HEADLINE
Airbus reports rise in consolidated revenues
Airbus SE has reported consolidated financial results for the nine months ended 30 September 2024. “We saw strong demand across our product range in the first nine months of the year. The nine-month earnings reflect the level of commercial aircraft deliveries, a solid performance in helicopters and the charges…
Read MoreAir Transport Services Group to be acquired
Investment firm Stonepeak is set to acquire US freighter lessor and operator Air Transport Services Group (ATSG) for $3.1bn. The two businesses have entered into a definitive agreement, which has been unanimously approved by ATSG’s board of directors, said a report.
Read MoreAir India to cancel 60 flights on Indo-US routes in Nov.-Dec.
Air India has reportedly cancelled some 60 flights to and from San Francisco, Washington, Chicago, Newark and New York between November 15 and December 31 as it does not have adequate wide-body aircraft to operate some of the flights to these destinations. Air India has cancelled 14 flights on…
Read MoreAir cargo set to end year with double-digit demand growth
Not even zero growth in November and December can disrupt the global air cargo market from landing a year of unexpected double-digit demand growth in 2024. Healthy volumes of +11% in October and spot rates up +19% year-on-year reflected the growing maturity and balance among buyers and sellers of…
Read MoreAir cargo markets showing continuing growth in demand
The International Air Transport Association (IATA) released data for September 2024 global air cargo markets showing continuing strong annual growth in demand. “September performance brought continued good news for air cargo markets. With 9.4% year-on-year growth, cargo volumes continued to mark all-time highs for demand. Yields are also improving,…
Read MoreWestJet Cargo announces Priority product for critical shipments
WestJet Cargo is launching its new Priority product, available across the WestJet Cargo network starting November 4, 2024. This premium offering gives eligible cargo top priority for loading and transport, guaranteeing that shipments travel on specific flights. Designed to meet the needs of industries requiring fast, reliable transportation of…
Read MoreUPS returns to revenue and profit growth
UPS recently announced third-quarter 2024 consolidated revenues of $22.2 billion, a 5.6% increase from the third quarter of 2023. Consolidated operating profit was $2.0 billion, up 47.8% compared to the third quarter of 2023, and up 22.8% on a non-GAAP adjusted basis. Diluted earnings per share were $1.80 for…
Read MoreTata Advanced Systems and Airbus inaugurate C295 Final Assembly Line in Vadodara
As a major milestone for India’s Aerospace & Defence industry, Tata Advanced Systems Limited (TASL) and Airbus inaugurated the Final Assembly Line (FAL) complex for the Airbus C295 aircraft in Vadodara, Gujarat. TASL and Airbus are partnering for the pioneering ‘Make in India’ project to deliver 56 C295 aircraft…
Read MoreQatar Airways Cargo goes live with Wiremind Cargo’s CARGOSTACK Revenue Management suite
Qatar Airways Cargo, the world’s leading cargo carrier, has made a significant leap in revenue management innovation by officially launching CARGOSTACK Optimiser, the Revenue Management suite of Wiremind Cargo, a member of Cargo Tech. As the first airline worldwide to go live with this solution, Qatar Airways Cargo positions…
Read MorePrime Minister inaugurates Saharanpur, Rewa and Ambikapur airports under RCS-UDAN
Prime Minister Mr Narendra Modi recently inaugurated three airports, developed under the Regional Connectivity Scheme (RCS) – UDAN (Ude Desh Ka Aam Nagrik), from Varanasi in Uttar Pradesh. These airports are: Rewa in Madhya Pradesh, Ambikapur in Chhatisgarh and Saharanpur in UP. Flights under RCS-UDAN will begin from these…
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