Representatives of the Polish government are currently holding talks with Chinese investors for the possible sale of some stake in the state airline LOT, Deputy Prime Minister Mateusz Morawiecki announced on 3 August. A Polish newspaper reported that Chinese carrier Air China is planning to buy a 49-per cent stake in LOT as representatives of the Chinese firm are scheduled to arrive in Warsaw in the following days. "LOT is our national carrier, which we are trying to save no matter the cost. … [Read more...] about Air China said to be interested in 49% stake in LOT Polish Airlines
Carriers
Lufthansa Cargo becomes an official Premium Partner of the German Equestrian Federation (FN)
On the back of 30 years of experience in the transportation of jumpers, dressage horses and racehorses, Lufthansa Cargo has announced it will by a Premium Partner of the German Equestrian Federation (FN), the umbrella organisation of all breeders, riders, drivers and vaulters in Germany. The partnership is for a longer-term cooperation and, from now onwards, will cover joint marketing activities, projects and synergies connected with equestrian sport. “For us, the new partnership with the … [Read more...] about Lufthansa Cargo becomes an official Premium Partner of the German Equestrian Federation (FN)
Atlas Air’s Amazon service to take flight this quarter
ACMI specialist, Atlas Air Worldwide Holdings posted 2016 second-quarter net income of US$20.6 million, down 27.5 per cent from the $28.4 million net profit the company reported a year earlier. The drop is a result of the group’s preparation for its contract with e-commerce giant, Amazon, to operate 20 freighters on its behalf. US-based Atlas Air Worldwide is parent company to Atlas Air, Southern Air Holdings and Titan Aviation Holdings, and majority owner of Polar Air Cargo. “The second … [Read more...] about Atlas Air’s Amazon service to take flight this quarter
Atlas Air's Amazon service to take flight this quarter
ACMI specialist, Atlas Air Worldwide Holdings posted 2016 second-quarter net income of US$20.6 million, down 27.5 per cent from the $28.4 million net profit the company reported a year earlier. The drop is a result of the group’s preparation for its contract with e-commerce giant, Amazon, to operate 20 freighters on its behalf. US-based Atlas Air Worldwide is parent company to Atlas Air, Southern Air Holdings and Titan Aviation Holdings, and majority owner of Polar Air Cargo. “The second quarter … [Read more...] about Atlas Air's Amazon service to take flight this quarter
Denis Ilin resigns from AirBridgeCargo
Denis Ilin, the much-respected executive president of AirBridgeCargo, has resigned after three years heading up the carrier during which time the Moscow-based maindeck player underwent tremendous growth including the confirmation of an order just last month for 20 B747-8Fs. Ilin started his management career in AirBridgeCargo as director of operations and from 2006 to 2008 he worked as general director of the airline and later rejoined AirBridgeCargo team in 2013 in the position of executive … [Read more...] about Denis Ilin resigns from AirBridgeCargo
Garuda slips into loss in 1H, but cargo up 8%
Garuda Indonesia has returned to the red, posting US$63.2 million in losses in the January-June period of the year, compared with $29.3 million in profits it enjoyed in the corresponding period last year. The company’s revenue, meanwhile, fell by 4.1 per cent to $1.76 billion from $1.84 billion last year. Garuda Indonesia president director Arif Wibowo said various factors had contributed to the decline, including the deployment of new aircraft and global economic growth coming in below … [Read more...] about Garuda slips into loss in 1H, but cargo up 8%