Jet Airways suspends all flights after funds shortage

Jet Airways grounded all flights till further notice after they were not able to generate confidence with banks & lenders for interim funding .

As per airlines spokesperson the emergency funds from lenders or bank is not forthcoming resulting into airlines disability to pay for fuel & other critical services to keep airlines operational.

Jet airlines had a fleet of 123 aircraft but none of them operational as of date .

Last month it had £900 million of debt  & chairman Mr. Naresh Goyal along with his wife Anita Goyal resigned from the board of directors .

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Cargojet network expansion

Canada’s Cargojet is expanding its domestic air cargo network from the beginning of April.
Cargojet, operating overnight services across North America plus global charters, has a total freighter fleet of 24 aircraft, including the recent introduction of five B767-300ERFs, three B767-200ERFs and one B757-200ERF.
The carrier did not outline in detail the extent of the network expansion.
Ajay Virmani, Cargojet’s president and chief executive, said “With additional overnight frequencies; more direct flights; and wide-body freighter service to ten major Canadian cities, this new enhanced air cargo network will provide our customers with the consistent operational reliability that they demand.”
Dr Virmani added: “As demand for premium air cargo services continues to grow, especially in response to e-commerce business activity, Cargojet will continue to expand our range of value-added services and overall capacity available to our customers.”

Source : http://www.aircargonews.net/news/single-view/news/cargojet-network-expansion.html

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LOT Cargo starts flights to US and Canada

LOT Cargo has launched a New York – Warsaw – New York freight route with a special all cargo Boeing 767-300 aircraft operated by a Canadian company Cargojet Airways.
This year, flights are scheduled for January-April and October-December.
For January and March, the company has planned weekly flights departing from New York (JFK) on Saturdays and from Warsaw on Sundays.
For February, two flights per week have been scheduled with an additional flight from Warsaw on Thursdays.
The offer is designed for clients and agencies from not only Poland, but also neighbouring countries, such as the Czech Republic, Slovakia, Hungary, Austria, Germany, Belarus and Lithuania, as well as Switzerland, Denmark, Romania and Italy - a frequent source of streams of goods.
Together with its partners, LOT Cargo offers also further connections to all US and Canadian airports.
LOT decided to use a freight aircraft due to a limited number of passenger flights in the winter season, especially in February, resulting in limited air cargo and mail possibilities.
Each flight with a dedicated aircraft can take additional 48 tons of goods. Another advantage of air cargo transport is the possibility to accept larger parcels with height up to 240 cm (94.5 in), whereas passenger aircraft can only take crates with height up to 160 cm (63 in).
LOT Cargo also offers flights on customer's order providing exclusive solutions. In previous years, LOT chartered such cargo as bulls or money.
LOT is the leading cargo transporter from Poland to Chicago, New York and Toronto. First all cargo aircraft flights commenced in 2009.

Source : http://air.logistics-business-review.com/news/lot-cargo-start-flights-to-us-and-canada-4495566

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