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
Airports
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
Royal Brunei sees 20% rise in cargo volumes
Royal Brunei Airlines (RB) reported a 20 per cent growth in its cargo business over the past 12 months following an outsourcing agreement with Air Logistics, according to a report from Centre for Aviation (CAPA). The report quoted RB chief commercial and planning officer Karam Chad as saying that the deal with Air Logistics provided global coverage and delivers guaranteed monthly revenue to the carrier as part of the contract. Air Logistics is a joint venture between the Brunei … [Read more...] about Royal Brunei sees 20% rise in cargo volumes
Integrator growth offsets maindeck plummet at Brussels
Cargo volumes carried from Brussels Airport stabilised in the month of July, down slightly by 0.8 per cent year-on-year to 36,883 tonnes with belly cargo seeing a 7.4 per cent increases to 11,882 tonnes, confirming what the airport said was the positive trend started at the end of last year. Full-freighter cargo, however, remains under pressure worldwide the airport said, as main deck volumes plummeted 38.6 per cent to 8,268 tonnes. But it also noted this was compensated for by the … [Read more...] about Integrator growth offsets maindeck plummet at Brussels
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”