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
Airports
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
Hactl, Emirates, Schenker deliver 62 horses to HK
Hong Kong Air Terminals Limited (HACTL), forwarder DB Schenker and Emirates coordinated the transport of 62 horses for the Longines Hong Kong Masters, moving them from Liege to Hong Kong. Hactl handled all 62 animals on their arrival from Liege, on board a freighter flight operated by carrier Emirates SkyCargo. The horses were unloaded from the aircraft and transferred to Hactl’s Livestock Handling Centre, specially located to minimise exposure to potentially stressful ramp … [Read more...] about Hactl, Emirates, Schenker deliver 62 horses to HK
DHL invests in new hub at Brussels Airport
DHL will invest EUR 114 million (approx. US$129 million) in the construction of a new hub at Brussels Airport. The new hub is expected to triple capacity from 12,000 to 39,500 shipments per hour. The original Brussels facility was set up in 1985 as a regional hub. In the last five years, Brussels has enjoyed solid double-digit volume growth. Due to this continuous growth and its central location in Europe, the Brussels Hub is increasingly being used as an international and transit hub, … [Read more...] about DHL invests in new hub at Brussels Airport
FMC to expand consultancy services in the Gulf
Juma Ali Juma, chairman of Oman Airports Management Company, and Michael Kerkloh, CEO of Flughafen München GmbH Munich Airport will continue to supply its consultancy services to airports in the Arab states of the Persian Gulf through projects in Doha (Qatar) and Muscat and Salalah (Oman). On a visit by a delegation from Flughafen München GmbH (FMC), the operator for Munich Airport, the cornerstone was laid to continue and expand the cooperation with the partners in those … [Read more...] about FMC to expand consultancy services in the Gulf