Lufthansa Cargo and Deutsche Post subsidiary DHL are on the brink of founding a new cargo airline. The provisional name of the project, that has been secretly discussed between both enterprises since a number of months,is “NewCo” (New Company). According to internal sources it will be a 50/50 joint venture, headed by Lufthansa Cargo manager Thomas Papke and starting operations from 2009 onwards. By then the fi rst freighters of a fl eet of ten aircraft are expected to be … [Read more...] about EUROPE: DHL, LH Cargo to form new airline

India's state-owned national carrier, Air India, has decided to delay the resumption of its freighter operations until this month. The airline had earlier said that it would launch freighter services to the Gulf and European destinations from 15 June. Air India will launch its freighter services with two freighter conversions of its A310 passenger aircraft, while EADS has been contracted to convert four more A310s. An initial service will link Dammam, Paris and Frankfurt with more … [Read more...] about INDIA: Air India delays freighter launch

Transmile has started regular fl ights to Riverside airport in the Greater Los Angeles area, its second US destination in addition to the US service from Malaysia via Hong Kong that was launchedlast year. The Malaysian cargo airline launched its Riverside service with fi ve MD-11F fl ights a week. “I expect them to go up in three months. They’ll keep the schedule for the fi rst three months to see how it goes and then add service,” said Mark Yeager, general manager of the … [Read more...] about MALAYSIA: Transmile adds DHL hub to US network

Air cargo carrier Transmile Group Bhd, which is facing investigations by the Malaysian authorities over an accounting scandal, said its accounts were hit worse than expected and had slashed its market value by half, Malaysian Business Times reported. The paper also reported that Transmile Group Bhd’s founder and chief executive offi cer, Gan Boon Aun, had relinquished his post voluntarily with immediate effect following the recent disclosure of irregularities in the company’s … [Read more...] about MALAYSIA: Transmile audit shows losses in 2005, 2006