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
Carriers
Kuusenmäki appointed head of cargo at Finnair
Antti Kuusenmäki will head Finnair Cargo, reporting to Juha Järvinen, Finnair SVP commercial, and managing director of Finnair Cargo. Finnair Cargo Oy is part of Finnair’s new Commercial Division including Finnair’s Commercial department as well as Finnair Travel Retail, Amadeus Finland, Suntours and SMT. As the head of cargo, Antti also joins the leadership team of Finnair’s Commercial Division. "Antti Kuusenmäki has extensive airline experience in both … [Read more...] about Kuusenmäki appointed head of cargo at Finnair
Lufthansa says pilot strike will not affect cargo
Thousands of Lufthansa flights have been cancelled after a pilots' union staged a 21-hour walkout Tuesday. The ongoing labour dispute has already cost the German carrier hundreds of millions of euros. On the other hand, the cargo arm of Lufthansa said in a press statement that it will still operate 100 per cent of its scheduled flights. Germanwings, Swiss, Austrian Airlines, Brussels Airlines and Air Dolomiti are not affected by the industrial action. Lufthansa Cargo said that flight … [Read more...] about Lufthansa says pilot strike will not affect cargo
Lufthansa Cargo turns 20
On 30 November two decades ago, Deutsche Lufthansa AG pooled its cargo activities in a separate company. This was the birth of Lufthansa Cargo. Airfreight had always been an important business for Lufthansa and its predecessor companies. But the significance of its cargo activities surged when it created an independent company. Not only did it integrate the cargo business of Deutsche Lufthansa but the cargo flights formerly performed first by German Cargo and later by Lufthansa Cargo Airlines … [Read more...] about Lufthansa Cargo turns 20
APAC airlines’ Oct airfreight demand up by 6.4%
Preliminary traffic figures for the month of October released by the Association of Asia Pacific Airlines (AAPA) showed continued growth in both international passenger numbers and air cargo demand. International air freight demand, as measured in freight tonne kilometres (FTK), grew by 6.4 per cent in October, on the back of buoyant demand for electronic goods from manufacturing hubs in North Asia. Combined with a more modest 3.8 per cent increase in offered freight capacity, the average … [Read more...] about APAC airlines’ Oct airfreight demand up by 6.4%
Xiamen Air to carry SF Express’ goods
Xiamen Airlines, a carrier based in Xiamen, Fujian province, signed a contract with SF Express Group to carry the logistics company's goods on the carrier's routes from Beijing starting Thursday. The airline will carry 6,000 tons goods for SF Express in 2015 and the volume will increase by 20 per cent annually during the contract term, according to their agreement. It runs nine routes from Beijing and will open eight new routes from the capital in the next three to five … [Read more...] about Xiamen Air to carry SF Express’ goods