Qatar Airways has reaffirmed its commitment to its Japanese routes and denied the recent rumours of withdrawing from Japan following participation in the Qatari-Japanese Economic Forum held in Tokyo on Friday, 20 February 2015. The comments came following a forum visit led by the Emir of the State of Qatar, His Highness Sheikh Tamim bin Hamad Al-Thani, and a group of VIP dignitaries from Qatar’s most significant organisations and companies. Qatar Airways Group chief executive, His … [Read more...] about Qatar dispels rumours of withdrawing from Japan
Airports
Cathay welcomes gov’t budget initiatives
Cathay Pacific Airways welcomed the budget strategy outlined by Hong Kong SAR Government Financial Secretary John Tsang yesterday, and in particular the range of initiatives that will help to promote tourism, trade and investment opportunities in Hong Kong. Cathay Pacific chief executive Ivan Chu said: “We are encouraged by the Government’s plan to launch promotional activities that will help to attract more overseas visitors, business travelers and investors to Hong Kong. As the … [Read more...] about Cathay welcomes gov’t budget initiatives
Cathay welcomes gov’t budget initiatives
Cathay Pacific Airways welcomed the budget strategy outlined by Hong Kong SAR Government Financial Secretary John Tsang yesterday, and in particular the range of initiatives that will help to promote tourism, trade and investment opportunities in Hong Kong. Cathay Pacific chief executive Ivan Chu said: “We are encouraged by the Government’s plan to launch promotional activities that will help to attract more overseas visitors, business travelers and investors to Hong Kong. As the … [Read more...] about Cathay welcomes gov’t budget initiatives
AAR to sell cargo group to Transdigm
AAR announced it would sell cargo handling business, Telair Cargo Group, to TransDigm for a purchase price of US$725 million in cash, subject to adjustments. The Telair Cargo Group is comprised of Telair International, Telair US, and Nordisk Aviation Products. AAR further announced its intention to sell its unprofitable Precision Systems Manufacturing business and will report it as a discontinued operation and record an impairment charge of approximately US$40 million in the third quarter of … [Read more...] about AAR to sell cargo group to Transdigm
UFL welcomes recovery in Australian wine exports
The U-Freight Group (UFL) welcomes the news that Australian wine exports to China have almost recovered to levels recorded before Beijing’s austerity measures severely dented volumes, and believes it will be a major boost for the company’s specialist wine logistics services in the country. Data released earlier this year by the Australian Grape and Wine Authority (AGWA) indicates that total Australian wine exports in 2014 increased by 8 per cent to 40 million litres, with bottled … [Read more...] about UFL welcomes recovery in Australian wine exports
DIAL to exit cargo service operations at Delhi Airport
Delhi International Airport (DIAL), a subsidiary of GMR Infrastructure (GMR), has signed a definitive agreement to sell its 26 per cent stake in Delhi Cargo Service Centre to IDFC Alternatives. Delhi Cargo Service Centre is a 74:26 joint venture between Cargo Service Center India Pvt Ltd and DIAL. Cargo Service Center, which is owned by former promoters of Blue Dart, has management and operational control of the JV. … [Read more...] about DIAL to exit cargo service operations at Delhi Airport