Australia has admitted that a drift model initially used to determine the best areas to search for wreckage from missing MH370, a Boeing 777-200, was wrong.

IT & Distribution News-Aug. 5, 2015

The global air freight market has grown 3.5% year-over-year (YOY) in the first half, according to IATA’s June Air Freight Market Analysis report.

The European Commission has begun an in-depth investigation to assess whether the proposed acquisition of Netherlands-based TNT Express by US-based FedEx Corp. is in line with European Union merger regulations.

Malaysia’s prime minister has confirmed that the piece of aircraft wing discovered on Reunion Island last week is from flight MH370, the Malaysia Airlines Boeing 777-200 that disappeared last year.

Air travel to and from Greece has been heavily affected as air traffic controllers went on a four-hour strike Aug. 5 at the height of the European summer tourism season.

US exports made possible through Open Skies agreements will contribute $900 billion and 347,000 jobs to the US economy, according to a study commissioned by FedEx to support its opposition to the anti-Gulf carrier campaign headed by American Airlines, Delta Air Lines and United Airlines.

Global distribution system (GDS) provider Amadeus has recorded a first-half profit of €419.6 million ($461 million), up 10.3% compared to the year-ago period.