Apr 16, 2007
China reveals more details of 'jumbo aircraft' manufacturing plaN China unveiled more details of its plan to build "jumbo aircraft," which it defines as passenger jets with more than 150 seats or freighters with a takeoff weight of more than 100 tons, saying it will begin assembling the planes in 10 or more years in Shanghai and Xi'an, according to the official state Xinhua News Agency. Apr 10, 2007
FedEx Express, the delivery giant's airline unit, signed an agreement Friday to acquire its Hungarian service provider, Flying-Cargo Hungary, a move that fits with its strategy to expand in Eastern Europe and gain greater control of service providers in emerging markets. Financial terms of the deal were not disclosed. F-C has been aligned with FedEx in Hungary since 2003, helping to move and deliver international express shipments. F-C's "day-to-day operations are expected to remain unchanged for the foreseeable future," FedEx said, adding that the company will become a wholly owned FedEx Express business. "Since the mid-1990s, Hungary has proven to be one of the standout economies in Eastern Europe, with import and export growth rates of up to 7% projected until 2009," said Robert Elliott, FedEx Express president for Europe, the Middle East, Africa and India. The company last year acquired its Indian service provider, Prakash Air Freight, for $30 million in cash. Apr 9, 2007
Saudi Arabian Airlines
Saudi Arabian Airlines confirmed that it will privatize its cargo unit by year end. The airline is inviting expressions of interest this week in a maximum 49% share of its cargo unit, the Arab Air Carriers Organization said. Saudi Arabian has outlined its intention to privatize its individual business units separately, including the catering, ground handling and technical units, in addition to pilot training and cargo. Apr 12, 2007
The all-business-class airline sold 3,293 revenue seats in March, representing a 59% load factor. In addition, last month it began offering cargo services on its daily London Luton-Newark 767 flight. Silverjet Cargo will manage 10 tonnes of available payload outbound and 15 tonnes back to Luton. CargoOne is the GSA in the UK and Platinum Air Cargo in the US. The carrier signed trucking contracts to transfer freight from London Heathrow...