FlyDubai, a startup low cost carrier (LCC) owned by the Dubai government, which plans to launch service in mid-2009, placed a firm order for 50 Boeing737-800s valued at US$3.74 billion during the recent Farnborough Airshow.The carrier also will lease four B737-800s from Babcock & Brown.First delivery is scheduled for May 2009 through to 2015. CEO Ghaith AlGhaith, formerly Emirates executive VP-commercial operations worldwide, said the carrier plans to operate an all economy737-800 fleet with … [Read more...] about MIDDLE EAST: Low cost startup FlyDubai orders 50 B737s
MIDDLE EAST: Brazilian carrier and Emirates cooperate
GOL Linhas Aereas Inteligentes S.A.,the parent company of Brazilian airlines GOL Transportes Aereos S.A. (GTA) and VRG Linhas Aereas S.A. (VRG), announced last week that its cargo transport unit, Gollog, has signed apartnership with Emirates SkyCargo.Under the agreement, Gollog will use GTA and VRG aircraft to transport cargo originating in any of the 59 pointsin Brazil and the rest of South America served by either airline and deliver it to Guarulhos International Airport in Sao Paulo. Upon … [Read more...] about MIDDLE EAST: Brazilian carrier and Emirates cooperate
MIDDLE EAST: DAE boosts portfolio with 18 more freighters
Dubai Aerospace Enterprise (DAE) is expanding its aircraft leasing portfolio with the acquisition of 18 Boeing freighter aircraft by DAE Capital, the group's aircraft leasing and financing business.The company is to acquire the new freighters in a purchase and leaseback deal. The aircraft, which will be acquired from Emirates Airline, comprises 10 Boeing 747-8Fs and eight Boeing 777 freighter aircraft.This latest agreement will increase DAE Capital's leasing portfolio to 49 aircraft and with a … [Read more...] about MIDDLE EAST: DAE boosts portfolio with 18 more freighters
INDIA: Deccan jump-starts Nagpur cargo hub
A new cargo hub is set to take off after Deccan Cargo Pvt Ltd recently signed a MoU with Maharashtra Airports Development Company (MADC) for setting up a state-of-the-art cargo hub atthe multi-modal international passenger and cargo Nagpur airport. The hub is expected to start functioning by January 2009.The MADC is to provide Deccan Cargo with 50 acres of land at Mihan for setting up the cargo facility, which is expected to benefit local agricultural producers.Capt Gopinath of Deccan Cargo said … [Read more...] about INDIA: Deccan jump-starts Nagpur cargo hub
INDIA: Heavy turbulence for India’s air sector
India's rapid airline sector growth has hit a major snag as surging fuel prices are plunging the nascent industry into massive losses. The country's carrier shave racked up a combined loss of US$938 million in the fiscal year to March 2008 with aviation officials from the Indian government saying this figure could well double this year if oil prices climb unabated.The forecast represents nearly a third of total global losses of US$6.1billion projected by the International Air Transport … [Read more...] about INDIA: Heavy turbulence for India’s air sector
BRUNEI: BRUFA calls for wider inclusion
Brunei Freight Forwarders Associations (BRUFA) has stressed the need for Brunei, East Malaysia and Kalimantan to be included in the so called 'Asian Highway Network' as well as in the United Nations Economic and Social Commission for Asia and the Pacific's (UNESCAP) plans to create logistics clusters in the region.BRUFA president Hj Abdul Samanand secretary general Thomas Koh said Brunei was committed to become alogistics services provider in the region in line with the Brunei government's year … [Read more...] about BRUNEI: BRUFA calls for wider inclusion
