Page 38 - STAT Trade Times Novemmber 2024 Magazine for Website

World
AIR CARGO

Lufthansa Cargo starts transpacific

flight from Vietnam to US

ufthansa Cargo inaugurated its first direct transpacific
Lfreighter service from Asia to North America with flight
LH8019 taking off from Ho Chi Minh City in Vietnam on October
27, 2024 to Los Angeles, operated by its JV subsidiary AeroLogic.
The aircraft, with the identification D-AALO, had previously taken
off from Frankfurt for Vietnam on October 26, 2024.
With the new flight schedule, Lufthansa Cargo is now offering
customers 89 weekly B777F freighter connections worldwide. This
includes 50 frequencies to 17 destinations in Asia, reflecting the
strong demand in the region.
Lufthansa Cargo reported a 3,700 percent increase in operating
profit (adjusted EBIT) at €38 million for the third quarter of 2024.
Traffic revenue increased 17 percent to €731 million, revenue cargo
tonne kilometres increased 11 percent to 2.1 billion while capacity
was up five percent at 3.5 billion.

Boeing Q3 net loss TATA-Airbus opens C295

zooms to $6.2bn,

9-months loss at $8bn manufacturing facility in India

oeing reported a flat revenue of $18
Bbillion for the third quarter of 2024
but net loss zoomed to $6.2 billion as
the financials reflect impacts of the
International Association of Machinists and
Aerospace Workers (IAM) work stoppage
and previously announced charges on
commercial and defence programmes.
For the first nine months of 2024, Boeing
reported a net loss of $8 billion on revenue
of $51.3 billion, down eight percent.
Boeing workers voted (64 percent)
against accepting the latest contract pro-
posal put forward by their employer. The
vote was against the Boeing deal, which
offered a 35 percent rise in wages over
four years. The union, which has been on ndian Prime Minister Narendra Modi offers short take-off and landing (STOL)
strike since September 13, has been seek- Iand Spanish Prime Minister Pedro capabilities from unpaved, soft, sandy, or
ing a 40 percent pay rise and the return Sanchez jointly inaugurated the TATA grass airstrips.
of the defined-benefit pension. Aircraft Complex in Vadodara, Gujarat, The final assembly line in Vadodara
Boeing had earlier announced plans where the Airbus C295 aircraft will be will integrate the manufacturing of de-
to reduce 17,000 employees and stop the manufactured. tail parts, tooling, sub-assemblies, major
production of 767 freighters, delivering According to Airbus, the C295 can component assemblies and testing
the remaining 767 freighters ordered by carry up to nine tonnes of payload or equipment. Component production for
customers, and then conclude production up to 71 troops at a maximum cruise the C295 aircraft has already begun at
of the commercial programme in 2027. speed of 260 knots. It can reach cruis- the Main Component Assembly (MCA)
ing altitudes of up to 30,000 feet and facility in Hyderabad.
36 | NOVEMBER 2024 www.stattimes.com