Air Deccan founder GR Gopinath is replicating his low-fare model in his new express logistics venture. Taking rival Blue Dart head on, Gopinath has kept tariffs 10-15 per cent lower than the market leader. “We are selling our product on expansion network, besides distributing cargo at 10-15 per cent cheaper compared with rivals,†Mr Gopinath, who has started his express logistics venture Deccan 360, told the Economic Times. Deccan 360 is currently operating with a fleet of seven … [Read more...] about Gopinath initiates price war in India
Carriers
NYK/JAL negotiations end, JAL may exit cargo
Nippon Yusen Kabushiki Kaisha (NYK) and Japan Airlines International (JAL) have officially ended negotiations around a possible merger of the cargo businesses of JAL and NYK's subsidiary, Nippon Cargo Airlines (NCA). The negotiations involved the restructuring and the feasibility of a potential merger of the cargo business of JAL and NCA. Both parties said they have reached an amicable conclusion to end the negotiations because the structure of the merger could not be organised within the scope … [Read more...] about NYK/JAL negotiations end, JAL may exit cargo
Transaero launches Moscow-Beijing service
Transaero Airlines will launch regular twice-weekly flights from Moscow, Domodedovo International Airport to Beijing from 4 June. Flight operations between the Russian and Chinese capitals will utilise Boeing 747-400 aircraft. Transaero has operated regular flights to Hainan’s capital, Sanya since 2005. … [Read more...] about Transaero launches Moscow-Beijing service
Lufthansa reports 2009 net loss of US$151 million
Lufthansa has reported a net loss of US$151 million in 2009, but said it achieved its goal of an operating profit. The loss, which followed a $732 million profit in 2008, was largely the result of sharply lower cargo volumes and a decline in higher paying premium passengers. Operating profit plunged 90 per cent to a better-than-expected $175.5 million from $1.76 billion a year ago on revenue down 10 per cent at $30.1 billion. Lufthansa is currently in negotiations with the pilots' trade union … [Read more...] about Lufthansa reports 2009 net loss of US$151 million
Cathay and Air China ink air cargo JV
Cathay Pacific Airways and Air China have set up an air-cargo joint venture in China, according to a joint statement by the carriers on Thursday, finalising an agreement after discussions lasting nearly four years. The joint venture will be 51 per cent owned by Air China and make use of the mainland Chinese carrier's existing air-cargo unit, Air China Cargo, as a platform. Cathay will have a 25 per cent equity stake and an indirect 24 per cent stake through an offshore trust. The agreement will … [Read more...] about Cathay and Air China ink air cargo JV
Lufthansa and Austrian to merge cargo units
Lufthansa Cargo and Austrian Airlines have agreed to step up cooperation between their two companies in the airfreight sector with a new agreement, that will see their global distribution activities merged and their product portfolios and production processes harmonized. Sales and production to be integrated with effect from 1 July 2010. In future, the two companies will jointly route their cargo traffic through the Vienna hub and boost freight flows. Lufthansa Cargo and Austrian Cargo will also … [Read more...] about Lufthansa and Austrian to merge cargo units