Air Logistics Asia

ILFC looks for funding as sale talks ongoing

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International Lease Finance Corporation (ILFC), the world's largest aircraft lessor by value, is reportedly close to reaching agreement with the Federal Reserve Bank of New York to obtain a US$5 billion line of credit that will help facilitate its sale. Last month the ILFC said it needed financial support due to its lack of access to financing because it was a unit of American International Group (AIG) which saw more than US$180 billion pumped in by the government and the NY Fed to bail out AIG … [Read more...] about ILFC looks for funding as sale talks ongoing

BAWC adds second Chicago service

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British Airways World Cargo (BAWC) has announced it is adding a second weekly freighter service to Chicago due to an increase in commercial demand. The new B747-400F service will double BAWC's weekly frequency to and from Chicago and will route Stansted-Frankfurt-Chicago-Atlanta. Other changes in British Airways' schedule from 1 April include new flights from Heathrow to the southern French city of Toulouse and Atlanta in the US. … [Read more...] about BAWC adds second Chicago service

Turkish sees fourfold rise in 2008 profit

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Turkish Airlines has reported a net profit of US$874 million in 2008, nearly a fourfold increase over the $224 million reported in 2007, on the back of rising traffic. The carrier also said it is in talks with both Airbus and Boeing regarding the purchase of 25 long-haul aircraft plus 10 options and 50 narrow body aircraft plus 20 options. Last month it placed an order for five 777-300ERs for delivery from October 2010 to February 2011. Turkish Airline's revenue for the year climbed 26 per cent … [Read more...] about Turkish sees fourfold rise in 2008 profit

Logistics confidence down, but some optimism

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Overall confidence in the logistics industry has declined slightly in March over the past month, according to the latest edition of Recession Watch, by industry analyst group Transport Intelligence (Ti), but looking ahead respondents were slightly more optimistic than in the previous survey. According to Ti's Global Logistics Business Confidence Index (GLBCI), the overall results of the survey show that confidence in the present state of the logistics market has fallen slightly over the past … [Read more...] about Logistics confidence down, but some optimism

Wataniya Air looking at Indian market

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Wataniya Airways, Kuwait’s first premium full service airline is considering Indian operations by 2011, likely to South Indian market first and later to Mumbai or Delhi. The privately-held airline is currently flying short-haul destinations within the Gulf and wider Middle East region and is planning to start long-haul operations in its the second phase expansion. … [Read more...] about Wataniya Air looking at Indian market

airBaltic picks Airline Services for Finland

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Latvian airline airBaltic has appointed Airline Services GSA as its cargo GSSA for Finland saying the company’s long-standing expertise in the eastern European markets was a major factor in its choice. airBaltic currently operates 5 flights per day from Helsinki to its Riga hub, with frequent connections to 53 destinations spanning Europe, eastern Europe, Turkey, Israel and Egypt. The airline operates a 28-strong fleet of B737 and Fokker F50 aircraft with up to 1,000kg capacity per … [Read more...] about airBaltic picks Airline Services for Finland