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Air Cargo News.

Apr 21, 2008

The amount of cargo handled by U.S. airlines has dropped to its lowest level in four years. The decline is a result of soaring fuel prices and the weaker U.S. economy. Experts note that cargo carriers are diverting freight from their planes and sending more cargo by motor freight and rail. Apr 17, 2008

European Commission issued a revision of its list of banned airlines, the seventh update since establishment of the blacklist in March 2006. Newcomers are Ukraine Cargo Airways (the third Ukrainian airline after Volare Airlines and Ukrainian Mediterranean Airlines) and Hewa Bora Airways of DR Congo. HBA previously was allowed to operate a single aircraft under a special arrangement that has ended. Garuda Indonesia also remains on the list. Following the update, nine individual airlines and all carriers from Equatorial Guinea, Indonesia, Kyrgyzstan, Liberia, Sierra Leone, Swaziland and DR Congo are prohibited from operating in the EU. Apr 14, 2008

Atlas Air

Atlas Air, a unit of global air freight company, agreed to pay USD$95,000 as part of a settlement with the US Federal Aviation Administration over a maintenance issue, according to a filing in US District Court in lower Manhattan. The issue involved a weld to an engine exhaust nozzle cowl that was not performed in accordance with FAA rules, and the mechanic who did the work during the May 2006 repair was unqualified, according to the settlement filed on Wednesday. Atlas Air World shares closed at USD$59.90, up USD$1.31 or 2.24 percent, on Nasdaq. Apr 17, 2008

Japan Airlines

Japan Airlines agreed to plead guilty to price fixing on international cargo shipments and pay a USD$110 million fine, the US Justice Department said on Wednesday. In the plea agreement, which was filed in the US district court for the District of Columbia on Wednesday, Japan Airlines acknowledged conspiring to fix freight prices between 2000 and 2006, the Justice Department said. Apr 17, 2008

Japan Airlines

The Justice Department said Japan Airlines conspired to fix cargo prices to ship products on certain trans-Pacific routes, according to court documents. Japan Airlines told a Japanese newspaper in October 2007 that it anticipated roughly JPY20 billion yen (USD$171 million) in fines from a global price fixing probe by US and EU officials. The plea agreements are part of a continuing, wide-ranging investigation of the air transport industry by the Justice Department's antitrust division. In February 2006, US and European officials raided airlines on both sides of the Atlantic as part of the probe. Apr 17, 2008

ZZ

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Date:Apr 21, 2008
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