Region – Page 227
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News
Hong Kong sees 'slight growth' in April's cargo volumes
Hong Kong International Airport (HKIA) recorded a “slight growth” in cargo volume during April, up by 1.2% on the same month 2015 to 365,000 tonnes.A spokesman for the number one air cargo hub said: “The growth in cargo throughput last month was mainly attributed to a 10% year-on-year growth in ...
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NewsEuropean monthly: A new hope as European airlines return to growth
Europe’s major cargo carriers have seen cargo volumes return to growth in April after a difficult start to the year.All four major European airlines monitored in the Air Cargo News monthly spotlight recorded a year on year increase in demand in April for the first time since March 2014.It follows ...
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News
Pelican picks Singapore for Asian HQ
Pelican BioThermal, a provider of temperature-controlled packaging solutions for the life sciences industry, has opened a new Asia headquarters in Singapore.The location will be the central base for the company’s Asia sales office, Credo on Demand rental fleet depot and be the regional distribution hub for their Credo reusable and ...
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News
DSV's UTi acquisition sees airfreight soar but profits take a hit
DSV Air & Sea has recorded drastically improved airfreight volumes as its latest acquisition, UTi, is included in its opening quarter results for the first time.During the first quarter of the year, DSV, which recently won the Air Cargo News forwarder of the year award, saw airfreight volumes increase by ...
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News
April surge for Frankfurt cargo volumes
Frankfurt Airport has returned to cargo volume growth for the first time in the current business year with a 5% surge in April to 181,948 tonnes.Europe’s number one hub by cargo throughput said that Far East traffic was the main growth driver last month, with cargo tonnage to/from this region ...
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News
Reports suggest HNA could invest in CWT Logistics stake
Chinese conglomerate HNA could be about to expand its freight business as reports suggest it is set to launch a bid to take a controlling interest in CWT Logistics.Reports emerged last week that HNA, which has stakes in several airlines, including Hainan Airlines and Tianjin Airlines, and logistics businesses, is ...
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News
Liege opens first class lounge for four-legged VIPs
Liege Airport has officially opened a ‘Horse Inn’ for travelling equines, aiming to tap into growing demand for purpose-built resting and loading areas.The €2.6m facility will cater for all horses in transit at the Belgian gateway, whether by air or road.Liege Airport is also sponsoring top Belgian show jumper and ...
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News
Parma to be Etihad cargo hub
Etihad Airways has signed an exclusive agreement to develop cargo traffic at Parma airport in central Italy.The deal initially includes setting a transit centre at Parma Giuseppe Verdi to receive cargo for forwarding to Milan Malpensa Airport for onward transport.The new hub will feed traffic to and from flights operated ...
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News
Air New Zealand agrees to $35m in US air cargo cartel payout
Air New Zealand is the latest airline to reach a settlement with plaintiffs in the ongoing air cargo cartel lawsuit in the US.On Sunday, lawfirm Kaplan Fox & Kilsheimer (KFK) announced that the airline had reached a $35m settlement, subject to court approval, pushing the total amount raised through agreements ...
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News
Saudia Cargo and Virgin Atlantic Cargo to expand partnership in the US
Saudi Airlines Cargo is hoping to expand its presence in the US through a new partnership with Virgin Atlantic Cargo.The deal will see Saudia Cargo offer its customers space on Virgin Atlantic Airlines flights in the US, particularly for cargo that requires special attention, such as flowers, fruit and seafood.Saudia ...
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News
LCI leases freighters to Turkish operator
LCI, the aviation leasing arm of the Libra Group, has increased its fleet of dedicated maindeck freighter aircraft.Two additional Boeing 747-400F aircraft are now flying for Qatar Airways and Saudia, Saudi Arabian Airlines, and are being operated by ACT Airlines, known as myCARGO Airlines, the Turkish wet-lease operator.The two Pratt ...
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News
UK forwarders latest to urge action on runway decision
UK forwarder association the British International Freight Association (BIFA) has backed a Transport Committee report urging the government to make a decision over airport expansion.BIFA director general Robert Keen said that the 1,500 companies within BIFA share the Transport Committee’s belief that the delay risks damaging UK economic growth by ...
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News
German rail to sell a minority stake in Schenker
Deutsche Bahn (German railways) has confirmed plans to push ahead with the sale of a stake in its DB Schenker forwarding and logistics arm.It confirmed today (5 May) that the management board is to develop an implementation plan for a third-party minority holding in DB Schenker, as well as its ...
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News
Seko finds UK aerospace home
Seko Logistics has opened its first Centre of Excellence for the UK aerospace and aviation sector at Farnborough Airport near London.Seko already has similar centres in Europe, the Americas and Asia Pacific, while its global aerospace and aviation headquarters is in Dallas, the second largest aerospace market in the world.Farnborough ...
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News
Terror attacks hit Brussels Airlines cargo Q1 results
Brussels Airlines says its cargo traffic in March was sharply down, due to the terrorist attacks on its home airport on March 22.The Lufthansa Group subsidiary said that cargo traffic was largely interrupted after that date and that the total of 2,609 tonnes reflected a decrease of 21% compared with ...
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News
Mixed first quarter fortunes for Frankfurt
Frankfurt airport operator Fraport said it had mixed financial results in a challenging business environment in its interim report for the first quarter of 2016.With passenger traffic still growing - up 3.3% year-on-year, Fraport achieved higher revenue from airport and infrastructure charges as well as from aircraft handling, but this ...
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NewsChina Southern, Air China and SIA see cargo return to growth in March
There was a slight improvement in the fortunes of some of Asia’s largest cargo carriers in March as three airlines saw demand increase against last year, but declines were registered at a further four companies.The region’s largest cargo carrier Cathay Pacific saw demand decrease by 4.1% year on year in ...
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News
Transport committee backs Heathrow expansion and urges UK government to avoid further delays
The UK transport committee has backed the expansion of Heathrow airport and warned that any further delays in making a decision could result in lost growth.A Transport Select Committee today issued a report on its investigation into airport expansion in the UK.The committee backed expansion at Heathrow, following on from ...
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News
Berlin’s new airport nightmare refuses to go away
In the latest twist in the saga of Berlin’s new airport, prosecutors are investigating reports that an engineer working on Berlin's troubled new Brandenburg airport was poisoned for whistleblowing.According to German media, the man, aged about 50, had been threatening to lift the lid on payments paid to officials involved ...
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News
CEVA profits stay strong despite soft market
Logistics firm CEVA says it maintained profitability in the first quarter of 2016 despite “market headwinds” that continue to affect all industry players.Excluding currency factors, revenue dropped 5.3% from $1.7bn in first quarter 2015 to $1.6bn during the same period this year as a result of rate decreases.Earnings were up ...