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Thai Airways fined A$7.5 million for price fixing

: Latest News; Monday, 17 December 2012

The Federal Court in Sydney has ordered Thai Airways International Public Company to pay A$7.5 million in penalties for engaging in cartel conduct in breach of the Trade Practices Act 1974 (now the Competition and Consumer Act 2010).

Qantas Freight terminals operating hours

: Latest News; Monday, 17 December 2012

Australian airline Qantas Freight has announced its operational hours for the Christmas/New Year period for its terminals in Sydney, Melbourne, Brisbane and Perth. There are slight variations in hours/conditions so please check with qantasfreight.com for applicable times for your state.

Change offers opportunities - IATA

: Latest News; Monday, 17 December 2012

The airfreight business model is failing to adapt to new and innovative forms of competition, the International Air Transport Association (IATA) has claimed, at the same time acknowledging e-freight adoption would be faster if not for the soft industry demand and tight margins.

New rules for hazardous goods

: Latest News; Monday, 17 December 2012

Hazardous cargo regulations are to be introduced in 2013 to ensure safe carriage of lithium batteries.

Large carriers benefit most from quarterly gains

: Latest News; Monday, 17 December 2012

The International Air Transport Association (IATA) says the past two quarters’ improved performance by airlines “is most evident in large airlines for which Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) averaged between 10 and 15 per cent of revenue in the third quarter of the year alone. Overall, there has been passenger traffic growth of 5.3 per cent and a three per cent improvement in yields.

SIA takes huge loss to sell Virgin shares

: Latest News; Friday, 14 December 2012

Founder Sir Richard Branson has retained control of Virgin Atlantic after a deal that will see America's largest carrier - Delta - buying the 49 per cent of shares held by Singapore's Singapore Airlines (SIA).

AirAsia orders 100 more A320s

: Latest News; Friday, 14 December 2012

AirAsia, the largest low cost airline in Asia, has placed an order for 100 more A320 aircraft. The contract is for an additional 64 A320neo and 36 A320ceo aircraft.

IATA tips steady airfreight growth

: Latest News; Friday, 14 December 2012

The International Air Transport Association's (IATA's) latest Airline Industry Forecast predicts average international freight growth of three per cent per year over the next five years, meaning volumes will total 34.5 million tonnes by 2016, 4.8 million tonnes more than in 2011.

Fraport freight up in November

: Latest News; Friday, 14 December 2012

Europe-based multi-airport operator Fraport says it handled nearly 190,000 metric tons in November 2012, the first month of growth in cargo throughput this year and up 2.1 per cent year-on-year.