Some big growth numbers are coming out of Dubai International Airport. DIA is reporting a 19.6% increase in cargo traffic for April. Year-to-date, cargo grew 24.6% to 715,628 tons compared to April…Continue
JJ Hornblass has not received any gifts yet
When Delta Air Lines purchased an oil refinery near Philadelphia in the spring of 2012 for $150 million, you could hear the snickers at 30,000 feet. What does Delta know about the oil business, the naysayers nayed? One blog put it succinctly: "The math doesn't work."
But on Oct. 22 Delta will announced its financial results for the third quarter of 2013 and when it does, it will disclose the fact that…Continue
Our European editor Alex Lennane reports that rumors of AirBridgeCargo is moving its headquarters from Moscow to Luxembourg are true, with the new office already “up but not running”.
No date has yet been set for it to become fully functioning, but ABC is hoping to attract new management through having an office in the EU. “High-ranking executives will be based there,” said a source close to the carrier. “Staff will be on the payroll for an EU company. Nobody is interested in working…Continue
Luxembourg continues to look for an investor willing to take the 35% stake in Cargolux formerly held by Qatar Airways. Most lists of interested parties focus on China’s HNA Group and Moscow-based Volga-Dnepr Group (VDG), but a new bidder – Henan Civil Aviation Development and Investment Company (HNCA) – is reported to have begun negotiations for the stake. HNCA, an investment arm of the government of China’s Henan province, is also in the process of setting up a joint-venture carrier that…Continue
The tours, which will take place on April 17, will conclude with a reception at Hactl hosted by Hactl and Mark Whitehead, Chief Executive Officer of the massive cargo handling…Continue