The global air cargo market reported impressive growth last year, marking the first upswing in the market following a long period of stagnation. The result, fear many environmentalists, will lead not merely to the growth of the global air cargo market but also contribute significantly to the increase in CO2 emissions. Analysts predict that more emissions will be produced from freight cargo than passengers by 2050. The International Transport Forum (ITF) has provided figures estimating that … [Read more...] about Air cargo CO2 emissions to increase 411% by 2050
Cathay
Hong Kong: Cathay looks at major network restructuring
Cathay Pacific Airways is looking at a possible major revamp of its network and fleet than previously disclosed, according to a memo sent to employees last week by CEO Tony Tyler. Tyler bleakly warned that the airline likely won’t “emerge unscathed” from the industry downturn. “These are extremely difficult times for the aviation industry, and I’m sorry to say there doesn’t appear to be any light at the end of the tunnel just yet,” he added. He … [Read more...] about Hong Kong: Cathay looks at major network restructuring
