Qantas Airways' hopes of launching a new low-cost carrier in Hong Kong have been quashed as the territory’s Air Transport Licensing Authority (ATLA) rejected the application from Qantas to start a new budget airline – Jetstar Hong Kong – on the basis that the ultimate control of the airline would be in Australia and mainland China. Cathay Pacific and Hong Kong Airlines have been strenuously objecting to Jetstar's application and a public inquiry on … [Read more...] about Jetstar Hong Kong’s application rejected
Qantas
Virgin Australia to launch own cargo business
Virgin Australia will launch its own cargo service from 1 July following the end of its current contract with the Toll Group on 30 June. The move is a part of the Group's Virgin Vision 2017 strategy. The launch of Virgin's own cargo service will bring it in direct competition with Toll and Qantas in the air-freight market. Virgin has a strategy team in its Sydney office that concentrates on freight. The company is currently targeting revenue between US$150 million and US$200 million from its … [Read more...] about Virgin Australia to launch own cargo business
Australia’s air freight services industry grew 3.2%
Revenue for operators in the air freight services industry in Australia has grown at a CAGR of 3.2 per cent over the past five years, and is now estimated to be to be worth US$3.3 billion, according to research firm IBISWorld. It says the industry has continued to recover from poor conditions, following the financial crisis, which rocked the global aviation industry and suppressed demand for freight services. In 2014-15, industry revenue is expected to grow by 2.8 per cent, aided by strong … [Read more...] about Australia’s air freight services industry grew 3.2%
Australia’s air freight services industry grew 3.2%
Revenue for operators in the air freight services industry in Australia has grown at a CAGR of 3.2 per cent over the past five years, and is now estimated to be to be worth US$3.3 billion, according to research firm IBISWorld. It says the industry has continued to recover from poor conditions, following the financial crisis, which rocked the global aviation industry and suppressed demand for freight services. In 2014-15, industry revenue is expected to grow by 2.8 per cent, aided by strong … [Read more...] about Australia’s air freight services industry grew 3.2%
DB seeks $2.5B damages over air cargo cartel
Schenker AG, the logistics subsidiary of German railway company Deutsche Bahn (DB), will seek damages estimated at US$2.5 billion — approximately US$370 million in the US and US$2.19 billion in Germany including interest — from air cargo carriers found guilty by the US Department of Justice, the European Commission and other international authorities for operating a global price-fixing cartel. The US portion could increase to an estimated US$1.1 billion if the court awards treble … [Read more...] about DB seeks $2.5B damages over air cargo cartel
Qantas to unveil “retro” livery on B737
For the first time in Qantas’ 94 year history, the airline will introduce a "retro" livery on one of its brand new B737 aircraft as a flying tribute to 70 years of its iconic kangaroo logo. The original kangaroo symbol, that was adapted from the Australian one penny coin, was initially painted beneath the cockpit of Qantas’ first Liberator aircraft G-AGKT in 1944 following the airline’s decision to name its Indian Ocean passage the Kangaroo Service. Group executive for … [Read more...] about Qantas to unveil “retro” livery on B737