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Forwarders to pay US$50.3 million

: Latest News; Sunday, 31 October 2010

Six international freight forwarding companies have agreed in the USA to plead guilty to price fixing and pay a total of US$50.3 million in criminal fines.

Virgin Atlantic shuffles cargo management

: Latest News; Sunday, 31 October 2010

Virgin Atlantic Cargo has confirmed the appointment of new regional vice presidents for Europe, Middle East & Africa (EMEA), the Americas and Asia Pacific regions with responsibility for the commercial aspects of the carrier’s in-market activities.

BA back to black

: Latest News; Sunday, 31 October 2010

UK carrier British Airways has reported pre-tax profits of GBP158 million for the six months to the end of September. In 2009, it lost GBP292 million.

Cargolux duo indicted for cartel activity

: Latest News; Sunday, 31 October 2010

Luxembourg-based cargo carrier Cargolux's chief executive, Ulrich Ogiermann has been indicted by a Miami, USA grand jury, accused of participating in an air freight cartel conspiracy to fix air freight charges.

Bomb threat causes global disruption

: Latest News; Sunday, 31 October 2010

Australia and most other western nations have stepped up screening of cargo from the Middle East after printer cartridges with wires attached were found at air cargo hubs in Dubai and England. By Sunday, many countries had banned direct flights from Yemen.

Chinese duo report Q3 gains

: Latest News; Sunday, 31 October 2010

Air China and China Eastern Airlines have reported strong Q3 results.

Haneda opens fourth runway, new terminal

: Latest News; Sunday, 31 October 2010

The new international terminal at Tokyo's Haneda airport has opened, as has a new runway, signalling the launch of international services for local and overseas airlines.

Lufthansa triples profit

: Latest News; Sunday, 31 October 2010

Germany's Lufthansa says it achieved an operating profit of EUR612 million for the nine months to end September and that its full-year result will exceed EUR800 million.