Region – Page 218
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News
Qatar Airways ups stake in IAG to 20%
Middle East gulf carrier Qatar Airways has increased its shareholding in IAG, the parent group of British Airways and Iberia, to 20.1%, saying that it does not intend to increase its stake further "unless there are material changes to the current situation".This latest move follows a gradual stakebuilding by Qatar ...
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Lufthansa Cargo looks to become sole owner of time:matters
Lufthansa Cargo has applied to purchase all the shares of time critical logistics firm time:matters with a decision from the German competition authority on whether to approve the deal expected next month.The German cargo carrier currently owns a 49% shareholding in the logistics firm with the remaining 51% owned by ...
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Conversion specialist Bedek eyes potential B777 freighter market
Bedek Aviation Group has 35 years’ experience of passenger to freighter (P2F) conversions, starting with the early Boeing 747-100s, and is already eyeing the prospects for the Boeing 777.The conversion specialist, part of the Israel Aerospace Industries (IAI) giant, has focused on the Seattle-based plane maker’s family of aircraft and ...
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NewsIAG reports double-digit cargo revenue decline despite demand increase
IAG recorded a double-digit percentage decline in cargo revenues during the second quarter of the year despite an increase in demand during the period.The British Airways, Iberia and Aer Lingus owner this morning announced second-quarter cargo revenues of €241m compared with €274m during the same period last year, representing a ...
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JAL's international cargo revenues plunge 32.6% in the first quarter
Japan Airlines (JAL) recorded a 32.6% year on year drop in international cargo revenues to ¥9.9bn in the three months ended June, due to a decline in demand on transpacific routes and other sectors.The Japanese flag-carrier also recorded a 4.1% year-on-year decrease in cargo volumes, measured in revenue cargo ton ...
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NewsAir France KLM Cargo remains in the red
Air France KLM’s cargo business remained in the red during the first half of the year but the phasing out of freighters has helped improve performance compared with a year earlier.The Franco-Dutch airline group’s first-half figures for the cargo business show an operating loss of €116m against a loss of ...
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Start-up airline POP hopes to capitalise on new UK-India trade deals
New start-up low cost Indian airline POP is aiming to capitalise on new trade agreements between the UK and India sparked by Britain’s decision to leave the European Union.The new airline, which will donate 51% of profits to social projects, plans to be the first airline to operate non-stop flights ...
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SIA Cargo losses deepen as yields decline
Singapore Airlines (SIA) Cargo has seen revenues fall and operating losses deepen on the back of a double-digit yield decline.During its fiscal first quarter ending June 30, SIA Cargo saw revenues decline by S$60m, although it does not reveal total cargo revenues, while its operating result slipped to a loss ...
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Shape of things to come: Panalpina and Shapeways in strategic partnership for 3D printing
Panalpina and US-based 3D printing company Shapeways have entered into a strategic partnership to expand globally their digital manufacturing capabilities.Switzerland-based logistics giant Panalpina sees digital manufacturing and 3D printing specifically as “a perfect complement to its Logistics Manufacturing Services (LMS) offering, giving customers the possibility to customise products and bring ...
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Asian airlines record modest cargo growth in June
Asia Pacific airlines recorded “modest growth” in cargo demand in June for the first time since the start of the year, but concerns for future growth remain.Figures from the Association of Asia Pacific Airlines (AAPA) show that Asian airlines saw cargo volumes increase by 4.1% in June in terms of ...
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UK airport gains expansion approval, but it’s not Gatwick or Heathrow
A London airport has finally been given government approval for expansion, but the airport in question is London City and not Gatwick or Heathrow that have been battling to expand.The government today announced the go-ahead for a £344m expansion at London City Airport that includes a new terminal, new aircraft ...
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DB Schenker air cargo growth lags behind rivals
German logistics giant DB Schenker recorded an above market increase in airfreight demand during the first half of the year but growth lagged behind that of two if its largest rivals.DB Schenker, which is the world’s third largest airfreight forwarder and owned by Deutsche Bahn, said that air cargo demand ...
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Amazon and UK cooperate in trials to make drone deliveries "a reality"
Amazon is partnering with the UK Government to explore the steps needed to make the delivery of parcels by small drones a reality, allowing Amazon to trial new methods of testing its delivery systems.A cross-Government team supported by the UK Civil Aviation Authority (CAA) has provided Amazon with permissions to ...
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NewsSluggish May for airfreight says ACI
Global trade growth remained sluggish in May and the air cargo load factor continued to “exhibit weakness” according to the latest Asia-Pacific cargo hub statistics from Airports Council International (ACI).Asia-Pacific members of ACI reported a marginal increase in total airfreight of 1.4% in May 2016 whereas the Middle East reported ...
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Fraport to host air cargo innovation lab
Frankfurt Airport operator Fraport has announced it will play host to a new event in September that will explore future innovation in air cargo.The Air Cargo Innovation Lab, which is being run in co-operation with DVV Media and Air Cargo News, will explore what air cargo logistics operations will look ...
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Ultimate Air operates South Sudan evacuation flights
Ultimate Air has performed a series of urgent air evacuation flights from South Sudan against the recent flare-up in troubles in and around the capital Juba. With all commercial flights in/out of the country being suspended amidst the unrest, Ultimate Air operated over 20 evacuation flights from the country carrying ...
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Astral Aviation: Looking to the horizon
When you think of air cargo in Africa, there is a perception that the level of sophistication on offer is somewhat behind that of Europe, North America, the Middle East and Asia.And while there may be many areas of this vast continent that have poor infrastructure and lag behind on ...
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Panalpina airfreight volumes rise in difficult market
Panalpina has reported on a challenging six months of operations for its airfreight arm, and right across its business.Airfreight volumes rose by 8% year on year over the first six months of 2016, although the market had – the Switzerland based logistics player said – shrunk by 3%.However, much of ...
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Ethiopian Cargo appoints GSSAs in Italy and France
Ethiopian Cargo has appointed Air consult and ATC Aviation Services as its new general sales and service agents (GSSA) in Italy and France effective from June 24 and July 16 respectively.ATC Aviation Services, a Germany-based GSSA, has 32 offices worldwide. The company has already been serving as a GSSA for ...
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Ambatovy looks to DHL Global Forwarding for project logistics
DHL Global Forwarding has inked a three-year global freight forwarding agreement with Ambatovy, a joint venture between Sherritt International Corp, Sumitomo Corp and Korea Resources Corp.The deal encompasses two contracts, according to which the freight forwarding division of Deutsche Post DHL will provide onshore and offshore services for Ambatovy.For the ...