Despite what it described as a difficult overall market situation, Cargolux Airlines International S.A. ended 2014 on a positive note. "While the industry continued to suffer from overcapacity and noticeable pressure on yields, Cargolux benefited from a very strong last quarter in 2014. Combined with a rapidly declining oil price, the airline achieved record levels of block hours and tonnages while enjoying a welcome increase in yields,” it said. This enabled Cargolux to complete the … [Read more...] about Cargolux posts upbeat 2014 results
Airports
IATA criticizes Indonesia’s new cargo regulation
The International Air Transport Association (IATA) has raised its concerns about a new regulation on air cargo and supply chain safety issued by the Indonesia’s Transportation Ministry, saying it could reduce the competitiveness of Indonesia’s air freight. The new regulation, No. 32/2015, requires additional layers of cargo inspections at international airports that will create additional costs. Logistics companies are now required to have their cargos screened by regulated … [Read more...] about IATA criticizes Indonesia’s new cargo regulation
Portland-Asia cargo flight to be revived
Oregon governor Kate Brown has approved a fund of US$50,000 aimed at trying to ensure an air cargo service between Portland and Asia is resumed. It's one piece of a US$300,000 plan by the State of Oregon and the Port of Portland, which owns and operates Portland International Airport, to compensate for the loss of a marine container terminal, now that Terminal 6 has lost both of its major shipping lines. Korea’s Asiana Airlines discontinued its freighter flights from Incheon … [Read more...] about Portland-Asia cargo flight to be revived
IATA criticizes Indonesia’s new cargo regulation
The International Air Transport Association (IATA) has raised its concerns about a new regulation on air cargo and supply chain safety issued by the Indonesia’s Transportation Ministry, saying it could reduce the competitiveness of Indonesia’s air freight. The new regulation, No. 32/2015, requires additional layers of cargo inspections at international airports that will create additional costs. Logistics companies are now required to have their cargos screened by regulated … [Read more...] about IATA criticizes Indonesia’s new cargo regulation
Changi reduces airport usage fees
Changi Airport Group (CAG) announced several reductions and rebates to aeronautical fees at Singapore Changi Airport, which will benefit airlines, ground handling agents and passengers. These include reductions to passenger service fees for transfer/transit passengers, landing fees for larger aircraft types, and franchise fees for flight catering and ground handling services. Existing rebates on landing fees for long-haul flights, aircraft parking and aerobridge charges will also be … [Read more...] about Changi reduces airport usage fees
Delhi, Schiphol to jointly promote trade lane
Delhi Airport and Amsterdam Airport Schiphol have signed a Memorandum of Understanding (MoU) to collaborate on, and promote, cargo business between them. The MoU’s scope includes business promotion, product development, knowledge sharing, training, performance benchmarking and regulatory agency cooperation. It is intended to enhance Delhi’s and India’s logistic capabilities at a global level. Speaking at the signing ceremony in Delhi, I Prabhakara Rao, CEO, DIAL … [Read more...] about Delhi, Schiphol to jointly promote trade lane