Australia's competition regulator has started court action against Thai Airways International, part of an ongoing investigation into alleged price fixing in the air cargo industry. The Australian Competition and Consumer Commission (ACCC) said in a statement on Wednesday that it alleges that between 2001 and 2006, Thai Airways entered into arrangements or understandings with other international air cargo carriers in specific countries that had the purpose or effect of fixing the price of fuel … [Read more...] about Oz competition authority goes after Thai
Air Forwarding
New code share for Asiana and Continental
Asiana Airlines and Continental Airlines have announced a new alliance partnership effective from 15 December this year. The code share operations between the two airlines will cover five international routes and 13 domestic routes inside the US. … [Read more...] about New code share for Asiana and Continental
Airline exec confidence returns
Airline executives expect improved results and a rebound in cargo volumes in the coming year, a "turning point" for a sector closely linked to economic trends, a survey released on Monday showed. The International Air Transport Association (IATA) said confidence had grown markedly among major carriers in Asia, Europe and the Americas. "This does look like a turning point," IATA said of the quarterly business confidence poll. … [Read more...] about Airline exec confidence returns
DHL, Cathay ink cargo security partnership
DHL Global Forwarding and Cathay Pacific Airways have signed a memorandum of understanding (MOU) for a Security Partnership Programme. Under the MOU, DHL Global Forwarding will further enhance the security of high-value freight for customers, including pharmaceutical, fashion or high-technology that are pre-alerted as requiring special loss prevention measures, the company said. … [Read more...] about DHL, Cathay ink cargo security partnership
Airfreight continues to pad HK trade
The latest figures from Hong Kong's Census & Statistics Department indicate a growing importance of the airfreight industry in the territory as a proportion of overall trade. The trade value of air cargo rose to 35 per cent of overall trade last year from 30 per cent in 2003 with cargo throughput at Hong Kong International Airport standing at 3.63 million tonnes last year. Hong Kong remains the largest air cargo hub in the world, followed by Seoul, Tokyo, Paris and Frankfurt. … [Read more...] about Airfreight continues to pad HK trade
Boeing reports $1.6 billion loss in Q3
The Boeing Co’s troubled 787 and 747-8 programmes, along with the global economic recession dragged down its third-quarter earnings, causing the company to report a US$1.6 billion loss Wednesday. “We look forward to getting the 787 and 747-8 in the air soon and moving forward with flight test and certification for these two important programmes,†said Jim McNerney, Boeing’s chief executive. Last month, Boeing disclosed a $1 billion charge on its delayed 747-8 … [Read more...] about Boeing reports $1.6 billion loss in Q3