Air Cargo News.

 
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Sep 24, 2007

The House voted on Sept. 20 to approve a massive FAA funding bill that included two controversial provisions related to labor relations. One would reopen talks between the FAA and the air traffic controllers union. The other would affect the ability of FedEx employees to organize nationally. President George W. Bush has said he will veto the legislation as it is now written. Sep 21, 2007

AirBridge Cargo, Volga-Dnepr Group

AirBridge Cargo, Volga-Dnepr Group's scheduled service operator, will launch weekly Amsterdam-Tel Aviv-Moscow Boeing 747F flights from Oct. 7. Earlier this month it started weekly Moscow-Tokyo-Krasnoyarsk service. Sep 18, 2007

Atlas Air Worldwide

Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, named Jason Grant senior VP and CFO succeeding Michael Barna, who resigned from the post he has held since 2005 "to pursue other interests." Grant, 35, has been with the company since 2002 and most recently served as senior VP-network planning and business development. Sep 19, 2007

Emirates Airline

In preparation for its anticipated arrival in Toronto, Emirates Airline hosted its signature roadshow event to introduce its award winning products and services to travel and cargo agents. Sep 20, 2007

FedEx

FedEx has reduced its forecasts for the full year by 4%. "While the U.S. economy is growing at a moderate pace, recent financial market volatility and high energy costs have increased the uncertainty surrounding the near-term economic outlook, and weakness in the housing sector continues," said CFO Alan Graf. Sep 21, 2007

FedEx

FedEx warned Sept. 20 that soaring fuel prices and turmoil in the U.S. housing and financial markets are taking a toll on its earnings. Sep 20, 2007

FedEx

Package delivery company FedEx Corp. said Sept. 18 recent market volatility and high energy costs, coupled with a sluggish U.S. economy, drove the company to lower its fiscal 2008 earnings expectations by 4 percent. Sep 17, 2007

Lufthansa Cargo, DHL Express

Lufthansa Cargo and freight specialist DHL Express are to use a fleet of 11 Boeing 777 freighters for their new joint cargo carrier, further details of which have been released today. The carrier, as yet unnamed, is to be based at the new DHL hub in Leipzig-Halle and will be equally owned by the two companies. Lufthansa Cargo, which is also to construct its own logistics centre at Leipzig, says that the carrier will start operations in April 2009 and concentrate on air...

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