Ansett Airlines has been placed into voluntary receivership by Air New Zealand, its owner, after Qantas Airways quit talks to buy Australia’s debt-burdened second-ranked carrier.
After the Qantas rejection Air NZ suffered a further knock-back when the Australian government refused to underwrite a restructuring of Ansett’s operations into a lower-cost airline called Ansett 2.
Read MoreStarting in autumn 2001, Lufthansa Cargo is planning to strengthen its business ties with freight forwarders and shippers through longterm contracts designed to obtain clear commitments from the latter and to get them to share at least part of the risk inherent in the airfreight business.
From October. the air cargo specialist will offer its customers the option of making a twelve month commitment. The long-term and non-returnable use of a set amount of cargo space capacity at fixed prices (Commitment) will be a key feature of these contracts.
Air New Zealand has put Ansett Australia up for sale after Australia’s competition watchdog indicated it might give the green light to a Qantas bid for the troubled Australian subsidiary that is losing A$1.3m (US$675,000) a day.
The Australian government has lent its support to the sale despite the fact that a deal with Qantas would give the national carrier a 90 per cent share of the domestic market
Read MoreA consortium led by BAA, the UK airports operator, has defeated six other groups to win the contest to take control of two airports in Oman in its first move into the Gulf region.
Read MoreYou might think that an air freight company that has grounded its fleet of 37 airplanes might be in pretty serious financial trouble, but just the opposite may be the case for CNF Inc. (CNF) and its Emery Worldwide unit
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