Oman Air said it aims to improve cargo performance to increase its contribution the carrier's total revenue. As part its ongoing expansion plan, Oman Air will boost its cargo business to account for at least 12 per cent of total airline revenues over the next five years, CEO Peter Hill said. The current ratio has freight accounting for only 2 per cent of total revenues, a poor figure by comparison with other regional carriers. Emirates¡¯ cargo division accounted for 19 per cent of total … [Read more...] about Oman Air focuses on lagging freight ratios
Break emission rules and planes may be seized
The UK Environment Agency is to be given powers to seize planes from airlines which break the rules of a new scheme to limit flights' carbon emissions. As the official body to enforce the European Emissions Trading Scheme for aviation, the EA will monitor emissions from flying, police companies' buying of credits when they exceed their allocation, impose fines and, as a last resort, have the power to seize assets of offending airlines. The new authority given to the EA goes beyond its power to … [Read more...] about Break emission rules and planes may be seized
K+N considers global job cuts
Kuehne + Nagel Group (K+N) is reportedly considering 4,500 job cuts following the announcement of modest increases in earnings and revenue for 2008 and expressions of concerns over immediate future business prospects. In its annual results statement released this week, the Switzerland-based global forwarding and logistics provider commented that "for the time being there are no indications that world economy will recover quickly; therefore further volume reductions are expected in all business … [Read more...] about K+N considers global job cuts
Qantas airbuses back in the air
All three of Qantas' new A380 super jumbo jets are up, up and away once more after being grounded for 24 hours to deal with fuel tank and steering problems, the carrier said. The aircraft were grounded in London and Sydney to deal with issues the airline described as "teething problems". Two were out of service due to a fuel tank indication system problem and one experienced a nose wheel ground steering issue and an unrelated fuel leak issue, Qantas said in a statement. All the issues have been … [Read more...] about Qantas airbuses back in the air
AMERICAS: Boeing to go ahead with B747-8F
Boeing last week insisted it was going ahead with production of its planned B747-8 aircraft, despite reports questioning the airframe manufacturer’s commitment. The next-generation ‘Jumbo’ has been met with luke-warm interest on the passenger side, with slightly better interest coming from the cargo market, but reports suggested a decision on whether production would go ahead remained in the balance, due to a low level of orders for the inter-continental passenger version. … [Read more...] about AMERICAS: Boeing to go ahead with B747-8F
EUROPE & CIS: Aeroflot interested in Czech Air
Aeroflot confirmed its interest in purchasing a stake in CSA Czech Airlines following the Czech government’s 5 February tender launch. It intends to sell 91.5 per cent of the national carrier in a two-round tender, but Aeroflot can only acquire a maximum of 49 per cent of the carrier because of Europeanregulations. … [Read more...] about EUROPE & CIS: Aeroflot interested in Czech Air
