The Week in brief
President Obama signed long-awaited FTAs with South Korea, Panama and Columbia on October 21. The passage of these agreements has garnered applause from numerous U.S.-based companies, including FedEx. “These agreements will not only provide new market access, reduced tariffs and protections for investments, but also improved customs regimes, heightened transparency and other benefits to American businesses looking to grow and reach new customers,” FedEx Express COO Michael L. Ducker said in a statement.
China Cargo Airlines has launched daily Boeing 777 service to Amsterdam Airport Schiphol. The carrier, which merged with Great Wall Airlines and Shanghai Airlines Cargo in June, will now be operating out of Schiphol instead of Luxembourg.
Volga-Dnepr Airlines assisted KOG Transport in the transportation of a 35-tonne rotor from East Midlands in the U.K to a thermal electric power plant in Accra, Ghana. The Russian carrier designed and constructed an ultra-light cradle to successfully ship the rotor into the cargo cabin of one of its Ilyushin IL-76TD-90VD freighters.
AAR Corp. has inked a deal to purchase Telair International GmbH and Nordisk Aviation Products, AS from Teleflex Inc. Acquiring Telair, a manufacturer of cargo-loading systems for wide-body and narrow-body aircraft, and pallet manufacturer Nordisk will boost AAR’s position as a commercial aerospace Tier-1 supplier to Airbus and Boeing, a company spokesman stated.
Atlas Air Worldwide Holdings has finalized its collective bargaining agreement with Atlas Air and Polar Air Cargo Worldwide pilots and crew members. The five-year contract, which took effect in September, confirms the merger of Atlas Air and Polar flight crews as a collective unit with an incorporated seniority list and delves into issues ranging from compensation and benefits to company-wide policies.
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