![]() US's Mountain Air Cargo launches ATR72-600F operations - 16:37 UTC Get your own ch-aviation PRO account today. Aircraft Stored, Scrapped or Written Off at Airport.Airport Lists by State, Country or Continent.Extended Search Options for over 6,000 Airports.Create your own favourite lists to group News articles.Passenger Numbers and Financial Results.Average Fleet and Subfleet age and total number of seats.Legal Name, Address, Phone, LinkedIn page and E-Mail.Search Airlines by Aircraft Type and/or Fleet Size.Search Airlines by Homebase, Country or Routes/Countries served.Search Airlines by Alliance, Airline Type, Status.Historical Information (Launch/End/Merger details).Extended Search Options for over 7,490 Airlines.Full access to all news articles including exclusive stories reported first by ch-aviation."News to go" - Ability to view multiple full news articles on one page.With a ch-aviation PRO subscription you benefit from a wide range of data and information such as: To access our news database including full archive search and exclusive stories reported first by ch-aviation you need to upgrade to ch-aviation PRO. Liège Airport earlier had expected a 5% increase in business in 2021. Despite the setback, he maintained the airport’s growth prospects remain strong thanks to its other customers. He said the airport would meet with FedEx management to better understand the rationale for the restructuring and its operational implications. “We were amazed that, without any prior consultation, FedEx decided to restructure its activities and position Liège Airport as a secondary hub,” commented airport Managing Director, Luc Partoune. Some 671 out of 1,532 employees at the airport are expected to lose their jobs, with new working hours and work schedules for the remaining 861 staff. The number of aircraft based there is likely to drop from 40 to 15, with no clarity yet on the impact on night flights. Freight traffic via Liège is expected to gradually shrink by 70%. FedEx Express business currently makes up almost half of all freight handled at Liège, which will be significantly impacted by the downsizing of its status. The plan is expected to result in savings of between USD275-350 million on an annual basis beginning in the fiscal year of 2024, FedEx said, adding that it expects to incur severance charges of between USD300 million and USD575 million through the fiscal year 2023, Reuters reported.īelgian media reported the scale of the planned restructuring had taken FedEx Express's partners by surprise, including Liège airport's management. Over the past few years, weak shipment sales in Europe have led to sluggish growth in the TNT unit and have weighed on FedEx’s results. We will do everything we can to conduct these consultations constructively, with a mindset of collaboration and care for those impacted,” Canavan said. “We understand that while these intended changes are absolutely necessary to put us on the right path, our team members, particularly in Liège, will be concerned about the future. These measures would differ by country and may include voluntary redundancy, reassignment to other roles, and priority access to open positions. A range of support measures would be discussed with affected employees and works council representatives from across the region during a consultation period over the next 18 months. The company in a statement said its dual hub network in the US had been proven over decades with Memphis International as the universal hub and Indianapolis International as the secondary hub.įedEx Express Europe Chief Operating Officer Dave Canavan explained: “Moving towards a dual-hub model is a strategic advantage for us: improving the competitiveness of our Express business, providing us flexibility, and enhancing our growth opportunities”.ĭuplications resulting from operating two large European networks connecting similar geographies would result in redundancies across operational teams and back-office staff, the company said in a statement. FedEx Express currently operates two duplicate air networks out of two main hubs at Paris and Liège. The companies since integrated their IT systems and key parts of the air, road, and ground networks.įollowing the FedEx Express and TNT air networks' physical integration, FedEx Express would establish a dual-hub air network model in Europe, with Paris CDG serving as its primary hub with Liège in Belgium as its secondary hub. The European Commission in 2016 approved FedEx's acquisition of European operator TNT, which specialises in shipments between businesses, as part of FedEx's European expansion plans. FedEx Express (FX, Memphis International) plans to lay-off up to 6,300 employees in Europe as it nears the completion of its network integration with TNT Express and establishes a dual-hub air network on the continent.
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