Flights restrictions may remain “for a number of days†as an erupting Icelandic volcano continues to spew a plume of volcanic ash 11 km into the sky, wreaking havoc on European airspace. The European Aviation Safety Agency (EASA) said the disruption could last another two days and a leading volcano expert said the ash could present intermittent problems to air traffic for 6 months if the eruption continued. Some 11,000 flights were expected to take place in European airspace on … [Read more...] about Iceland volcano wreaks havoc on Euro flights
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Korean Air hits Q1 sales and profit records
Korean Air said its first quarter sales and operating profits were the highest ever, based on an increase in demand for travel and a strong won. The carrier’s first quarter sales were 2.6 trillion won (US$2.3 billion), up 14.8 per cent from the first quarter of last year, when it achieved its previous record of 2.3 trillion won. Operating profit also rose to 220.2 billion won in the first quarter, up 45.4 per cent from the previous record of 151.4 billion won, which was recorded in … [Read more...] about Korean Air hits Q1 sales and profit records
Airbus A330-200F gains type certification
Airbus' new A330-200 Freighter, which has a payload of 70 tonnes – one tonne greater than first expected – has been granted Type Certification by the European Aviation Safety Agency (EASA), following a successful 200-hour flight-test campaign. According to Airbus, more than 3,400 freighters will be needed in the next 20 years to cater for a 5.2 per cent average annual growth rate. These will include around 1,600 mid-sized freighters, of which the A330-200F will play an … [Read more...] about Airbus A330-200F gains type certification
SATS and Air India form JV for handling
Singapore Airport Terminal Services (SATS) and Air India today signed an agreement to form a single 50:50 joint venture (JV) company that will serve as the vehicle to house their three existing ground and cargo handling JVs in Bangalore and Hyderabad. To be named Air India SATS Airport Services Private Limited (AISATS), the JV company is in the process of being incorporated in New Delhi. In September 2008, SATS was chosen by Air India as its JV partner for ground handling in India. Prior to … [Read more...] about SATS and Air India form JV for handling
MAS faces Australian price fixing charges
The Australian Competition and Consumer Commission (ACCC) has instituted proceedings in the Federal Court against Malaysia Airlines and its wholly-owned cargo subsidiary MASkargo. Malaysia Airlines is the 13th carrier to be investigated in ACCC proceedings for alleged price fixing in the air cargo industry. The ACCC alleges that between 2001 and 2006, the carrier and its cargo arm entered into arrangements or understandings with other international cargo airlines that had the purpose or effect … [Read more...] about MAS faces Australian price fixing charges
ANA boss complains about government support for JAL
ANA President and CEO Shinichiro Ito questioned whether public aid for bankrupt Japan Airlines distorts Japan's competitive environment. Testifying before a government committee, Ito said JAL's turnaround program is progressing "haphazardly," according to a Nikkei report. JAL is receiving around Â¥900 billion (US$9.6 billion) in government support to ensure its survival as it navigates through a court-monitored bankruptcy restructuring. … [Read more...] about ANA boss complains about government support for JAL
