Bank of China-owned, Singaporebased lessor BOC Aviation has signed agreements with Qantas Airways of Australia for the lease of eight new Airbus A320 aircraft. Th e aircraft will be delivered new from Airbus between the third quarter of 2010 and fi rst quarter of 2011 and will be operated by the carrier’s fastgrowing low fare subsidiary Jetstar. Th e deal announced today marks the second time BOC Aviation has worked with Qantas - BOC supplied the fi rst three A320s to be operated … [Read more...] about AUSTRALIA: Jetstar leases eight A320s from BOC
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AUSTRALIA: Qantas extends wet leases of 747-400Fs
Qantas Freight Enterprises today announced that it had agreed to a six-year wet lease extension on three Boeing 747-400 Freighter aircraft leased from Atlas Air Worldwide Holdings Inc. Executive General Manager Qantas Freight Enterprises, Grant Fenn, said the agreement confirmed Qantas' long term commitment to growing its internationalair cargo business. "The operation of our dedicated freighter fleet since 2003 has been a great success. They are used to operate a mix of scheduled and … [Read more...] about AUSTRALIA: Qantas extends wet leases of 747-400Fs
AUSTRALIA: Landmark open skies for US/Australia
The US and Australia have concluded a landmark Open Skies aviation agreement that will eliminate restrictions on US-Australia air services for the carriers of both countries and clear the way for increased competition on one of the world's mostlucrative and protected long-haul routes. "Today's agreement begins a new era where American and Australian consumers, airlines and economies can enjoy the benefits of lower fares and more convenient service," said US secretary of Transportation Mary … [Read more...] about AUSTRALIA: Landmark open skies for US/Australia
Will 2008 be a ‘valley’ or a ‘canyon’?
The big question on the air cargo industry's minds is how this year is going to shape up. While virtually the entire industry is already feeling the pain of high fuel prices, yield pressure from over-capacity and modal shift to sea, along with the credit-market upheaval are already looking set to spoil the industry's short-livedparty last year where most carriers reported rosy numbers. The International Air Transport Association estimated a global airline industry profit of US$5 billion in … [Read more...] about Will 2008 be a ‘valley’ or a ‘canyon’?
SIA Cargo~ Lean, mean and ready for the turbulence ahead
It's a challenging time for air cargo carriers: Over-capacity in key markets and the US domestic slow down now rippling across the global economy are exerting intensive pressure on yields, while on the cost side, record high fuel prices are biting hard at the bottom line. While Singapore Airlines (SIA) Cargo is not immune to these pressures, a strategic review of its network and capacity management has readied the carrier for a ahead. "It's a challenging business environment," SIA … [Read more...] about SIA Cargo~ Lean, mean and ready for the turbulence ahead
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
