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Air Cargo News.

New York (AirGuideBusiness - Air Cargo News) Jun 7, 2009

Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines on Sunday. Cargo demand may have stabilized, but a pick-up is unlikely until demand recovers in the United States, said the CEO of Korean Air, the world's top air cargo carrier. European aircraft manufacturer Airbus said it was sticking to its 2009 sales target of 300 gross orders but that it would be more difficult to accomplish. International Lease Finance (ILFC), the world's largest plane-leasing company, said it was negotiating for more planes with Airbus and Boeing, but "at the right price". The annual meeting of the International Air Transport Association began on a sombre note, with last week's still unexplained crash of an Airbus A330-200 adding to the woes of an industry hurt by the financial crisis and volatile oil prices. But several airline executives were quick to defend the jet. "It's a safe plane, it's a good plane," said Chew Choon Seng, the CEO of Singapore Airlines, which has 16 A330-200s on order. "We should not jump to conclusions." Airline chiefs saw other concerns ahead, from rising unemployment to a surplus of capacity that could hurt profitability. Jun 6, 2009

Shipping and airlines could be tapped for money to help poor nations tackle and adapt to climate change, according to draft proposals to be presented to European finance ministers on Tuesday. Greenhouse gas emissions from the two sectors are expected to be addressed at a United Nations meeting in Copenhagen in December to find a new global deal on fighting climate change. The key issue in Copenhagen will be finding the finance needed to persuade developing nations to cut their carbon dioxide emissions and to adapt to a problem they say has been caused by rich, industrialised nations. Such funding could help develop drought-resistant crops or new water sources as rising temperatures deplete the glaciers on which millions depend for summer meltwater. Jun 4, 2009

AAR, Bedek Aviation, Boeing

AAR was selected by IAI's Bedek Aviation Group to provide the cargo system for its Boeing 767-300 conversion program. AAR and IAI developed a GMF system for the 767-200 conversion in 2002. Jun 2, 2009

ABX Air, DHL

Air Transport Services Group said today that its subsidiary ABX Air, Inc. has completed an agreement with its principal customer, DHL, concerning leases of certain ABX Air aircraft. The agreement, which is further to a memorandum of understanding that DHL and ABX Air executed in March 2009, grants DHL options to lease from ABX Air, or an affiliate, up to four Boeing 767-200SF (freighter configuration) aircraft under favorable rates, and for terms beginning August 15, 2010, and continuing through 2015. In exchange, DHL has agreed to assume financial responsibility, retroactive to January 31, 2009, for ABX AirOs obligations under capital leases on five Boeing 767-200PC (non-standard cargo door configuration) aircraft currently dedicated to DHLOs U.S. network. As of March 31, 2009, ATSGOs balance sheet reflected USD 50.2 million of debt and USD 21.5 million of net book value related to those aircraft capital leases. The agreement calls for ABX Air to grant to DHL up to USD 10 million of credit against future rent obligations for the four 767-200SFs. If DHL elects not to exercise its options for any of the four 767-200SFs, ABX Air would pay DHL USD 2.5 million for each such option that DHL elects to forego. ABX Air is expected to continue to operate some or all of the five leased 767-200PCs as required under the current ACMI Agreement between the companies. The agreement does not stipulate whether ABX Air would continue to operate any of the four 767-200SF aircraft that DHL may opt to lease. Jun 1, 2009

Boeing

The U.S. Senate appropriations committee included funding Tuesday for eight Boeing C-17 cargo planes in the 2009 supplemental appropriations bill. The bill appropriates USD 2.2 billion to buy eight additional eight C-17 planes in the 2009 fiscal year, which ends Sept. 30. Sen. Kit Bond, R-Missouri, and Sen. Dianne Feinstein, D-California, led efforts in recent weeks to secure funding for the purchase of C-17s. They had pushed for 15 more C-17s. Jun 3, 2009

Cathay Pacific

Cathay Pacific's cargo business has steadied, but a pickup depends on when demand from major Western economies returns, CEO Tony Tyler said Thursday. "On the cargo side things have stopped getting worse," he said in Singapore, though he declined to predict when there will be a recovery. Hong Kong's dominant carrier reported a 24 percent fall in revenue derived from passenger and cargo in the first quarter. The International Air Transport Association (IATA) also believes the global slump in demand for air freight may have hit bottom. IATA said air cargo demand tumbled nearly 22 percent in April, the fifth consecutive month of a drop of more than 20 percent. Demand for air cargo, a barometer for the health of global trade, has dwindled as retailers stop ordering new stock. Tyler reiterated that, although the balance sheet of Cathay had deteriorated, it had no plans for a rights issue to raise cash. "We don't see a problem financing plane orders," he said. The carrier has cut capacity, asked staff to take unpaid leave, and has agreed with Boeing to delay deliveries of two 777-300ERs by a year to 2010 as it seeks to weather the downturn in demand. Jun 4, 2009

