Air Freight and Logistics
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June 19- FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia.
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While inconsistent and bumpy, the U.S. economy is slowly showing signs of improvement, Ryder System CEO Gregory Swienton told CNBC Wednesday.
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Indian airlines walked away from the Paris Air Show with a third of the airplane orders last week — a $23 billion gamble that air will finally conquer rail despite a formidable list ofobstacles.
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The announcement that Ryanair will develop a new airplane with state-backed Chinese aircraft manufacturer COMAC on Tuesday at the Paris Air Show is the latest step towards a Chinese-made large commercial airplane.
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The U.S. economy is in a "tentative" recovery but there are signs it is slowly improving, Schneider National CEO Chris Lofgren told CNBC Tuesday.
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The Chinese come to the Paris Air Show as both the world’s largest purchaser of jetliners and a budding manufacturer projected by some to one day challenge the dominance of Boeing and Airbus.
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The aerospace sector is “closer to the beginning than the end” of an upswing in orders, the chief executive of Boeing told CNBC Monday.
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Expect to see biofuels powering more flights in the coming months, as next-generation “green” fuels get the green light to take off.
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Cash-strapped nations are only now starting to loosen the purse strings on defense spending, and many may still be looking for bargains at the Paris Air Show this year..
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Known as the BRICs, Brazil, Russia, China and India look to compete on level ground with traditional players in the aviation industry.
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Strong travel bookings and surging global sales will translate into 1,040 commercial-plane deliveries worldwide this year and 1,225 next year, after two very lean years.
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Demand for business jets could be flying high once again, as the economy slowly recovers and emerging global markets enter the fray. While business might not be picking up full throttle just yet, there is “cautious optimism” based on three important industry markers.
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Given the doom and despondency across so many parts of the EU economy and with European governments tumbling over themselves to reverse years of living beyond their means, next week's Paris Air Show at Le Bourget should provide something to cheer, writes Howard Wheedon, Senior Strategist at BGC Partners.
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The aviation industry is in recovery mode, but a lot depends on whether positive forecasts for 2011 and 2012 pan out. The Paris Air Show in late June will shed some light on that.
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