All Middle East Articles – Page 39
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News
Etihad cargo volumes take off
ETIHAD Cargo is celebrating achieving 27 per cent revenue growth during the first half of this year.The freight division outperformed the global market, carrying 268,713 tonnes of air cargo and mail during the sixth-month period – up 25 per cent year-on-year – contributing significantly to the airline’s overall total revenue ...
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Emirates finalises US$56bn B777X order
EMIRATES Airline has confirmed its order for 150 B777Xs, worth US$56billion at list prices, writes Thelma Etim, deputy editor.The huge order includes a combination of 115 B777-9Xs and 35 B777-8Xs, as well as the purchase rights for an additional 50 ‘planes that could increase the value to approximately $75bn at ...
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No stable recovery, finds Lufthansa Cargo
LEADING freight airline Lufthansa Cargo has not discovered any ‘stable recovery’ in global markets in the first six months of 2014, says its chief executive Peter Gerber, writes Thelma Etim, deputy editor.The sharpest decline has come in demand from the Middle East and Africa transport regions.During the period, the German ...
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Emirates' 50th A380 arrives
EMIRATES Airline has received its 50th A380, strengthening its position as the world’s largest international airline, says a company statement, writes Thelma Etim, deputy editor.This latest delivery takes the Middle East carrier’s wide-body fleet to 224, boasting the world’s largest collection of A380s and B777s.Since April 2010, Emirates has taken ...
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Etihad Airways adds six new services
ETIHAD Airways is to launch six new routes in the first half of 2015.The national flag carrier of the UAE will operate daily flights from Madrid, Edinburgh, Kolkata Entebbe.It will also run four flights a week to Hong Kong and three a week to Algiers, says a company statement.Existing daily ...
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Demand for aircraft will hit new heights, says Boeing
THE Middle East and Asia Pacific carriers will take delivery of almost 60 per cent of the predicted 8,600 new widebodied passenger aircraft ordered over the next 20 years, forecasts Boeing, writes Thelma Etim, deputy editor.Among them will be B787-10s, B777s and B777Xs, and B747-8s – adding substantially to the ...
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Etihad Cargo targets Vietnam
ETIHAD Cargo has begun freighter flights between Abu Dhabi and Hanoi, Vietnam.The dedicated cargo service operates every Thursday and Sunday using an Airbus A330-200F, with a capacity of 60 tonnes.Flights to Hanoi route via Mumbai, while the return service is direct to Abu Dhabi.Situated along the Red River delta, Hanoi ...
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Emirates to offer belly capacity to Budapest
FROM October, Emirates Airline is to operate a daily, wide-body A330-200 scheduled passenger service to Budapest, Hungary, offering up to 12 tonnes of belly cargo lift in each direction.With markets in Asia playing an increasing role in the east European nation’s foreign economic growth targets, the UAE carrier expects to ...
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Qatar orders more B777 freighters
QATAR Airways has announced its intention to order four new B777 freighters – with options for up to four more – as part of a potential US$37.7billion passenger and cargo aircraft shopping spree with Boeing, writes Nigel Tomkins, managing director.The planemaker and Qatar have also finalised an order for 50 ...
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IATA: Cargo growth accelerated in September
Global air freight showed accelerated demand in September for most markets, although there are “mixed messages” in regional growth and fears remain of a "bumpy road" ahead.International Air Transport Association (IATA) data saw global freight tonne km (FTKs) volumes rise 5.2 per cent compared to September 2013, some 0.8 percentage ...
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AsiaPac and North American origin cargo drives September surge
Air cargo’s worldwide dollar revenues grew six per cent in September, spurred on by the origin markets of Asia Pacific (+7.7 per cent) and North America (+6.6 per cent), says independent research house WorldACD.Netherlands-based WorldACD, using primary data supplied from airlines, added that while global air cargo volumes increased 6.6 ...
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IATA stats: October growth continues but caution prevails
IATA’s October air freight data for October presents a mixed picture, as strong route development by Middle East carriers and demand for Apple’s iPhone 6 out of Asia were countered by economic concerns in Europe and Africa.Overall global volumes were up 5.4% in October compared to a year ago, an ...
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Air cargo rates gain on US port congestion
Air freight rates continued to climb through November on the back of strong peak season demand and conversions from ocean freight as a result of US supply chain bottlenecks.Drewry’s East-West Air Freight Price Index rose a further 5.3 points in November to reach an all-time peak of 120.8 points, exceeding ...
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Asia and Middle East lead November air cargo surge
Asia-Pacific and Middle East carriers led the November surge in global air cargo demand, amid hopes that the momentum will continue into 2015 as international trade improves.Latest market data from the International Air Transport Association (IATA) saw November 2014 demand, measured in freight tonne km (FTK), grow 4.2 per cent ...
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IATA to survey shippers
IATA is to undertake a global shipper survey, its first for four years, to help it learn more ahead of the World Cargo Symposium in Shanghai during March about customers’ increasingly sophisticated requirements.In a presentation at IATA’s Geneva headquarters in December, Glyn Hughes, the association’s new global head of cargo, ...
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Drewry: East-West airfreight rates in retreat
Air freight rates retreated from their November high as peak season demand receded.Drewry’s East-West Air Freight Price Index fell 12.6 points in December to 108.2 points, bringing the index down closer to seasonal norms.This brought to an end six consecutive months of rising pricing in which the index had gained ...
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December's dollar yields dip
Air freight volumes continued to rise in December but exchange rate and fuel surcharge fluctuations saw a 2014 end of year fall in dollar-based yields, according to research house WorldACD.December’s healthy year-over-year (YoY) volume growth continued 2014's trend, as chargeable weight increased 6.7 per cent, said the Netherlands-based analyst which ...
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ICAO sees cargo improvements
WORLD scheduled airline passenger traffic grew by 5.5 per cent last year, reaching 5.8 trillion passenger-kilometres performed (PKP) – and is expected to increase by six, 6.3 and 6.5 per cent in the years 2014, 2015 and 2016, respectively, according to figures collected by the International Civil Aviation Organisation (ICAO).The ...
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dnata wins EU approval in Philippines
UAE-BASED ground handling company dnata’s operation in Manila has secured RA3 cargo certification for its ramp services at Ninoy Aquino International airport.RA3 certification complements the global air cargo industry’s drive to meet the European Union’s ACC3 – air cargo or mail carrier operating into the Union from a third country ...
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Subdued half year for Lufthansa
Lufthansa’s group cargo volumes fell 3.1 per cent in the first six months of 2014 to 932,000 tonnes in a “subdued” freight market for the German carrier’s airline businesses which include Lufthansa Cargo, Swiss and Austrian Airlines.In its half-year financial review, Lufthansa said: “The global cargo business was more subdued ...