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UPDATE - DHL denies FedEx report
- NEW YORK, Jan 25 (WorldACD) - A DHL spokesman said parent company Deutsche Post World Net has no plans to sell its U.S. express delivery service to its Memphis-based rival FedEx Corp.
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Tata reportedly buys stake in Indian cargo airline
- MUMBAI, Jan 28 (WorldACD) - The Tata group, which has a 6 percent stake in New Delhi-based low-cost airline SpiceJet Ltd, has picked up a stake in Bangalore-based cargo airline Quikjet Cargo, the Wall Street Journal reported.
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Alaska Airlines to inspect 35% of fleet
- SEATTLE, Jan 29 (WorldACD) - Alaska Airlines will inspect the wing flaps of all its 737-400s after three emergency landings in the past three weeks.
The inspections won’t ground the planes, which make up 35 percent of the airline’s fleet.
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Asia's airfreight to further switch to ocean transport
- TAIPEI, Jan 30 (WorldACD) - The woes for airlines are going to continue, and industry executives and analysts alike predict further migration of cargo from air to ocean, a trend that has been hurting airlines' freight volumes out of Asia over the past two years, CargoNews Asia reported.
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TREND - Annual freight growth slows slightly – IATA
- GENEVA, (WorldACD) - International air freight traffic grew by 4.3 pct in 2007,
the International Air Transport Association (IATA) reports in its latest monthly traffic bulletin.
"This is down slightly from growth of 4.6 pct seen in 2006 and much lower than the 7-8 pct growth trend of recent years,” IATA says. “Traffic increased 4.7 pct in December, up from 3.5 pct in November, “largely due to temporary, year-end related factors.”
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