A seismic shift has taken place in the air cargo industry creating a “new normal” in which Middle East carriers now dominate the sector because of their significant investment, geographic location and keener efficiencies, says Qatar Airways chief executive Akbar Al Baker. He added that legacy carriers have a structure that is “incompetent” for dealing with today’s environment. “Over the past 15 years there has been a seismic shift in commercial cargo landscape – the legacy airlines are losing … [Read more...] about Middle East dominance in air cargo is the “new normal”: Al Baker
JDA Survey: Consumers unforgiving of holiday fulfillment errors
The omni-channel consumer is here and this holiday season, their expectations will not only affect the impending Black Friday and Cyber Monday shopping rush, but also shape how their purchase decisions are made throughout the year. In the new JDA 2015 Consumer Survey of than 1,000 US consumers conducted by JDA Software Group, 50 per cent of consumers indicate that they will be unforgiving of retailers who provided less than satisfactory online delivery experiences, landing some businesses on … [Read more...] about JDA Survey: Consumers unforgiving of holiday fulfillment errors
Panalpina to acquire specialised perishables freight forwarder
Panalpina has announced it will acquire a majority stake in Airflo, a company based in Kenya and the Netherlands specialised in the export handling of flowers and vegetables. Airflo is part of Dutch Flower Group (DFG), a major flower and plant trader. The acquisition reflects Panalpina’s continued expansion in Africa and its increasing focus on the perishables business. Panalpina World Transport Ltd. will acquire a majority stake in Airflo from DFG, subject to conditions. The two companies … [Read more...] about Panalpina to acquire specialised perishables freight forwarder
Emirates reports double-digit revenue, profit growth in H1
The Emirates Group today announced its half-year results for 2015-16, showing continued business growth and a strong performance. Group revenue reached AED 46.1 billion (US$ 12.6 billion) for the first six months of its 2015-16 financial year, down 2.3 per cent from AED 47.2 billion (US$ 12.9 billion) during the same period last year, reflecting the impact of the strong US dollar against major currencies. The double-digit revenue and profit growth were driven by first time consolidation of major … [Read more...] about Emirates reports double-digit revenue, profit growth in H1
Middle East forecast to need 3,180 new aircraft over next 20 years
Boeing forecasts airlines in the Middle East will require 3,180 new aircraft over the next 20 years, valued at an estimated US$730 billion, with 70 per cent of the demand expected to be driven by rapid fleet expansion in the region. According to the Boeing Current Market Outlook (CMO), single-aisle aircraft such as the B737 MAX will command the largest share of new deliveries, with airlines in the region needing approximately 1,410 aircraft. Wide-body aircraft will account for a little … [Read more...] about Middle East forecast to need 3,180 new aircraft over next 20 years
Korean Air’s Cho Yang-ho awarded top honour by France
Cho Yang-ho, chairman of Hanjin Group - which includes both Korean Air and Hanjin Shipping - received the Légion d'Honneur Grand Officier medal, one of France's highest civilian honors, from French President François Hollande at a special ceremony at the Grand Hyatt Seoul Hotel, Seoul, Wednesday. The French government recognised Cho's contribution to business exchanges between the two countries. Cho serves as the chairman of the Korean organizing committee for France-Korea Year 2015-2016. … [Read more...] about Korean Air’s Cho Yang-ho awarded top honour by France
