Garuda Indonesia’s ambitions have advanced from a desire to augment passenger revenue with belly-hold freight to a plan for full freighter flights to take off before 2013. read more
Air Cargo World News
Cathay Pacific has announced that it will retire three Boeing 747-400BCFs this year. Although the carrier will still take delivery of three additional Boeing 747-8Fs in 2012, with two more arriving in 2013, the retirements mean that freighter capacity growth will be flat this year. Earlier company projections pegged freighter growth for 2012 at 3 percent.
One month after FedEx Corp. agreed to purchase Polish shipping company Opek Sp.z o.o., the company announced plans to procure French business-to-business express company Tatex. The exact terms of the deal haven’t been disclosed, but the acquisition will give FedEx Express access to a domestic ground network that handles 19 million shipments a year and generates approximately €150 million in annual revenue. read more
Air France-KLM’s April freight volumes plunged 8.3 percent, year-over-year, on a capacity decline of 3.3 percent. The carrier’s cargo traffic was especially sluggish in the Americas and in the Asia-Pacific, with volumes falling 10.6 percent and 8.9 percent, year-over-year, respectively. Fortunately, traffic in the Caribbean/Indian Ocean region proved to be a bright spot for Air France-KLM in an otherwise cloudy month. read more