Air France-KLM posted a narrower than expected fourth quarter loss this week after capping staff costs and cutting capacity as it awaits for elusive signs of a recovering in passenger andcargo traffic. Europe’s largest airline by revenue reported a fiscal fourth quarter net loss of €505 million (US$698.3 million) and a full-year net loss of €814 million compared with a €1.4 billion full year profit a year earlier, as a result of the ongoing global economic … [Read more...] about EUROPE & CIS: AF-KLM posts narrower loss than expected
asia cargo news
EUROPE & CIS: Cargoitalia set to return to the skies
Cargoitalia – the Italian all-cargo airline being re-launched under the new ownership of ALIS – has taken delivery of the first of three MD11SF freighters, which has a 90 tonne payload and 3, 600 nautical miles range. The first aircraft was formerly operated by Alitalia Cargo, and is currently undergoing certification with Italy’s civil aviation authorities. After this, it will enter commercial service. The second aircraft (EI-UPE) is scheduled to arrive … [Read more...] about EUROPE & CIS: Cargoitalia set to return to the skies
MIDDLE EAST: Bahrain Air outsources cargo biz
Bahrain Air, the country’s fi rst privately owned carrier, has announced the signing of a joint venture agreement appointing Addax WLL of Bahrain to operate its cargo division from 1 June 2009. The carriers said the move was in line with its strategy of diversifying and offering innovative and affordable products to its customers. … [Read more...] about MIDDLE EAST: Bahrain Air outsources cargo biz
MIDDLE EAST: RJ and MK team up for Middle East cargo
Royal Jordanian and UK-based MK Airlines have agreed to cooperate in developing air freight services in the Middle East region, in particular through Jordan the Levant region (the northern portion of the Arabian Peninsula roughly comprising Israel, Jordan, Lebanon, Palestinian Territories, andSyria). The memorandum of understanding sets out the intention of the two carriers to cooperate to improve fleet utilisation by complementing each other’s route networks, air freight handling … [Read more...] about MIDDLE EAST: RJ and MK team up for Middle East cargo
MIDDLE EAST: Emirates defi es skeptics, posts 21st annual profit
Defying the naysayers, the Emirates Group has continued its unbroken string of annual profit, posting for the 21st consecutive year, a net profit of AED 1.49 billion (US$406 million) for the year ending 31 March 2009. Clearly not escaping the economic crisis however, the figure was down a whopping 80.4 per cent from last year’s record profi ts of AED 5.0 billion ($1.37 billion). Revenues rose 9.9 per cent to AED 44.2 billion ($12 billion) from AED 40.2 billion ($10.95 billion) in … [Read more...] about MIDDLE EAST: Emirates defi es skeptics, posts 21st annual profit
PAKISTAN: Cabot delivers B737-200s to Shaheen Air
UK-based aircraft trader, Cabot Aviation has announced that the second of seven Boeing 737-200 aircraft bought by Sharjah-based KAL Aviation from Aerotrans Leasing Limited has been delivered to Karachi-based Shaheen Air International. Shaheen Air International, which operates domestic f light s and international flights to the Gulf region, is leasing the aircraft from KAL Aviation which purchased them earlier this year in a transaction arranged by Cabot Aviation. All seven aircraft were … [Read more...] about PAKISTAN: Cabot delivers B737-200s to Shaheen Air