After boosting cargo revenues by 35 per cent to US$162 million in the third quarter of 2008, US carrier Delta has signalled its intention to focus on non-passenger services.
The International Air Transport Association (IATA) results for November show a 4.6 per cent drop in international passenger traffic and a 13.5 per cent drop in international cargo.
Beijing Capital International Airport (Capital Airport) of China reportedly is to sell 24 per cent of its stake in International Cargo Transport (ICT). Air China is the controlling shareholder of ICT and has first rights to purchase the stake.
FedEx ceo Fred Smith has agreed to take a 20 per cent pay cut as part of the company’s cost-cutting program. Other executives will see their incomes drop by 10 per cent.
Ireland’s Independent.ie media says flag carrier Aer Lingus’ chief executive Dermot Mannion will be paid EUR2.8m in cash by the company if the Ryanair bid (or any other bid) for Aer Lingus succeeds and he leaves the company.
After boosting cargo revenues by 35 per cent to US$162 million in the third quarter of 2008, US carrier Delta has signalled its intention to focus on non-passenger services.
The International Air Transport Association (IATA) results for November show a 4.6 per cent drop in international passenger traffic and a 13.5 per cent drop in international cargo.
Beijing Capital International Airport (Capital Airport) of China reportedly is to sell 24 per cent of its stake in International Cargo Transport (ICT). Air China is the controlling shareholder of ICT and has first rights to purchase the stake.
FedEx ceo Fred Smith has agreed to take a 20 per cent pay cut as part of the company’s cost-cutting program. Other executives will see their incomes drop by 10 per cent.
Ireland’s Independent.ie media says flag carrier Aer Lingus’ chief executive Dermot Mannion will be paid EUR2.8m in cash by the company if the Ryanair bid (or any other bid) for Aer Lingus succeeds and he leaves the company.