Federal Express announced on Monday that its FedEx Express unit exercised options from a 2006 purchase agreement, to buy 15 more Boeing 777 freighters, worth US$3.75 billion at list prices, Although the move clearly bucks the current economic trouble, the express carrier did defer delivery of some of the planes with four B777s slated for delivery in FedEx's fiscal 2010, four in fiscal 2011, three in each subsequent fiscal year until fiscal 2018, and the remaining one in fiscal 2019. The express … [Read more...] about 15 more B777 freighters for FedEx
Air Logistics Asia
Swissport pulls out of Changi
Airport ground handling firm Swissport International, a unit of Spain's Grupo Ferrovial is pulling out of Singapore's Changi Airport after chalking up losses of more than S$50 million (US$33.6 million) since starting up operations at Changi in 2005, has chalked up , The Civil Aviation Authority of Singapore said Swissport's airline clients will continue to receive the same level of service through new agreements with either of the two other ground handlers at Changi Airport - Singapore Airport … [Read more...] about Swissport pulls out of Changi
New' Alitalia takes to the skies
After months of haggling with unions and frenetic talks with politicians seeking to save local airports, a new, slimmed-down Alitalia took to the skies today, after months of uncertainty as to its future after the former state-controlled airline filed for bankruptcy in August. "We've done it. There's no turning back from the new Alitalia now and all the prophets of misfortune have been silenced," said Labour Minister Maurizio Sacconi, whose government had made saving Alitalia a top priority. … [Read more...] about New' Alitalia takes to the skies
Antonov An-12s banned from UAE airspace
The United Arab Emirates' General Civil Aviation Authority has banned a widely used cargo aircraft from UAE airspace, citing safety concerns. A number of recent accidents involving the Antonov An-12, a four-engine turboprop plane, prompting the authority to blacklist the plane last week. The An-12 has a range of more than 3,000 km and can carry a payload of 20 tonnes. About a half-dozen small carriers in the UAE use the Soviet-era aircraft to carry goods such as medicine and food to destinations … [Read more...] about Antonov An-12s banned from UAE airspace
ACI reports Nov drop in global air traffic
ACI reports Nov drop in global air traffic Global freight growth dropped dramatically in November according to the latest statistics released by Airports Council International (ACI) from 165 key airports around the world. International freight plummeted by 15.6 per cent and domestic tonnage by 13.1 per cent on average. The year-to-date and the rolling 12-month year periods also registered negative growth compared to the same time period of the previous year leaving only the Middle East with … [Read more...] about ACI reports Nov drop in global air traffic
Troubled FlyLAL acquired by Swiss investor
Loss-making FlyLAL Lithuanian Airlines has been purchased by SCH Swiss Capital Holdings for US$1 million plus an agreement to cover debt of some €1 million (US$1.4 million). "We were looking for an airline to purchase, and this is a good company to invest in. FlyLAL can be a very strong regional carrier," SCH CEO Jan Erik Jansson told the Associated Press. The sale will take effect on 23 January. FlyLAL was privatised in 2005 and was held by several Lithuanian investors. It lost LTL8.1 … [Read more...] about Troubled FlyLAL acquired by Swiss investor
