Alitalia’s bankruptcy administrator is close to selling the cargo unit of Italy’s former state-owned airline. Alitalia’s Extraordinary Administrator, Augusto Fantozzi has set a 29 January deadline for companies to make offers for the cargo unit’s five MD-11 freighters and its other assets. Th is will be followed immediately by a public tender. The cargo unit was not included in the US$1 billion acquisition of Italy’s national carrier by CAI, an Italian investor … [Read more...] about EUROPE & CIS: Possible Alitalia cargo sale nears
air cargo freight
EUROPE & CIS: 'New' Alitalia takes to the skiesya
After months of haggling with unions and frenetic talks with politicians seeking to save local airports, a new, slimmeddown Alitalia took to the skies today, after months of uncertainty as to its future after the former state-controlled airlinefiled for bankruptcy in August. “We’ve done it. There’s no turning back from the new Alitalia now and all the prophets of misfortune have been silenced,” said Labour Minister Maurizio Sacconi, whose government had made saving … [Read more...] about EUROPE & CIS: 'New' Alitalia takes to the skiesya
JAPAN: NCA and JAL discussing air cargo 'code share'
Nippon Cargo Airlines (NCA), the air freight subsidiary of Japanese global shipping company NYK Line, announced last week that it was discussing a joint venture with Japan Airlines (JAL) in the form of ‘code sharing’ for cargo flights between Japan and the US. The two airlines are the largest air freight carriers out of Japan. The move is a direct result of, “the unprecedented market shrinkage and slump caused by the worldwide depression… and also from the structural … [Read more...] about JAPAN: NCA and JAL discussing air cargo 'code share'
CHINA: China to take delivery of 241 aircraft in '09
China is set take delivery of 241 new planes this year, 16 of which are delayed orders from 2008, Dow Jones reported.According to the Civil Aviation Administration of China (CAAC) the new aircraft would increase passenger seat capacity by 16 per cent despite the leases on 43 planes expiring this year. … [Read more...] about CHINA: China to take delivery of 241 aircraft in '09
CHINA: Okay waiting for official "OK" to resume ops
Okay Airways has applied to the Civil Aviation Authority of China (CAAC) for permission to resume operations after suspending operations in December. Okay Chairman Liu Jieyin told Chinese press that “fund shortages” – estimated to be nearly US$14 million – remain the key obstacle to the Tianjin-based airline’s relaunch. Okay operated cargo flights in conjunction with FedEx and hopes to resume its cargo operations once CAAC approval is granted. The carrier … [Read more...] about CHINA: Okay waiting for official "OK" to resume ops
MALAYSIA: AAPA figures reveal "shocking" cargo decline
December cargo volumes of member carriers of the Association of Asia Pacific Airlines plummeted a “shocking” 24 per cent. Recently released figures from the Association of Asia Pacific Airlines (AAPA) indicate that international air cargo traffic for 2008, expressed in freight tonne kilometres (FTKs), suffered a 6.1 per cent decline and while member airlines reduced cargo capacity significantly, the average cargo load factor for the year still fell by one percentage point to 65.6 … [Read more...] about MALAYSIA: AAPA figures reveal "shocking" cargo decline
