Alexis von Hoensbroech has been appointed new board member products & sales of Lufthansa Cargo. This means the supervisory board of the cargo airline has opted for an internal Lufthansa candidate to succeed Andreas Otto. Von Hoensbroech is currently "head of commercial Frankfurt" for Lufthansa Passage and responsible for network management, revenue management and commercial business management at the airline's biggest hub. The 44-year-old manager will take on his new position as of 1 … [Read more...] about LH Cargo appoints new board member
Express
IATA: Air freight to grow 4.1% annually
The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a CAGR of 4.1 per cent over the next five years. Emerging economies, particularly in the Middle East and Africa, will be the fastest-growing markets. “Air cargo remains as vital to the global economic system as ever. This year, more than US$6.8 trillion worth of goods, equivalent to 35 per cent of total world trade by value, will be … [Read more...] about IATA: Air freight to grow 4.1% annually
IAG upgrades Heathrow freight handling facility
IAG Cargo has completed a number of significant infrastructure upgrades to Premia, its London Heathrow-based premium freight handling facility. According to IAG, customers using relevant their cargo premium products, including Constant Climate and Prioritise, will benefit from an even higher standard of customer service, helping to ensure that shipments get to their markets on time and in perfect condition. Some of the key enhancements include over 50 per cent improvement in loose handling … [Read more...] about IAG upgrades Heathrow freight handling facility
Asiana to pay $55M in freight case
South Korean Asiana Airlines will pay US$55 million to purchasers of freight shipping services to resolve claims of price-fixing. The airline is one of more than two dozen worldwide that faced allegations of conspiring to inflate shipping prices in the case in federal court in Brooklyn, New York. Settlements have been reached with 22 airlines so far totalling US$903 million, lawyers for the plaintiffs said. … [Read more...] about Asiana to pay $55M in freight case
Xiamen Airlines to acquire Hebei Airlines
China Southern Airlines has approved Xiamen Airlines' acquisition of a 95.4 per cent equity interest in Hebei Airlines for CNY680million (US$106.3 million). China Southern said its subsidiary had also been given the greenlight to acquire Sichuan Airlines' 3.83 per cent stake in Hebei for CNY69 million giving it control of 99.23 per cent of Hebei's total stock. Xiamen Air will inject US$130.3 million into Hebei over the next three years and will also offer it a short-term loan valued up to … [Read more...] about Xiamen Airlines to acquire Hebei Airlines
IndiGo signs MoU for 250 A320neo aircraft
IndiGo and its co-founders, Rakesh Gangwal and Rahul Bhatia, group managing director of InterGlobe, have signed an MoU for 250 A320neo Family aircraft. The agreement will become Airbus’ single largest order by number of aircraft. Aditya Ghosh, president of IndiGo said, “This new order reaffirms IndiGo’s commitment to the long-term development of affordable air transportation in India and overseas. The IndiGo team is energised and excited to herald this new phase of our … [Read more...] about IndiGo signs MoU for 250 A320neo aircraft
