Cathay Pacific has signed an agreement with aircraft leasing company BOC Aviation for the sale and leaseback of six of the 19 Boeing 777-300ER aircraft it has on order. CEO Tony Tyler said the move was consistent with the airline's "cash-preservation" strategy saying Cathay had no intention of cancelling aircraft orders. … [Read more...] about Cathay signs leaseback deal for six B777s
air freight
Polet makes first flight from Domodedovo
Polet Airlines has begun a new service between Moscow Domodedovo International Airport and Yakutsk utilising an IL-96-400T freighter for both charter and scheduled air cargo service. Polet is seeking approval to operate the IL-96-400T into the airports of: Irkutsk, Krasnoyarsk, Ulan-Ude, Khabarovsk, Nizhnevartovsk, Petropavlovsk-Kamchatski, Anadyr, Yuzhno-Sakhalinsk, Abakan, Yaroslavl, Kazan, Samara and Bratsk. … [Read more...] about Polet makes first flight from Domodedovo
LAX sees slimmest cargo decline of the year
In a further indication of an Asian-led recovery of the air cargo sector, Los Angeles International Airport reported its busiest month for freight in nearly a year in August and the fourth straight month-to-month improvement in cargo volumes. North America's largest gateway for the trans-Pacific air cargo trade, reported a 5.1 per cent fall in August cargo volumes compared to the same month a year ago, but the decline marked the slimmest Los Angeles has recorded since April 2008 and the seventh … [Read more...] about LAX sees slimmest cargo decline of the year
Abu Dhabi reports further cargo growth
Like neighbouring Dubai, Abu Dhabi Airports Company (ADAC) has reported ongoing growth in cargo and passenger movements with a 6.2 per cent increase in cargo volumes in August, year-on-year and a 12.4 percent rise in aircraft movements. The airport's cargo volumes were given a boost from new services by Maximus, China Airlines and Etihad's expanding network. "In this challenging time for the aviation industry, Abu Dhabi International Airport is still seeing positive growth, route developments, … [Read more...] about Abu Dhabi reports further cargo growth
Global carrier capacity growing again
Global airline capacity for September 2009 is showing positive growth for the second consecutive month, reports OAG. The world's airlines have scheduled 296.9 million seats, a rise of 1.4 per cent (4.1 million more seats) over September 2008 levels. Air cargo capacity is closely linked to passenger seat numbers as over 80 per cent of air cargo is carried in the bellies of passenger aircraft. … [Read more...] about Global carrier capacity growing again
Gov't task force looking at JAL options
A government task force set up to help rescue Japan Airlines Corp said today it would review the carrier's turnaround plans from scratch as investors dumped shares in Japan Airlines (JAL) on Thursday following reports that the loss-making carrier would request another government bailout and could break up its operations. Japan's transport minister said he will not force the struggling carrier, Asia's biggest, into bankruptcy. "We will not crush and liquidate (the airline), it's just impossible," … [Read more...] about Gov't task force looking at JAL options
