Seeking to tap China’s 2015-estimated nine million tonne air freight market, YTO Express is the latest Chinese express provider to receive approval to launch a domestic cargo airline. The Hangzhou Xiaoshan International Airport-based carrier will initially operate either B737-300 or 737-400 freighters on domestic routes with plans to expand to 15 Boeing freighters in the next three years. The company plans to invest CNY5.5 billion (US$890 million) in its … [Read more...] about YTO Express gets 'ok' to launch cargo carrier
Aircraft Manufacturers
WTO talks fail as India derails process
Negotiations for the first major global accord in the World Trade Organisation’s 19-year history which would have standardised customs rules, collapsed today over food-subsidy objections raised by India. Negotiators for a Trade Facilitation Agreement at WTO headquarters in Geneva failed to agree as a midnight deadline passed to implement part of the accord by the end of July as India refused to proceed without assurances the pact would allow it to keep protections for its … [Read more...] about WTO talks fail as India derails process
Air Astana takes delivery of third B767-300ER
Air Astana's third B767-300ER arrived in Almaty yesterday, bringing the average age of the fleet down to only 5.4 years; the youngest in Central Asia and one of the youngest in the world. The first two new B767s for Air Astana were delivered in December 2013. The aircraft are operated on long haul routes from Almaty and Astana to Bangkok, Frankfurt, Kuala Lumpur and Seoul. The Air Astana fleet comprises of 30 B767, B757, A320 and Embraer … [Read more...] about Air Astana takes delivery of third B767-300ER
ANA takes delivery of first B787-9 Dreamliner
Boeing and All Nippon Airways (ANA) have celebrated the delivery of the airline’s first B787-9 Dreamliner. ANA will become the world’s first airline to operate both the B787-8 and B787-9 variants of the Dreamliner family when the airline launches B787-9 services on domestic Japanese routes in August. With this delivery, ANA will have 29 B787s in its fleet, more than any other operator in the world. “The 787 Dreamliner is a key element in our growth strategy and … [Read more...] about ANA takes delivery of first B787-9 Dreamliner
SIA Cargo revenue down despite slight yield gain
The Singapore Airlines Group earned an operating profit of SG$39 million (US$31.2 million) in the first quarter of the 2014-15 financial year, $43 million (-52.4 per cent) lower than last year. After non-operating and exceptional items, Group net profit was $35 million, down $87 million (-71.3 per cent) over the same period last year. Group revenue fell $158 million (-4.1 per cent) to $3,682 million. Passenger revenue declined year-on-year on the back of weaker yields amid intense … [Read more...] about SIA Cargo revenue down despite slight yield gain
Asia Pac carriers see 4.7% rise in cargo demand
Preliminary traffic figures for the month of June released by the Association of Asia Pacific Airlines (AAPA) showed continued expansion of both air freight and international passenger markets. For the region's carriers, demand for air freighted goods continued to grow in the month of June, helped by positive consumer and business sentiment in major developed economies. Overall, air freight demand in freight tonne kilometre (FTK) terms grew by an encouraging 4.7 per cent … [Read more...] about Asia Pac carriers see 4.7% rise in cargo demand