Landmark China-US deal opens up air cargo market –
Landmark China-US deal opens up air cargo market –
Read MoreTag: Air Transport
Landmark US-China air pact to boost international trade
FedEx, UPS and American Airlines have welcomed the bilateral aviation agreement between the US and China, which extends through 2010, and provides 111 new weekly US-China flights for US cargo airlines. The US DoT will be responsible for allocating the new flights, the first of which will be available in August. The new agreement contains a key provision that allows US cargo carriers to establish hubs in China once specific criteria are met. The agreement also includes provisions for a 500% increase in cargo capacity between the two countries and underscores the increasing globalisation of commerce and benefits of bilateral trade.
Read MoreDart Group plc – Prelims for Year to 31st March 2004
DART GROUP PLC
PRELIMINARY RESULTS FOR YEAR ENDED 31 MARCH 2004
Dart Group FY profits up, cautiously optimistic on year ahead
Dart Group FY profits up, cautiously optimistic on year ahead
Read MoreUS international mail business up for grabs?
Foreign air carriers may soon get a slice of the lucrative US international mail markets if a current bill to liberalise US postal services gets approved.
Hearings were taking place last week in the House of Representatives on the postal reform act, which includes a complete liberalisation of the air transport of mail, allowing the postal service (USPS) to go to an open bid process. Currently, international US mail has to be carried by US carriers, with foreign companies only allowed to carry mail via codeshares or to destinations not served by US airlines.
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