Airport ground handling firm Swissport International, a unit of Spain's Grupo Ferrovial is pulling out of Singapore's Changi Airport after chalking up losses of more than S$50 million (US$33.6 million) since starting up operations at Changi in 2005, has chalked up , The Civil Aviation Authority of Singapore said Swissport's airline clients will continue to receive the same level of service through new agreements with either of the two other ground handlers at Changi Airport - Singapore Airport … [Read more...] about Swissport pulls out of Changi
Airports
Antonov An-12s banned from UAE airspace
The United Arab Emirates' General Civil Aviation Authority has banned a widely used cargo aircraft from UAE airspace, citing safety concerns. A number of recent accidents involving the Antonov An-12, a four-engine turboprop plane, prompting the authority to blacklist the plane last week. The An-12 has a range of more than 3,000 km and can carry a payload of 20 tonnes. About a half-dozen small carriers in the UAE use the Soviet-era aircraft to carry goods such as medicine and food to destinations … [Read more...] about Antonov An-12s banned from UAE airspace
ACI reports Nov drop in global air traffic
ACI reports Nov drop in global air traffic Global freight growth dropped dramatically in November according to the latest statistics released by Airports Council International (ACI) from 165 key airports around the world. International freight plummeted by 15.6 per cent and domestic tonnage by 13.1 per cent on average. The year-to-date and the rolling 12-month year periods also registered negative growth compared to the same time period of the previous year leaving only the Middle East with … [Read more...] about ACI reports Nov drop in global air traffic
HK sees plummeting volumes
Hong Kong's December air cargo throughput plunged 29.7 per cent from a year earlier, on the back of weak global demand for Asian goods as a result of the deteriorating economic conditions in Western countries where many retailers were offering huge discounts to sell goods over the Christmas period. The decline in trade accelerated from a 19 per cent year-on-year drop in November, according to the latest data from Hong Kong Air Cargo Terminals Ltd (Hactl). "The global economic performance remains … [Read more...] about HK sees plummeting volumes
Air China moves to fully acquire cargo division
China's largest carrier, Air China is to purchase the remaining stake in Air China Cargo Co. Ltd, from Capital Airports Holding Company, which holds a 24 per cent share of Air China Cargo, for an estimated 798 million yuan. Air China currently holds a 76 per cent stake in the cargo subsidiary. Air China Cargo was co-established in March 2003 by Air China, Citic Pacific, and Capital Airports Holding Company. Air China originally held 51 per cent stake of Air China Cargo and later bought the 25 … [Read more...] about Air China moves to fully acquire cargo division
US airline groups seek US$4 billion in aid
US airline groups seek US$4 billion in aid A broad coalition of US airline and aerospace industry trade groups is reportedly seeking a US$4 billion slice of the economic stimulus package being mulled over by the incoming Obama administration, Dow Jones reported. The funds would be used to kick-start modernisation of the country's antiquated air traffic control system through equipping aircraft with satellite-based navigation technology. The plan is outlined in a letter to government officials … [Read more...] about US airline groups seek US$4 billion in aid