Demand for both international air travel and air freight accelerated in March with the rebound on the back of economic recovery exceeding expectations, the International Air Transport Association (IATA) said this week. IATA said the air traffic recovery would dip in April because of the disruption from the Icelandic volcanic eruption, which hit European carriers in particular, and added that passenger and freight markets are still one per cent below early 2008 highs and the industry has lost two … [Read more...] about Demand growing faster than expected
Courier & Mail
EU warns against “lavishing” emergency aid
The European Union has warned governments against lavishing emergency aid on airlines to make up for losses from disruptions in operations caused by the eruption of a volcano in Iceland. But it proposed other measures to help them recover from the weeklong shutdown of air travel. The European Commission’s own estimate of losses ranged from €1.5 billion to €2.5 billion, taking into account losses by airlines, airports and tour operators, said Siim Kallas, the EU transport … [Read more...] about EU warns against “lavishing” emergency aid
EU warns against "lavishing" emergency aid
The European Union has warned governments against lavishing emergency aid on airlines to make up for losses from disruptions in operations caused by the eruption of a volcano in Iceland. But it proposed other measures to help them recover from the weeklong shutdown of air travel. The European Commission’s own estimate of losses ranged from €1.5 billion to €2.5 billion, taking into account losses by airlines, airports and tour operators, said Siim Kallas, the EU transport … [Read more...] about EU warns against "lavishing" emergency aid
TNT and Con-way expand US-Europe offering
TNT and Con-way Freight have announced a new export service as an expansion of their existing relationship. The intercontinental, accelerated service will feature a day-definite, road/air/road US to Europe solution for heavier freight shipments. The two companies launched the intercontinental import service as part of their commercial alliance back inApril 2009. Con-way Freight will manage the pickup of US shipments, followed by consolidation and loading to direct air cargo service from New … [Read more...] about TNT and Con-way expand US-Europe offering
UPS to layoff 300 pilots by 2011
US-based express company, UPS is laying off some 300 pilots world-wide between now and 2011, the company announced recently. UPS said it has more pilots than it needs to operate its airline fleet, which is flying fewer flights than it did three years ago due to the global economic recession. The company said it is also flying fewer aircraft. Company spokesman Michael Mangeot said: “We have about 2,800 pilots and we only need 2,500,†he said. Express sector boots FedEx profit … [Read more...] about UPS to layoff 300 pilots by 2011
TNT pushes road service further into Russia
TNT Express has expanded its international Economy Express freight service in Russia with a new road connection to Yekaterinburg, the largest city in the Urals with a population of 1.3 million. Located 1,667 km east of Moscow, Yekaterinburg is the easternmost point of TNT’s European Road Network, which also connects Moscow, St Petersburg, Nizhniy Novgorod and 39 European countries. The service extension is geared towards importers and exporters requiring a daydefinite … [Read more...] about TNT pushes road service further into Russia