India's rapid airline sector growth has hit a major snag as surging fuel prices are plunging the nascent industry into massive losses. The country's carrier shave racked up a combined loss of US$938 million in the fiscal year to March 2008 with aviation officials from the Indian government saying this figure could well double this year if oil prices climb unabated.The forecast represents nearly a third of total global losses of US$6.1billion projected by the International Air Transport … [Read more...] about INDIA: Heavy turbulence for India's air sector
Air Shipping Asia
AUSTRALIA: Australia's air freight emissions on the rise
New figures show Australia's airfreight is the most emissions-intensive of the country's freight transport sector with rail producing the least amount of greenhouse gases in a recent study.Overall emissions in Australia are expected to increase by 100 per centby 2020 with total emissions from the transport sector having grown by 27per cent between 1990 and 2006. Emissions from freight transport - including the greenhouse gases produced by light commercial vehicles, shipping, trucks, and aviation … [Read more...] about AUSTRALIA: Australia's air freight emissions on the rise
Emirates' Cargo Mega Terminal
The first stage of Dubai's air cargo handling saw the country's first cargo terminal built and operated by Emirates subsidiary Dnata.As Emirates SkyCargo volumes grew rapidly Dnata - which undertakes cargo handling for other international carriers- was unable to handle the substantial volumes and a decision was made for Emirates to set up its own handling facility.Stage two of Dubai's cargo handling phase kicked off in 2000 with the establishment of Emirates Cargo Centre.Developed out of … [Read more...] about Emirates' Cargo Mega Terminal
A 'hot summer' for Royal Jordanian
It's efforts appear to be paying off, as the airline, which was recently awarded "Airline of the Year 2007" by the Air Finance Journal, recorded in May an improvement in its uplifted freight by 38 percent, flight frequency up by 16 per cent, flying hours by 20 per cent and aircraft mileage by 21 per cent versus the same month last year."In the first five months of this year, the airline's flight frequencies rose by 16 percent, flying hours by 18 per cent, aircraft mileage by 19 per cent and the … [Read more...] about A 'hot summer' for Royal Jordanian
Aeroflot 'right-sized' for the MD-11
Three of six MD-11 Boeing Converted Freighters are now in service between the Far East and Europe as Aeroflot Cargo has begun implementing its carefully planned expansion that will see its fleet number and capacity grow substantially over the next two years as it combines wide-body, long range aircraft with short-haul feeder aircraft.The three MD-11s are on lease from Boeing Capital Corporation, while the remaining three have been purchased outright by the 100 per cent owned subsidiary of … [Read more...] about Aeroflot 'right-sized' for the MD-11
Brands not flags
"The situation is grim." No simpler, nor truer words could be used to sum up the brutal impact of current oil prices is having on the air industry. Spoken by International Air Transport Association (IATA) director general and CEO Giovanni Bisignani, the bluntness underscores the absolute seriousness of the situation. IATA is now revising its earlier forecast of overall airline losses of US$2.3 billion sharply upwards to as high as US$6.1 billion. Even this is somewhat conservative considering … [Read more...] about Brands not flags
