“This is clearly the worst recession since 1930s and we thought history wouldn’t repeat itself, but it did and here we are in the middle of it,†he said noting that March and April saw the worst cargo volumes thus far. “I think we’re over the bottom,†the SkyCargo boss said with some optimism citing the visible stability in the stock markets over the past few months. “We’re starting to see a slowing of decline and I’m … [Read more...] about Emirates cargo boss hopes for ‘U’ shaped recovery
Emirates SkyCargo
SIA/Emirates ordered to cooperate with investigation
Singapore Airlines and Emirates have been forced by the Australian Competition and Consumer Commission (ACCC) to cooperate in the ACCC's investigation into price-fixing after a Federal Court judge ruled that air cargo bound for Australia from overseas was not beyond the definition of a "market in Australia" under the Trade Practices Act. The airlines also lost the argument that the ACCC had failed to consider the burden imposed on the airlines in providing the documents, which cover a six-year … [Read more...] about SIA/Emirates ordered to cooperate with investigation
Emirates predicts cargo recovery starting from 3Q
Despite the precipitous declines of the past few months, Emirates SkyCargo is predicting a recovery in cargo volumes in the last quarter of 2009. "The dramatic fall was in November and December," said Emirates SkyCargo senior vice president Ram Menen. "There will be stability in the next four to five months and some semblance of growth in the last quarter of 2009," he told reporters Dubai recently. While global freight volumes were 22.1 per cent below their 2008 levels for February, according to … [Read more...] about Emirates predicts cargo recovery starting from 3Q
Emirates takes delivery of first B777 Freighter
Emirates SkyCargo has taken delivery of its first Boeing 777 Freighter, making it the second carrier to begin operating the newest generation freighter on the market, after Air France-KLM Cargo took delivery of its first in late February. The freighter arrived in Dubai after completing its inaugural commercial flight from Hong Kong. The carrier took delivery of the new-generation freighter at Boeing’s Everett, Washington facility and from there it went directly to Hong Kong where it … [Read more...] about Emirates takes delivery of first B777 Freighter
