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Schenker opens Frankfurt hub

: Latest News; Wednesday, 22 July 2009

DB Schenker has held an opening ceremony for its new European air freight hub at Frankfurt Airport, Germany.

Forward Air reports 76 pc profit drop

: Latest News; Wednesday, 22 July 2009

Forward Air Corporation, which provides air freight services to cargo carriers and airlines, has given a third-quarter outlook of revenue falling between 15 per cent and 20 per cent compared to a year ago. The company also reported a 76 per cent drop in second-quarter profit.

2009 airfreight tipped to fall 20 per cent

: Latest News; Tuesday, 21 July 2009

European logistics group Kuehne & Nagel International says its second-quarter net profit slid 16 per cent after drops in demand for both seafreight and airfreight forwarding.

Mueller new Aer Lingus ceo

: Latest News; Tuesday, 21 July 2009

Ireland’s Aer Lingus Group has named Christoph Mueller as ceo to replace Dermot Mannion, effective October 1.

EC confirms Austrian offer

: Latest News; Tuesday, 21 July 2009

The European Community says it has “received a new offer from Lufthansa in the context of its ongoing in-depth investigation of Lufthansa's proposed takeover of Austrian Airlines. The Commission will study the offer carefully but cannot make any further comment at this stage".

Lufthansa-Austrian deal closer?

: Latest News; Tuesday, 21 July 2009

A new proposal from prospective buyer Lufthansa has raised hopes for European Commission approval of the German carrier's Austrian Airlines takeover.

BA to raise GBP630m

: Latest News; Tuesday, 21 July 2009

UK carrier British Airways plans to raise more than GBP600m - GBP300 million by selling convertible bonds and GBP330 million in bank guarantees – after it warned it might not have enough liquidity to survive the economic downturn.

Bailout for Air India

: Latest News; Tuesday, 21 July 2009

India’s state-run carrier Air India is set for a government bailout after a slump in air travel left it unable to pay salaries and buy planes.

Cargojet links with SkyLink

: Latest News; Tuesday, 21 July 2009

Cargojet Income Fund plans to expand its regional cargo business through a partnership with SkyLink Express using its Canadian subsidiary Prince Edward Air, which will own 55 per cent of the partnership with Toronto-based SkyLink Express owning the remaining 45 per cent.