UK-based Carousel Logistics which is headquartered in Kent has tak-en over time critical spare parts supplier BDA Logistics Innovation for an undisclosed purchase price. The move strengthens Carousel’s po-sition in mainland Europe, the UK and Ireland, says the company. Read more >>
Florian Pfaff, Lufthansa Cargo’s Vice President Germany leaves Frankfurt to become Vice President Asia Pacific for the German carrier. This was announced by Lufthansa Cargo today (21
March). He follows Australian national Frank Naeve in this position.
Naeve, who exits the cargo arm of the German airline, has been appointed Lufthansa Group Vice President Airline Sales for The Americas, based in New York. Read more >>
The Indian government of premier Narenda Modi, which is facing a general election in the coming two months, has asked state-run banks to swap debt for equity in Indian carrier Jet Airways and thus save the struggling airline, several media report. They indicate that major shareholder Etihad Airways is apparently contemplating exiting the troubled carrier. Read more >>
Today, the cargo arm of the German carrier presented its second best financial results ever, with the adjusted EBIT for 2018 reaching 263 million euros, up 5 million euros on 2017.
Subsidiaries such as Jettainer, PACTL, time:matters or JV AeroLogic contributed 37 million euros to the carrier’s 2018 earnings.
However, profits won’t continue to rise at this rate forever, seen by the many challenges the entire industry is facing in 2019. Read more >>
The Hungarian capital’s airport Budapest Liszt Ferenc has been making a name for itself during the past couple of years with their expansion plans and good passenger and cargo results. They have also tied up with Düsseldorf and Hamburg airports in order to combine synergies on marketing and sales strategies, as well as making inroads into China. Read more >>
There was a nasty shock for the airport handling crew when offloading an Iranian B747-200 freighter at Doha Airport on Saturday night. Either someone was not watching out or did not read the manual for offloading a freighter of this size. Read more >>
Singapore Post Ltd. (SingPost) is likely to wind down or sell its loss-making U.S. e-commerce business after conducting a strategic review of the unit, a Bloomberg survey reported. Read more >>
Ground handling agent Frankfurt Cargo Services, a WFS-Fraport joint venture (51 / 49%), is happy about a new prominent customer: the cargo divisions of the IAG Group of airlines. The cargo arm of IAG decided to leave agent LUG and sign a service contract with its competitor FCS instead. The transition of responsibilities at Rhine-Main airport will take place at the beginning of June. Read more >>
UK-based Hermes Logistics Technologies (HLT) which was founded in 2002 and develops and installs cargo management systems for airport cargo handlers as well as airlines, is further on the road to expansion. This has been evidenced by the beefing up of their UK and Indian teams recently announced by the management. Read more >>
IN BRIEF - THE LATEST AIR CARGO INDUSTRY NEWS Read more >>
A local rule that would bring a fairer treatment of cargo carriers at AMS Schiphol Airport will not be in place by this coming summer season. CargoForwarder Global spoke exclusively with Managing Director Maarten van As and Director Innovation and Compliance Ben Radstaak about the slot saga limiting cargo traffic at one of the leading European airports. Read more >>
AMS needs to take a more selective approach in the further development of its cargo business. This is evidenced by the latest capacity and slot problems, claim managers Maarten van As and Ben Radstaak of the umbrella organisation Air Cargo Netherlands. Read more >>
