Malaysia Airlines Cargo (MASkargo) is expecting RM2.8 billion (US$782 million) in revenue this year, up from RM2.75 billion in 2007, despite challenges in the global economy, managing director Shahari Sulaiman said recently. In the second quarter this year, MASkargo achieved a nine per cent increase in revenue of RM586 million from RM538 million in the same quarter last year. Speaking to reporters on the sidelines of the 14th World Route Development Forum (Routes KL 2008), Shahari said … [Read more...] about Malaysia : MASKargo sees revenue rise despite downturn
Japan : Japanese carriers drop NY freighter service
Direct maindeck cargo capacity between Japan and New York will be nonexistent come this January as NCA and JAL cargo both scale back transpacificcapacity. Nippon Cargo Airlines stopped flying to Kennedy International Airport in August, and now serves the New York market with trucks running between JFK and Chicago. Japan Airlines cut back its freighter service to New York from five flights a week to four from late October and will drop its all-cargo service to New York completely at the end … [Read more...] about Japan : Japanese carriers drop NY freighter service
Vietnam : Vietnam, US open cargo skies a bright spot
Vietnam and the US have agreed to the terms of an Open Skies agreement that will effectively eliminate restrictions on air cargo routes linking the two countries. The new pact will give air carriers from both countries the go-ahead to carry cargo to or from third countries. The agreement was signed recently in Hanoi, where members of the Vietnam’s Civil Aviation Administration and the US Bureau of Economic, Energy and Business Affairs held meetings over the past several weeks at the US … [Read more...] about Vietnam : Vietnam, US open cargo skies a bright spot
Qantas Freight rolls out new business strategy
As part of its business reorganisation last year, Qantas Freight Enterprises (QFE) was created to encompass the activities of Qantas Cargo and Express Freighters Australia, alongwith the Group’s equity investments in Star Track Express Holdings Pty Limitedand Australian Air Express Pty Limited. The airline said that the move was aimed to position its portfolio businesses for greater growth and diversity outside their traditional aviation areas, and also provide alternative ownership … [Read more...] about Qantas Freight rolls out new business strategy
Toll forges ahead, focuses on Asian acquisitions
Headquartered in Australia, the Toll business has come a long way since it started in 1888 in Newcastle hauling coal with horse and cart and is Australia’s largest transport company with operations in road, rail,sea and air. In 1986, Toll was sold to a management buyout team, and in 1993 the company was listed on the Australian Stock Exchange (ASX). Since the listing, Toll has progressively grown into a leading ‘integrated total logistics provider’ locally and … [Read more...] about Toll forges ahead, focuses on Asian acquisitions
Australia’s air cargo gateway nears capacity
Sydney Airport (also known as Kingsford Smith International Airport) is both the major passenger airport serving Sydney, the main hub for Qantas and Australia’s keycargo gateway. The airport – managed by Sydney Airport Corporation Limited (SACL) – also has the honour of being one of the oldest continually operated airports in the world and the busiest airport in Australia, handling 31.9 million passengers and 290,346 aircraft movements in 2007. It was the 28th busiest … [Read more...] about Australia’s air cargo gateway nears capacity
