Malaysia Airlines (MAS) has been served with a complaint by a US court over allegations of price fixing on US cargo shipments. MAS said its offices in the US were served with the complaint, which was filed by Benchmark Export Services and six other plaintiffs against MAS and 11 other defendants. "The case involves allegations of price fixing on airfreight shipping services and related surcharges," it said, adding it was seeking legal advice in relation to the complaint … [Read more...] about MASkargo hit by price fixing complaint in US
Carriers
Cathay beefs up Miami service
Cathay Pacific is set to add a fourth weekly cargo service to Miami as Asian exports to the US continue to recover. In its first year serving the destination, Cathay carried 13 859 tonnes of cargo into Miami, part of the US$3.5 billion worth of goods shipped from China to Miami last year, according to US trade statistics. … [Read more...] about Cathay beefs up Miami service
Air India cuts freighter pilots
Air India - which is phasing out Boeing B747-400s and Airbus A310 freighters - has terminated the service contracts of 30 of its pilots who fly the freighters with more cuts expected at the loss-making carrier. Air India currently has six B747-400s and two A310 freighters and recently leased out two other A310 freighters to the Delhi-based cargo upstart, Aryan Cargo. … [Read more...] about Air India cuts freighter pilots
US tightens noose on ‘Merchant of Death’
US prosecutors filed new charges this week in their global pursuit of the suspected Russian arms dealer, Viktor Bout, dubbed the ‘Merchant of Death’. The updated indictment charges that Bout and his former business associate, Richard Chichakli – a Syrian-born American last reported to be living in Moscow - conspired to violate United Nations sanctions aimed at stopping bloody fighting in Africa by using a series of shell companies to try to purchase two planes from US … [Read more...] about US tightens noose on ‘Merchant of Death’
5 US carriers salivating over Haneda slots
Five US carriers including the country’s four largest have applied for coveted slots at Tokyo's downtown Haneda airport, two months after a landmark agreement was reached between the US and Japan to relax restrictions on flights between the two countries. Among the carriers seeking slots are: Delta Air Lines, American Airlines, United Airlines, Continental Airlines and Hawaiian Airlines. Delta and United are the two biggest US carriers serving Japan. … [Read more...] about 5 US carriers salivating over Haneda slots
JAL succumbs to bankruptcy
The axe has finally fallen at Japan Airlines (JAL) with the beleagured carrier filing for court-protected bankruptcy and turning to Japan’s state-owned Enterprise Turnaround Initiative Corporation (ETIC) for restructuring support. In one of Japan's biggest corporate failures, JAL applied for protection from creditors under the Corporate Rehabilitation Law — Japan's version of the US' Chapter 11 — with the Tokyo District Court. ETIC has confirmed that it will … [Read more...] about JAL succumbs to bankruptcy