Archive for the ‘Cargo’ Category

Lufthansa managed the decline

FLEXIBLE  manipulation  of  its capacity has allowed Lufthansa Cargo  to arrest the decline in tonnage carried  in  the  second quarter of  this year. The company transported 0.8 per cent  less cargo and mail in June than in the  same month in 2012. There was a 3.5  per  cent  decline ...

July 23rd, 2013 | Cargo | Read More

Cathay loses out as cargo demand dwindles

Cathay  Pacific  Airways  has  lost market  share  on  European  cargo  routes as freight rates sink on weak  demand from the troubled euro zone. The carrier expects the overcapacity  problem  in  the  cargo  market  will  only be corrected in the last quarter  of the year, reported...

July 23rd, 2013 | Cargo | Read More

Dubai A’port: Cargo traffic dips; Passenger traffic up

Passenger traffic at Dubai Airport jumped 14 % in January from a year earlier, buoyed by holiday season demand, but cargo shipments fell, Dubai Airports said. The world’s fourth busiest airport for international passenger and cargo traffic handled 4.85 million passengers last month, up from 4.25...

March 20th, 2012 | Cargo, Default | Read More

Railways raises loading rates

The Indian railways has announced in increase of between 10-15 per cent on loading charges for several commodities. It also scrapped a four per cent exemption on loading charges for fertilizer and food grains. The new rates came into effect starting 5 March. The department had increased freight rate...

March 20th, 2012 | Cargo, Default | Read More

Air India goes seamless In Cargo operations

Cargo operations of Air India would now on be seamless for its entire domestic and global network with the introduction of a single automated solution for both the two erstwhile state-run carriers. The airline was operating cargo carriage on third-party hosted  systems earlier. While it was one system...

March 20th, 2012 | Cargo, Default | Read More

Direct fuel import to hit States’ revenue

Direct import of aviation fuel by private Airlines will cut down the tax revenue of around Rs.2,500 crores to the Government annually. “Although the Centre has protected their revenues, the move will impact revenues of states,” Bihar Deputy Chief Minister Sushil Kumar Modi, who heads a panel...

March 20th, 2012 | Cargo, Default | Read More

Cayman Company to acquire Gopinath’s Deccan 360

A Cayman Islands-domiciled private equity fund has offered a package deal which could result in it acquiring Deccan 360, the ailing air cargo operator founded by lowcost aviation pioneer G R Gopinath, a person directly involved in the negotiations said. Redclays Capital has offered to help raise $50...

March 20th, 2012 | Cargo, Default | Read More

The e-freight: project surpassed the IATA board target

The e-freight figures were recently published for 2011 revealing that the project surpassed the IATA board target for the year. It was an ambitious year for the efreight worldwide community with a target of 10% penetration on trade lanes that went live at the end of 2010. By December 2011, the target...

March 20th, 2012 | Aviation, Cargo, Default | Read More

It is wake up call for Mihan

Competition is assured once Multimodal International Hub and Airport at Nagpur (MIHAN) is ready to take off.. Hyderabad-based GMR which has taken over that city’s airport has massive plans to enter cargo hub business. Its advantage over Nagpur is already developed infrastructure. GMR claims due...

February 27th, 2012 | Cargo, Default | Read More

Cargo on the growth curve

Cargo firms, while passenger traffic was sluggish during 2011. Take for example financials for the year ended March 2011. While all airlines posted a 20%-plus growth in revenue, their profits were severely battered. Jet Airways posted net loss of 86 crore, while Kingfisher’s was 1,027 crore. Goods...

February 26th, 2012 | Cargo, Default | Read More
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