TNT has announced the signing of an agreement to acquire Expresso Araçatuba Transportes e LogÃÂstica S.A., a key delivery partner of TNT Mercúrio in Brazil's Central West and North regions since 2001. TNT will acquire 100 per cent control of the company with effect from the closing date of the €54 million transaction which is expected by early May, it said in a statement. "This acquisition is a logical next step to building a pan-Brazilian network. On top of strengthening … [Read more...] about TNT to acquire Brazilian delivery partner
Swissport sells German pax handling ops
Swissport International has announced it is selling its passenger handling operations in Germany to Aviation Handling Services GmbH for an undisclosed amount. The sale, which will be formally concluded on 1 June, does not include the cargo handling activities of Swissport Deutschland GmbH, it added in a statement. AHS Aviation Handling Services GmbH is to take over the organisations and operations of Swissport's subsidiary companies at Hamburg, Hanover, Berlin, Frankfurt, Cologne/Bonn, … [Read more...] about Swissport sells German pax handling ops
Swissport sells German pax handling ops
Swissport International has announced it is selling its passenger handling operations in Germany to Aviation Handling Services GmbH for an undisclosed amount. The sale, which will be formally concluded on 1 June, does not include the cargo handling activities of Swissport Deutschland GmbH, it added in a statement. AHS Aviation Handling Services GmbH is to take over the organisations and operations of Swissport's subsidiary companies at Hamburg, Hanover, Berlin, Frankfurt, Cologne/Bonn, … [Read more...] about Swissport sells German pax handling ops
Cargo and pax numbers up in Abu Dhabi
Abu Dhabi Airports Company (ADAC) says March traffic figures for Abu Dhabi International Airport show a modest, but non-the-less positive rise in cargo movements, up two per cent. Mail volumes increased by a massive 39.9 per cent, led by the increase in mail volume to the US and Australia, the ADAC said. The figures also show an overall passenger increase of 7.9 per cent compared to the same month in the previous year, and a daily average of 24,833 passengers. Aircraft movements also increased … [Read more...] about Cargo and pax numbers up in Abu Dhabi
Asian air cargo declines 22% in March
Air cargo demand remained depressed in March, with the latest figures released by the Association of Asia Pacific Airlines (AAPA) showing a 21.9 per cent decline in international freight tonne kilometres (FTKs) compared with March of last year. The AAPA average international cargo load factor fell by five percentage points to 63.2 per cent. "The air cargo business remains severely depressed as a result of the sharp slowdown in international trade. For the first quarter of the year, AAPA … [Read more...] about Asian air cargo declines 22% in March
UPS CEO warns against protectionism
Fresh from announcing a 56 per cent plummet in first quarter earnings, UPS CEO Scott Davis warned that protectionist moves would seroiusly danger the fragile global economy. “UPS will emerge from these difficult times as a more efficient and finely-honed enterprise,†said Davis. He added: “In this worldwide recession, no one should lose focus on global trade. It is one of the most important tools we have to lift us out of this financial crisis. The fragile economic conditions … [Read more...] about UPS CEO warns against protectionism
