Air Cargo News.Aug 13, 2007 Cargo business to see a lot of action in India. Six airlines to take off in the next 18 months, infrastructure constraints remain. Lured by the massive expansion of India's trade, more than six cargo airlines plan to start operations in the country in the next 18 months. Apart from Air India Air India (formerly Air-India, Hindi: एअर इंडिया) is the national flag carrier of India with a worldwide network of passenger and cargo services. (post-merger) and Jet Airways Jet Airways (India) Ltd. is an airline based in Mumbai, India, operating domestic and international services. It operates over 330 daily flights to 50 destinations across the country and 6 overseas. , both of which will have dedicated cargo units, start-ups like Flyington Freighters Flyington Freighters is a start-up all-cargo airline based in Hyderabad, India. It plans to operates services in the India to China market. Services were to be launched in December 2006, but this has been delayed until mid-2007. The airline is owned by Deccan Holdings. and non-scheduled cargo operators like Aryan Cargo Express and Air Cargo Express are planning to start operations by the end of this year. Aug 6, 2007 ABX Air ABX Air, Inc. today reported solid financial results compared with the second quarter of 2006, as pre-tax earnings from its rapidly growing, higher-margin air charter business more than offset reductions in pre-tax earnings from its commercial agreements with DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature . Aug 9, 2007 ABX Air, Air China, Boeing ABX Air yesterday agreed to purchase a Boeing 767-200ER from Air China and convert it to a freighter for long-haul international operations. The Wilmington, Ohio-based cargo carrier projected the total cost to purchase, modify and put the aircraft into revenue service at approximately $23 million. ABX ABX Antibiotics ABX Airborne Express ABX Abstracting ABX Albury, New South Wales, Australia - Albury (Airport Code) ABX Automatic Branch Exchange ABx Non-Antibiotics ABX Asset Backed Securities Index ABX Acoustic Bass Extension primarily operates as a DHL subservice carrier in the US but is eager to grow non-DHL operations outside North America. "We continue to expand our presence in the ACMI charter industry and look forward to adding this aircraft to our 767s already deployed with ACMI customers serving the South American and Asia/Pacific markets," President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Joe Hete said. The 767 will be delivered to ABX Air in the fourth quarter and then sent to VEM VEM Versatile Exercise Mine (US Navy) VEM Volume Electronic Mail (Canada Post Corporation) VEM Virtual Electron Microscope VEM Value Engineering Manager VEM Value Estimation Model Maintenance & Engineering in Brazil for cargo conversion. It is expected to enter service in the second quarter of 2008, likely becoming the 43rd 767 in ABX's fleet. Aug 7, 2007 Astar Air Cargo ASTAR Air Cargo is an American cargo airline based in Miami, Florida, USA. It operates regularly secheduled cargo charter services to over 34 US airports and nine international airports, as well as worldwide charter freight services. , DHL Astar Air Cargo reached agreement to purchase two DC-8-73 freighters in its current fleet that it had been leasing from Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. . The aircraft are dedicated to Astar's DHL operation. Aug 8, 2007 Atlas Air, Polar Air Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo Polar Air Cargo is an American cargo airline based in Purchase, New York, USA. It operates scheduled all-cargo services to Asia, Europe, Australia, New Zealand and the Americas. Its main base is John F. , posted second-quarter net income of $43.2 million, more than four times the $10.7 million profit earned in the year-ago quarter. It credited a 16% fleet reduction and "active asset management" for the improvement and pointed to a $27.7 million lowering in income tax expense owing to a tax benefit related to DHL's purchase of a 49% equity interest and 25% voting stake in Polar, a transaction that closed in the quarter. "Our future is bright," President and CEO William Flynn said. "We expect strong growth in demand." Aug 9, 2007 FedEx FedEx Express will build a new ramp and sorting facilities at the Cologne Bonn Airport Cologne/Bonn Airport (German: Flughafen Köln/Bonn, also called Konrad-Adenauer-Flughafen or Flughafen Köln-Wahn) (IATA: CGN, ICAO: EDDK in Germany in 2010, the company said Monday. Aug 6, 2007 Finnair, Aeroflot Cargo Finnair has eight Airbus A330/340s plus four options, 11 A350 XWBs and six Embraer E-190s still on order. Seven MD-11s have been sold to Aeroflot Cargo and will be transferred in 2008-2009. It also warned that six of its seven labor agreements are set to expire at the end of the current quarter. Aug 10, 2007 Fraport Fraport AG increased its stake in the company operating Lima's Jorge Chavez International Airport to 100% from 42.75%. The German company said it will sell off 40% of the airport to Peruvian investors and the World Bank investment fund. Fraport purchased the outstanding stake from a consortium led by US construction firm Bechtel. LIM reported revenue of around [euro]80 million ($109.4 million) and processed approximately 6 million passengers last year, up from the 4 million it handled when Fraport entered the market in 2001. Aug 6, 2007 Pacer International Shares of logistics provider Pacer International rose Friday after a UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System analyst upgraded the stock, suggesting shares have reached a low that could mark a good entry point for investors. Aug 10, 2007 UPS United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world. said Thursday it named Teresa Finley chief financial officer for international operations and Rich Peretz vice president of finance. Aug 9, 2007 ZZ Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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