The Cathay Pacific Group, which saw its net profit plunge 83.3 per cent, year-on-year, to HK$916 million in 2012, also recorded strong declines in its core cargo segment. Freight revenues lagged 5.5 per cent, year-on-year, in 2012, due to weak demand in major markets, particularly the Asia-to-Europe trade lane.
A new industry record was set when 2,400 freight forwarder delegates attended the 2013 World Cargo Alliance Family Annual Conference Week, held in Bangkok from March 4 to 10.
Cargo traffic for LATAM Airlines Group increased 0.6 percent in February and capacity increased 3 percent compared to February 2012, the company reported.
Airbus doesn't wish Boeing any ill will, the chairman of Airbus Americas says.
One of Volga-Dnepr Airlines' giant AN-124-100 freighters was needed to transport a fuselage section for the new Irkut MS-21 Russian passenger aircraft.
Lufthansa Systems today announced that Aeroflot Russian International Airlines has opted to use the NetLine/Hub IT solution.
AirBridgeCargo, the largest Russian cargo airline and part of the Volga-Dnepr Group of Companies, and CHEP Aerospace Solutions have agreed to extend their Unit Load Device (ULD) outsourcing and management agreement until mid-2018.
SkyCargo, the freight division of Emirates, one of the fastest growing airlines in the world, has strengthened its Cool Chain Premium Service with the appointment of an additional cool chain solutions provider.
Boeing has received approval from the U.S. Federal Aviation Administration (FAA) of the company's plan to test and certify improvements to the 787's battery system.
Worldwide Flight Services (WFS) has been awarded a ground handling licence at Manchester Airport and won Turkish Airlines as its launch customer.
Emirates operated a one-off service of its flagship A380 to the island of Mauritius. The first commercial flight of an A380 to the country was scheduled in celebration of the islandí»s 45th anniversary of independence.
Saudi Airlines Cargo has increased its frequencies to West Africa from Dubai World Central.
On March 31, Latvian airline airBaltic will start flights from Riga to Istanbul Sabiha Gökçen International Airport. The improved service will offer convenient travel between the two airports, and beyond to destinations in the Baltics, Scandinavia, Russia, and the CIS.
Beginning 31 March, IAG Cargo will benefit from extra belly-hold capacity on its service from Hyderabad's Rajiv Gandhi International Airport to London Heathrow Airport. The carrier, borne from the British Airways World Cargo and Iberia Cargo merger, will see one additional weekly passenger flight originating at Hyderabad airport.
American Airlines and United Airlines both posted double-digit cargo losses in February, with freight traffic stalling 10.2 per cent and 15.7 per cent, year-on-year, respectively. These figures are on par with the carrier' January statistics, which showed United and American Airlines' volumes lagging a respective 11.8 per cent and 9.3 per cent, year-on-year.
With their spirits sky high about the multi-billion dollar airports expansion programme, the six Gulf Cooperation Council (GCC) states are increasingly exploring the airport leadership challenges and capacity building in their endeavor to solidify the region's future position on the world aviation map.
Boeing said that strong demand for its commercial airplanes and a healthy backlog are behind the company's decision to keep increasing production rates.
Ruslan International-- the company which manages and markets the combined Antonov An-124 fleets of its shareholders Antonov Airlines and Volga Dnepr Airlines -- has arranged the transport of a brand new Sikorsky S-92 helicopter from Stewart International Airport in New York State to Stavanger in Norway, where it will be used for flying to and from offshore oil rigs in the North Sea.
Two Japanese freight forwarders have agreed to plead guilty and to pay fines totaling $18.9 million for conspiring to fix rates on US-bound airfreight shipments in the US Department of Justice (DOJ)'s ongoing investigation into price-fixing. Yusen Logistics Co. Ltd. has agreed to pay $15,428,207 in retribution, with "K" Line Logistics Ltd. forking over $3,507,246 to the DOJ.
Air Transport Services Group (ATSG) has successfully merged its Air Transport International Inc. and Capital Cargo International Airlines (CCIA) subsidiaries, a move creating the single airline, ATI. ATSG has surrended CCIA's Air Carrier Certificate to the US Federal Aviation Administration and transferred the carrier's aircraft leases and other assets to ATI.