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HEAVYLIFT SPECIALIST IMPROVES PROFIT AND MARKETSHARE

: Latest News; Thursday, 27 July 2006

Heavy-lift specialist Volga-Dnepr Group reported a 54 per cent increase in gross revenues to US$486.9 million from its outsized cargo and scheduled air cargo operations. Net profit for the 12 months ended 31 December 2005 was US$5.1 million.

RECORD RESULT FOR LH CARGO CHARTERS

: Latest News; Thursday, 27 July 2006

Lufthansa Cargo Charter Agency achieved a record result for the 2005 financial year. With a gross income of 86 million Euros, the charter broker was able to increase its business volume by a whopping 51 per cent compared to the previous year.

PAX AND FREIGHT GROWTH CONTINUES - IATAFREIGHT

: Latest News; Thursday, 27 July 2006

The International Air Transport Association (IATA) reports international passenger traffic grew by 6.8 per cent and international freight traffic by 5.4 per cent in February. The year-to-date passenger traffic growth of 6.4 per cent is in line with industry projections of 6.5 per cent growth in 2006. International freight traffic grew by 5.3 per cent for the first two months of the year after a period of volatility and weakness in 2005.

NEW DISTRIBUTION CENTRE OPENED IN MASCOT

: Latest News; Thursday, 27 July 2006

Australian carrier Qantas has opened its new $55 million Material and Logistics Distribution Centre at Mascot in Sydney.

FSWISS AND LUFTHANSA INK COOPERATION PACT

: Latest News; Thursday, 27 July 2006

Swiss WorldCargo and Lufthansa Cargo Charter have signed a marketing and sales cooperation agreement, enabling Swiss WorldCargo to also sell charter capacity all over the world. Lufthansa Cargo Charter now also relies on the sales force of Swiss WorldCargo.

MENZIES TAKES OVER AUSTRALIAN AIR SUPPORT

: Latest News; Thursday, 27 July 2006

Australian ground handling company Australian Air Support Pty Ltd has been taken over by Menzies Aviation (Australia) Pty Ltd., a subsidiary of Menzies Aviation plc. It is expected that formalities will be completed early April.

EXPRESS TO GET FREIGHTER UPGRADE

: Latest News; Thursday, 27 July 2006

Qantas plans to convert four B737-300 aircraft to freighters to replace aging B727 equipment for domestic freight operator Australian air Express (AaE).

TIME SAVINGS WITH NEW IMPORT DEUTIES OPTION

: Latest News; Thursday, 27 July 2006

Customers subject to import duties and taxes in New Zealand can reduce their customs clearance and delivery time by taking advantage of the option to pay import duties to New Zealand Customs directly through a new service from FedEx.
To access the scheme a customer needs to apply to New Zealand Customs for “Deferred Payment Scheme” (DPS) approval and advise FedEx of their DPS account number. Deferred Payment customers can then settle duties and taxes payable on their entire month's transactions with a single payment.

GERMAN TRANSPORT MINISTER TO OPEN FIATA CONGRESS

: Latest News; Thursday, 27 July 2006

The German minister of Transport, Wolfgang Tiefensee, will deliver the opening speech at the main forum of the FIATA World Congress 2006 at Shanghai, China.