Tag: Air Transport

Korean Air orders 25 Boeing aircraft for 5.5 billion dollars

Posted by | Nov 21, 2006 | |

Korean Air Tuesday announced a 5.5 billion dollar order for 25 Boeing passenger and freight aircraft, the biggest deal in South Korean aviation history and a fresh setback for European rival Airbus.

The nation’s leading flag carrier said in a statement it would buy 10 777-300ER (Extended Range) planes, four 737-900ER and one 737-700, five 747-8 Freighters and five 777-200 Freighters.

It also has options for four 777-300ER, two 747-8F and two 737-900ER.

Delivery of the aircraft is scheduled for between 2009 and 2019.

The transaction is the biggest aircraft order in Korea’s aviation history in terms of the number of planes and the purchase price, said spokesman Shin Jin-Chul.

Korean Air said it aims to maintain its position as the world’s number one commercial cargo carrier, which it has held for the past two years, and to become one of the world’s top 10 passenger carriers by 2010.

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Cargo jets carry some risks along with shipments – Group boosts effort to educate senders about unsafe packages

Posted by | Nov 20, 2006 | |

A woman walked into Bruce Bernstein’s Pompano Beach, Fla., parcel shipping store with a box that she said had to arrive before July 4th. Inside were 28 pounds of fireworks, bottle rockets and illegal, high-powered firecrackers known as M-80s.

“It would have taken down a plane no problem,” says Bernstein, recalling an incident from two summers ago that underscores the difficulties private shippers have with keeping hazardous materials off planes.

The Associated Mail and Parcel Centers, which represents over 3,000 small shipping centers, estimates that each year thousands of packages like this one slip unnoticed onto planes all over the USA. The leading industry trade group and the government have stepped up efforts to educate the public about shipping flammable goods.

The rapid growth in shipments has made it increasingly difficult to police what goes into packages that crisscross the nation, the association says. Its members are small stores that pack items and funnel packages to the large shipping companies. They handle 29 million packages a year.

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UTi Worldwide acquires Span International Group

Posted by | Nov 17, 2006 | |

UTi Worldwide Inc. (NASDAQ:UTIW) today announced the acquisition of Span America Holding Company, Inc. and Span Manufacturing Limited (together, the “Span International Group of Companies” or “Span”), a value-added provider of integrated and customized supply chain management solutions, primarily in North America. The Span International Group of Companies, headquartered in Markham, near Toronto, Ontario, Canada, was previously privately held and will now become part of UTi’s contract logistics team in the Americas. With annual gross and net revenues of approximately USD39.1 million and USD36.0 million, respectively, for the twelve-month period ended December 31, 2005, the Span International Group of Companies is expected to be accretive to UTi’s net income during the first year. Terms of the transaction were not disclosed.

Founded in 1981 by Binny S. Jind, Span’s president and chief executive officer, Span offers value-added logistics to their wide customer base, representing primarily the electronics, automotive, telecommunications, computer hardware and consumer products verticals. Span’s end-to-end logistics services include vendor managed inventory, material flow integration, pre delivery inspection, screening and quality containment, component customization, sequencing, repackaging, assembly, testing and after-market support, among others.

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FedEx calls for greater flying rights

Posted by | Nov 15, 2006 | |

Express cargo carrier Federal Express has called on the Hong Kong government to provide more fifth-freedom rights to US air cargo operators to run freighter services between Hong Kong and other northeast Asian cities.

“The Hong Kong government has opened up more of the skies in the past few years, but it needs to speed up more bilateral talks with foreign countries in the future,” said Clifton Chua, FedEx Express, managing director for Hong Kong, Macau and Philippines. FedEx Express is a subsidiary of FedEx Corp.

In October 2002, Hong Kong and the United States agreed to expand passenger and air cargo services under a pact which set the stage for a large increase, in three phases, in US airline rights to provide all-cargo services between Hong Kong and third countries, also called fifth-freedom rights. Opportunities have opened up for US carriers under the pact, but some restrictions on frequencies and routes still remain.

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Airbus A380 takes off for round-the-world test flights

Posted by | Nov 13, 2006 | |

The Airbus A380 will take off from France on Monday for a round-the-world test mission, in the final hurdle before the superjumbo becomes the largest passenger plane in service.

The A380 will leave the southern French city of Toulouse at 10:00 am (0900 GMT) for Singapore in the first of seven stops in Asia, an Airbus official told AFP. The crew will then touch down in Australia, South Africa and Canada during the 17-day round of technical tests.

On-board engineers and certified test pilots will put the plane through its paces under simulated commercial conditions, including test landings at key airports, refueling practices and maintenance work.

The 150 hours of flying, which are expected to be the last major tests before approval from regulators next month, come at a difficult time for Airbus amid a hailstorm of bad publicity for its star project.

Airbus has been forced to push back its timetable for deliveries of the A380 three times because of problems encountered when wiring the cabins, with delays now estimated at about two years.

US mail group FedEx announced on November 7 it had cancelled an order for 10 cargo versions of the A380 because of delays to deliveries of the aircraft.

Its competitor Boeing, however, has gone from strength-to-strength on the back of buoyant demand for its 787 Dreamliner jet.

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