A year after failing in its bid to buy London’s Gatwick Airport, Vancouver Airport Services said it reached an agreement with United Kingdom-based Peel Group to buy 65 per cent of Peel Airports Ltd. The group includes the John Lennon Airport, a major hub for European low-cost carriers easyJet and Ryanair, as well as the Robin Hood Airport Doncaster Sheffield and the Durham Tees Valley Airport. The acquisition brings to 19 the number of airports in Vancouver Airport … [Read more...] about Vancouver airport group buys into UK airports
Airports
Paris-Vatry cargo volumes continue sliding south
Cargo traffic at the all-cargo Paris-Vatry airport plummeted to around 3,300 tonnes in the first six months of 2010, compared with 14,000 tonnes for the same period last year. The sharp decline in tonnage — when airports around the world are recording, in many cases record growth as the industry recovers from 2009’s devastation — is testimony to the impact of losing its two largest customers. Both Avient and DHL withdrew from Paris-Vatry last year, sending … [Read more...] about Paris-Vatry cargo volumes continue sliding south
Still some turbulance in Japan’s air cargo sector
A mixture of asset write-downs, restructuring, consolidation and recovery is on the cards for the Japanese airfreight sector, according to a new report from Business Monitor International . The bankrupt Japan Airlines (JAL), Asia's largest air carrier, was expected to have registered an operating loss of nearly US$1.7 billion in the fiscal year ended 31 March 2010. This was attributed to a sharp decline in revenues resulting from a rapid slowdown in the Japanese economy. After 2009's very steep … [Read more...] about Still some turbulance in Japan’s air cargo sector
AAT sees continued rise in throughput for July
Asia Airfreight Terminal Co Ltd (AAT) has announced that its tonnage throughput in July 2010 was 61,363 tonnes, recording a growth of 44 per cent compared with the same period last year. Export cargo registered 42,808 tonnes, a growth of 53 per cent when compared with the same month last year. Import cargo volume for July was 18,154 tonnes, up 27 per cent while transhipment cargo volume was 402 tonnes, down 20 per cent when compared against corresponding period in 2009. Cumulative export tonnage … [Read more...] about AAT sees continued rise in throughput for July
Still some turbulance in Japan's air cargo sector
A mixture of asset write-downs, restructuring, consolidation and recovery is on the cards for the Japanese airfreight sector, according to a new report from Business Monitor International . The bankrupt Japan Airlines (JAL), Asia's largest air carrier, was expected to have registered an operating loss of nearly US$1.7 billion in the fiscal year ended 31 March 2010. This was attributed to a sharp decline in revenues resulting from a rapid slowdown in the Japanese economy. After 2009's very steep … [Read more...] about Still some turbulance in Japan's air cargo sector
TSA claims 100% screening a success, but int’l in a “few years”
The US Transportation Security Administration (TSA) has said the 1 August deadline for 100% screening of air cargo on domestic passenger aircraft was successfully implemented, but that the same goal for international cargo would only be met in a "few years" time. The TSA said it is continuing its work to improve cargo security on passenger flights originating in other countries, with TSA administrator John S. Pistole saying: "International air cargo is more secure than it has ever been." "TSA … [Read more...] about TSA claims 100% screening a success, but int’l in a “few years”