The Middle East aviation industry should brace for further turbulence this year, with the region’s airlines poised to rack up combined losses of $200 million this year – twice the amount they lost in 2008, according to the International AirTransport Association (IATA). IATA warned that growth in regional passenger and air cargo traffic in 2009 would “slow to a crawl” of only about 1.2 per cent due to the global recession. At the same time, IATA forecasts that capacity … [Read more...] about MIDDLE EAST: ME carriers to see losses double in ’09
MIDDLE EAST: Maximus Air Cargo doubles its turnover
Heavy-lift specialist, Maximus Air Cargo appears to be immune from the global economic crisis with a more than doubling of its turnover for 2008 over the previous year. Maximus chalked up total sales revenue of US$110.8 million up 134 per cent from the US$47.3 million a year earlier, driven by what it said was an expansion in fleet capacity and consistent dispatch reliability. Freight-tonne kilometres flown during the year grew to 347,785 – up 156 per cent from 135,996 in 2007. Hours … [Read more...] about MIDDLE EAST: Maximus Air Cargo doubles its turnover
MIDDLE EAST: SkyCargo grows cargo capacity by 17%
Fueled by existing orders for new aircraft, Dubai’s Emirates SkyCargo will grow the number of flights across its network by 14 per cent this year andincrease cargo capacity by 17 per cent. Weekly cargo capacity will increase by approximately four per cent to Australia, 10 per cent to Europe, 17 per cent to the Middle East, 15 per cent to Africa. The additional capacity will see more than 700 tonnes of cargo capacity added to the Emirates SkyCargo fleet. Capacity to the US will grow … [Read more...] about MIDDLE EAST: SkyCargo grows cargo capacity by 17%
INDIA:Air India adds 3 A321s to fleet
The National Aviation Company of India (Nacil), which operates Air India, took delivery of three A321 aircraft recently to further its domestic expansion plans. It will get three additional A319 aircraft in March. The national carrier will add four B777-700ERs and three B777-200CRs to its fleet from June to September, and use them for internationalroutes. … [Read more...] about INDIA:Air India adds 3 A321s to fleet
INDIA: Air France joins SIA, MAS withdrawal from Chennai
Chennai is seeing a contraction of services as Air France has advised the Airports Authority of India (AAI) that it would be withdrawing its three-times weekly service out of Chennai from end- March, joining Singapore Airlines and Malaysia Airlines who have already cuttheir daily services to Chennai. … [Read more...] about INDIA: Air France joins SIA, MAS withdrawal from Chennai
INDIA: Paramount Air to launch D2D cargo service
European aerospace group EADS said its Chennai-based Paramount Airways is planning to launch a door-to-door cargo service under its own brand. “We are going to launch an all encompassing cargo division. It will be for door-to-door cargo service and will be introduced under the brand name ‘Paramount’,” Chairman of the airline M Thiagarajan told PTI. The airline currently transports about 100 tonnes per day of cargo and capacity will be expanded to about 300 tonnes a day by … [Read more...] about INDIA: Paramount Air to launch D2D cargo service
