Air Logistics Asia

TNT opens expanded Regional Hub in Singapore

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The expanded S$20 million facility, capable of handling over 300 tonnes of cargo per day, is a key component of the express logistics company's pan-Asian road network and is Singapore's first integrated air and road hub. In late 2005 TNT hit upon the idea of developing a road network connecting China with Southeast Asia, creating what was essentially a small scale version of their extensive European road network. Named the Asia Road Network (ARN), the basic pan-Asian land network linking China … [Read more...] about TNT opens expanded Regional Hub in Singapore

Lufthansa Cargo likely to posts ’09 loss: CEO

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Lufthansa's chief executive said he now foresees a full-year operating loss for the company's cargo business as the global economic crisis continues to depress the air freight market. In 2008 the cargo division posted a €164 million operating profit in 2008, equal to 12 per cent of the group total. "It is apparent that the (cargo) market will remain at this extremely low level," Lufthansa CEO Wolfgang Mayrhuber said at the company's annual shareholders' meeting. Lufthansa Cargo's volumes … [Read more...] about Lufthansa Cargo likely to posts ’09 loss: CEO

UPS sees 1Q profit plummet 56%

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United Parcel Service has reported a 56 per cent drop in first-quarter earnings to US$718 million from $1.49 billion in the year-ago quarter and warned the second quarter will also be difficult. Revenue was off 13.7 per cent at $10.9 billion with the continuing deterioration in global economic activity resulting in decreased revenue and profitability in all business segments, according to UPS. The company added that it took an impairment charge on its entire fleet of 44 DC-8 aircraft for a … [Read more...] about UPS sees 1Q profit plummet 56%

Lufthansa Cargo likely to posts '09 loss: CEO

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Lufthansa's chief executive said he now foresees a full-year operating loss for the company's cargo business as the global economic crisis continues to depress the air freight market. In 2008 the cargo division posted a €164 million operating profit in 2008, equal to 12 per cent of the group total. "It is apparent that the (cargo) market will remain at this extremely low level," Lufthansa CEO Wolfgang Mayrhuber said at the company's annual shareholders' meeting. Lufthansa Cargo's volumes … [Read more...] about Lufthansa Cargo likely to posts '09 loss: CEO

Qantas makes deep cuts and defers A380s

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Plummeting profits and declining freight and passenger traffic will see Qantas Airways slash as many as 1750 jobs, sell aircraft and defer its order for four Airbus A380 superjumbos. Qantas announced plans earlier this week to cut about 500 management positions and confirmed it was considering a further 1,250 redundancies out of a company-wide total of more than 34,000. Last year the carrier already cut 1,500 jobs. Qantas employees will also be asked to take long service leave, work part time … [Read more...] about Qantas makes deep cuts and defers A380s

Jade Cargo B747 skids off runway in Seoul

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Jade Cargo International has isssued a statement confirming an incident on its cargo flight JI 7432 Frankfurt - Incheon upon landing at Incheon Airport, Seoul. Its Boeing 747-400 Cargo ERF skidded off the runway during landing. The extent of the damage is not currently known but there were no injuries from the incident. Jade Cargo said it was in close cooperation with the local authorities to identify the cause of the incident. … [Read more...] about Jade Cargo B747 skids off runway in Seoul