Hong Kong Air Cargo Terminals Limited (Hactl) has reported a slow down in volume growth in the fi rst quarter, primarily a result of softening in demand in the US and other major export markets. Volume handled in the fi rst quarter was 576,877 tonnes, representing a mild increase of 0.1 percent against the same period last year. The slow down in tonnage growth in the fi rst quarter was primarily attributed to declines in export volume to the major markets : US (-1.1 percent), Europe (-1.4 … [Read more...] about HONG KONG: Slow volume growth in 1Q: HACTL
CHINA: China Eastern eyes new investor
As the three global alliances are vying for a foothold in the Chinese market, China Eastern Airlines is leaving its options open, preferring to identify a new strategic investor before committing to one of the groupings,ATW On-line reported. The carrier told the Shanghai Securities Gazette that it is speeding up talks on selling off a 20 percent-25 percent stake to a new investor, likely a foreign airline that already may be an alliance member. “There is no need to rush now, as we … [Read more...] about CHINA: China Eastern eyes new investor
CHINA: NWA Cargo increases China service
Northwest Air Lines (NWA) Cargo has announced that it has expanded its all-cargo freighter service to include daily frequencies to Guangzhou Baiyun International Airport, in China’s Guandongprovince. “These additional frequencies provide shippers with quicker and more convenient access to China’s largest market,” Jim Friedel, president of NWA Cargo and senior vice president-Pacific, said in a statement. “We are working to provide our customers with faster … [Read more...] about CHINA: NWA Cargo increases China service
CHINA: US, China aim for new open skies pact
The US hopes to reach a new “open skies” agreement with China by the next round of top level talks between the two countries to be held in Washington in May, AFX-ASIA reported, citing US Secretary of TransportationMary Peters. Speaking in Beijing last month on her fi rst trip to China as Transport Secretary, Peters was quoted as saying that she was confi dent the groundwork for a new agreement will be in place by the time of the Strategic Economic Dialogue, and that the new plan … [Read more...] about CHINA: US, China aim for new open skies pact
CHINA: Air China details cargo venture with Cathay
Air China has disclosed details of the new cargo airline it plans to operate in partnership with Cathay Pacifi c Airways, which will be based on the existing services of China Cargo Airlineswhich operate out of Beijing. The new carrier, in which Air China will hold a 51-percent majority stake, is scheduled to start in June and will hub in Shanghai. Air China currently holds a stake of 51 percent in China Cargo Airlines (CCA), while Citic Pacifi c and Beijing Capital Airport Group have stakes … [Read more...] about CHINA: Air China details cargo venture with Cathay
Leadership challenges for Asian aviation
Speaking at the recent Asia Pacifi c Aviation Media Association’s (APAMA) Aviation Lecture in Singapore, the director general and CEO of the International Air Transport Association (IATA), Giovanni Bisignani urged Asia to take a greater leadership role in shaping the global aviation industry. Unfortunately, cargo didn’t feature prominently in his speech despite the fact that especially Asian carriers derive a signifi cant portion of their overall revenue from cargo. Some … [Read more...] about Leadership challenges for Asian aviation
