LATAM Cargo -Boeing 767-316F/ER If there’s a “Latin America turnaround” happening, it sure didn’t manifest itself in LATAM Cargo’s books in the month of October, as the struggling cargo operator’s revenue tonne kilometers (RTKs) fell 2.9 percent, dragging the year-to-date total down to 1.5 percent. LATAM Cargo is also cutting capacity, with
Author: Jack Smith
DHL to break ground on ‘8-figure’ freight facility near Hanover Airport
DHL Freight hub European road-freight service provider DHL Freight is making “an eight-figure investment” in a new 7,800-square-meter freight hub at the Hanover Airport Business Park in Langenhagen, Germany. DHL Freight expects its investment to translate into improvements in LTL (less-than-truckload) and FTL (full-truck-load) transport. Groundbreaking is scheduled for the beginning
Where Self-Driving Cars Go to Learn
Arizona’s promise to keep the driverless car industry free of regulations has attracted dozens of companies, including Uber, Waymo and Lyft. PHOENIX (NYT) - Three weeks into his new job as Arizona’s governor, Doug Ducey made a move that won over Silicon Valley and paved the way for his state to become a driverless
Emirates unveils new lavish, first-class cabin suites
Emirates New First Class Cabin Emirates is giving passengers a way to experience the feeling of a private jet while onboard a major airliner. The airline unveiled its new first-class cabin for its Boeing 777 jets at the Dubai Air Show. Boasting a color palette of greys, cream, and champagne gold, it
Mercedes is quietly becoming Tesla’s biggest rival
Mercedes is quietly becoming Tesla’s biggest rival Daimler, Mercedes' parent company, has made it clear it plans to rival Tesla on everything from electric cars to residential energy products. Daimler is investing $11 billion to electrify its fleet of vehicles by 2020. Tesla's stock has rivaled General Motors and Ford as
Govt, banks now control 87 per cent of Kenya Airways
Kenyan Airways Kenyan - The Treasury and 10 local banks will control 87 percent of Kenya Airways (KQ) under the national carrier’s debt restructuring plan which will see them convert loans of Sh44.2 billion to equity. The government’s stake in the plan will rise to 48.9 percent from 29.8 percent, while the
Heathrow Airport marks a record-breaking year
Passengers waiting to board their flights at Heathrow airport The mega-hub recorded a boost in passenger numbers to more than 6.5 million passengers in October. This is an increase of 2.8 per cent on last year. The Middle East has been the fastest growing market for Heathrow, increasing 11.8 per cent as larger, fuller
Uber board strikes agreement to pave way for SoftBank investment
Uber App on a mobile phone SAN FRANCISCO Reuters- Uber Technologies Inc’s warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder. Venture capital firm Benchmark,
Hawaii’s Island Air shuts down after 37 years of flight
N945WP Island Air ATR 72-212 HONOLULU (AP) — Hawaii's second-largest airline, Island Air, shut down Friday after exhausting all options to keep flying. Island Air, which has about 400 employees, made the announcement Thursday. The company filed for bankruptcy protection on Oct. 16 after its aircraft lessor attempted to repossess the company's three
Volume growth slows at Fraport’s airports in October
Cargo Hub In Frankfurt Frankfurt Airport is home to around 250 airlines, freight forwarders, cargo handlers and other logistics service provider. It is a major hub for international transport of mail and parcels, equipped with state-of-the-art infrastructure and technology. Besides being a major hub for international cargo shipments, Frankfurt Airport has also developed into a center for courier