Time:matters, the special service provider for courier, same day and emergency logistics as well as time-critical spare parts logistics and Jetpak, a Nordic market leader for time-critical express logistics solutions, have developed a joint flight network specifically for the transport of time-critical spare parts. The new high-frequency, in-night network connects Central European commercial centers with Northern European destinations such as Stockholm, Oslo, Copenhagen and Helsinki as well as … [Read more...] about Time:Matters & Jetpak team up on spare parts
Air Cargo Asia
Rhenus & Lufthansa team up to boost volumes
Rhenus Freight Logistics and Lufthansa Cargo have signed an agreement aimed at winning more air freight business from medium-sized European companies shipping to the US, Asia and Middle East. Rhenus, which has annual turnover of some €3.3 billion (US$4.5 billion), said it would introduce its European shipper customers to Lufthansa Cargo as part of the preferred partner deal. “Our customers obtain reliable and high-quality services for their air freight in return,†added Marc … [Read more...] about Rhenus & Lufthansa team up to boost volumes
US air cargo volumes drop 21% in Q1
US carriers have reported their worst quarter for cargo ever, in the first three months of 2009, recording a 21.1 per cent decline in traffic despite some signs of growing demand late in the quarter, according to the Air Transport Association. The carriers saw traffic fall 20.9 per cent in March from the same month a year ago, but traffic measured in cargo ton miles grew 11.7 per cent from February to March - the first month-on-month increase the US carriers have seen since October. Traffic in … [Read more...] about US air cargo volumes drop 21% in Q1
ST Aerospace sees 57% drop in Q1 profit
Singapore Technologies Aerospace (ST Aerospace) has reported a 57 per cent decline in net profit to S$27.4 million (US$18.5 million) for the first quarter 2009 compared with the year-ago period. On a quarter-on-quarter basis, profit was down 30 per cent from the fourth quarter of 2008. Turnover was down marginally by 2 per cent for the first quarter, year-on-year, to S$459 million. … [Read more...] about ST Aerospace sees 57% drop in Q1 profit
Atlas Air posts US$23.4 million Q1 profit
Atlas Air Worldwide Holdings Inc. has reported a first-quarter profit of US$23.4 million this week, improving upon the same period last year when it posted a loss of $5.3 million. Revenue fell 34.4 per cent to $244.5 million, from $373 million a year ago, in large part due to Atlas selling a 49 per cent stake in its Polar Air Cargo unit. The carrier said global air freight traffic remains weak, but "appears to be showing signs of bottoming." With lower capacity in the industry, "any improvement … [Read more...] about Atlas Air posts US$23.4 million Q1 profit
Qatar to push on with ambitious expansion plan
Qatar Airways' chief executive Akbar al-Baker, has said the Doha-based airline would push ahead with plans to grow its fleet to over 110 planes by 2013 from around 68 now, as well as place new orders at the Paris Air Show next month. Qatar Airways has placed orders for more than 200 aircraft worth a total of US$40 billion and plans to increase its routes to 120 in five years, from 84 now. "Whatever is happening around the world will not affect our growth plans. We are committed and remain … [Read more...] about Qatar to push on with ambitious expansion plan
