Government-owned Oman Air has appointed Paul Gregorowitsch as its new chief executive officer replacing Wayne Pearce, who left the company after serving more than two years as the CEO. Prior to joining Oman Air, Gregorowitsch was a management board member at Air Berlin and was tasked with the responsibility of overseeing the German carrier’s commercial activities. He has also held senior positions at Amsterdam-based airline Martinair Holland NV and Air France-KLM. The company said that … [Read more...] about Oman Air appoints former Air Berlin exec as new CEO
Courier & Mail
Integrator growth offsets maindeck plummet at Brussels
Cargo volumes carried from Brussels Airport stabilised in the month of July, down slightly by 0.8 per cent year-on-year to 36,883 tonnes with belly cargo seeing a 7.4 per cent increases to 11,882 tonnes, confirming what the airport said was the positive trend started at the end of last year. Full-freighter cargo, however, remains under pressure worldwide the airport said, as main deck volumes plummeted 38.6 per cent to 8,268 tonnes. But it also noted this was compensated for by the … [Read more...] about Integrator growth offsets maindeck plummet at Brussels
Malaysia Airlines to delist for “complete overhaul”
Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned by delisting it from the country's stock exchange in order to undertake a major overhaul of the beleaguered carrier. Currently estimated to be bleeding $2 million a day after two major disasters – the disappearance of MH370 and the shoot down of MH17 – this year added to its longstanding financial problems. Malaysia Airlines hasn’t been profitable for the past three … [Read more...] about Malaysia Airlines to delist for “complete overhaul”
Malaysia Airlines to delist for “complete overhaul”
Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned by delisting it from the country's stock exchange in order to undertake a major overhaul of the beleaguered carrier. Currently estimated to be bleeding $2 million a day after two major disasters – the disappearance of MH370 and the shoot down of MH17 – this year added to its longstanding financial problems. Malaysia Airlines hasn’t been profitable for the past three … [Read more...] about Malaysia Airlines to delist for “complete overhaul”
PIA optimistic of resuming cargo ops to EU
Pakistan International Airlines (PIA) is hoping to receive its ACC3 (Air Cargo or Mail Carrier operating into the Union from a Third Country) validation that will allow it to resume cargo service to Europe, which was suspended on 28 July. The national carrier says it is confident about getting the mandatory clearance as it has spent months putting in place relevant systems and procedures to comply with the new European Union conditions that came into effect officially on 1 July. … [Read more...] about PIA optimistic of resuming cargo ops to EU
DP-DHL sustains profit growth on mixed results
Deutsche Post–DHL (DP-DHL) turned in a set of mixed results for the second quarter with continued prosperity in the time-definite segment of its business, while others such as its freight forwarding business suffered margin pressure. The top-line numbers for the group saw only slight movement with revenue up 0.7 per cent year-on-year at €13.7 billion and EBIT (Earnings Before Interest and Tax) up 5.7 per cent year-on-year from €619 million in 2013 to €654 million this … [Read more...] about DP-DHL sustains profit growth on mixed results
