In an interview with The Associated Press on Wednesday, chief executive Christoph Mueller described Malaysia Airlines as a "ship that has many leaks”, but added that the monthly profit was a sign that things are on the right track saying revenue has improved and costs are down, underpinned by low jet fuel prices. Twin disasters in 2014 - including the vanishing of MH370 in March 2014 with 239 people on board and a second B777 carrying 298 people which was shot down over Ukraine a few months … [Read more...] about Malaysia Airlines turns first profit in years, on track to be in black by 2018
Global FTKs grew by 2.7% in January, but momentum flat: ICAO
According to the latest update from the International Civil Aviation Organisation (ICAO) freight traffic - expressed in freight-tonne-kilometres (FTKs) - grew by +2.7 per cent year-on-year (YoY) in January 2016, +1.9 percentage points higher than the growth in December 2015. This is the highest growth observed since May 2015. Major freight markets continued to grow modestly, with Asia/Pacific growing by +1.3 per cent. Africa and Latin America/Caribbean contracted by - 1.4 per cent and - 3.6 … [Read more...] about Global FTKs grew by 2.7% in January, but momentum flat: ICAO
LATAM Airlines Group forges unified cargo brand
LATAM Airlines Group has announced the creation of a new, single brand for its cargo affiliates. The new LATAM Cargo brand will unite LAN Cargo, TAM Cargo, LAN Cargo Colombia and Mas Air, becoming the largest cargo airline group in Latin America. The move is part of LATAM Airlines Group’s transition to a new corporate brand identity. With 140 destinations in 29 countries, the LATAM Cargo group of airlines maintains the best attributes of the former brands and unites their … [Read more...] about LATAM Airlines Group forges unified cargo brand
Korean Air launches daily Incheon-Okinawa pax service
Korean Air has announced that it will launch new daily services from Incheon International Airport in Seoul to Okinawa, Japan’s southernmost prefecture, from 5 May utilising B777-200 aircraft. The addition of Okinawa to the route network brings to 16 the number of Japanese destinations served by the airline. … [Read more...] about Korean Air launches daily Incheon-Okinawa pax service
FIATA continues its membership growth adding 38 in March
The International Federation of Freight Forwarders Associations (FIATA) has announced 38 new members in March. "This reconfirms the trend that has been witnessed in recent months where FIATA is joined by a considerable number of new individual members every week,” the Geneva-based organisation said. The 38 new member are from 22 countries from all four FIATA regions, with the largest number joining from the UK. From the Asian region one new member joined from China, three from India and one … [Read more...] about FIATA continues its membership growth adding 38 in March
Zhengzhou’s Xinzheng Int’l growing fast on the cargo front
China’s Zhengzhou's Xinzheng International Airport is now the country’s ninth-largest cargo airport in China, handling 370,000 tonnes of cargo in 2014. This volume has grown from only 85,800 in 2010 on the back of 40 per cent annual growth. Over half of Xinzheng's air cargo flies internationally on more than 20 routes to other Asian countries, Europe, the US and Australia. Much of this growth has been as a result of the rapidly developing Zhengzhou Airport Economic Zone (ZAEZ) - a massive … [Read more...] about Zhengzhou’s Xinzheng Int’l growing fast on the cargo front
