Penauille shows solidity in a crisis
The slowdown in the air transport industry following the 11 September attacks has impacted on performance at Servisair’s French parent company, Penauille Polyservices.
Read MoreTag: Air Transport
ALL HANGAR, NO BLIMP
A once-buoyant German venture has a huge shed, but little else to show for $263 million. In Texas real ranchers disparage an upstart by saying he is “all hat, no cattle.” That western saw aptly describes the current predicament of CargoLifter, a would-be manufacturer of heavy-lift dirigibles that so far has only lifted $263 million from investors. Though the German company has been designing a prototype for four years, a finished vehicle does not exist. What does? A gigantic shed outside Berlin.
Read MoreUK may hold fresh talks with US on air services
UK Ministers will come under pressure this week to seek fresh talks with the US aimed at liberalising air services across the Atlantic.
Several government departments, most importantly the Treasury, the Department of Transport, and the Department of Trade and Industry disagree, however, on the best way to approach Washington over an issue that has long soured relations.
Officials have failed to reconcile differing views within the government. It is expected that Tony Blair will be forced to intervene to seek a compromise, triggering another round of heavy lobbying by British Airways and Virgin Atlantic.
FedEx' Direct Flights: Japan, Beijing, Shanghai
FedEx Express has revised its existing service to include direct flights from Japan’s Narita airport to the Beijing and Shanghai airports. The changes involve the addition of three routes: from Narita to Beijing, from Narita to Shanghai, and from Beijing to Narita. ‘The flights follow the expansion of China’s distribution needs following its entry to the WTO,’ said FedEx Asia Pacific president David L. Cunningham. FedEx currently provides services to 202 Chinese cities and plans to add more in the next few years
Read MoreBAX Globals Plan in Action
BAX Global is scrapping its former heavyweight integrated air model in favor of a lower-cost, mode-neutral plan it hopes will put the company on a consistent and profitable track, something it hasn’t achieved in a long time.
Eighteen months into a three-year plan to shift the focus from its domestic airline to an army of lower-cost trucks to move customers’ high-priority, heavy-weight shipments, the Irvine, Calif.-based company is showing some signs of success.
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