US-based FastShip, Inc., in partnership with industry consultants Triangle Management Services, has issued an open invitation to bid on cargo capacity on a planned new cargo service between the ports of Philadelphia and Cherbourg in France. In a statement, the company said that its JetShip service will fill the untapped middle market in the shipping industry between air and sea freight, enabling door-to-door delivery time that is comparable to standard air freight at half the cost. … [Read more...] about EUROPE: FastShip issues tender for cargo capacity

The Dubai Department of Civil Aviation has commenced implementation of a project to restructure its organisational set up, the Khaleej Times reported. The proposal, which is linked to the Dubai Strategic Plan 2007-2015, was approved late last year by Shaikh Ahmed bin Saeed Al Maktoum, president of DCA and chairman of Emirates Group. The implementation of the restructuring project began late last year under an internal project team and will be completed over the next three months. Under the … [Read more...] about MIDDLE EAST: Dubai DCA starts restructuring

Qantas executives will reportedly receive a A$91 million pay-out, including $8 million for chief executive Geoff Dixon, on their last day of employment with the ¡°old¡± airline if the controversial $11.1 million Airline Partners Australia take-over goes ahead. The executives will cash into the new airline with cash and share incentives from the new private equity owners, including bonuses of up to 200 percent of their cash salaries; a stake in the new company of up to 4.5 percent; and a … [Read more...] about AUSTRALIA: Qantas take-over $91m for executives