A new transatlantic joint venture between Air France-KLM and Delta Air Lines will boost each partner's profits by up to US$150 million, the two airlines said recently. Air France-KLM CEO Pierre-Henri Gourgeon said the 13-year agreement to pool revenue and costs for flights between Europe and the US, and to cooperate closely on many other flights, will significantly lift both carriers' revenues while cutting costs. The deal will also mean that Delta is back in the cargo business only weeks after … [Read more...] about Air France/KLM and Delta do transatlantic deal
Air Shipping Asia
HK’s April volumes steady, still a concern
April air cargo volumes at Hong Kong International Airport fell 19.8 per cent year-on-year in April to 257,000 tonnes, according to Hong Kong's Airport Authority. The authority's CEO, Stanley Hui said that while the decline in cargo volumes had remained steady at around -20 per cent in each of the last three months, better than the 30 per cent plunge experienced in December and January, the ongoing downturn was still a concern. … [Read more...] about HK’s April volumes steady, still a concern
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 during March. … [Read more...] about India’s air cargo free-fall bottoms out
Bahrain Air outsources cargo biz
Bahrain Air, the country's first privately owned carrier, has announced the signing of a joint venture agreement appointing Addax WLL of Bahrain to operate its cargo division from 1 June 2009. The carriers said the move was in line with its strategy of diversifying and offering innovative and affordable products to its customers. … [Read more...] about Bahrain Air outsources cargo biz
Japan airport stake up for sale
Macquarie Airports, a fund managed by Australia's biggest investment bank Macquarie Group, has offered to sell its 15 per cent holding in Japan Airport Terminal (JAT), Reuters reported. JAT manages Tokyo International Airport and also operates merchandise, food and beverage businesses at other airports in Japan at Narita and Kansai. Macquarie said it was offering to sell the stake back to JAT, as part of JAT's tender offer to buy back a total 22 per cent of its own shares at US$10.38 each. If … [Read more...] about Japan airport stake up for sale
Arms and aid: Air cargo taken to task
According to a report released by the Stockholm International Peace Research Institute (SIPRI), 90 per cent of the air cargo companies involved in arms trafficking to African countries have also been delivering humanitarian aid. "In some cases, air cargo companies are delivering both aid and weapons to the same conflict zones," the report claimed. The report, titled 'Air Transport and Destabilising Commodity Flows', said air cargo carriers involved in humanitarian aid and peacekeeping operations … [Read more...] about Arms and aid: Air cargo taken to task
