Air Freight Asia

AMERICAS: US airline groups seek US$4 billion in aid

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A broad coalition of US airline and aerospace industry trade groups is reportedly seeking a US$4 billion slice of the economic stimulus package being mulled over by the incoming Obama administration, Dow Jones reported. The funds would be used to kickstart modernisation of the country’s antiquated air traffic control system through equipping aircraft with satellitebased navigation technology. The plan is outlined in a letter to government officials obtained by Dow Jones Newswire and … [Read more...] about AMERICAS: US airline groups seek US$4 billion in aid

AMERICAS: Chilean, Brazilian, Israeli airlines fined US$125 M

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LAN Cargo S.A., Aerolinhas Brasileiras and EL AL Israel Airlines Ltd have agreed to plead guilty to conspiring to fix air freight prices, according to the US Justice Department. The three companies will pay criminal fi nes totaling $124.7 million. LAN Cargo and Aerolinhas Brasileiras, which is substantially owned by LAN Cargo, will pay a combined fine of US$109 million while EL AL will pay a US$15.7 million fine, the Justice Department said. All three airlines agreed to cooperate with US … [Read more...] about AMERICAS: Chilean, Brazilian, Israeli airlines fined US$125 M

EUROPE & CIS: Volga-Dnepr taps combination fleet

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Volga-Dnepr Group’s said its strategy of providing a unique ‘cargo supermarket’ of transportation solutions saw a combination of its AN-124, IL- 76TD-90VD and Boeing 747 freighters come together to deliver machinery and materials for the Corumba III hydroelectric power plant in Brazil. The project commenced with AN-124 and Boeing 747 cargo charter flights from Ulyanovsk and Kazan in Russia to Brasilia, with the possibility of executing further flights for the same project … [Read more...] about EUROPE & CIS: Volga-Dnepr taps combination fleet

EUROPE & CIS: FlyLAL ceases operations

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FlyLAL Lithuanian Airlines ceased operations recently after its acquisition by SCH Swiss Capital Holdings for €1 million plus an agreement to cover debt of an additional €1 million, fell through. FlyLAL said that SCH “did not fulfill its obligations under the agreement” and that it “cannot secure the continuity of its operations and satisfy the demands of its creditors.” SCH did not transfer the funds in time, flyLAL CEO Vytautas Kaikaris said, adding that … [Read more...] about EUROPE & CIS: FlyLAL ceases operations

EUROPE & CIS: BIFA gives thumbs-up to 3rd Heathrow runway

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The British International Freight Association (BIFA) has given qualified support to the UK government’s decision to allow a third runway at Heathrow airport. “The stringent environmental conditions attached to the go-ahead, the possibility that a future administration could reverse the decision and the likelihood of a lengthy planning process means that this is far from a ‘donedeal’,” said BIFA Director General, Peter Quantrill. “Investment in an … [Read more...] about EUROPE & CIS: BIFA gives thumbs-up to 3rd Heathrow runway

EUROPE & CIS: Czech government to sell its stake in Czech Air

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The Czech government has approved the sale of its 91.5 per cent share of national carrier Czech Airlines, expected to fetch up to US$241.8 million. … [Read more...] about EUROPE & CIS: Czech government to sell its stake in Czech Air