Gulf Air, which is owned by the governments of Bahrain and Oman, has announced plans to restructure it network to improve connections to all centres in the Gulf and the Middle East region. As a consequence, Gulf Air will stop operating to Jakarta and fi ve other heavy-loss-making long haul routes effectiveJuly 1. Gulf Air president and chief executive André Dosé said the airline, which is currently making heavy operational losses, had looked at ways in which the fl eet and resources can be … [Read more...] about MIDDLE EAST: Gulf Air to restructure network
Airports
INDIA: DHL to restructure India joint venture
DHL plans to restructure its joint venture with Lemuir Group in India, paving the way for it to hold the majority stake in the venture, the Economic Times reported. After the restructuring, DHL will hold a 76 percent stake in the new company, DHL Lemuir Logistics Private Ltd, while Lemuir will hold the balance 24 percent stake. Lemuir’s new promoters have agreed for a cash exit option for their reduced stake. In the previous joint venture, DHL Danzas & Lemuir, DHL and Lemuir had a 49 … [Read more...] about INDIA: DHL to restructure India joint venture
INDIA: Jet Airways buys Air Sahara
Jet Airways, which last month acquired Air Sahara for INR14.5 billion rupees (US$340 million), will see its market share of India’s domestic market increase to about 50 percent. The carrier last month unveiled major re-branding initiatives for both carriers, including a fl eet expansion to support Jet’s international services that eventually will incorporate an orderfor 10 787s. Press reports quoted chairman, Naresh Goyal as saying that Jet is renaming Air Sahara Jetlite and will … [Read more...] about INDIA: Jet Airways buys Air Sahara
NEW ZEALAND: Airwork to start cargo airline
New Zealand aviation company Airwork said it will soon launch a cargo airline in Australia, apparently beating Virgin Blue to the deal. The airline, using three Boeing 737Fs, will fl y freight throughout Australia for listed logistics company Toll Holdings, which in New Zealand owns Toll Rail and the Cook Strait Interislander. Airwork managing director Hugh Jones said the company was to sign the fi nal regulatory documents at the end of last month. Two of the 737-300Fs were due to … [Read more...] about NEW ZEALAND: Airwork to start cargo airline
Cargo awaits its place in Abu Dhabi’s airport plans
Long the richest but one of the most conservative of the UAE states, Abu Dhabi has until recently seemed to disdain the example of its enthusiastic northern neighbour Dubai, with its massive investment in infrastructure, freighttransport and tourism. One reason was the emirate’s huge oil wealth. Abu Dhabi has estimated reserves of 92.2 billion barrels, the fourth largest in the world, and enough for it to pump two million barrels a day well into the next century. It also has the … [Read more...] about Cargo awaits its place in Abu Dhabi’s airport plans
Cargo grows 4% at world's airports
The Airports Council International said that airports worldwide reported that 2006 cargo traffi c increased by 4 percent, while passenger traffi c rose 5 percent, as compared to 2005. International passenger and freight results rose even more fi rmly by 7 percent and6 percent respectively. Beijing was a top performer in the Asia Pacifi c region with increases of 18 percent in passenger traffi c, 32 percent in cargo and 10 percent in aircraft movements. Several major hubs across Asia Pacifi c … [Read more...] about Cargo grows 4% at world's airports
