In order to reduce its net debt load by €2 billion in the next two years, Air France-KLM will put a 5-percent cap on capacity growth over the next three years and immediately freeze pay raises, among other measures. The group will also aim to break even on its medium-haul network within three years. read more
Last year was particularly prolific for Lufthansa Cargo, with the carrier transporting 1.9 million tonnes of freight and mail in 2011 — a 5 percent, year-over-year, jump — and increasing capacity by 8.6 percent. A “gloomy start” to 2012 could quickly reverse this trend, however. read more
In the first full year of the EU’s emissions trading scheme, airlines will be forced to buy €364 million worth of emission credits in order to comply with the new policy, an analysis conducted by Brussels-based Altimedes Consulting found. read more
AirBridgeCargo Airlines has launched thrice-weekly freight service to Chengdu International Airport. The route, which is performed by a Boeing 747-400 freighter, connects the capitol of the Sichuan province to major European destinations, including Moscow and Amsterdam. read more