25.07.2014 |
THE decision by Russian airline Aeroflot to scrap its dedicated
freighters business last year is the reason for a 36 per cent
year-on-year slump in its cargo business in 2014.
“Switching to belly cargo operations in 2013 is the main reason that
cargo and mail carried decreased 36.0 per cent year-on-year to June
2014,” says a statement.
In the first six months of this year the company expanded its fleet,
including 13 new A320s, two new B737-800s and six new B777-300ERs.
“The...
Sunday, July 27, 2014
The Middle East-based logistics company's half-year 2014 revenues
increased to US$0.45 million [AED 1,768 million], up seven per cent on
the corresponding period of 2013.
Net profits rose to $43.4 million, an increase of 13 per cent.
“Following a robust first-quarter performance, strong momentum in the business continued through Q2,” says a statement.
The results include a one-off cost of $1.54 million for the acquisition of Australia’s Mail Call.
During the period, broad-based...
Thursday, July 24, 2014
Panalpina saw improved group level profitability in the first half
of 2014 as air freight volumes grew four per cent over prior year.
However, the Switzerland-based global logistics operator said that
unit profitability in both the air and ocean freight segments was
affected by a “challenging market”.
While air freight rates “remained under...
Sunday, July 6, 2014
C.A.L. Cargo Air Lines Ltd., Israel's boutique air cargo company which provides air cargo services worldwide, has announced the signing of an agreement to dry lease a B747-400F and the purchase of a B747-400ERF, both with nose and side doors.The B747-400F will be introduced to C.A.L.'s network in September this year and the second aircraft will come into service two months later.The B747-400F has maximum payload of 112,630 kg and maximum range of 4,445 nautical miles (8,230 km). The B747-400ERF...
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