China's Air China is set to buy East Star Airline and also is negotiating with Cathay Pacific and China Eastern subsidiary China Cargo Air to establish a joint venture cargo airline in Shanghai, according to a report in Chinastakes.com. Air China chairman Kong Dong, who also is general manager of Air China Group, Air China's parent company, said the buyout deal - with the nine plane, 10 route East Star Airline - would be finalised soon. East Star is believed to owe Hangzhou Xiaoshan Airport more … [Read more...] about Air China eager to set up Shanghai cargo carrier
Carriers
China’s cargo traffic down 28% in Feb
China's air cargo traffic volume declined 28 per cent year-on-year in February due to the deepening global economic crisis, Li Jiaxiang, director of the Civil Aviation Administration of China (CAAC), said according to a Chinadaily.com report. … [Read more...] about China’s cargo traffic down 28% in Feb
China's cargo traffic down 28% in Feb
China's air cargo traffic volume declined 28 per cent year-on-year in February due to the deepening global economic crisis, Li Jiaxiang, director of the Civil Aviation Administration of China (CAAC), said according to a Chinadaily.com report. … [Read more...] about China's cargo traffic down 28% in Feb
New Latin American services for SIA Cargo
In the face of persistent industry gloom, Singapore Airlines Cargo has commenced B747-400 freighter flights to the Brazilian city of Sao Paulo, Quito in Ecuador, and Bogota in Colombia. The cargo division began operating the services from 7 February under a special approval granted by the aviation authorities in these countries. … [Read more...] about New Latin American services for SIA Cargo
MASKargo may slash cargo capacity again
Malaysia Airlines (MAS) may slash another 20 per cent of its cargo capacity in the coming months following a cut of 23 per cent year-on-year since the fourth quarter of the 2008 financial year ended 31 December. That aggressive cut helped to bolster MAS' cargo load factor at 65.6 per cent in the fourth quarter, with yield of 90.4 sen (US$0.25) per load tonne km, compared with the load factor of 64 per cent and yield at 91.8 sen per load tonne km in the corresponding period a year ago. But taken … [Read more...] about MASKargo may slash cargo capacity again
Alitalia Cargo deal close to conclusion
The sale of the cargo unit of Alitalia is nearing a conclusion according to the bankruptcy administrator of Italy's national airline. Augusto Fantozzi said he expects to sign a contract with Alis, the owner of Cargoitalia, another private Italian all-cargo carrier, within a week which will see Alis pay nearly US$18 million for the former Alitalia Cargo, but this does not include planes or take off and landing slots, Fantozzi said. Alitalia Cargo's five MD-11 freighters were grounded in January … [Read more...] about Alitalia Cargo deal close to conclusion