Air France Cargo and KLM Cargo have announced the integration of their commercial activities in the US, effective 1 October as a result of US regulators lifting anti-trust restrictions that had previously prevented such an integration. This integration will result in integrated commercial teams under a joint management coordinated with Delta Cargo within the Air France-KLM-Delta financial joint venture on North Atlantic routes. … [Read more...] about US anti-trust restrictions lifted for AF-KLM
Carriers
Lufthansa Cargo gets TSA security approval
Lufthansa Cargo has been given us Transportation Safety Administration (TSA) approval for new security technologies aimed at enhance the screening of air cargo transported by Lufthansa. Over the last 18 months, Lufthansa Cargo and the TSA have been working towards the development of new technologies, the carrier said. "Although the technology and protocols are considered sensitive security information, and are not available for public release, this development has allowed the air cargo industry … [Read more...] about Lufthansa Cargo gets TSA security approval
First quarterly loss in six years for SIA
Singapore Airlines has posted its first quarterly loss since 2003, with a S$307.1 million (US$212.6 million) loss that compared to a S$358.6 million profit in the fiscal first quarter of 2008-09. The global economic downturn, swine flu and unfavorable fuel hedges dragged the carrier into the red. Group revenue during the quarter ended June 30 dropped 30.5 per cent to S$2.87 billion while expenses were reduced 15.8 per cent to S$3.19 billion. A S$287 million loss on fuel hedges partially offset … [Read more...] about First quarterly loss in six years for SIA
UPS signs Shenzhen Customs agreement for new China hub
UPS and the Shenzhen Customs authority signed a memorandum of understanding (MOU) today to seal the terms of their partnership at the soon-to-be-completed UPS intra-Asia hub, located at China's Shenzhen International Airport. “We believe the new hub will greatly boost export developments in the Pearl River Delta region and increase the total volume of freight transportation and employment level,†said Shi Fushen, Deputy Director General, Shenzhen Customs Provincial HQ. … [Read more...] about UPS signs Shenzhen Customs agreement for new China hub
Air France-KLM posts €431 million Q1 loss
Air France-KLM Group, Europe’s biggest airline, posted a first-quarter loss as the recession continued to take its toll on passenger traffic and cargo handling. The net loss was €431 million compared with net income of €132 million a year earlier. Air- freight sales dropped 42 per cent to €544 million while sales at the passenger business fell 19 per cent from a year earlier to €4.01 billion. “Global economic activity has stabilised at unprecedented low … [Read more...] about Air France-KLM posts €431 million Q1 loss
Jade expands partnership with Air Logistics Group
Jade Cargo International and Air Logistics Group have entered into agreement to further expand their partnership in which Air Logistics will assume the role of General Sales and Service Agent for Jade Cargo in India and the Middle East effective August 2009. “The professional efforts of Air Logistics Group will serve as the basis for our expanded sales presence in India and the Middle East,†commented Kay Kratky, CEO of Jade Cargo International. “During the past months our … [Read more...] about Jade expands partnership with Air Logistics Group
