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Virgin Atlantic Cargo keeps growing following record year

Posted By Tony Sanchez / Airlines / 0 Comments

September 27, 2018 Following a record year in 2017, Virgin Atlantic Cargo has grown by three per cent in the first half of 2018. The airline carried 116.3 million kilos to the end of June 2018, building on the strong performance in 2017 when volumes reached a five-year high. The cargo business also continued to […]

Lufthansa Expanding Munich Into Asia Hub

Posted By Tony Sanchez / Airlines / 0 Comments

September 27, 2018 Lufthansa will further expand at Munich Airport as it continues to develop its multi-hub strategy. The European airline group said it will develop the Bavarian capital into an Asia-focussed hub, with high single-digit growth expected in 2019. Lufthansa transferred five Airbus A380 superjumbos from Frankfurt to Munich this year for the busy […]

Helvetic Firms Up Embraer E190-E2 Order

Posted By Tony Sanchez / Airlines / 0 Comments

September 27, 2018 Helvetic Airways has announced a firm order for 12 Embraer E190-E2s, in a deal worth USD$730 million at list prices. The Swiss airline had signed a letter of intent to purchase the aircraft at this year’s Farnborough Air Show in July. The agreement includes purchase rights on an additional 12 E190-E2s. If […]

GasLog Partners Sells USD 53 Mn Worth of Shares to Tortoise

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

September 27, 2018 Owner and operator of LNG carriers GasLog Partners has agreed to sell 2,250,000 common units to funds managed by Tortoise Capital Advisors (Tortoise) for gross proceeds of USD 53.1 million. The partnership plans to use the net proceeds from the sale for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures […]

Equinor Inks Deal for Two Shuttle Tanker Newbuilds

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

September 27, 2018 Norwegian oil major Equinor, formerly known as Statoil, has entered into contracts for two newbuilt shuttle tankers with the compatriot shipowner Knutsen NYK Offshore Tankers AS (Knutsen). The tankers will be built at Hyundai Heavy Industries in South Korea. The shuttle tankers are intended for the Roncador field, the third largest producing field […]

African airline Fastjet reveals urgent need for more cash

Posted By Tony Sanchez / Airlines / 0 Comments

September 26, 2018 Fastjet Plc’s shares shed more than half of their value on Wednesday after the African budget airline said it needed more cash within a month for it to continue operating. Fastjet, launched in 2012 and modelled on the likes of no-frills airlines easyJet Plc and Ryanair Holdings Plc , has been running […]

Foreign airlines to face new rivals on popular China routes as restrictions ease

Posted By Tony Sanchez / Airlines / 0 Comments

September 26, 2018 Foreign airlines that fly on 20 popular long-haul routes to China will face fresh competitive pressure as Beijing begins to ease decade-old restrictions on Oct. 1, allowing more Chinese carriers to offer service. The change affects about 20 percent of Chinese long-haul daily capacity, according to data compiled by Chinese aviation data […]

Ryanair Now Says 150 Flights Cancelled For Friday

Posted By Tony Sanchez / Airlines / 0 Comments

September 26, 2018 Ryanair has updated the number of flights it intends to cancel on Friday as cabin crew in several countries strike. The Irish airline said on Twitter that it would now cancel 150 flights, down from its previously announced figure of 190. Over 92 percent of Friday’s flights will not be affected by […]

Delta Flights Restored After IT Problem

Posted By Tony Sanchez / Airlines / 0 Comments

September 26, 2018 Delta Air Lines said it had restored all IT systems after an outage caused some flight delays on Tuesday evening. The airline said staff were working to accommodate passengers whose travel plans were disrupted. The outage was limited to the United States, Delta said. An initial company statement said it had implemented […]

Maersk Bolsters Rules on Dangerous Goods Stowage in Honam Fire Aftermath

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

September 26, 2018 Following the fatal Maersk Honam fire that claimed the lives of five seafarers, Danish industry major Maersk has implemented new guidelines on stowage of dangerous goods to improve safety across its containership fleet of over 750 ships. The company said that it has developed a new set of principles called Risk Based Dangerous Goods […]