AirAsia X, the long-haul arm of Malaysia-based AirAsia, will spread its wings to the US for the first time later this year. The low-cost airline said in a regulatory filing Monday that it plans to begin four weekly flights between Kuala Lumpur and Honolulu International Airport on 1 November. Group CEO Datuk Kamarudin Meranun announced that plans are also underway to resume flights to Europe, a route the airline operated in 2012 but cancelled due to high fuel costs. He also said that the … [Read more...] about AirAsia X eyes London, Hawaii
Airports
FedEx set to buy TNT for €4.4 billion
FedEx Corp's €4.4 billion bid Tuesday for TNT Express took the world's last large potential integrator acquisition target off the table, marking a victory in FedEx's battle to gain market share from rival United Parcel Service Inc. In 2013, European regulators blocked a $6.9 billion bid from Atlanta-based UPS, the world's largest package delivery company, for TNT on grounds that the combined companies would have more than 30 per cent of the European market. The transaction would … [Read more...] about FedEx set to buy TNT for €4.4 billion
IATA: CNY, US port delay boost Feb air freight
The International Air Transport Association (IATA) released February data for global air freight markets showing a sharp increase in year-on-year air freight volumes. Growth measured by freight tonne kilometers (FTK) was up 11.7 per cent in February, compared to February 2014. Capacity grew 7.4 per cent. Much of the impressive February result is due to the timing of the Lunar New Year activities. Air freight is given a strong boost in the weeks leading up to the holiday, which last year fell … [Read more...] about IATA: CNY, US port delay boost Feb air freight
China Air begins Taoyuan-Shenzhen
Taiwan's China Airlines (CAL) has launched a new freighter service from Taoyuan to Shenzhen. The airline will operate three flights per week on this route using B747-400F jets. CAL said it is believes the new route could meet the growing demand for the shipment of consumer electronics and express air parcel as Shenzhen is a major hub for e-commerce and online shopping. Eyeing more lucrative cargo business in 2015, CAL said it hopes the route could help establish a more comprehensive shipping … [Read more...] about China Air begins Taoyuan-Shenzhen
Turkish Cargo adds two destinations
Turkish Cargo is offering new services to two cities: Chicago and Kuwait City. The all-cargo weekly flight to Chicago O’Hare will supplement the already healthy belly capacity currently available in multiple Turkish passenger flights to cities in both the US and Canada. The flight to Kuwait will also be operated once every week, heading non-stop to Kuwait City on Tuesdays and returning via Dubai World Central on the same day. Both routes will be flown with A330-200Fs. For … [Read more...] about Turkish Cargo adds two destinations
Dubai invests US$1.2B in airport upgrade
Dubai Airports has confirmed its US$ 1.2 billion (AED 4.3 billion) investment in new and upgraded facilities for the over 110 international airlines that operate from Dubai International’s Terminals 1 and 2. Concourse D, when it opens later this year, will become the new US$ 517 million (AED 1.9 billion) home to nearly 100 airlines that currently occupy Concourse C. It will feature 21 contact stands, of which four will be able to accommodate A380 or B747 aircraft, and 11 remote … [Read more...] about Dubai invests US$1.2B in airport upgrade