Atlas Air Worldwide, parent of Atlas Air and Polar Air Cargo, said it will retire seven of its 14 747-200s. "The current pronounced downturn in global airfreight demand has caused us to accelerate our plans to retire a portion of our older 747-200 assets," president and CEO William Flynn said. AAWW expects to report full-year 2008 pre-tax operating income of US$55-$60 million when it releases its earnings on 24 February. … [Read more...] about Atlas/Polar retire seven B747 classics early
Carriers
Aeroflot interested in Czech Air
Aeroflot confirmed its interest in purchasing a stake in CSA Czech Airlines following the Czech government's 5 February tender launch. It intends to sell 91.5 per cent of the national carrier in a two-round tender, but Aeroflot can only acquire a maximum of 49 per cent of the carrier because of European regulations … [Read more...] about Aeroflot interested in Czech Air
Air France joins SIA, MAS withdrawl from Chennai
Chennai is seeing a contraction of services as Air France has advised the Airports Authority of India (AAI) that it would be withdrawing its three-times weekly service out of Chennai from end-March, joining Singapore Airlines and Malaysian Airlines who have already cut their daily services to Chennai. … [Read more...] about Air France joins SIA, MAS withdrawl from Chennai
US air cargo plummets 17 per cent
A collapse in trans-Pacific trade pushed cargo traffic for US airlines down 17 per cent in December representing the worst year for US air cargo carriers since 2001. Overall traffic for the airlines declined 3.2 per cent in 2008, according to the Air Transport Association (ATA), including a 5.5 per cent drop in domestic business and a 1.2 per cent in internationally. The drop last year reached its height in December with a 29.5 per cent decline in December cargo volumes, year-on-year. Despite a … [Read more...] about US air cargo plummets 17 per cent
Cargolux goes Italian
Cargolux Airlines International S.A. has entered into a strategic partnership in Italy to create Cargolux Italia for intercontinental all-cargo services from Milan's Malpensa airport. Cargolux Italia has applied for a business license and certification with ENAC, the Italian civil aviation authority, in December 2008. It aims to become a fully certified Italian all-cargo carrier. Start of operations is planned as soon as ENAC grants the required permits with the launch date expected in April … [Read more...] about Cargolux goes Italian
NTSB confirms bird remains in US Airways’ engines
The US National Transportation Safety Board, continuing its investigation into the cause of the 15 January ditching of a US Airways A320 into the Hudson River in New York City, said the left engine was found to contain bird remains. The right engine was earlier judged to contain organic material confirmed as bird remains. … [Read more...] about NTSB confirms bird remains in US Airways’ engines
