Volga-Dnepr Group has reported total sales of US$1.1 billion for 2007, 51 per cent higher than in 2006. The company said it had achieved substantial growth in the specialist air charter market for the carriage of outsize and heavy cargoes, up 62 per cent. The group's scheduled cargo airline, AirBridgeCargo saw turnover rise by 32 per cent in 2007 to over US$300 million. The group attributed its rising fortunes to a competitive pricing policy and strong development across the group's … [Read more...] about EUROPE & CIS: Volga-Dnepr reaches US$1 billion sales
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EUROPE & CIS: Alitalia still bleeding and no doctor in sight
Italian prime minister-elect, Silvio Berlusconi, has promised to recruit a new bidder for Alitalia in just a few weeks but warned that ¡°painful layoff s¡± for the flagship carrier were ahead. Mr Berlusconi's comments came a day after the Government - which owns 49.9 per cent of the moribund carrier - agreed to extend to the carrier a €300 million (US$502 million) bridge loan, which will keep Alitalia flying for the time being. Mr Berlusconi won national elections last week but has … [Read more...] about EUROPE & CIS: Alitalia still bleeding and no doctor in sight
MIDDLE EAST: New A321 for Royal Jordanian
Royal Jordanian received a new Airbus A321, named after the city of Ramtha, in line with the company¡¯s strategic plan of modernising and enlarging its fleet of aircraft serving the international and regional network, and improving services offered passengers. Another new Airbus A321, Al-Tafileh, will join the fleet on May 20 this year. These two aircraft are to replace two that will be phased out after their operating lease terminates in mid-May. The Royal Jordanian fleet currently … [Read more...] about MIDDLE EAST: New A321 for Royal Jordanian
MIDDLE EAST: Etihad inks Cargoitalia codeshare
Etihad Crystal Cargo has signed an interline agreement and code-share deal with Cargoitalia. The deal, which came into effect in early April, provides additional freighter capacity between Abu Dhabi and Milan where the service will link with Cargoitalia's network of destinations in the US and central America including New York, Chicago, Houston as well as Mexico City. Etihad currently operates a twice-weekly freighter service between Abu Dhabi and Milan, in addition to three passenger … [Read more...] about MIDDLE EAST: Etihad inks Cargoitalia codeshare
MIDDLE EAST: Agility conducts in Pyongyang
Middle East-based Agility logistics recently played a crucial supporting role in transporting 22 tonnes of musical instruments to Pyongyang, on behalf of the New York Philharmonic Orchestra when it made its recent debut concert in the North Korean capital. Th is was the first time that an international logistics company hadprovided such support. The orchestra arrived from Beijing by charter flight at Pyongyang and the musical instruments had to be transferred within a few hours into the … [Read more...] about MIDDLE EAST: Agility conducts in Pyongyang
SRI LANKA: Sri Lanka appoints new carrier board
The Government of Sri Lanka has nominated and appointed a new Chairman and Directors to Sri Lankan Airlines. Dr P B Jayasundera has been appointed Chairman with Nishantha Wickremasinghe, Lalith De Silva and Sunil Wijesinha as Nominee Directors to represent the government, which holds 51.05 per centshareholding. Emirates Airline holding 43.63 per cent shareholding will be represented by Tim Clark, Gary Chapman and Nigel Hopkins. Emirates recently withdrew from its management role of the … [Read more...] about SRI LANKA: Sri Lanka appoints new carrier board
