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Why Do Cargo Operators Fly Older Planes?

Posted By Tony Sanchez / Cargo News / 0 Comments

June 2, 2020 You may have noticed that many cargo aircraft are older planes that have long been out of commercial passenger usage, like the Airbus A300. Others are new aircraft from production lines that no longer offer passenger versions, like the Boeing 767. Why do cargo carriers prefer older planes? Let’s find out. How […]

BRITISH AIRWAYS THREATENS 19,000 STAFF WITH DISMISSAL

Posted By Tony Sanchez / Airlines / 0 Comments

June 2, 2020 British Airways (BA) has threatened up to 19,000 staff with potential dismissal notices unless they accept worse pay and conditions. The carrier has been burning heavy amounts of money every day due to most of its fleet being grounded and is now looking at ways to reduce costs. April 28 saw the […]

Emirates May Take Years Until It Flies All of Its Routes Again

Posted By Tony Sanchez / Airlines / 0 Comments

June 2, 2020 A slow recovery for Emirates, a Dubai-based airline owned by the U.A.E., will mean layoffs for the carrier, which employs about 60,000 people Emirates‘ outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been decimated […]

Shipbreaking shows signs of gradual reopening

Posted By Tony Sanchez / Shipyard / 0 Comments

June 2, 2020 The shipbreaking industry in the Indian sub-continent is starting to exhibit some signs of phased reopening following weeks of shutdowns caused by the Coronavirus. However, the reopening doesn’t mean the pandemic is over, far from it, as the subcontinent continues experiencing infection cases. What is more, India reported a spike in daily […]

Samsung Heavy launches GasLog LNG newbuild

Posted By Tony Sanchez / Ship Builder / 0 Comments

June 2, 2020 South Korea’s shipbuilding giant Samsung Heavy Industries has launched a new liquefied natural gas carrier for Greece-based LNG shipper GasLog. The launching event of the LNG carrier GasLog Galveston (SN2301) was held at the Korean yard on May 30. GasLog says it expects to take delivery of the 174,000 cubic meter vessel […]

Lufthansa agrees to the German stabilization package and loss of slots

Posted By Tony Sanchez / Airlines / 0 Comments

June 1, 2020 At its meeting on May 30, the Lufthansa Executive Board decided to accept the commitments offered by Germany to the EU Commission for the stabilization package negotiated with the Economic Stabilization Fund (WSF) of the Federal Republic of Germany. The scope of the conditions required in the EU Commission’s view has been […]

Sustainable Aviation calls for sector to be at the heart of a green recovery

Posted By Tony Sanchez / environment / 0 Comments

June 1, 2020 In a letter to the Transport Secretary, the Sustainable Aviation coalition has called for UK aviation to be at the heart of the Government’s economic recovery strategy, saying that a joined-up approach to decarbonising aviation will enable the country to rapidly bounce back from Covid-19. To achieve this, Sustainable Aviation has called […]

Embraer Earnings Results 1st Quarter 2020

Posted By Tony Sanchez / Airlines / 0 Comments

June 1, 2020 Embraer delivered five commercial jets and nine executive jets (five light / four large) in 1Q20, and the Company’s firm order backlog at the end of 1Q20 was US$ 15.9 billion; EBIT and EBITDA in 1Q20 as reported were US$ (46.9) million and US$ 9.3 million, respectively, yielding EBIT margin of -7.4% […]

UPS to match carbon offsets of all parcels shipped in June

Posted By Tony Sanchez / Airlines / 0 Comments

June 1, 2020 UPS today announced the company will commemorate World Environment Day on June 5 by matching the carbon offsets of all  parcels shipped via its carbon neutral program during the month of June. UPS carbon neutral counterbalances the estimated carbon impact of each shipment by purchasing certified carbon offsets. “There is truly no better […]

Van Oord inks green loan for LNG-powered dredgers

Posted By Tony Sanchez / environment / 0 Comments

June 1, 2020 Dutch marine contractor Van Oord has signed its first green loan that will be used to fund its new liquefied natural gas-powered dredgers. The company said in a statement it signed the loan with Dutch Rabobank and France’s BNP Paribas last month. Van Oord structured the loan according to green loan principles […]