Vancouver International Airport has been given the green light to participate in Canada's international air cargo transshipment programme by the Federal government. The programme simplifies air carrier access to the airport for air cargo transshipment, allowing the airport to seek new market opportunities and increase its transshipment activity. The programme allows air cargo to be moved through Canada for shipment to third countries. For example, cargo could be fl own from the US into … [Read more...] about AMERICAS: Vancouver airport gets transhipment status

Billionaire Richard Branson plans to start an airline in Russia in order to tap the 10 per cent annual growth of the market there. Th e new carrier will tentatively be called Virgin Russia and could begin operations within 12 months. Th e carrier will initially fly domestic routes, with international routes to be added at a later date. Russia¡¯s economy expanded by 8.1 per cent last year, the fastest pace since 2000 and the country is in its 10th consecutive year of growth. Russian … [Read more...] about EUROPE & CIS: A Russian virgin for billionaire Branson

Outsize and heavyweight air cargo specialist, Volga-Dnepr Airlines, has carried the longest ever shipment on board one of its IL-76 freighters - a telescopic slip joint transported from Prestwick in Scotland to Pointe Noire, Congo. Measuring 1,981cms in length and 82cms diameter, the 15,500 kilos slip joint was delivered on board one of the airline's new IL-76TD-90VD freighters on behalf of TransOcean Off shore Deepwater Drilling Inc. It was part of a 22,500 kilos shipment that also included … [Read more...] about EUROPE & CIS: Volga-Dnepr carries longest ever shipment

Scandinavian carrier SAS Cargo's annual result for 2007 was aff ected by "hard competition in key markets" resulting in a drop in profi ts compared with a year earlier. Turnover for the year was SEK 3,355m (€363m) while profi t came in at SEK 22m (€2.4m). "The air cargo industry has experienced some big changes in recent years, with consolidation among customers and over capacity in key markets," said Kenneth Marx, president and chief executive offi cer of SAS … [Read more...] about EUROPE & CIS: “Hard competition” dampens SAS results