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Russia’s Aeroflot warns fuel prices to cost it $732 mln in 2018

Posted By Tony Sanchez / Airlines / 0 Comments

February 5, 2019 Aeroflot estimates rising fuel prices will cost it 48 billion roubles ($732.37 million) for 2018, Russia’s largest airline said on Monday. Fuel prices have risen at Russian airports along with global oil prices since mid-2017, peaking in the summer. Aeroflot’s standalone net profit under local accounting rules plunged 10-fold to 2.796 billion […]

Qatar, EU in final stages of air services deal: Qatar Airways CEO

Posted By Tony Sanchez / Airlines / 0 Comments

February 5, 2019 Qatar and the European Union are in the final stages of concluding a comprehensive air transport agreement covering fair competition and transparency, the chief executive of state-owned Qatar Airways said on Tuesday “We have taken bold steps by agreeing to articles on fair competition, social aspects, business practices, and transparency,” Akbar al-Baker […]

German minister: We have no specific plans to help bust airline Germania

Posted By Tony Sanchez / Airlines / 0 Comments

February 5, 2019 German Economy Minister Peter Altmaier said he had no specific plans to help airline Germania, which collapsed on Tuesday after it failed to secure financing to meet a short-term cash squeeze, adding that what happened was a function of the market economy. Altmaier said the government would watch the situation at Germania […]

German airline Germania files for insolvency

Posted By Tony Sanchez / Airlines / 0 Comments

February 5, 2019 German airline Germania said on Tuesday it had filed for insolvency and would terminate flight operations immediately, citing rising fuel prices and a stronger dollar. There were also delays integrating aircraft into the fleet and a high number of “maintenance events”, the company said in a statement. CEO Karsten Balke said it […]

IAG Cargo launches pet transport service

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February 5, 2019 IAG Cargo has launched a new pet transportation service on British Airways flights from the UK through its partnership with PetAir UK. The service helps to remove the stress of pet travel arrangements, with customers booking through IAGCargo.com. Through the partnership, PetAir UK offers home pet collection services and can manage import […]

Pilots file lawsuits against Atlas Air

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January 5, 2019 Atlas Air pilots have filed two lawsuits against their employer after an instructor was fired and to stop illegal subcontracting of flights. On Friday 1 February, Teamsters Local 1224 on behalf of and in conjunction with Atlas Air captain Kristofer Lang, who served as a Crew Training Instructor (CTI) filed after Captain […]

Dorian LPG Invests in Three More Scrubbers

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 5, 2019 Gas carrier owner and operator Dorian LPG has decided to increase its investment in exhaust gas cleaning systems, rising the total of scrubbers under contract to ten. Namely, the company said it signed agreements for three additional scrubbers, following the initial investment in this technology revealed in August 2018. All of the units, ordered ahead of […]

Hapag-Lloyd First to Convert Large Containership to LNG

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 5, 2019 German shipping major Hapag-Lloyd has revealed its plans to retrofit its 15,000 TEU ship Sajir to operate using liquefied natural gas (LNG). The contract for the retrofitting was signed last week with Hudong HONDHOA Shipbuilding, the company said, adding that the conversion would be carried out in the Shanghai-based shipyard Huarun Dadong […]