Air Cargo World News


Air France-KLM aims to reduce €2 billion in debt

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

LH Cargo posts record 2011 despite ‘gloomy’ early 2012

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 commences Chengdu route

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

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