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India backflips to permit 74 pc cargo airline investment

: Latest News; Friday, 01 February 2008

In a major policy shift, the Indian government will allow foreign airlines to buy up to 74 per cent of Indian cargo airlines. The rules shift does not apply to passenger airlines, where investment is capped at 49 per cent.

Virgin to Russia?

: Latest News; Friday, 01 February 2008

Virgin Group says it prefers a greenfields startup if it is to partner with a Russian company to create a local airline.

ANA reports record income

: Latest News; Friday, 01 February 2008

Japan’s ANA Group posted a record consolidated net income of JPY117.9 billion on record revenue of JPY1.14 trillion for the nine month period ended 31 December 2007, a 176.9 per cent and 0.6 per cent increase respectively.

UAC now rebranded under AMI umbrella

: Latest News; Thursday, 31 January 2008

Following the acquisition of freight consolidator UAC by Air Menzies International in April 2007, all of the company’s nine operations have now been re-branded under the AMI banner.

Air-sea differentials worsen

: Latest News; Thursday, 31 January 2008

Airlines and industry commentators alike are tipping more ocean competition.

MASKargo into Delhi

: Latest News; Thursday, 31 January 2008

Malaysia Airlines’ MASKargo intends to launch an initial twice-weekly Kuala Lumpur - Delhi freighter service this year.

Boeing kicks off 777F assembly

: Latest News; Thursday, 31 January 2008

Boeing has started assembling its first 777 Freighters and now has 80 orders including eight (on a lease deal through Deucalion Capital) from AeroLogic, the joint venture airline owned by Lufthansa Cargo and DHL Express. Valued at US$2 billion (catalogue), the eight 777 Freighters were for Iceland’s Avion Group, but that order was cancelled and the planes transferred to Deucalion.

Emirates promotes Houston to daily service

: Latest News; Thursday, 31 January 2008

Emirates will increase its thrice weekly service between Dubai and Houston, Texas, USA to daily frequency from tomorrow, 01 February.

Open skies pact to boost air freight

: Latest News; Wednesday, 30 January 2008

Cargo airlines will benefit from a move by Singapore, which has concluded three bilateral Open Skies Agreements (OSAs) with Scandinavian countries including Denmark, Norway and Sweden.