Düsseldorf International Airport is looking to the perishables sector to boost cargo growth citing continued healthy growth of the sector and the large catchment area of the North Rhine Westphalia region, with Düsseldorf at its heart, in all accounting for around 20 per cent of Germany's total spending power. "The Perishables market continues to grow despite economic downturn, with many of the products such as fruit, established as staple food items rather than luxury," said DUS Cargo … [Read more...] about Düsseldorf eyes move into perishable business
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Deutsche Post potential Royal Mail bidder
Germany's Deutsche Post has emerged as a potential bidder for a stake in Britain's Royal Mail, as the UK government attempts to partially privatise the state-owned postal company. The parent of express and logistics giant DHL has joined a short list including TNT and CVC, a private equity company already active in the European postal industry. … [Read more...] about Deutsche Post potential Royal Mail bidder
Brussels Airlines down on fuel hedges
Brussels Airlines has reported a €12.2 million net loss for last year, a reversal from the €23.1 million profit earned in 2007, due largely to fuel hedging losses. The carrier remained profitable on the operating level at €1.5 million as a result of what it said was "capacity optimisation and strict budgetary control." Revenue increased 7 per cent year-on-year to €984.6 million while passenger numbers fell 6.8 per cent to 5.5 million. … [Read more...] about Brussels Airlines down on fuel hedges
ILFC looks for funding as sale talks ongoing
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
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
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
