Air China Ltd has reported profits of CNY 981 million (US$143.7 million) in the first quarter of 2009, after incurring a loss of CNY 9.15 billion, including CNY 7.47 billion from fuel hedging losses, in the full year 2008. After the third quarter 2008 plunge in the global air market, Air China slashed its capacity on European and US routes by more than 40 per cent, focusing instead on domestic routes. China National Aviation Holding Company (CNAHC), parent company of Air China, is also … [Read more...] about Air China profits and may sell-off China East stake
Carriers
CentrAfrique Air Express B737 freighter crashes
News services are reporting that a Boeing 737 cargo aircraft has crashed and burned early this morning near Kinshasa, the capital of the Democratic Republic of Congo. Reports indicate the twin-jet, possibly belonging to CentrAfrique Air Express, took off from Brazzaville in the Congo and was headed for an interim stop in Nairobi en route to Harare, Zimbabwe. The flight originated in the Central African Republic city of Bangui. … [Read more...] about CentrAfrique Air Express B737 freighter crashes
DHL ups capacity on its Asia Air Network
Robust intra-Asian volumes have led DHL to increase capacity between Hong Kong and Singapore, which it serves through Air Hong Kong, a joint venture between Cathay Pacific and DHL. A 110 tonne capacity Boeing 747-400F will replace the current 45 tonne capacity A300-600F, and will operate between both cities six days a week, more than doubling capacity on the SIN-HKG route, a vital link for Intra-Asia trade, DHL said. “The Boeing 747-400F service will link DHL’s Central Asia Hub … [Read more...] about DHL ups capacity on its Asia Air Network
DHL ups capacity on its Asia Air Network
Robust intra-Asian volumes have led DHL to increase capacity between Hong Kong and Singapore, which it serves through Air Hong Kong, a joint venture between Cathay Pacific and DHL. A 110 tonne capacity Boeing 747-400F will replace the current 45 tonne capcity A300-600F, and will operate between both cities six days a week, more than doubling capacity on the SIN-HKG route, a vital link for Intra-Asia trade, DHL said. “The Boeing 747-400F service will link DHL’s Central Asia Hub … [Read more...] about DHL ups capacity on its Asia Air Network
Cargo drop stabilised but Swine flu new threat
A stabilisation of global inventory levels has helped stabilise air freight demand and halted the freefall according to the International Air Transport Association (IATA) as it warned that concerns over a swine flu pandemic could have a significant impact on air traffic. IATA's latest statistics show that air cargo demand has "moved sideways" in the -21 to -24 per cent range since its plunge from -7.9 to -23.2 per cent between October last year and January 2009. Freight demand in March was … [Read more...] about Cargo drop stabilised but Swine flu new threat
Air India restructures and replaces MD as losses soar
The Indian government has suggested sharp cutbacks in routes, changes in aircraft deployment and flight timings to reduce losses in National Aviation Company of India Ltd (Nacil) — the state-owned company that runs Air India. Apart from several domestic routes, operations on routes like London and Southeast Asia also need to be restructured, it said adding that it will make Frankfurt its operational hub. Nacil also announced that Ministry of Civil Aviation Joint Secretary and … [Read more...] about Air India restructures and replaces MD as losses soar