The chief executive of airport operator Fraport said there was no indication in the air travel and air cargo industry to suggest a global economic slump was on its way. Wilhelm Bender said recently that he remained optimistic about growth despite the potential impact of inflation on consumers' ability to pay for trips, according to Reuters. "The trend in air transport is not signalling a downturn in the world economy. We are growing," Bender said. The oil price was the biggest worry for … [Read more...] about EUROPE: CEO sees air transport weathering downturn
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EUROPE: Fraport Cargo Services for AirBridgeCargo
AirBridgeCargo (ABC) has opted for Fraport subsidiary, Fraport Cargo Services (FCS), for the physical and document handling of the flights of the Russian airline starting August. "As the largest B747-operator at Frankfurt Airport we evaluated FCS as an ideal partner for our strategy which focuses on quality and growth," said Ludwig Hamburger, regional director Europe, Middle East & Africa (EMEA) of AirBridgeCargo. AirBridgeCargo's present schedule offers 16 flights per week ex-Frankfurt, … [Read more...] about EUROPE: Fraport Cargo Services for AirBridgeCargo
EUROPE: Davies Turner Air Cargo receives AEO certificate
Air freight forwarder, Davies Turner Air Cargo has been officially presented with its Authorised Economic Operator (AEO) certificate by British Revenue & Customs. The airfreight forwarder recently became one of the first AEOs in Europe. The AEO scheme is one of a series of measures being coordinated by the World Customs Organisation as part of a multilayered approach to facilitating trade and making supply chains more secure and controlled. In adopting the AEO regime, the EU is aligning with … [Read more...] about EUROPE: Davies Turner Air Cargo receives AEO certificate
EUROPE: IATA identifies new ‘ready for e-freight’ countries
IATA has identified 11 additional countries as "ready for e-freight," signaling a potential major expansion of trials that aim to demonstrate the feasibility of "paperless" air cargo. New nations are US, Luxembourg, France, Spain, Australia, New Zealand, UAE (Dubai), Switzerland, Iceland, Denmark and Norway. Current e-freight trials, in which a portion of airfreight on key trade lanes travels without much of the paper documentation usually accompanying cargo, are taking place at airports in … [Read more...] about EUROPE: IATA identifies new ‘ready for e-freight’ countries
EUROPE: Another set of cargo airlines pleads guilty
The ongoing anti-trust investigation into the air cargo industry has move to the next stage with Air France, Cathay Pacific Airways Ltd, KLM Royal Dutch Airlines, Martinair Holland N.V. and SAS Cargo Group A/S all pleading guilty and agreeing to pay criminal fines totaling US$504 million for participating in a multi-year conspiracy to fix prices for air cargo rates. Of the total fine, Air France-KLM has agreed to pay a US$350 million, Cathay will pay US$60 million, Martinair will pay a … [Read more...] about EUROPE: Another set of cargo airlines pleads guilty
AMERICAS: 787 powered on two weeks early
Boeing achieved full power-on for its first 787 two weeks ahead of schedule, a significant milestone as the company seeks to restore a reputation tarnished by a trio of delays to the aircraft's first flight. The power-on process started on June 12 and brings electrical power onto the airplane in stages. The complexity of that process is increased by the fact that on the 787 the pneumatic (bleed air) system is replaced totally by electronics. "The team has made great progress in bringing … [Read more...] about AMERICAS: 787 powered on two weeks early
