Royal Jordanian and UK-based MK Airlines have agreed to cooperate in developing air freight services in the Middle East region, in particular through Jordan the Levant region (the northern portion of the Arabian Peninsula roughly comprising Israel, Jordan, Lebanon, Palestinian Territories, andSyria). The memorandum of understanding sets out the intention of the two carriers to cooperate to improve fleet utilisation by complementing each other’s route networks, air freight handling … [Read more...] about MIDDLE EAST: RJ and MK team up for Middle East cargo
Air Shipping Asia
MIDDLE EAST: Emirates defi es skeptics, posts 21st annual profit
Defying the naysayers, the Emirates Group has continued its unbroken string of annual profit, posting for the 21st consecutive year, a net profit of AED 1.49 billion (US$406 million) for the year ending 31 March 2009. Clearly not escaping the economic crisis however, the figure was down a whopping 80.4 per cent from last year’s record profi ts of AED 5.0 billion ($1.37 billion). Revenues rose 9.9 per cent to AED 44.2 billion ($12 billion) from AED 40.2 billion ($10.95 billion) in … [Read more...] about MIDDLE EAST: Emirates defi es skeptics, posts 21st annual profit
PAKISTAN: Cabot delivers B737-200s to Shaheen Air
UK-based aircraft trader, Cabot Aviation has announced that the second of seven Boeing 737-200 aircraft bought by Sharjah-based KAL Aviation from Aerotrans Leasing Limited has been delivered to Karachi-based Shaheen Air International. Shaheen Air International, which operates domestic f light s and international flights to the Gulf region, is leasing the aircraft from KAL Aviation which purchased them earlier this year in a transaction arranged by Cabot Aviation. All seven aircraft were … [Read more...] about PAKISTAN: Cabot delivers B737-200s to Shaheen Air
INDIA: India’s air cargo free-fall bottoms out
Indian domestic air cargo traffic has halted its sharp decline, with March figures showing a decline of only 2.4 per cent compared to nearly an 11 per cent drop in February, according to the Airports Authority of India (AAI). Overall, total freight traffic – international and domestic – handled at all Indian airports decreased by 4.5 per cent in March 2009 compared to the same month a year earlier. International freight traffic registered a decrease of 5.5 per cent … [Read more...] about INDIA: India’s air cargo free-fall bottoms out
INDIA: Jet posts profit, more restructuring in store
Defying the global air cargo slowdown Jet Airways has posted a net profit of US$10.4 million for the fourth quarter ended 31 March on what it said was a result of improved international performance, effects of the restructuring programme and reduced fuel prices. During the quarter, Jet returned three B737-400s, discontinued some long-haul flights, discontinued its Cochin-Bahrain flights and introduced its Mumbai-Kuwait service. It leased two A330s to Gulf Air and three B777s to Turkish, and … [Read more...] about INDIA: Jet posts profit, more restructuring in store
INDIA: Paramount Airways starts Delhi service
Paramount Airways has announced the launch of daily flights from Chennai to Delhi effective immediately. The airline’s expansion into northern India follows the recent introduction of flights to Kolkata and northeast India. … [Read more...] about INDIA: Paramount Airways starts Delhi service
