Hong Kong-based Cathay Pacific Airways and its subsidiary Dragonair have reported moderating declines in cargo tonnage with the two carriers uplifting a total 123,860 tonnes of cargo and mail in June, down 10 per cent on June 2008. The airline's cargo spokesman said June cargo traffic was down year-on-year, though the monthly drop was the lowest so far this year. "There are signs that the airfreight market has bottomed out, though as yet we are not seeing any sustained upswing in demand. … [Read more...] about June figures up for Cathay, but yields hurting
Air Freight Asia
MASkargo sees 2010 recovery, focuses on charters
Malaysia Airlines Cargo (MASkargo) - which saw a 28 per cent nose dive in cargo volume in the first half year of 2009 year-on-year - has said it expects to see a turnaround of its cargo volumes only in the second half of of next year. The Kuala Lumpur-based cargo carrier took a major hit when demand from its main market, China, fell by more than 30 per cent. "We see a light at the end of the tunnel. We see some flattening at the bottom. There is not really a jump yet but we've seen the bottom … [Read more...] about MASkargo sees 2010 recovery, focuses on charters
Four Indonesian carriers off EU ‘black-list’
The European Commission has released its eleventh update of the Community’s list of airlines banned in the European Union with good news for four Indonesian carriers which have been removed from the so-called 'black-list'. "We cannot afford any compromises in air safety, we have to remain vigilant; citizens have the right to fly safely every where in the world" said European Commission vice president Antonio Tajani announcing the revised list. "We will not accept that airlines fly at … [Read more...] about Four Indonesian carriers off EU ‘black-list’
Air Cargo Germany soon to be aborne
In the face of a dire air cargo market, Frankfurt Hahn-based start-up Air Cargo Germany (ACG) has received its air operator’s certificate (AOC) from the German authorities and is expected to start operations shortly. ACG took delivery of the first of two ex-China Airlines B747-400SFs from Avion Aircraft Trading in the first half this year, with the second aircraft expected to be delivered by end-July. The carrier will begin with charter flights with scheduled services starting at an … [Read more...] about Air Cargo Germany soon to be aborne
Air Canada clears last labour hurdle
Cash-strapped Air Canada has cleared the last hurdle in its attempt to avoid a second bankruptcy filing, following the carrier's last holdout union approval of a new labor contract that contains no raises or pension payments for 21 months. Canada's main airline, a unit of ACE Aviation Holdings Inc., now has wage and pension agreements with all five of its Canadian unions that will save Air Canada precious cash and more importantly meet the conditions neccesary for getting new financing. "These … [Read more...] about Air Canada clears last labour hurdle
Four Indonesian carriers off EU 'black-list'
The European Commission has released its eleventh update of the Community’s list of airlines banned in the European Union with good news for four Indonesian carriers which have been removed from the so-called 'black-list'. "We cannot afford any compromises in air safety, we have to remain vigilant; citizens have the right to fly safely every where in the world" said European Commission vice president Antonio Tajani announcing the revised list. "We will not accept that airlines fly at … [Read more...] about Four Indonesian carriers off EU 'black-list'
