Despite early signs of a recovery, Lufthansa Cargo is reportedly planning to reduce its workforce by 10 per cent in 2010 in response to the steep declines in freight revenue and traffic in 2009 which pushed Lufthansa Cargo US$300 million into the red in the first nine months of the year from a $240 million profit in the same period in 2008. Europe’s second largest scheduled cargo carrier said it will trim around 450 jobs worldwide through voluntary early retirement, severance … [Read more...] about EUROPE & CIS: Lufthansa Cargo to see more job cuts
asia cargo news
EUROPE & CIS: Pegasus appoints Leisure Cargo in Germany
Pegasus Airlines has appointed Leisure Cargo as the carrier’s cargo GSA for sales within Germany. Leisure Cargo will focus on the marketing of belly capacity to, and in transit via the carriers’ hub in Istanbul. Based at Istanbul Sabiha Gökcen airport, Pegasus Airlines provides direct scheduled services from Germany to five destinations in Turkey with a fleet of three Airbus A319-100, two Airbus A320-200, two Boeing 737-400, three Boeing 737-500 and 14 Boeing 737-800. … [Read more...] about EUROPE & CIS: Pegasus appoints Leisure Cargo in Germany
AUSTRALIA: Expanded air services between Oz & China
A new air services agreement promises more competition and flights between Australia and China with an expected boost in capacity by as much as 70 per cent by the end of 2010. Included in the agreement was the opening up of more 5th freedom routes and a shared commitment to commencing negotiations aimed at concluding an ‘open skies’ agreement. … [Read more...] about AUSTRALIA: Expanded air services between Oz & China
"Panda Express" delivers siblings to Chengdu
Two giant pandas received a complementary ride from the US to Chengdu, China last month courtesy of FedEx Express. Tai Shan, a four-and-a-half-yearold male panda born at the Smithsonian’s National Zoo in Washington, D.C., and Mei Lan, a three-year-old female panda born at Zoo Atlanta, landed at China’s Chengdu Shuangliu Airport aboard a custom-decaled FedEx 777 Freighter, dubbed the ‘FedEx Panda Express’. Upon arrival, the pandas were transported to … [Read more...] about "Panda Express" delivers siblings to Chengdu
GAC partners AT&T Williams F1 team
Global logistics company, the GAC Group, has entered into a partnership agreement with the top Formula One (F1) motor racing team, AT&T Williams, to develop cost efficient logistics services in support of their efforts to meet the demands of an industry-wide cost reduction programme. Under the agreement, GAC will provide efficient logistics support in connection with the company’s Formula One freight requirements and oversee the management of the equipment for a challenging … [Read more...] about GAC partners AT&T Williams F1 team
Cathay and Air China ink air cargo JV
Cathay Pacific Airways and Air China have set up an air-cargo joint venture in China, according to a joint statement by the carriers on Thursday, finalising an agreement after discussions lasting nearly four years. The joint venture will be 51 per cent owned by Air China and make use of the mainland Chinese carrier's existing air-cargo unit, Air China Cargo, as a platform. Cathay will have a 25 per cent equity stake and an indirect 24 per cent stake through an offshore trust. The agreement will … [Read more...] about Cathay and Air China ink air cargo JV