Minnesota is opening a Trade Office in the Dusseldorf-Cologne area of Germany to help increase Export opportunities. This news was announced yesterday by Minnesota Officials. Germany was Minnesota's 5th largest trading partner in 2012, accounting for approx $728 million in sales. There are 2 more locations in the works. “As Minnesota continues to compete on a global … [Read more...]
SES: Single European Sky
IATA (International Air Transport Association) hosted the European Commission (EC) regarding Single European Sky (SES). The EC offered proposals in response to the failure of European states to make progress toward the SES. The EC proposals include several elements: The designation of an independent Performance Review Body, The unbundling of support … [Read more...]
IATA upgraded global outlook for the airline industry
The International Air Transport Association (IATA) upgraded the global outlook for the airline industry. They anticipate a $12.7 billion profit in 2013 and is $2.1 billion better profit than projected in March of this year and an improvement on the $7.6 billion profit generated in 2012. Though margins remain weak, the net profit margin is expected to be 1.8%. Even with this … [Read more...]
Air Freight Shows Modest Growth for April 2013
IATA (International Air Transport Association) released the information for April air freight. April showed modest growth of 1.4% compared to April 2012. This small improvement may be an indication that economic conditions may be starting to improve. This small increase helped to offset the 2.6% decline recorded in March compared to the year-ago period. And it continues an … [Read more...]
IATA: March Air Freight weakens
The International Air Transport Association (IATA) released data for March Air Cargo. They report a 2.3% decline in Freight Tonne Kilometers (FTKs) in March compared to March 2012. The US air cargo posted a 5.2% drop in demand while Europe posted a 4% drop in demand. “The March decline in air cargo is most likely a temporary stall. The fundamentals for a sustained … [Read more...]