News in Brief

Business Buzz ¦ The International Air Transport Association (IATA) revised its airline financial forecast for 2009 to a global loss of $9 billion. It is nearly double the association’s March estimate of a $4.7 billion loss, reflecting a rapidly...


Business Buzz

¦ The International Air Transport Association (IATA) revised its airline financial forecast for 2009 to a global loss of $9 billion. It is nearly double the association’s March estimate of a $4.7 billion loss, reflecting a rapidly deteriorating revenue environment, according to the association. IATA also revised its loss estimate for 2008 to $10.4 billion from the previous estimate of $8.5 billion.

¦ Swissport Cargo Services, the airfreight division of aviation groundhandler Swissport International, has been named Air Cargo Handling Agent of the Year for 2008/2009. The distinction was bestowed by Air Cargo Week magazine at the recent Transport Logistic fair in Munich, Germany.

¦ Lufthansa Cargo AG announced that it is continuing to campaign for a practicable night flight regulation at Frankfurt Airport. At the beginning of the hearing before the Higher Administrative Court in Kassel, the Workers Council of the airfreight company launched an information offensive for the retention of night-time cargo flights. With an information campaign in the next few weeks, the Workers Council wants to focus on the concerns of around 3,000 Lufthansa Cargo employees in Germany. The State of Hesses Higher Administrative Court in Kassel began hearing the objections to the Planfeststellungsbeschluss on the expansion of Frankfurt Airport — and, in particular, about a possible ban on night flights. Lufthansa Cargo has deferred an investment in a new logistics center at Frankfurt Airport until a corresponding decision has been made.

¦ Tronair Inc. announced that Gulfstream has added the JETporter JP100S electric towbarless tug, with a towing capacity of 100,000 lbs, to their ground support equipment catalog.

¦ Air T Inc. announced record consolidated net earnings of $4,379,000 ($1.81 per diluted share) for fiscal
2009, which ended March 31, 2009,
compared to net earnings of $3,402,000 ($1.40 per diluted share) for fiscal 2008. Consolidated revenue for fiscal 2009 was $90,668,000 compared to $78,399,000 for fiscal 2008. This 16-percent increase resulted from a $3,654,000 (10 percent) increase in ground equipment sales revenue, a $3,729,000 (9 percent) increase in air cargo revenue, and a $4,886,000 increase in ground support services revenue.

Partnerships/Acquisitions/Contracts

¦ Defense and support services company VT Group (VT) has begun a contract with BAA to manage Edinburgh Airport’s fleet of vehicles and ground support equipment. The contract with BAA will see VT ensure the airport’s entire fleet of 170 vehicles and equipment is available for deployment and ranges from cars, coaches and trucks to specialist Carmichael Viper emergency fire appliances and Mercedes-Benz Unimog 4x4 snow plows. VT will provide 24-hour, seven days a week fleet management, availability and logistics across BAA Edinburgh, backed by mobile support vehicles.

¦ National Aviation Services (NAS) announced the signing of an agreement with Royal Jordanian Airlines for the provision of ground handling and support services at the Kuwait International Airport. Through this agreement, NAS will provide Tunisair with airline ground handling services like ground/ramp support, passenger services and cargo management.

¦ As of June 1, 2009, Swiss WorldCargo, the air cargo division of Swiss International Air Lines Ltd., and Jettainer extended their
ULD management agreement for another five years. The agreement terms are aimed to provide Swiss WorldCargo with significantly enhanced flexibility to adapt the ULD fleet size to demand.

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