Singapore Airlines Cargo’s operating loss widened from S$31 million to S$99 million, year-over-year, in the first half of fiscal-year 2012-2013. Freight load factor also lagged during this period, falling 1.5 percent, year-over-year, to 62.7 percent, amid a 4.7-percent, year-over-year, traffic decline. read more
Air Cargo World News
IAG Cargo has signed an MoU with Global Logistics Network, a U.S.-based organization representing 421 small- and medium-sized freight forwarders from 125 countries. The deal is particularly advantageous to freight forwarders in the U.S., as well as Spanish businesses exporting into the U.S., the carrier said in a press release. read more
Expanding on a 1993 European Union rule that introduced slot regulations at airports all over Europe, airport officials could soon be able to sell and buy landing and take-off slots. This new slot exchange could will become law if an agreement reached during the Transport, Telecommunications and Energy Council Monday in Luxemburg comes to fruition. The proposal will be part of an airport legislative package that could go in front of the European Parliament as early as November 6, according to an EU press release.