Carriers

EUROPE & CIS: Aeroflot Cargo put under bankruptcy by parent

by Payload Asia

The Board of Directors of Aeroflot – Russian Airlines has accepted a proposal of the passenger carrier’s management to initiate bankruptcy procedures against Aeroflot-Cargo, according to Russian media reports. The decision was apparently based on the fact that Aeroflot Cargo, cut loose as a separate entity nearly two years ago has nearly five billion Russian rubles (€115 million) in outstanding debts to Aeroflot – Russian Airlines and given the unfavourable … [Read more...] about EUROPE & CIS: Aeroflot Cargo put under bankruptcy by parent

EUROPE & CIS: BA may ditch OpenSkies as transatlantic suffers

by Payload Asia

British Airways is considering ditching its OpenSkies subsidiary, which operates flights from Paris and Amsterdam to the US, as a direct result of the ongoing severe slump in the global economy and resultant slowdown in air travel. The BA subsidiary was named after the 2008 treaty, signed by the US and EU after years of negotiations, and was launched last summer. … [Read more...] about EUROPE & CIS: BA may ditch OpenSkies as transatlantic suffers

EUROPE & CIS: Blue Wings restarts Leipzig-Moscow service

by Payload Asia

Düsseldorf-based carrier, Blue Wings has relaunched its Leipzig/Halle-Moscow (Sheremetyevo airport) route, two times a week, using a leased A320 aircraft after the company’s operating license was revoked on 31 March this year and subsequently reinstated on 5 May. … [Read more...] about EUROPE & CIS: Blue Wings restarts Leipzig-Moscow service

EUROPE & CIS: Lufthansa proceeds with Belgian, BMI purchases

by Payload Asia

Lufthansa, Europe’s second biggest airline, has said it will proceed with takeovers of Belgian and UK carriers by early next month after settling antitrust issue and transaction terms. Lufthansa aims to complete the purchase of 45 per cent of Brussels Airlines in June, and is sticking to plans for complete control by 2011, following European Union approval after the carriers agreed to scale back services on three German routes serving Brussels as well as Brussels-Zurich flights to … [Read more...] about EUROPE & CIS: Lufthansa proceeds with Belgian, BMI purchases

EUROPE & CIS: Air France, KLM admit to price fixing in Canada

by Payload Asia

Air France and KLM again face potential multimillion-dollar fines after admitting they both participated in a conspiracy to set surcharges on cargo flown out of Canada. In documents filed in the Federal Court of Canada recently, the airlines admitted they breached competition rules by conspiring with other airlines to apply fuel and other surcharges on cargo shipments between 2002 and 2006. Also filed in court was a third statement by KLM subsidiary Martinair Holland N.V., containing similar … [Read more...] about EUROPE & CIS: Air France, KLM admit to price fixing in Canada