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Shippers have accused the air freight forwarding sector of poor service during a heated debate on high-value pharmaceutical shipments at Iata's World Cargo Symposium in Vancouver.

Cathay Pacific Airways expects to increase its cargo profits through improved forecasting and capacity management using new software.

Taiwan's airlines and shipping lines registered conspicuous revenue growths in the first two months of this year, reported Taiwan Economic News.

Philippine food-to-infrastructure conglomerate San Miguel Corp will take a majority interest in an airport upgrade project and commercial venture worth up to US$275 million, reported Reuters.

As the global plan-leasing market continues to suffer from the financial crisis, it¡¯s understood that Macquarie Group and Hong Kong Aviation Company will try to acquire the US$3.5 billion aircraft portfolio being offloaded by American International Group, reported Australian Financial Review.

Gordon Brown has intervened personally in the British Airways industrial dispute in an attempt to avert a walkout by 12,000 cabin crew next weekend.

Malaysia's state-owned investment firm Khazanah Nasional has divested 85.2 million shares or a 7.7 percent stake in Malaysia Airports Holdings Bhd via placement to institutional investors for US$117.5 million, reported Dow Jones Newswires.

Chinese flag carrier Air China it plans to raise around US$952 million through private placements to replenish working capital, reported Dow Jones Newswires.

Thai Airways International has approved a plan to sell up to one billion new shares, bringing it a step closer to completing its recapitalisation plan that is aimed at improving the flag carrier's financial health, reported Dow Jones Newswires..

SAS has struck a deal with pilots and cabin crew to freeze salaries and reduce pensions and allowances under a cost-cutting plan to return the Scandinavian airline to profit, reported Reuters.

Shippers are "unmoved" and "incredulous" over suggestions that they might be to blame for the financial problems that many air freight companies have faced over the past year, according to research by The Shippers' Voice web forum.

Cargo carried in February by sister carriers Cathay Pacific and Dragonair was up 18.7% on last year.

Volga-Dnepr Airlines is to take delivery of a third new-generation IL-76 freighter next month, taking the group's investment in the modernised aircraft to more than US$90 million.

The Australia Competition and Consumer Commission (ACCC) has slammed Sydney Airport's performance, as the nation's premier gateway was labelled Australia's worst major airport for the fourth consecutive year, the Australian reported.

Qantas Freight has announced it would join Cargo 2000 as an associate member allowing it to fully align its processes and reporting with the strict requirements of the Cargo 2000 system ¨C progression to full membership is expected within 12~18 months.

The air freight industry may require a further two years to comply with new US security rules due to come into effect in August, the agency charged with implementing them has admitted.

Talks aimed at averting a strike by British Airways cabin crew broke down last night after efforts to reach a compromise deal ended in failure

Competition for the booming Shanghai cargo market intensified today as China Eastern took over a controlling share of Great Wall Airlines.

European antitrust regulators took a step this week toward approving an expanded alliance of British Airways (BA), American Airlines and Iberia after the airlines offered to give up landing and takeoff slots at airports in London and New York, the International Herald Tribune reported.

The International Air Transport Association (IATA) halved its loss forecast for 2010 to US$2.8 billion compared to the $5.6 billion loss forecast in December 2009.