Scandinavian Airlines (SAS) has entered into a slot transaction with Turkish Airlines that will take over one afternoon slot-pair at London Heathrow from SAS at the beginning of the winter traffic programme on 25 October 2015. The transaction will generate a positive earnings impact of MUSD 22 for SAS to be accounted for during the second quarter with a corresponding cash effect during calendar year 2015. As part of creating balance between frequencies and capacity during the day and … [Read more...] about SAS sells another slot pair at Heathrow
Freight Forwarders
Turkish Airlines orders four additional A330-200 freighters
Turkish Airlines has signed a firm order for the purchase of four A330-200F freighter aircraft. Operated by Turkish Cargo, the additional aircraft will help to further boost the company’s expansion in the cargo market. Turkish Airlines already operates five A330-200F, and the additional order will enable them to quickly meet the growing cargo market demand. “The A330-200F freighter aircraft have demonstrated outstanding operational reliability and performance for our cargo transport … [Read more...] about Turkish Airlines orders four additional A330-200 freighters
New collaboration to promote e-freight in Shanghai
The International Air Transport Association (IATA), Shanghai Customs, Shanghai Entry-Exit Inspection and Quarantine Bureau, Shanghai Airport Authority, China Eastern Airlines, and Shanghai E-port have signed a Letter of Initiative (LOI) to jointly promote e-Freight in Shanghai. Under the terms of the LOI, the six organisations will cooperate to: Improve efficiency and reduce costs in existing processes by phasing out the need for a security check stamp on paper air waybills … [Read more...] about New collaboration to promote e-freight in Shanghai
Jettainer develops lightweight composite ULD
Jettainer is developing an innovative lightweight pallet that weighs just 70 kilogrammes. Compared to a traditional PMC aluminium pallet, the new lightweight version developed by Jettainer is a full 32 kilos lighter. It is made of a composite material that is being used in the aviation sector for the very first time. The weight savings of more than 30 per cent make it possible to significantly reduce the fuel consumption of aircraft. In the past, manufacturers only managed to make … [Read more...] about Jettainer develops lightweight composite ULD
IATA sets out three priorities for air cargo
The International Air Transport Association (IATA) called for further action on three vital aspects of the air cargo business: transitioning to paperless freight processes, a focus on global handling standards for pharmaceutical freight, and tough action to ensure the continued safe transportation of lithium batteries by air. “Air cargo has had a challenging few years. 2014 saw the first significant boost in volumes since 2010, a trend we expect to continue this year. Revenues, … [Read more...] about IATA sets out three priorities for air cargo
Virgin Atlantic Cargo reports revenue growth
Virgin Atlantic Cargo has reported revenues of £221 million (US$326 million) for 2014, reflecting another year of resilience in a fluctuating global air cargo market that saw yields decline for the third year in a row. The UK and Europe contributed strong revenue and tonnage gains for the year. UK revenues grew 6 per cent over 2013, while Europe recorded 5 per cent growth. Overall, Virgin Atlantic carried 224,139 tonnes for the year as a whole, matching its result for last year despite … [Read more...] about Virgin Atlantic Cargo reports revenue growth