DHL

DHL, the worldOs leading express delivery and logistics company, today announced it has signed a new agreement with Beckman Coulter, a leading manufacturer and supplier of biomedical instrument systems, tests and supplies. DHL was selected to provide international express shipments to and from the United States, including cross-border shipments of clinical diagnostic equipment and supplies. Based in Brea, CA, more than 200,000 of the Beckman Coulter's clinical diagnostic systems operate in laboratories around the world, supplying critical information for improving patient health and reducing the cost of care. Jun 2, 2009

DHL

DHL, the worldOs leading express delivery and logistics company, today announced it has signed a new agreement with Beckman Coulter, a leading manufacturer and supplier of biomedical instrument systems, tests and supplies. DHL was selected to provide international express shipments to and from the United States, including cross-border shipments of clinical diagnostic equipment and supplies. Based in Brea, CA, more than 200,000 of the Beckman Coulter's clinical diagnostic systems operate in laboratories around the world, supplying critical information for improving patient health and reducing the cost of care. Jun 2, 2009

Lufthansa

Lufthansa's cargo business could lose tens of millions of euros a year if a German court rules for a night flight ban at Frankfurt airport, a Cargo management board member said. "It would be a mentionable figure, at least a high double-digit million euro sum," Karl-Heinz Koepfle said during a recess at the German higher administrative court, saying that figure consisted both of additional costs and lost revenue. The court's goal is to rule whether a limitation of night flights out of Frankfurt or an outright ban is legal, weighing the interests of airlines and cargo shippers against those of residents living near the airport. Frankfurt airport, operated by Fraport, handled almost 53.5 million passengers last year as well as more than 2 million metric tonnes of air freight. The German state of Hesse approved in 2007 plans to expand the airport, but one condition was that flight movements were limited to an average of 17 per night between 11 pm and 5 am local time to keep noise pollution to a minimum. Lufthansa said on Tuesday it alone would require an average of 23 flights per night by 2020 for passenger transport and cargo flights. Requirements by tour operators such as Condor, owned by Thomas Cook, would come on top of that. Looking ahead, Koepfle said cargo volume declines may have reached their fastest rate in April. But he said that nobody can say at this point when trade volumes, weighed down by the global economic crisis, would start to pick up again. Jun 3, 2009

Lufthansa Cargo

Lufthansa Cargo will begin transferring its Asian hub operation from Astana to Krasnoyarsk on June 1 with the first flight from Tokyo Narita to Frankfurt via Krasnoyark. From August, LHC will operate 22 weekly flights to and from Europe out of KJA. It said the new routing cuts flying time by an average of 12 min., saving up to 2,000 tons of fuel annually. Jun 1, 2009

UPS

UPS and its pilots represented by the Independent Pilots Assn. have identified savings targets of USD 40 million for this year, USD 38 million for 2010 and USD 53 million for 2011, a company spokesperson told ATWOnline. UPS and IPA have agreed to allow pilots to sign up for "voluntary options including leaves of absence, early retirements, reduced-pay-guarantee routes, job sharing and a sick-time giveback." UPS, which already has cut USD 1 billion in annual costs, estimated that it has 300 more pilots than necessary. Jun 4, 2009

UPS

UPS Acquires Delivery Firm in Slovenia. UPS today announced it had acquired a unit of Intereuropa Globalni Logisticni Servis that has been acting as its agent for small package delivery in Slovenia since 1991. Terms of the deal were not disclosed. Slovenia has the highest per capita GDP in Central Europe of the countries that joined the EU in and after 2004 and is considered a model of economic success and stability for the region. Jun 2, 2009

Uzbekistan Airways

Uzbekistan Airways started all-cargo flights with two A300Fs dry-leased from Korean Air. The service is based at Navoiy, where the airlines will partner in developing the airport into a logistics hub for central Asia. The freighters will operate to Bangkok, Delhi and Mumbai. Jun 4, 2009

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Date:Jun 8, 2009
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