International Lease Finance Corp. - aircraft lessor and the largest single customer of both Boeing and Airbus - chairman and CEO Steven Udvar-Hazy is reportedly attempting to line up investors to buy back the company from parent American International Group (AIG), which purchased it in 1990, according to the Wall Street Journal. ILFC, founded by Udvar-Hazy and Leslie and Louis Gonda in 1973, is a bright spot in troubled AIG's portfolio. While the company as a whole nearly collapsed before … [Read more...] about Americas: Udvar-Hazy may buy back ILFC from AIG
airlines cargo
Americas: Boeing production still idle from ongoing strike
Boeing and the International Association of Machinists union appear far apart and unwilling to compromise to settle a strike, both sides indicate as the strike enters its second month. With a strike by Boeing machinists idling some 27,000 workers since early September, the company looks set for serious delivery delays to an already stretched production schedule. Protracted strike action will have a serious effect on delivery of Boeing’s record backlog. As of 31 July it had 3,695 … [Read more...] about Americas: Boeing production still idle from ongoing strike
Americas: New website for Delta Cargo
Delta Air Lines’ cargo division continues its transformation with the launch of the new deltacargo.com which offers its cargo customers the ability to conduct global booking, tracking and tracing; obtain rates for most international and domestic products; and access dynamic information from any Internet connection. Delta said the new website enables it to more effectively offer customers access to an international network that includes the addition of more than 60 new international … [Read more...] about Americas: New website for Delta Cargo
Americas: Venezuela cuts flights by US airlines
Venezuela has ordered US airlines to reduce flights after the United States questioned the country’s airport security. In mid-September the US government issued a travel advisory questioning security measures at Venezuelan airports – a decision that drew sharp criticism from Venezuelan officials. The move opens a new of source of tension between Venezuela and the US, which regularly clash over President Hugo Chavez’s policies on drugs, free trade and oil prices despite the … [Read more...] about Americas: Venezuela cuts flights by US airlines
Americas: 100 per cent cargo scanning begins
The US Homeland Security Department has launched a test of its 100 percent scanning operation this week at Dulles International Airport near Washington, DC. All incoming air cargo passed through radiation detectors as the agency implements laws designed to avert what the 9/11 Commission’s final report called a major security vulnerability - cargo on airplanes as a potential avenue for terrorism. In the test at Dulles, every piece will be scanned, but the emphasis is on … [Read more...] about Americas: 100 per cent cargo scanning begins
CEVA opens new Hong Kong freight hub
As part of its Asian expansion plan, CEVA Logistics, a leading supply chain company, has opened its new air freight hub at Hong Kong International Airport in Chek Lap Kok. With this development and together with its China business expansion, the company expects todouble its business growth rate by 2010. According to CEVA’s chief executive officer John Pattullo, who was on a recent two-day visit to Hong Kong to officiate the air freight hub opening, the company’s new facility will … [Read more...] about CEVA opens new Hong Kong freight hub
