Germany's Lufthansa Cargo began non-stop services to Toronto from the beginning of September. The airfreight subsidiary in the Lufthansa Group will be flying twice-weekly with an MD-11F freighter to Canada's largest city. Capacity for around 90 tonnes of freight will be available on each flight and the flight will return to Frankfurt via Atlanta. With the new flights to Toronto, the carrier is again serving a station in Canada with its own freighter service for the first time since 2000. The … [Read more...] about Europe &: CIS: Lufthansa adds Toronto freighter service
Air Forwarding
Europe &: CIS: EC gives thumbs up for Delta deal
The European Commission has given its approval for US carrier Delta Air Lines' plan to buy rival US carrier Northwest Airlines Corp for more than US$3 billion, saying that for transatlantic cargo transport the deal would have only a limited impact because of the two companies' limited presence in this market. "After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any … [Read more...] about Europe &: CIS: EC gives thumbs up for Delta deal
Europe &: CIS: BAA refinances as potential breakup looms
BAA completed the long-awaited £13.3 billion refinancing of its seven UK airports, which it said will provide "a stable, long-term, investment grade financing platform for investment in [London] Heathrow, Gatwick and Stansted airports over the coming decades."Included is £3 billion of committed facilities to fund immediate investment projects across the seven airports: LHR, STN, LGW, Edinburgh, Glasgow International, Aberdeen and Southampton. The refinancing agreement … [Read more...] about Europe &: CIS: BAA refinances as potential breakup looms
Europe & CIS: Iberia boosts Israel capacity
Spanish airline Iberia is to boost its Madrid, Spain-Tel Aviv, Israel cargo capacity to 63.5 tonnes a week from September, using two Airbus 340s twice a week and making 12 other weekly flights using smaller aircraft. The airline expects to significantly increase freight haulage between Spain and Israel, and also between Israel and the rest of Europe, Latin America and the US. … [Read more...] about Europe & CIS: Iberia boosts Israel capacity
Europe & CIS: Lufthansa sees freight market slowing in Q4
Deutsche Lufthansa AG's cargo unit expects the global air freight industry's growth to slow in the fourth quarter of this year as weaker economic growth hurts consumer spending, the unit's head Carsten Spohr told Euro magazine in an interview."But we stick with our forecast that we will beat last year's earnings this year," Spohr said citing growth markets including China."We are not making any money there (in China) yet, but we have one foot in the most important air freight … [Read more...] about Europe & CIS: Lufthansa sees freight market slowing in Q4
Europe & CIS: SAS sued by retailers over price fixing
Scandinavian airline SAS is being sued by several major Swedish companies for losses resulting from price fixing on air freight services.Low-cost furniture chain IKEA and clothing retailer Hennes & Mauritz were among the companies who had launched lawsuits against SAS, according to media reports.The price fixing cartel was uncovered after European and US authorities carried out dawn raids at airlines on both sides of the Atlantic in early 2006. In June this year, SAS - like several of its … [Read more...] about Europe & CIS: SAS sued by retailers over price fixing
