Boeing reported third-quarter net income of US$1.1 billion, up 61 per cent over a net profit of $694 million a year earlier, insisting the delays to the 787 Dreamliner programme will have only minimal financial impact beyond a slight decrease in projected 2008 revenue. Chairman, President and CEO, Jim McNerney and Chief Financial Officer James Bell projected that the six-month slide in delivering the 787 will cause a $3.5 billion drop in next year’s revenues. Yet they reaffirmed that … [Read more...] about AMERICAS: Boeing earnings up 61%
cargo aviation
AMERICAS: Air Canada slaps fee on late ULD return
Effective 1 October Air Canada is billing forwarders and shippers who do not return ULDs (unit load devices) within five days. The daily demurrage charges range from US$6 to $75. Prior to removing a unit from an Air Canada Cargo terminal, drivers have to sign a ULD control receipt, which has to be handed in when the unit is returned to the carrier. The drivers also sign that the unit is in good condition. Severely damaged ULDs incur charges that range from $15 for missing or damaged straps … [Read more...] about AMERICAS: Air Canada slaps fee on late ULD return
AMERICAS: Case for Atlantic Canada hub
A Cnd $200,000 report, commissioned by the Atlantic Canada Opportunities Agency, makes a case that Canada’s Atlantic region should be further developed as an entry point into North American markets for goods and services from global markets, in particular, China, Southeast Asia and the Indian subcontinent. “The business case report makes it very clear that if Canada is to capture increased trade opportunities, we need to position ourselves to capitalize on the projected increased … [Read more...] about AMERICAS: Case for Atlantic Canada hub
AMERICAS: New Arizona cargo hub
Hoping to emulate the success of Los Angeles International Airport’s lucrative cargo business Arizona businessmen and officials plan to turn Williams Gateway Airport into an international cargo hub. Williams Gateway, which became Phoenix-Mesa Gateway Airport on 15 October, is being positioned as a potential international player for direct-air freight deliveries to and from international markets, according to the Arizona Republic. To enhance creation of the airport’s … [Read more...] about AMERICAS: New Arizona cargo hub
AMERICAS: TAM extends cargo reach to Germany
Brazilian carrier TAM will launch its first daily direct service from Sao Paolo to Frankfurt with an A340-500 from 30November 2007. With effect from 1st November 2007, General Sales and Service Agent (GSSA), Air Logistics Group will provide all sales, service and support functions for TAM’s cargo operation in Germany. “We are delighted to have the opportunity to further develop our partnership with TAM in Germany and to play such an integral part in the cargo development of … [Read more...] about AMERICAS: TAM extends cargo reach to Germany
EUROPE/CIS: SAS goes to Dubai
Scandinavian Airlines (SAS) began flights to Dubai on 31 October with three weekly non-stop services from Copenhagen using Airbus A340 aircraft. The new route to Dubai offers onward connections to Bahrain, Doha (Qatar), Jeddah (Saudi Arabia), Kuwait, Muscat(Oman), and Tehran (Iran). “There has been a significant increase of interest in destination Dubai, both amongst businessmen and leisure travellers, which has encouraged us to invest in Dubai and the Middle East,” said Lars … [Read more...] about EUROPE/CIS: SAS goes to Dubai
