World Air Holdings -- parent company to World Airways and North American Airlines -- announced this week that it has entered into an agreement to be acquired by Global Aero Logistics (GAL) for US$315m in an all-cash transaction. MatlinPatterson Global Opportunities Partners II is the majority shareholder of Global Aero Logistics, which owns ATA Airlines. As a result of the transaction, Global Aero Logistics will operate all three independent airlines under one umbrella. Under the terms of … [Read more...] about AMERICA: Global Aero Logistics buys World
Equipment
RUSSIA:ABC expands domestic network
AirBridge Cargo (ABC) has announced the launch of regular freight services to Khabarovsk with Boeing 747-200F. Director of domestic air service of AirBridge Cargo, Anton Khodakovsky says: “AirBridge Cargo regards domestic airfreight service as a promising line of activity continuing to expand the route network in the Russian Federation. Thus, the new route will allow us to provide our clients with fast and safe delivery of both domestic and customs cargoes to Khabarovsk and key Far … [Read more...] about RUSSIA:ABC expands domestic network
Malaysia Airlines
Malaysia Airlines and TransaeroAirlines have launched a partnershipto develop Moscow Domodedovo-KualaLumpur service. Russia's Transaero willoperate the route with a 767-300 withMAS as a code-share partner. … [Read more...] about Malaysia Airlines
EUROPE: European Union plans AEO implementation
In the wake of the implementationof the Customs - Trade PartnershipAgainst Terrorism (C-TPAT) in the US,and in keeping with the World CustomsOrganisation's Framework of Standardsfor Security and Safety in the SupplyChain, the European Union (EU) hasintroduced the Authorised EconomicOperator (AEO) status. The AEO is part of the WCO's commitmentto secure international supplychains. The Bureau of Customs andBorder Protection (Customs, CBP) andthe European Commission (EC) haveagreed in principle … [Read more...] about EUROPE: European Union plans AEO implementation
Biggest beneficiaries of EU-US Open Skies are the US integrators
On the surface, the proposed Open Skies deal between the EuropeanUnion and the United States, which was approved unanimously by Europe'stransport ministers last month, looks like a tremendous agreement withimmediate benefits for almost all parties concerned. The pact, agreed after four years of talks, will allow any EU airline tofly from any city in the 27-nation bloc to any city in the United States andvice versa. The treaty will also facilitate EU airline consolidation by allowing … [Read more...] about Biggest beneficiaries of EU-US Open Skies are the US integrators
More networking at AFA2007 Conference
The format of the Air Freight Asia Conference, which was previously structured on two full days of five sessions each, has undergone some changes to give delegates more time for networking. "Based on feedback, which we received after the event in Shanghai last year, we felt that the original format of the conference, which included cocktail receptions and buffet dinners in the evening, was no longer appropriate," said Air Freight Asia organiser Nol van Fenema. … [Read more...] about More networking at AFA2007 Conference