The International Air Transport Association (IATA) released June figures showing a 1.2 per cent year-on-year expansion in global air freight demand. Although weak, this is a clear improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements … [Read more...] about IATA’s June figures offer hope with 1.2% expansion
MRO Conversions & Manufacturers
IATA's June figures offer hope with 1.2% expansion
The International Air Transport Association (IATA) released June figures showing a 1.2 per cent year-on-year expansion in global air freight demand. Although weak, this is a clear improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements … [Read more...] about IATA's June figures offer hope with 1.2% expansion
ST Aero adds 15-pallet B757-200 conversion
ST Aerospace has announced it will launch the development of a new 15-pallet cargo configuration for its B757-200 freighter conversion programme which will incorporate winglets on the aircraft. Including this new configuration, ST Aerospace now offers a full suite of B757 freighter conversions, including: 8-pallet cargo-passenger combination configuration with a class E forward cargo compartment; 14.5-pallet cargo configuration with rigid barrier; and a 15-pallet cargo configuration with rigid … [Read more...] about ST Aero adds 15-pallet B757-200 conversion
Clear pointers, direction and targets: GACAG chief
The Global Air Cargo Advisory Group (GACAG) must build on its achievements of the last two years and provide "clear pointers, direction and targets," said its new chairman, Oliver Evans. “GACAG is very much a collaborative effort and therefore each member carries equal responsibility and weight. It is a great honour for each of us to have the responsibility to speak on behalf of the entire air cargo industry, thanks to our efforts to form such a powerful coalition. We have achieved much in … [Read more...] about Clear pointers, direction and targets: GACAG chief
Cargo demand continues to recover: IATA
The International Air Transport Association (IATA) announced international scheduled traffic statistics for June which showed continued strong demand growth as the industry recovers from the impact of the global financial crisis. Compared to June 2009, international scheduled freight traffic showed a healthy 26.5 per cent improvement while international passenger demand was up 11.9 per cent. International freight demand growth was down from the 34 per cent recorded in May 2010. May was … [Read more...] about Cargo demand continues to recover: IATA
ST Aero forms MRO JV in Guangzhou
ST Aerospace announced that it has concluded joint venture (JV) discussions with Guangdong Airport Management Corporation (GAMC) to set up a commercial aircraft heavy maintenance facility in Guangzhou, China. The JV company, ST Aerospace (Guangzhou) Aviation Services Company Ltd, will have a total investment of US$99 million. ST Aerospace will own a 49 per cent stake of the JV company, while GAMC will own 51 per cent of the company. The facility is expected to begin operations in roughly two … [Read more...] about ST Aero forms MRO JV in Guangzhou
