Russian cargo group Volga-Dnepr is planning to buy Frankfurt Hahnbased carrier Air Cargo Germany with German antitrust authorities now evaluating a request that was submitted by Amsterdam-based Volga-Dnepr Logistics on 1 March. ACG operates four B747-400Fs on routes including China, Africa, India and the United Arab Emirates. … [Read more...] about Volga-Dnepr makes move on Air Cargo Germany
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More carriers likely to go bust: Emirates
Emirates president Tim Clark has said more international carriers will go bankrupt this year as fuel costs and sluggish economies undermine profitability. “We can reel off a whole load of airlines that are teetering on the brink or are really gone,” Clark said in an interview with Bloomberg. “Roll this forward to Christmas, another eight or nine months, and we’re going to see this industry in serious trouble.” Airline profits will plunge 62 per cent in 2012 to … [Read more...] about More carriers likely to go bust: Emirates
Qatar expands Africa service to Rwanda
Qatar Airways has further expanded operations in Africa with the launch of its 17th destination on the continent with the start of daily scheduled A320 flights to Rwanda’s capital city of Kigali from late last month. Qatar Airways CEO Akbar Al Baker said the new Kigali service fitted the carrier’s focus on operating to underserved markets worldwide. “The direct daily air link between my home city of Doha and Kigali is further testament to Qatar Airways’ … [Read more...] about Qatar expands Africa service to Rwanda
Emirates opens first Middle East-US NW route
The first direct connection between the Middle East and the US northwest has taken off with the launch of daily Emirates flights between Dubai International Airport and Seattle- Tacoma International Airport using a B777-300ER equipment. The airline now operates B777 services to each of its six US destinations: New York JFK, Los Angeles, San Francisco, Houston, Dallas-Fort Worth and Seattle. “This new service is the latest step in Emirates’ strategic programme of expansion … [Read more...] about Emirates opens first Middle East-US NW route
Kingfisher to submit recovery plan
Financially troubled Kingfisher Airlines Ltd is due to submit a recovery plan to the aviation regulator by end-March so it can continue flying, according to a Livemint.com report. This plan reportedly entails a further cutting of international operations, pulling out of all loss-making routes, renegotiating high-cost aircraft lease rentals, tapping foreign loans for working capital and getting back its US$40 million deposit from the International Air Transport Association (IATA). … [Read more...] about Kingfisher to submit recovery plan
India to be third largest aviation market by 2029
India is set to emerge as the third largest aviation market by 2029, Rafael Echevarne, director of Economics and Programme Development, Airports Council International (ACI) said recently. Echevarne highlighted the growth trajectory of aviation in India during the last five years in which the country improved its rank from 101st in 2007 to 12th in 2010 in terms of airport maintenance, traffic handling and passenger facilities. In order to sustain this, India would require putting in place a … [Read more...] about India to be third largest aviation market by 2029
