January 1, 2014 marks exactly 100 years since the birth of commercial aviation. From IATA pressroom: Celebration of first paying passenger flight launches year of reflection on contribution of aviation to modern life On 1 January 1914, a team of four visionaries combined efforts in the first scheduled commercial airline flight Percival Fansler organised … [Read more...]
Modest Increase Air Cargo Demand for 2014
Per the IATA Press Release No. 69 dated 12 December 2013 The airline financial outlook for cargo demand remains largely 'stagnant'. Airlines are expected to carry a modest increase of 52.5 million tonnes in 2014. This small increase in demand is expected to be offset by a decline in yields. Cargo revenues are expected to be flat for 2013 and 2014. The “on-shoring” of … [Read more...]
Chinese Man Sentenced to almost 5 Years Prison for Illegally Exporting
CHINESE NATIONAL SENTENCED TO 57 MONTHS INCARCERATION FOR ATTEMPTING TO ILLEGALLY EXPORT AEROSPACE-GRADE CARBON FIBER Defendant Stated The Carbon Fiber Was Intended For A "Jet Fighter Plane" Ming Suan Zhang, a citizen of the People’s Republic of China, was sentenced for violating the International Emergency Economic Powers Act by attempting to export high-grade carbon … [Read more...]
World Air Cargo Growth – Small Improvement in October
There was a small improvement in airfreight growth in October, according to the International Air Transport Association (IATA). The International Air Transport Association (IATA) released figures showing a small improvement in air freight growth in October. Compared to October 2012, there was a 4% growth increase for all regions except for Africa. “Since mid-year we have … [Read more...]
Italian Truckers General Strike December 9th – December 13th
Italian Truckers general strike December 9th - December 13th Today, Monday December 9th, hundreds of striking truckers joined the Pitchfork (Forconi) Movement to block or slow transportation in a number of cities in Italy. Members of the movement are protesting against high fuel prices and taxes. Italian transport minister Maurizio Lupi on Sunday warned the government … [Read more...]