Cash-strapped Air Canada has cleared the last hurdle in its attempt to avoid a second bankruptcy filing, following the carrier's last holdout union approval of a new labor contract that contains no raises or pension payments for 21 months. Canada's main airline, a unit of ACE Aviation Holdings Inc., now has wage and pension agreements with all five of its Canadian unions that will save Air Canada precious cash and more importantly meet the conditions neccesary for getting new financing. "These … [Read more...] about Air Canada clears last labour hurdle
asia cargo news
Four Indonesian carriers off EU 'black-list'
The European Commission has released its eleventh update of the Community’s list of airlines banned in the European Union with good news for four Indonesian carriers which have been removed from the so-called 'black-list'. "We cannot afford any compromises in air safety, we have to remain vigilant; citizens have the right to fly safely every where in the world" said European Commission vice president Antonio Tajani announcing the revised list. "We will not accept that airlines fly at … [Read more...] about Four Indonesian carriers off EU 'black-list'
“Brutal” cargo market, but AF-KLM cargo stabilising
The head of Air France-KLM said last week that Europe’s biggest airline is considering part-time jobs or temporary layoffs to combat the “brutal†situation in cargo and passenger demand. "Air France-KLM must remain competitive. I haven't excluded temporary lay-offs. We will watch very closely. These measures should allow us to avoid affecting employment," he said. “We don’t see the slightest bright spot. The reduction in demand in cargo is brutal,†… [Read more...] about “Brutal” cargo market, but AF-KLM cargo stabilising
Cargo decline slows in June at Frankfurt
Europe’s busiest air cargo hub, Frankfurt airport, has reported a slowing decline in cargo traffic in June. Frankfurt handled 148,211 tonnes of cargo in June, a 16.5 per cent drop from a year earlier that followed year-on-year declines of 17.1 per cent and 24.9 per cent in May and April respectively. The improved June figure still left cargo volumes in the first half of the year 21.4 per cent down on the same period in 2008 at 822,469 tonnes compared with 1.05 million tonnes a year … [Read more...] about Cargo decline slows in June at Frankfurt
Heathrow sees June cargo improvement
London Heathrow reported a drop in cargo traffic of 14.5 per cent in June from a year ago to 103,400 tonnes, an improvement on the 19.2 per cent drop in May. London Stansted, similarly reported a traffic drop of 14.8 per cent in June to 15,271 tonnes, a slight improvement on the 15.4 per cent decline in May. London Gatwick’s plummeting cargo volumes accelerated to -32.7 per cent for a total of 5,169 tonnes from a 21.5 per cent decline in May. Gatwick is set to lose further market … [Read more...] about Heathrow sees June cargo improvement
No repeat of May’s up-tick for Lufthansa
Lufthansa Cargo’s freight volumes fell 14.1 per cent in June to 128,000 tonnes from a year ago, similar to other European cargo carriers, but ending a brief burst of optimism in May when its volumes improved to only a -9.1 per cent drop year-on-year. The drop in June volume left traffic in the first six months of the year down 20.1 per cent from the same period last year at 694,000 tonnes. "In the air freight sector... the market environment remained weak in June," Lufthansa said. The … [Read more...] about No repeat of May’s up-tick for Lufthansa