Air cargo has "all but collapsed," according to the Association of European Airlines (AEA), who said traffic volumes were down by around a fifth for the first two months of the year, the worst figures on record. Passenger traffic plunged nearly 5 per cent in the first two months of the year and could fall another 10 per cent in March as the economic downturn continues. It said it would normally expect a 4 per cent to 5 per cent increase in traffic "so current levels are approaching 10 per cent … [Read more...] about Decline continues for European carriers
air freighting
Open skies between EU and Canada ok’ed
European Union transport ministers have backed an 'open skies' aviation pact with Canada that will deregulate cargo and passenger services across the Atlantic, from 6 May this year. The accord will allow European and Canadian carriers to fly between any airport in the 27 nation EU and any Canadian airport and includes a provision for cargo carriers to fly onward to third countries from both the EU and Canada. The agreement also lowers barriers to foreign investment in Canadian airlines, allowing … [Read more...] about Open skies between EU and Canada ok’ed
1,000 more FedEx employees lose jobs
FedEx has cut 1,000 jobs worldwide in an attempt to save more than US$1 billion in costs as the global economy flattens freight volumes. The cuts are in addition to earlier layoffs of 900 people from FedEx Freight in February. FedEx employs approximately 290,000 people worldwide. In March, FedEx reported that third quarter profits fell 75 per cent to US$97 million. The company announced plans for job cuts and to reduce capacity and cut salaries of top executives at that time. … [Read more...] about 1,000 more FedEx employees lose jobs
New US carrier to fly NY to Russia
While carriers the world over are slashing their networks and grounding aircraft in a bid to keep their heads above the rising tide, a bold group of investors believe that the time is ripe to launch a new airline offering flights between New York and St. Petersburg, Russia. Baltia Air Lines has recently won approval from the US Transportation Department to provide nonstop service between New York's John F. Kennedy International Airport and St. Petersburg's Pulkovo 2 Airport, with flights … [Read more...] about New US carrier to fly NY to Russia
EUROPE & CIS: It’s tiger time in Moscow
AirBridgeCargo Airlines (ABC) has delivered two white tiger cubs on its scheduled flight from Frankfurt to join the Brothers’ Zapashny circus in Moscow. The five month old cubs arrived in Russia onboard one of ABC’s Boeing 747 freighters. The circus is one of the most popular entertainment shows in Moscow and is highly regarded for the uniqueness and professionalism of its performances. Last July, the all-cargo airline – part of Volga-Dnepr Group … [Read more...] about EUROPE & CIS: It’s tiger time in Moscow
EUROPE & CIS: New US carrier to fly NY to Russia
While carriers the world over are slashing their networks and grounding aircraft in a bid to keep their heads above the rising tide, a bold group of investors believe that the time is ripe to launch a new airline offering flights between NewYork and St. Petersburg, Russia. Baltia Air Lines has recently won approval from the US Transportation Department to provide nonstop service between New York’s John F. Kennedy International Airport and St. Petersburg’s Pulkovo 2 … [Read more...] about EUROPE & CIS: New US carrier to fly NY to Russia
