Globally, the 240 International Air Transport Association (IATA) member airlines - representing 84 per cent of global air traffic - carried nearly 48 million tonnes of cargo in 2013 of the cargo with freight tonne kilometres up only 1.8 per cent compared to 2012, but never-the-less an important reversal of the 1.1 per cent contraction that 2012 saw over 2011. The top five airlines ranked by total scheduled freight tonnes carried were: Federal Express (7.1 million), UPS Airlines (4.1 … [Read more...] about IATA members carried 48m tonnes of cargo in 2013
Aircraft Manufacturers
Etihad-Alitalia deal is sealed, cargo to be resurrected
Etihad Airways and Alitalia have finally sealed their partnership, making the financially troubled Italian legacy carrier the eighth airline in Etihad’s Equity Alliance. Under the agreement, Etihad will invest €560 million in Alitalia for a 49 per cent stake. Relaunching and expanding Alitalia’s cargo business to serve the Italian market, Europe’s third largest, is a key part of the Gulf carrier’s strategy, Etihad CEO James Hogan said after signing the deal on 8 … [Read more...] about Etihad-Alitalia deal is sealed, cargo to be resurrected
Volga-Dnepr celebrates birthday of An-124 designer
Volga-Dnepr Group celebrated the 80th birthday of Victor Tolmachev, the legendary Chief Designer of the An-124 ‘Ruslan’ and An-225 ‘Mriya’ transport aircraft on 11 August, to mark his outstanding contribution to the world of aviation. Tolmachev, who continues to serve the industry as technical director of Volga-Dnepr and as an advisor to the group’s president, Alexey Isaikin, is a Doctor of Engineering Science, a Member of the Russian Academy of Natural … [Read more...] about Volga-Dnepr celebrates birthday of An-124 designer
Global freight traffic grows 2.2% in June: ACI
Global air freight markets achieved moderate growth of 2.2 per cent for the month of June, according to statistics from the Airports Council International (ACI). The recovery in world trade coupled with an improvement in domestic demand in advanced economies has helped bolster air freight markets over the last three quarters, the organisation said. Asia-Pacific experienced the strongest gains as compared to the previous year with a rise of 4.5 per cent. The Asian hubs of Hong Kong … [Read more...] about Global freight traffic grows 2.2% in June: ACI
Malaysia Airlines to delist for “complete overhaul”
Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned by delisting it from the country's stock exchange in order to undertake a major overhaul of the beleaguered carrier. Currently estimated to be bleeding $2 million a day after two major disasters – the disappearance of MH370 and the shoot down of MH17 – this year added to its longstanding financial problems. Malaysia Airlines hasn’t been profitable for the past three … [Read more...] about Malaysia Airlines to delist for “complete overhaul”
Malaysia Airlines to delist for “complete overhaul”
Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned by delisting it from the country's stock exchange in order to undertake a major overhaul of the beleaguered carrier. Currently estimated to be bleeding $2 million a day after two major disasters – the disappearance of MH370 and the shoot down of MH17 – this year added to its longstanding financial problems. Malaysia Airlines hasn’t been profitable for the past three … [Read more...] about Malaysia Airlines to delist for “complete overhaul”
