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
Airports
India’s Air Pegasus to take flight mid-Sept
Bangalore International Airport is set to see its third start-up airline take flight, after Air Deccan and Kingfisher, which blazed the Indian skies before going off the radar for differing reasons in a notoriously difficult business environment. Air Pegasus, floated by one of the largest domestic airport ground handling companies - Decor Aviation Private - will take flight in mid-September, linking southern Indian cities with a fleet of three ATR turboprop aircraft. The new … [Read more...] about India’s Air Pegasus to take flight mid-Sept
YTO Express gets 'ok' to launch cargo carrier
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
ANA backs out of Asian Wings stake
Japan's All Nippon Airways (ANA) has dropped its plan to buy a 49 per cent stake in Myanmar airline, Asian Wings Airways, blaming "intensified'' competition in the country as it quickly emerges from years of economic isolation. Asian Wings operates an A321-100 and three ATR72-500s on scheduled flights throughout Myanmar, as well as to neighbouring Thailand. “Competition between new and old airlines in Myanmar has intensified, bringing rapid changes in the external … [Read more...] about ANA backs out of Asian Wings stake
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
Hactl pioneers pharma GDP cert in Hong Kong
Hong Kong Air Cargo Terminals (Hactl) – Hong Kong’s largest cargo handler – is the first handling facility at the airport to achieve Good Distribution Practices (GDP) accreditation, bringing it in line with the World Health Organisation’s (WHO) quality assurance guidelines for the handling of pharmaceuticals. To meet the GDP guidelines, Hactl has enhanced the temperature-controlled zones in its SuperTerminal 1 facility, to accommodate pharmaceutical products … [Read more...] about Hactl pioneers pharma GDP cert in Hong Kong