Air Deccan founder GR Gopinath is replicating his low-fare model in his new express logistics venture. Taking rival Blue Dart head on, Gopinath has kept tariffs 10-15 per cent lower than the market leader. “We are selling our product on expansion network, besides distributing cargo at 10-15 per cent cheaper compared with rivals,†Mr Gopinath, who has started his express logistics venture Deccan 360, told the Economic Times. Deccan 360 is currently operating with a fleet of seven … [Read more...] about Gopinath initiates price war in India
NYK/JAL negotiations end, JAL may exit cargo
Nippon Yusen Kabushiki Kaisha (NYK) and Japan Airlines International (JAL) have officially ended negotiations around a possible merger of the cargo businesses of JAL and NYK's subsidiary, Nippon Cargo Airlines (NCA). The negotiations involved the restructuring and the feasibility of a potential merger of the cargo business of JAL and NCA. Both parties said they have reached an amicable conclusion to end the negotiations because the structure of the merger could not be organised within the scope … [Read more...] about NYK/JAL negotiations end, JAL may exit cargo
Transaero launches Moscow-Beijing service
Transaero Airlines will launch regular twice-weekly flights from Moscow, Domodedovo International Airport to Beijing from 4 June. Flight operations between the Russian and Chinese capitals will utilise Boeing 747-400 aircraft. Transaero has operated regular flights to Hainan’s capital, Sanya since 2005. … [Read more...] about Transaero launches Moscow-Beijing service
Lufthansa reports 2009 net loss of US$151 million
Lufthansa has reported a net loss of US$151 million in 2009, but said it achieved its goal of an operating profit. The loss, which followed a $732 million profit in 2008, was largely the result of sharply lower cargo volumes and a decline in higher paying premium passengers. Operating profit plunged 90 per cent to a better-than-expected $175.5 million from $1.76 billion a year ago on revenue down 10 per cent at $30.1 billion. Lufthansa is currently in negotiations with the pilots' trade union … [Read more...] about Lufthansa reports 2009 net loss of US$151 million
AFRICA: Lufthansa Consulting integral to Congo’s aviation
The Republic of Congo has signed a concession agreement for the development, operation and management of the country’s three international airports of Brazzaville, Pointe-Noire andOllombo. The concession which was awarded to AERCO (Aéroports de la République du Congo) with the French Egis Group and its subsidiary SEGAP as the operating company’s main shareholder after what Lufthansa Consulting said was almost three years of comprehensive project work. This … [Read more...] about AFRICA: Lufthansa Consulting integral to Congo’s aviation
AMERICAS: United’s Tilton talks consolidation
United Airlines chairman and chief executive Glenn Tilton has suggested a possible resumption of merger efforts between United and Continental. Merger talks between the two ended in April 2008 amid soaring fuel costs and fading cash reserves, at which time Continental then left the SkyTeam alliance headed by Delta and Air France and joined United in the rival Star Alliance. “The investor seems to have spoken,†Tilton told the Financial Times in reference to the merger of Delta … [Read more...] about AMERICAS: United’s Tilton talks consolidation
