NCA slapped with ‘Business Improvement Order’ as limited flights continue

A month after the Nippon Cargo Airlines (NCA) halted all flight operations due to problems with its aircraft maintenance records, Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLITT) issued a “Business Improvement Order” for violating safety procedures under the Civil Aeronautics Law of Japan. When the violations first came to light in mid-June, NCA […]

Cargolux posts $18.3m loss in 2011

Sluggish freight traffic in the Asia-Pacific, staggering fuel prices, and delays in Boeing 747-8F deliveries crippled Cargolux’s performance in 2011, according to company officials. In addition to reporting a net loss of $18.3 million, the Luxembourg-based freight carrier decreased capacity by 1.3 percent, year-over-year, on a load factor decline of 2.5 percent.
  • Staff Reports
  • March 30, 2012

EU fines freight forwarders €169 million

The European Commission has levied €169 million in fines to 14 freight forwarding groups for conspiring to fix cargo surcharges, among other activities, from 2002 to 2007. The U.S. Department of Justice has so far slapped 22 carriers and 21 airline executives with similar charges.
  • Staff Reports
  • March 28, 2012

Changi Airport to launch cargo incentive program

Singapore’s Changi Airport Group is launching an S$15 million initiative to boost airfreight volumes in the Asia-Pacific. Beginning April 1, freighters landing at Changi Airport will receive a 20-percent fee rebate, while cargo tenants leasing property at the Changi Airfreight Center will enjoy rental rebates of up to 20 percent.
  • Staff Reports
  • March 28, 2012

Five questions with … Elizabeth Shaver

The U.S. Air Transport Association got a facelift in December when it rebranded as Airlines for America. The new name better conveyed the aviation sector’s vital role in connecting the U.S. to the global economy, A4A officials said. No one can better attest to this fact than Elizabeth Shaver, who was named director of cargo […]
  • Staff Reports
  • March 28, 2012

2012 Air Cargo Excellence Awards

Emirates SkyCargo, Qatar Airways and Southwest Airlines each received platinum awards in their respective tonnage categories at Air Cargo World’s annual Air Cargo Excellence awards ceremony last month at the Shangri-La Hotel in Kuala Lumpur. Carriers were rated on customer service, performance, value and information technology. Ted Stevens Anchorage International Airport, Frankfurt Airport and nine […]
  • Staff Reports
  • March 28, 2012

IATA slashes 2012 profit forecast

The International Air Transport Association has downgraded its global profit forecast for 2012 from $3.5 billion to $3 billion amid escalating fuel prices. It’s a number that could have been significantly lower, had cargo markets not stabilized and the U.S economy not improved, according to an IATA press release.
  • Staff Reports
  • March 28, 2012

Cargo for a cause: The logistics of saving lives

More than two years have lapsed since a magnitude-7 earthquake rocked Haiti, but the nation is still reeling from the crisis. Thousands of miles to the east, the impoverished Horn of Africa is also in turmoil, devastated by war and famine. While these situations tend to elicit public sympathy and little more, some companies are […]
  • Staff Reports
  • March 28, 2012

Air China sees 42 percent decline in 2011 profit

Operating expenses and jet fuel cost rose 28.77 percent and 44.02 percent, year-over-year, for Air China in 2011, leaving operating profit down 42.73 percent when compared to 2010.
  • Staff Reports
  • March 27, 2012

AA Cargo details expansion plans

Despite filing for bankruptcy in late November, American Airlines is in expansion mode, AA Cargo President Dave Brooks told Air Cargo World. Brooks, who also served as a discussion panelist for the “Doing Business with Latin America” session at AirCargo 2012, revealed that Latin America and Asia are key regions of focus.
  • Staff Reports
  • March 27, 2012

Heavyweight stretches out in Latin America

After looking at South America through a microscope, examining taxation and regulatory issues in each country, Heavyweight Air Express will soon begin expansion into Chile, Colombia and Central America. The firm recently set up offices in Sao Paulo and Buenos Aires.
  • Staff Reports
  • March 27, 2012

Airbus officials to invest €2 billion in R&D

Airbus officials recently announced in Brussels that the European manufacturer will invest nearly €2 billion in environmental research and development. Christian Scherer, the company’s head of strategy and future programs, added that they will also hire 4,000 new skilled workers this year.
  • Staff Reports
  • March 27, 2012