Luxair, Luxembourg’s regional airline in which Lufthansa AG has a 13 percent stake, is now Cargolux's majority shareholder. The restructuring move follows the sale of a 33.7 percent shareholding in Cargolux by the liquidator of SAirlines – part of the SAir Group that collapsed following the grounding of Swissair in 2002.
Responding to the Department of Homeland Security (DHS) inspector general’s report on air cargo, the U.S. Airforwarders Association says many of the issues raised in the report stem from a lack of communication.
Aviation investment advisors Seabury Group has acquired Minneapolis-based Organizational Concepts International (OCI) to provide human capital solutions for its clients.
AF-KL Cargo has signed its first CO2 offset agreement with four South-Africa-based agents specializing in perishable exports. Aviator Airfreight, Grindrod PCA, Morgan Cargo, and Sky Services have agreed to offset at least 50 percent of the CO2 emitted in shipping fruit in November and December this year.
American Airlines Cargo has supplied DHL Express with temperature-controlled containers to deliver 5,000 premium steak dinners and 2,500 lbs. of Dallas Cowboys football apparel to U.S. troops based in the Middle East.
In a recent interview with the BBC, Qatar Airways CEO Akbar al-Baker said he would cancel the airline's order for 30 B787s if Boeing did not meet an agreed delivery schedule of four 787s by the end of 2011 and the balance of the order by 2015.
Multiple U.S. government agencies are collaborating in an endeavor to promote sustainable transportation communities under an important initiative launched by the Obama administration, a top U.S. aviation official said this week.
In a bid to keep Japan Airlines in the oneworld alliance, the other ten members are offering the carrier $1.8 billion in investment and additional revenue.
Two U.S. analysts painted a bleak picture for the five major U.S. carriers still in business in the absence of international alliances that will allow them to grow their global networks.
FedEx Corp. says it will increase the standard list rates for FedEx Ground and FedEx Home Delivery by an average of 4.9 percent on Jan. 4, 2010.