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Bombardier Commercial Aircraft's Customer Services and Support group has officially opened a Regional Support Office (RSO) at Garching near Munich, Germany. Located some 20 minutes from Munich's city centre and Franz Josef Strauss International Airport, the facility is Bombardier's fourth customer support office and the first in Europe; it will support cu...
SAS credit rating was today downgraded from BB- to B for the company corresponding to a two-step downgrade of the rating. The outlook is developing. The downgrade is mainly a result of the present challenging conditions with the jet fuel prices, overcapacity in the Scandinavian aviation market, weakening market conditions and the third quarter write...
Aviation investment banking and consulting company Seabury Group said Tuesday it has hired former Cathay Pacific Chief Executive David Turnbull as chairman of its Asia division. Seabury said Turnbull would also remain executive chairman of Hong Kong-based Pacific Basin Shipping, where he has served since 2006. Seabury said it recently formed Seabury A...
DHL Express, which Monday announced it was discontinuing domestic-only air and ground delivery service in the United States, is still negotiating with rival UPS to provide airport-to-airport line haul for its international shipments, officials for both companies said. The express delivery unit of Deutsche Post has been in talks since late May with Atl...
DHL subsidiary Danzas AEI Emirates has officially opened an 80,000-square-foot logistics facility in the Jebel Ali Free Zone in Dubai. It's the company's largest such facility in the Middle East. I see a definite trend for the larger multinationals to both outsource and expect the same standards, processes, behaviors and performance throughout the...
A Boeing representative told American Shipper that no freighter orders have been canceled as a result of the depressed air cargo market this year. Jim Edgar, Boeing regional marketing director of commercial planes, said at The International Air Cargo Association's Air Cargo Forum in Kuala Lumpur this week that carriers were still eager to have fuel...
Class I railroad BNSF Railway said Thursday is has officially opened a new third main rail through on a key rail pass in and out of Southern California. The $90 million, 16-mile track project through the Cajon Pass will increase capacity on the railroad's Chicago to Los Angeles Transcontinental (Transcon) route from about 75 to 100 trains a day to nea...
Singapore Airlines' profit plunged 36 percent in the third quarter as the carrier felt the brunt of rising fuel costs and slowing demand, Reuters reported. Profit slid to $216 million, compared with $338 million during the same period in 2007. Revenue was $2.92 billion compared with $2.64 billion last year. The airline is majority-owned by Temasek...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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