With the global economic quagmire flattening demand for aircraft, the head of Airbus SAS’s parent said carriers may be less inclined to take new aircraft in the next year or two as they grapple with the decline in global traffic, the said. “The market isn’t dead, we have some campaigns, but it’s not extremely active, that’s clear,†European Aeronautic, Defence & Space Co. chief executive Louis Gallois told Bloomberg. “It’s … [Read more...] about EADS chief says orders may be down for two years
Airports
Datamonitor: Positive economic signs a start
Positive economic indicators coming out of Europe, Asia and the US over the last ten days give reason to forecast a recovery in the global logistics and express industry. However, for global freight and parcel volumes and revenues to rebound significantly there will need to be major improvements in consumer confidence, industrial output and subsequent international trade volumes, according to new research by independent market analyst Datamonitor. … [Read more...] about Datamonitor: Positive economic signs a start
IATA: Cargo drop slowed but yield still down
The year long decline in global air cargo slowed in July but revenue and freight rates remain under intense pressure, the International Air Transport Association (IATA) said. Cargo volumes fell 11.3 per cent last month from July 2008, compared with a 16.5 per cent year-on-year decline in June and a 19.3 per cent average for the first seven months of the year, it said. Despite this improvement the July load factor, or capacity utilisation, fell to 47.6 per cent from 49 percent in July 2008. "The … [Read more...] about IATA: Cargo drop slowed but yield still down
Korean adds additional B747F to Toronto
The Greater Toronto Airports Authority (GTAA) has announced that Korean Air Cargo, the largest cargo carrier in the world, will be increasing its freighter service at Toronto Pearson. Beginning in early September, the airline will be adding a third weekly B747â€Â400F flight. “We are very happy to see this increase in service from Korean Air Cargo,†said Lloyd McCoomb, president and CEO of the GTAA. “This increased cargo offering is very good for the whole community we … [Read more...] about Korean adds additional B747F to Toronto
Dubai Airport sees only slight cargo drop
While much of the world is still realing from the sharp decline in cargo volumes, Dubai International Airport has recorded only a small decline in cargo throughput of 0.76 per cent for the first six months of this year compared with the same period last year. And, it is likely to end the year on the same levels as last year, a senior executive of Dubai Airports said. In the first half of 2009, the airport moved 874,828 tonnes of cargo compared to 2008 when it handled 1.83 million tonnes of cargo … [Read more...] about Dubai Airport sees only slight cargo drop
Miami sees bright future alongside Latin America
Miami International Airport (MIA), long regarded North America’s gateway to the Americas and a major transit hub for Latin American grown flowers and produce America, is challenged like airports worldwide. Last year the world’s 10th busiest cargo airport handled 1.92 million tonnes of cargo, but circumstances have clearly changed. “No singular economic or tragic event in the last quarter-century has demonstrated such drops in cargo activity in MIA’s … [Read more...] about Miami sees bright future alongside Latin America