The Indian government has said it will help bail out the ailing state-owned carrier, Air India, but said it must restructure and cut costs and asked the National Aviation Company of India Ltd (Nacil) to present a restructuring plan for Air India within 30 days. The restructuring would include infusion of equity, a possible voluntary retirement scheme to reduce the current 31,000 head count, independent directors on the board and a rejig of top management to get the ailing state airline out of … [Read more...] about INDIA: Air India bail out, but with conditions
asia cargo news
PHILIPPINES: Cebu increases A320 orders
Philippines-based Cebu Pacific has increased its outstanding A320 orders to 15, with a new firm order for five aircraft. The new aircraft are scheduled for delivery from 2013 and will join an existing A319 and A320 fleet flying on the low cost carrier’s domestic and regional route network. The initial batch of 10 aircraft is scheduled for delivery between 2010 and 2013. … [Read more...] about PHILIPPINES: Cebu increases A320 orders
AUSTRALIA & NZ: NZ Bloodstock adds two Oz-NZ flights
New Zealand Bloodstock Airfreight has announced the addition of two new scheduled flights with weekly services from Auckland to Christchurch and Christchurch to Sydney. “Our new service to Christchurch will make racing in the South more accessible to North Island trainers while the Sydney flight aims to better connect the South Island with the Australian market,†said NZB’s airfreight managerGreg Northcott. BRUNEI: Brunei’s first dedicated cargo carrier … [Read more...] about AUSTRALIA & NZ: NZ Bloodstock adds two Oz-NZ flights
AUSTRALIA & NZ: ATSG airlines launch services for Qantas & DHL
Air Transport Services Group, Inc. announced it has commenced a new wide-body freighter service for Qantas Freight between Australia and New Zealand, and for DHL between Europe and Africa. ATSG said its subsidiary Air Transport International (ATI) is scheduled to begin providing wide-body ACMI (Aircraft, Crew, Maintenance and Insurance) service for Qantas Freight between Australia and New Zealand under a twoyear agreement starting 15 June. ATI’s Boeing 767-200-SF will allow … [Read more...] about AUSTRALIA & NZ: ATSG airlines launch services for Qantas & DHL
AUSTRALIA & NZ: Air freighting of Australian livestock surges
Australia’s livestock air freight exports have grown 150 per cent in value over last year according to the latest figures from LiveCorp which said growing demand for genetics from emerging livestock-producing nations is behind the record number of Australian sheep, goats and cattle exported by air. LiveCorp said the number of sheep, cattle and goats as air freight from Australia last year rose 45 per cent to 97,717 head while their value increased almost 150 per cent to A$33.15 … [Read more...] about AUSTRALIA & NZ: Air freighting of Australian livestock surges
CHINA: Universal sells cargo agency business
Figures released by the Kuala Lumpurbased Universal Travel Group announced plans to sell its air cargo agency subsidiary, Shenzhen Speedy Dragon Enterprise Ltd., that it acquired in the second quarter of 2007, to focus on its core business segments with higher profit margins. … [Read more...] about CHINA: Universal sells cargo agency business