Latest news – Page 774
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News
Freighter lessor ATSG upbeat on 2015 results
US-based freighter lessor Air Transport Services Group (ATSG) said that its financial results for 2015 are “likely to exceed management’s earlier guidance” due primarily to better-than-expected results from its airline operations in the fourth quarter.ATSG now projects that its earnings before interest, taxes, depreciation and amortization (EBITDA) will likely be ...
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American Airlines Cargo releases enhanced air waybill tracking on website
American Airlines Cargo has introducedredesigned tracking functionalities on its website.Developed to "increase visibility into the entire shipping process", the customised tracking capabilities will improve shipment visibility from booking to delivery.The features include: Live “at-a-glance” status updates via color-coded progress bars Detailed flight, AWB and Customs information Simple access and navigation ...
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Damco back in profit for 2015
Damco, the freight forwarding arm of Danish maritime giant AP Moller-Maersk (APM), moved from an underlying $225m loss in 2014 to an underlying $15m profit in 2015 as its airfreight volumes fell by 4%.“Productivity improvements, overhead cost reductions and growth in supply chain management activities were the primary drivers behind ...
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CargoLogicAir set to offer scheduled service to Africa from February
Valentine’s Day (February 14) looks set to be the day CargoLogicAir (CLA) begins to offer its first scheduled flight.AirBridgeCargo said that its “partner airline” CargoLogicAir will offer a scheduled service from Stansted to Frankfurt, Libreville (Gabon) and to Johannesburg with further routing to Nairobi.Earlier this week, CLA revealed that it ...
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Ethiopian Cargo loss continues to bite at Brussels
Brussels Airport continued to suffer from the withdrawal of Ethiopian Cargo services in January as the Belgian airport recorded a decline in airfreight demand.The airport, which was one of the success stories of 2015, saw cargo demand decline by 2.4% year on year in January to 36,964 tons.Full-freighter demand suffered ...
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Thilo Schäfer joins Leisure Cargo
Ex-Lufthansa Cargo manager Thilo Schäfer has been appointed managing director of Leisure Cargo — the ‘virtual cargo airline’ of German low cost carrier airberlin — taking up his role next month (March).Schäfer will lead the company together with Klaus Sieger.Thilo Schäfer previously held the position of vice president global handling ...
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Aircraft CO2 emissions standard edges closer
The introduction of an aircraft carbon dioxide CO2 emissions standard has come a step further at the UN’s International Civil Aviation Organization (ICAO).A new environmental measure was unanimously recommended by the 170 international experts on ICAO’s Committee on Aviation Environmental Protection (CAEP), paving the way for its ultimate adoption by ...
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New guidelines ensure four-legged friends are fit to travel
Freight interests, veterinary organisations and animal welfare groups, together with the European Commission, have published new guidelines on transporting equidae - horses, ponies, donkeys or hybrids.As well as general advice on journey length and the design of accommodation, they set out clear and simple methods of assessing the fitness of ...
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Tough start for Gatwick's cargo business
Gatwick Airport’s air cargo business has had a tough start to the year as demand dropped by almost 10%.The West Sussex airport, which is hoping to secure government backing for expansion at the expense of west London rival Heathrow, saw cargo demand drop by 9.7% year on year in January ...
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Air China agrees to $50m payout in US air cargo cartel lawsuit
Air China has reached a $50m settlement with plaintiffs in the ongoing air cargo cartel class action lawsuit in the US.Law firm Robins Kaplan LLP said that Air China Limited and Air China Cargo Company Limited had agreed to the payout.It said only Air India and Air New Zealand were ...
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ASL swoops on TNT fleet
ASL Aviation has agreed to purchase TNT Airways and Pan Air Líneas Aéreas, which the express firm has agreed to sell as part of its takeover by FedEx, for an undisclosed sum.The deal will see Dublin-headquartered ASL, which was the expected destination of the fleet, take over the flights operated ...
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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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CargoLogicAir reveals fleet plans
New UK-based all-cargo airline CargoLogicAir (CLA) has revealed it hopes to operate a fleet of five Boeing 747 freighters in 2018.The much speculated-upon airline today confirmed it had been awarded an Air Operator Certificate (AOC) by the UK Civil Aviation Authority.CLA has taken delivery of its first Boeing 747-400 freighter ...
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Finnair Cargo signs up Mercator's SkyChain
Finnair Cargo has signed up to use software provider Mercator’s SkyChain air cargo management system as the airline expands hub and air capacity.SkyChain will be implemented by October 2016, six months ahead of the opening of Finnair's new cargo terminal in spring 2017.The new terminal is being developed in line ...
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SIA Cargo Q3 profits down despite demand jump
Singapore Airlines Cargo saw operating profits decline in its fiscal third quarter despite an increase in demand.SIA Cargo recorded an operating profit of S$2m during the October-December period compared with a S$17m profit during the same period in 2014.It said the decline was down to yields declining by 13.5% as ...
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Difficult end of year for Latin American carriers
Latin American airlines saw cargo demand slip by 425m freight tonne km in 2015 as weakening economic conditions continued to affect airline performance.The end-of-year figures from the Latin American & Caribbean Air Transport Association (ALTA) show that cargo demand for its 11 member airlines ended the year 8.2% down on ...
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TPP trade deal signing welcomed by UPS
UPS has welcomed the eventual signing of the Trans-Pacific Partnership (TPP) free trade agreement but commentators have warned that there are years of negotiations ahead.Earlier today 12 nations - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam – signed up to the TPP ...
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NewsAir China records highest cargo growth rate for 2015 as others falter
Air China ended 2015 as the major combination airline (see table at end of article) with the fastest growing cargo demand and was one of five that didn’t record a growth slowdown compared with 2014.Of the carriers that report monthly cargo demand, the Chinese flag carrier saw traffic jump by ...
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A milestone for the e-AWB, says Descartes
From March 1, fifteen air carriers (see below) will switch to the electronic air waybill (e-AWB) as the preferred process for shipping airfreight.This is a significant milestone in the air cargo industry and creates a new level of urgency for forwarders to move toward the eAWB.On the carrier side, the ...
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NewsTechnology developments to deliver results more quickly
December 2015 saw the first part of the IATA’s e-Freight programme, the electronic air waybill (e-AWB), average an 84% level of adoption between the best performing Unisys carriers and their top twenty forwarders.That clearly illustrates that the e-AWB is no longer a technology challenge, but rather one of adoption if ...