Tree more cargo carriers – Cargolux, Nippon Cargo Airlines and Asiana Airlines – have agreed to pay criminal fines totalling US$214 million for their role in a global price fixing conspiracy. Additionally, Asiana was charged with fixing the passenger fares on flights from the US to Korea from as early as 2000. Cargolux will pay a fine of $119 million; Nippon Cargo, $45 million; and Asiana, $50 million. In addition, three senior air cargo industry executives agreed to serve … [Read more...] about EUROPE & CIS: Three more carriers nabbed for price fixing
asia cargo news
EUROPE & CIS: Demand driving new Asian Aeroflot-Cargo services
Citing “demand growth and market recovery” in the Asian region, Aeroflot-Cargo is adding new services and expanding existing ones, including a new Hong Kong – Mumbai service which will be a part of rotation Hahn – Moscow – Hong Kong – Mumbai – Moscow – Hahn. Aeroflot-Cargo is now holding traffic rights for every segment on this route and the flights will be operated with its MD-11F.Aeroflot-Cargo said the introduction of main deck capacity was due … [Read more...] about EUROPE & CIS: Demand driving new Asian Aeroflot-Cargo services
INDIA: Boeing opens Indian R&D centre
Boeing has announced the opening of its Boeing Research & Technology- India centre in Bangalore which will carry out continued collaboration with Indian R&D organisations, including government agencies and private sector R&D providers, universities and other companies. The centre will coordinate the work of more than 1,500 technologists, including 100 advanced technology researchers, from across India on projects that include aero structures, aerodynamics and electronic networks. … [Read more...] about INDIA: Boeing opens Indian R&D centre
Martinair exec latest to face jail over price-fixing
A Dutch executive with Martinair will serve eight months in jail and pay a US$20,000 fine for his part in an international air cargo price-fixing conspiracy, the US Justice Department said. Franciscus Johannes de Jong, aka Frank de Jong, formerly the vice president of cargo sales in Europe, agreed to plead guilty to fixing air cargo rates as part of a global conspiracy that ran from 2002 to 2006, the Justice Department said. De Jong and his co-conspirators "engaged in a conspiracy to fix the … [Read more...] about Martinair exec latest to face jail over price-fixing
Air China profits and may sell-off China East stake
Air China Ltd has reported profits of CNY 981 million (US$143.7 million) in the first quarter of 2009, after incurring a loss of CNY 9.15 billion, including CNY 7.47 billion from fuel hedging losses, in the full year 2008. After the third quarter 2008 plunge in the global air market, Air China slashed its capacity on European and US routes by more than 40 per cent, focusing instead on domestic routes. China National Aviation Holding Company (CNAHC), parent company of Air China, is also … [Read more...] about Air China profits and may sell-off China East stake
CentrAfrique Air Express B737 freighter crashes
News services are reporting that a Boeing 737 cargo aircraft has crashed and burned early this morning near Kinshasa, the capital of the Democratic Republic of Congo. Reports indicate the twin-jet, possibly belonging to CentrAfrique Air Express, took off from Brazzaville in the Congo and was headed for an interim stop in Nairobi en route to Harare, Zimbabwe. The flight originated in the Central African Republic city of Bangui. … [Read more...] about CentrAfrique Air Express B737 freighter crashes
