Australia's federal court has dismissed a case against Singapore Airlines Cargo brought by the Australian Competition and Consumer Commission (ACCC). The ACCC has alleged that SIA Cargo was involved in illegal price-fixing over the carriage of air cargo, an investigation that is simultaneously being carried out by competition authorities around the globe, primarily in the US and Europe. Federal Court judge Peter Jacobson ruled that the ACCC had failed to properly specify material facts to … [Read more...] about Singapore Airlines Cargo off the hook, for now
Carriers
Hainan Air to get $440 million bailout
Hainan Airlines is set to get a capital injection of US$440 million from its parent company and the Hainan provincial government by selling them new shares, according to Dow Jones. Hainan Airlines' debt-to-asset ratio will fall to around 81 per cent after the injection, an un-named source was quoted as saying. The carrier had a debt-to-asset ratio of 87 per cent at the end of March. The airline joins other Chinese carriers, including China Eastern Airlines, China Southern Airlines and Shanghai … [Read more...] about Hainan Air to get $440 million bailout
IATA reiterates carbon neutral growth goal
IATA director-general Giovanni Bisignani has called on governments to deliver a "global and sectoral" approach to reducing aviation emissions in the so-called Kyoto 2 package scheduled for discussion this December. “Air transport is a global industry with a good track record and ambitious targets for environmental performance. But to achieve them, we need governments to take a global approach,†Bisignani said. Bisignani called on governments to define a sectoral approach in Kyoto 2 … [Read more...] about IATA reiterates carbon neutral growth goal
Airlines concerned over oil price rise
The 25 per cent rise in oil prices over the past month has sent shivers through the airline industry as it struggles to cope with the ongoing depressed cargo and passenger traffic. The CEOs of both AMR, parent of American Airlines and Southwest Airlines said market fundamentals – including a glut of crude oil on the world market – don't support prices as high as US$62 a barrel, a six-month high. But both American's Gerard Arpey and Southwest's Gary Kelly separately … [Read more...] about Airlines concerned over oil price rise
HNA and Global Putra join forces in Indonesia
China's HNA Group, parent of Hainan Airlines and Indonesia's PT Global Putra International will jointly invest in aviation, airport management, and hotel projects in Indonesia, Dow Jones reported. As a first step, HNA Group's Hainan Airlines will serve the Beijing-Jakarta and Shanghai-Jakarta routes, as well as the Beijing-Bali, Shanghai-Bali, Beijing-Yogyakarta and Shanghai-Yogyakarta routes. … [Read more...] about HNA and Global Putra join forces in Indonesia
Korean Air suspends Tel Aviv services
Korean Air Cargo has announced a temporary suspension of its Incheon – Tel Aviv cargo flights until 23 October, citing the current downturn in the market which made the route commercially unviable at the present time. The carrier had been operating five weekly flights between Seoul and Tel Aviv using a combination of three combi flights and two dedicated cargo flights. … [Read more...] about Korean Air suspends Tel Aviv services