The world's airlines are facing an extraordinary crisis brought on by soaring fuel prices and slowing traffic growth that has the potential to transcend aviation and impact the global economy, IATA DG and CEO Giovanni Bisignani told the almost 900 delegates and media at the organization's 64th Annual General Meeting and World Air Transport Summit in Istan...
The International Air Transport Association (IATA) called on governments, industry partners and labour to address the fuel crisis that is pushing airlines into the red. IATA forecasts a loss of US$2.3 billion for 2008 based on an average oil price of US$106.5 per barrel Brent crude. The association sounded a warning that this year’s loss could be even hig...
The International Air Transport Association (IATA) today launched a new era in air travel as it bid farewell to the paper ticket on the eve of the industry’s conversion to 100% electronic ticketing. Today we say goodbye to an industry icon, said Giovanni Bisignani, IATA’s Director General and CEO. The paper ticket has served us well, but its time is ...
Logistics group GAC's Australia subsidiary has opened its 14th office in Darwin, the company said Wednesday. GAC Australia started operations six months ago. The opening of the Darwin office came as GAC also signed an agency deal for Australian and New Zealand ports with Netherlands-based Vroon B.V. and its associated companies. Vroon vessels make...
Air Charter Service Plc (ACS), a United Kingdom-based passenger and cargo air charter broker, has opened its first Asian office in Hong Kong. This is a significant move for ACS, our established global offices network in London, New York, Dubai and Moscow have seen an overall increase in flights consisting of both passenger and cargo of 285 percent over t...
AirBridgeCargo Airlines (ABC), the scheduled cargo airline of Russia's Volga-Dnepr Group, has appointed Ludwig Hamburger as regional director for Europe, the Middle East and Africa (EMEA). Prior to joining ABC, Hamburger was Air New Zealand's Europe region manager. Source: American Shipper
Janel World Trade Ltd. said it is opening offices in San Pedro Sula, Honduras, and Guatemala City, Guatemala. During the past three years, our Los Angeles office has been aggressively driving our expansion in the Central American region, increasing brand recognition and forging strategic partnerships with customers, said James N. Jannello, chief exec...
DSV Air & Sea Holding A/S, part of Danish transport and logistics group DSV, has acquired full ownership of Indian joint venture DSV Air & Sea Pvt. Ltd., purchasing remaining 28 percent shareholding from Seabridge Maritime Agencies. Financial details were not made public. The acquisition has taken place as part of the efforts of the DSV Group to furth...
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