Gulf Air, which is owned by the governments of Bahrain and Oman, has announced plans to restructure it network to improve connections to all centres in the Gulf and the Middle East region. As a consequence, Gulf Air will stop operating to Jakarta and fi ve other heavy-loss-making long haul routes effectiveJuly 1. Gulf Air president and chief executive André Dosé said the airline, which is currently making heavy operational losses, had looked at ways in which the fl eet and resources can be … [Read more...] about MIDDLE EAST: Gulf Air to restructure network
airways cargo
SRI LANKA: SriLankan Cargo launches Jeddah flight
SriLankan Cargo has launched a twice weekly service to Jeddah. Perishable goods and construction-related cargo exporters in South Asia and the Far East now have access to a third Saudi Arabian city, with SriLankan Cargo starting theservice. The first commercial flight from Colombo touched down at the King Abdulaziz International Airport on March 27. The Airbus A340 operating a commercial service, offers 13,500 kg or 96 cubic metres of cargo capacity to Jeddah. SriLankan Cargo head Nalin … [Read more...] about SRI LANKA: SriLankan Cargo launches Jeddah flight
SRI LANKA: Exporters forced to use air freight
Sri Lankan exporters are faced with a shortage of space on container ships for their shipments to Europe after several shipping lines diverted some of their services to India, forcing them to use air freight. Shippers who fail to fi nd space on container ships are forced to air freight their shipments the cost of which can be 75 percent more than sea freight. Big lines like Maersk, UASC, K-line and Norasia have shifted some of their services to Nava Sheva, in Mumbai, reducing available … [Read more...] about SRI LANKA: Exporters forced to use air freight
INDIA: DHL to restructure India joint venture
DHL plans to restructure its joint venture with Lemuir Group in India, paving the way for it to hold the majority stake in the venture, the Economic Times reported. After the restructuring, DHL will hold a 76 percent stake in the new company, DHL Lemuir Logistics Private Ltd, while Lemuir will hold the balance 24 percent stake. Lemuir’s new promoters have agreed for a cash exit option for their reduced stake. In the previous joint venture, DHL Danzas & Lemuir, DHL and Lemuir had a 49 … [Read more...] about INDIA: DHL to restructure India joint venture
INDIA: Jet Airways buys Air Sahara
Jet Airways, which last month acquired Air Sahara for INR14.5 billion rupees (US$340 million), will see its market share of India’s domestic market increase to about 50 percent. The carrier last month unveiled major re-branding initiatives for both carriers, including a fl eet expansion to support Jet’s international services that eventually will incorporate an orderfor 10 787s. Press reports quoted chairman, Naresh Goyal as saying that Jet is renaming Air Sahara Jetlite and will … [Read more...] about INDIA: Jet Airways buys Air Sahara
NEW ZEALAND: Airwork to start cargo airline
New Zealand aviation company Airwork said it will soon launch a cargo airline in Australia, apparently beating Virgin Blue to the deal. The airline, using three Boeing 737Fs, will fl y freight throughout Australia for listed logistics company Toll Holdings, which in New Zealand owns Toll Rail and the Cook Strait Interislander. Airwork managing director Hugh Jones said the company was to sign the fi nal regulatory documents at the end of last month. Two of the 737-300Fs were due to … [Read more...] about NEW ZEALAND: Airwork to start cargo airline