Malaysia's Ministry of International Trade and Industry (MITI) and Ministry of Transport (MoT) are working with freight industry to resolve issues over Malaysia Airlines Cargo's (MASKargo) raising of its shipping and handling fees. The Airfreight Forwarders Association of Malaysia (AFAM) has complained to the government over MASKargo’s intention to raise its fees beginning 1 June. MITI secretary general Rebecca Fatima Sta Maria said she has written a letter to AFAM and requested that the … [Read more...] about Forwarders raise concerns over MASKargo fees
MASkargo
MASkargo sees 16% improvement in yield
Malaysia Airlines has ridden the economic updraft and returned to profitability in the first quarter, with increased cargo volumes and passengers, along with compensation from Airbus over delivery delays of its A380 superjumbos. The carrier announced its January-March net profit of RM310 million (US$97 million) , an improvement of more than RM1 billion from a loss a year earlier. Revenue surged 21 per cent to RM3.3 billion, including some RM329 million in compensation it received from Airbus. … [Read more...] about MASkargo sees 16% improvement in yield
MASkargo deal with Southern for 3 B747Fs
Southern Air and Malaysia Airlines Cargo (MASkargo) have announced that they have entered into a multi-year, multi-aircraft wet lease agreement. Southern Air initially will provide MASkargo with three Boeing 747 Freighters along with crew, maintenance and insurance. MASkargo also has an option to lease up to five aircraft, which will provide it additional flexibility to meet its customers’ growing demand for additional lift capacity and to develop the ability to service new markets. … [Read more...] about MASkargo deal with Southern for 3 B747Fs
MAS faces Australian price fixing charges
The Australian Competition and Consumer Commission (ACCC) has instituted proceedings in the Federal Court against Malaysia Airlines and its wholly-owned cargo subsidiary MASkargo. Malaysia Airlines is the 13th carrier to be investigated in ACCC proceedings for alleged price fixing in the air cargo industry. The ACCC alleges that between 2001 and 2006, the carrier and its cargo arm entered into arrangements or understandings with other international cargo airlines that had the purpose or effect … [Read more...] about MAS faces Australian price fixing charges
MASkargo hit by price fixing complaint in US
Malaysia Airlines (MAS) has been served with a complaint by a US court over allegations of price fixing on US cargo shipments. MAS said its offices in the US were served with the complaint, which was filed by Benchmark Export Services and six other plaintiffs against MAS and 11 other defendants. "The case involves allegations of price fixing on airfreight shipping services and related surcharges," it said, adding it was seeking legal advice in relation to the complaint … [Read more...] about MASkargo hit by price fixing complaint in US
MASkargo to upgrade cargo complex
Malaysia Airlines Cargo (MASkargo) plans to invest 100 million ringgit (US$30 million) to upgrade the material handling system of its cargo handling complex at Kuala Lumpur International Airport (KLIA) over the next four years, according to MASkargo. "Although the business environment remains challenging, we in the industry are expecting 2010 to be less volatile with moderate growth forecasted," said MASkargo managing director Shahari Sulaiman. Sulaiman said the upgrade would commence in … [Read more...] about MASkargo to upgrade cargo complex
