The Kingfisher Airlines-Air Deccan merger will be completed in April following a sale of shares that will raise US$300 million to finance immediate expansion needs. "At the present moment, we are in talks to appoint a suitable merchant banker for the share sale by the end of this month," Deccan Aviation VP-Finance Anand Ramachardran said. Deccan has also filed an application with regulators seeking permission for the merged airline to fly international routes starting in … [Read more...] about INDIA: Kingfisher-Deccan merger nearing completion
airlines cargo
INDIA: Air India plans to grow its lucrative US routes
Air India plans to add more capacity to a number of US destinations as it eyes a growth of 25-30 per cent in its revenues this fiscal year from this sector alone. Th e revenue from this sector is expected to reach US$830 million in the current fiscal year, from US$760 million last year. The airline plans to start flights connecting India's Bangalore silicon valley with the US' Silicon Valley with effect from August. Th e carrier, which plans to add 15 Boeing 777-300ER aircraft, will also … [Read more...] about INDIA: Air India plans to grow its lucrative US routes
EASTERN EUROPE AIR CARGO SUPPLEMENT~ Skyport’s new owner unveils strategy and growth plans
The former Air Cargo Terminal, now re-named Skyport has a designed 100,000 tonnes annual capacity and handled 44,000 tonnes in 2007. In the fourth quarter of 2007, Prague airport posted 11 per cent growth over 2005, Slavik said. According to market analysts at Frost & Sullivan, the Eastern Europe market is set to show considerable growth in the next few years, based on the trend of the past few years. Chairman of both CEH and Skyport, Kamil Slavik, said expansion plans for the terminal … [Read more...] about EASTERN EUROPE AIR CARGO SUPPLEMENT~ Skyport’s new owner unveils strategy and growth plans
EASTERN EUROPE AIR CARGO SUPPLEMENT~ EasternAir Cargo on the fast track
The Russian carrier will deploy a brand new Ilyushin freighter IL-96-400T (transport) beginning at the end of April linking the German city with Guangzhou, Nanjing and Tianjin in China. The aircraft is capable of lifting up to 83.5 tonnes, but has a limited range of 5,200 km when fully loaded which makes intermediate stops necessary. In this case it will be the Russian capital’s Vnukovo airport, Atlant-Soyuz’s home base, where the plane will land for refueling purposes en route … [Read more...] about EASTERN EUROPE AIR CARGO SUPPLEMENT~ EasternAir Cargo on the fast track
EASTERN EUROPE AIR CARGO SUPPLEMENT~ Russia extends overflight rights for Lufthansa, again
Russia has again extended the right to cross Russian airspace to Lufthansa Cargo (LH Cargo) until 31 March 2008. The deadline set by the Russians originally was supposed to end 29 February. Now a further extension was conceded in order not to disrupt the ongoing bilateral talks between the German and Russian governments on this politically sensitive issue. So far these meetings have been held in an “atmosphere of conciliation and mutual understanding,” stated a spokesman from … [Read more...] about EASTERN EUROPE AIR CARGO SUPPLEMENT~ Russia extends overflight rights for Lufthansa, again
EASTERN EUROPE AIR CARGO SUPPLEMENT~ Czech Air optimistic about its first Asian service
While the weekly Prague-Dubai-Hong Kong round-trip routing is being operated by an Emirates SkyCargo B747-200F, Czech Airlines Cargo (CSA Cargo) is responsible for filling more than a half of the freighter’s capacity. “Interesting opportunities are opening up for us with this product; we will off er new destinations in Asia and our income from cargo carriage will increase significantly,” said Czech Airlines’ Vice- President for Sales, Petr Rehák. “In … [Read more...] about EASTERN EUROPE AIR CARGO SUPPLEMENT~ Czech Air optimistic about its first Asian service
