China Airlines and EVA Airways Corp, Taiwan's top two air carriers, will park some of their B747 freighters in the Californian desert, as a result of the global economic downturn. As the cargo load factor has fallen to below 65 per cent from 75 per cent, CAL and EVA intend to store three and two Boeing 747 cargo planes in the desert, respectively, the first time the nation¡¯s air carriers have decided to put planes in storage because of disappointing operating results. Both carriers said they … [Read more...] about China Air and EVA park freighters
global recession
Lufthansa Cargo goes to short working hours
Lufthansa Cargo has taken an unusual step in getting agreement from about 2,600 ground staff employed by Lufthansa Cargo in Germany to go on short-time working from 1 March 2009. A company agreement to this effect was signed on Thursday in Frankfurt by the Lufthansa Cargo Executive Board and the Works Council. The envisaged measures will enable the company to adapt its staffing capacities flexibly to accommodate declining demand in the air cargo business, Lufthansa Cargo said. Under the terms of … [Read more...] about Lufthansa Cargo goes to short working hours
Cargo to decline 5% at Singapore’s Changi
Cargo traffic at Singapore's Changi airport is expected to fall by 5.1 per cent in 2009, to 1.77 million tonnes in 2009, from 1.85 million tonnes, according to a Reuters report. Singapore's Senior Minister of State, Ministry of Finance & Ministry of Transport, Lim Hwee Hua, told parliament the global financial crisis started taking a toll on Changi's traffic in the fourth quarter of 2008, but "the full impact of the global downturn can be expected to be felt in 2009". … [Read more...] about Cargo to decline 5% at Singapore’s Changi
Cathay and Dragonair continue to suffer
January continued the downward plunge for Cathay Pacific Airways and Dragonair whose combined traffic figures for the month indicated another hefty fall in cargo and mail tonnage. The two airlines carried a total of 101,154 tonnes of cargo and mail last month, down 26 per cent on January 2008, while capacity, measured in available cargo/mail tonne kilometres, fell by 15.9 per cent. The cargo and mail load factor dropped by 4.5 percentage points to 59.1 per cent. … [Read more...] about Cathay and Dragonair continue to suffer
Cargo to decline 5% at Singapore's Changi
Cargo traffic at Singapore's Changi airport is expected to fall by 5.1 per cent in 2009, to 1.77 million tonnes in 2009, from 1.85 million tonnes, according to a Reuters report. Singapore's Senior Minister of State, Ministry of Finance & Ministry of Transport, Lim Hwee Hua, told parliament the global financial crisis started taking a toll on Changi's traffic in the fourth quarter of 2008, but "the full impact of the global downturn can be expected to be felt in 2009". … [Read more...] about Cargo to decline 5% at Singapore's Changi
Thai aircargo plummets 50% in Jan
Air cargo volumes in Thailand slumped by almost 50 per cent in January as the global financial crisis continued to hurt exports. Total outbound cargo in the final three months of 2008 fell to 107,249 tonnes, compared with 140,074 tonnes a year earlier, Dow Jones reported. "The January figures were worse than what we expected with outbound volume falling by almost 50 per cent from a year earlier," said Kasem Jaliyawatwong, president of the Thai Airfreight Forwarders Association. Thailand's air … [Read more...] about Thai aircargo plummets 50% in Jan
