Eight air cargo carriers including South African Airways Cargo face allegations of fixing the price of fuel surcharges and freight rates for cargo flown in and out of South Africa. The South African Competition Commission has asked the country's Competition Tribunal to impose an administrative penalty of 10 per cent of annual turnover on each of the carriers involved. Other cargo carriers facing price fixing allegations include British Airways World Cargo, Air France Cargo, KLM Cargo, Alitalia … [Read more...] about South Africa's turn for price-fixing allegations
Cargolux
Price-fixing investigation spreads to SA
South Africa's Competition Commission has referred eight air cargo carriers to the Competition Tribunal for alleged collusive behaviour that took place over a ten-year period, from 1996 to 2006. The companies face allegations of fixing the price of the fuel surcharges and include: British Airways, South African Airways Cargo, Air France Cargo-KLM Cargo, Alitalia Cargo, Cargolux International, Singapore Airlines, Martinair Cargo and Lufthansa Cargo. Further, Lufthansa, Cargolux, Air France, and … [Read more...] about Price-fixing investigation spreads to SA
World Air to operate B747-400F for Cargolux
World Airways, a subsidiary of Global Aviation Holdings has signed an agreement with Cargolux to operate one Boeing 747-400 freighter aircraft on a full-time basis beginning October 2010 through June 2011. "World Airways is proud to be a service provider to such an established, quality cargo carrier, and we look forward to an excellent partnership between our two companies," said Hendrik Falk, VP cargo sales for Global Aviation Holdings. … [Read more...] about World Air to operate B747-400F for Cargolux
Cargolux reports dire 2009 results
Cargolux reported a 2009 net loss of US$153 million, nearly triple its $61 million deficit in 2008, with revenue dropping 34 per cent to $1.3 billion as the global air cargo market contracted severely. "2009 was arguably the most difficult year in the history of airfreight," Europe's largest all-cargo airline said in a statement. "The industry registered a decline in freight volume of well over 20 per cent during the year compared to 2008," which led to overcapacity with "dire consequences for … [Read more...] about Cargolux reports dire 2009 results
Cargolux outsources ULDs to Unitpool
Cargolux, Europe's largest scheduled all-cargo airline currently operating fourteen 747-400F freighters, has announced a five-year agreement with ULD supply and management provider, Unitpool. The five-year contract, which will start mid-January 2010 and includes the sale of the Cargolux ULD fleet to Unitpool, provision of service including 24/7 ULD management across the airline's worldwide network, repairs and maintenance, and supply of ULD to secure replacement and growth. … [Read more...] about Cargolux outsources ULDs to Unitpool
First B747-8 Freighter emerges from assembly
Boeing towed the first 747-8 Freighter – destined for launch customer Cargolux – out of its Everett, Washington assembly hangar on Thursday in preparation for painting and flight testing. The 747-8 Freighter is 76.3 metres long, which is 5.6 metres longer than the 747-400 Freighter. The stretch provides customers with 16 per cent more revenue cargo volume compared to its predecessor, which translates to four additional main-deck pallets and three additional lower-hold … [Read more...] about First B747-8 Freighter emerges from assembly
