Member airlines of the Association of Asia Pacific Airlines (AAPA) saw average cargo load factor up at 66.6 per cent as a result of a 5.9 per cent reduction on flown capacity. However, the members also reported a drop in international air cargo traffic of 5.5 per cent in July.
Australian transport and logistics company Toll Holdings trousered a A$225 million gain on the sale of its rail and ferry business to the New Zealand government, according to its annual profit report.
UK travel group TUI Travel says it is in talks with Germany’s Lufthansa and UK’s Thomas Cook Group about a possible merger of their charter and low-cost airlines.
US carrier Delta has opened two new European offices for its Europe, Middle East and Africa (EMEA) cargo operations, one located at Frankfurt airport, Germany and the other in Paris, France.
The Italian government wants to shift ailing carrier Alitalia’s debts into a new company and then declare it bankrupt, leaving the ‘liquid’ parts of the airline ready for a debt-free relaunch, despite advice that this action is likely to constitute illegal state aid under European Community rules.
The US Department of Transportation says it will not block express carrier DHL in its attempt to hire United Parcel Service to handle its domestic air cargo and also to dump incumbents ABX Air and Astar Air Cargo.
Member airlines of the Association of Asia Pacific Airlines (AAPA) saw average cargo load factor up at 66.6 per cent as a result of a 5.9 per cent reduction on flown capacity. However, the members also reported a drop in international air cargo traffic of 5.5 per cent in July.
Australian transport and logistics company Toll Holdings trousered a A$225 million gain on the sale of its rail and ferry business to the New Zealand government, according to its annual profit report.
UK travel group TUI Travel says it is in talks with Germany’s Lufthansa and UK’s Thomas Cook Group about a possible merger of their charter and low-cost airlines.
US carrier Delta has opened two new European offices for its Europe, Middle East and Africa (EMEA) cargo operations, one located at Frankfurt airport, Germany and the other in Paris, France.
The Italian government wants to shift ailing carrier Alitalia’s debts into a new company and then declare it bankrupt, leaving the ‘liquid’ parts of the airline ready for a debt-free relaunch, despite advice that this action is likely to constitute illegal state aid under European Community rules.
The US Department of Transportation says it will not block express carrier DHL in its attempt to hire United Parcel Service to handle its domestic air cargo and also to dump incumbents ABX Air and Astar Air Cargo.