News that the airline was looking to diversify its ...
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Majority stake in Hahn airport sold to HNA of China
Germany's Rheinland-Pfalz state has confirmed that its majority shareholding in Frankfurt-Hahn airport will be sold to HNA Airport Group of China.A press conference and an official signing ceremony will be held later today (March 2) to provide further details.The state's 82.5% stake in Frankfurt-Hahn has been up for sale for ...
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Volumes up in January despite Chinese New Year effects
Chinese New Year affected airfreight demand in January, but nonetheless volumes improved during the month compared with a year earlier.The latest figures from analyst WorldACD show that air cargo demand in weight terms improved by 4.9% year on year in January, with the origins Asia Pacific and North America registering ...
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IAG Cargo and Exelsius hold sixth GDP workshop
IAG Cargo and Exelsius Consultancy recently held the sixth in their series of international Good Distribution Practices (GDP) Academy workshops, this time in Mumbai – the second time the Academy has visited India.Attended by students from 15 companies, the two-day course offered a combination of both classroom and practical training ...
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NewsMixed results for airfreight rates in February
Airfreight rates on services from Hong Kong to Europe and Hong Kong to the US continued to decline in February, while there was an improvement on services between Frankfurt and North America.The latest figures from TAC Index show that average airfreight prices on services from Hong Kong to the US ...
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IAG Cargo appoints new chief financial officer
IAG Cargo has appointed Lewis Girdwood, who joins the business from EasyJet, as chief financial officer.Girdwood has more than 25 years of financial experience and previously worked as EasyJet's head of financial planning and analysis. He replaces Sarah Nichol who has taken some time out for a sabbatical.His role at ...
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K+N targets acquisitions as profits reach record levels
Kuehne+Nagel (K+N) will look to make "selective acquisitions" after it managed to increase airfreight volumes ahead of market growth levels last year and overall earnings reached record levels.The Switzerland-based freight forwarder saw 2016 total group revenues decrease by 1.5% year on year to SFr20bn, while net earnings for the year ...