The Indian government is consideringa proposal to increase the foreigndirect investment (FDI) limit in scheduleddomestic carriers to 74 percentfrom 49 percent, the Economic Timesreported. The idea is being mootedto increase the funding options fordomestic airlines, which have drawnup huge expansion plans. Domesticcarriers are expected to buy close to480 aircraft in five years involving aninvestment of $30 billion. The proposed increase in FDI indomestic carriers would, however, comewith a … [Read more...] about INDIA: FDI in domestic carriers may soar
Airports
Air India
Air India has appointed DariusChibber as head of the airline's cargodivision. Based in New Delhi, Chibber,who brings many years of experience inthe airline industry to his new position,will oversee the carrier's global cargoactivities. In one of his previous positions,he was regional cargo managerfor Air India in Singapore. … [Read more...] about Air India
CHINA: Chinese heavyweights pick Copenhagen
Copenhagen airport has long beenseen as a useful hub by Singapore Airlinesand Korean Air Cargo. However,the addition of two Chinese heavyweightsin the last few months seemsto be catapulting the airport into thebig league. The airport saw Air China startthree weekly B747-200F services inSeptember, and this was followed bythree MD-11F services by China CargoAirlines in December. In all this bringsthe airport's wide-body freighter departuresto 68 a month, double thenumber it had two years … [Read more...] about CHINA: Chinese heavyweights pick Copenhagen
DP to move accounting operations
Deutsche Post AG (DP) plans toreorganise its finance and salary bookkeepingoperations and may includeoutsourcing some operations to theCzech Republic and Poland, the Weltam Sonntag reported, citing DeutschePost management. The outsourcing will only affect postworkers outside Germany, the newspapersaid. ‘We will make a decision inthe next 12 to 18 months, where ouraccounting services in Europe are to belocated,' Frank Appel, Deutsche Postmanager for Global Business Servicestold the … [Read more...] about DP to move accounting operations
INDIA: First Flight adds Bangalore to network
First Flight Couriers has announcedthe addition of Bangalore to its recentlystarted aviation operations. With this,the company will be offering direct connectivitybetween the main trade hubsof the country -- Chennai, Bangalore,Mumbai and Delhi. First Flight is also now able to provideairlift capacity for heavy machineryand large consignments. Bangalore and Chennai are criticaltrade destinations in the southern partof India, the triggers coming from therevived manufacturing activity in … [Read more...] about INDIA: First Flight adds Bangalore to network
CHINA: CSA looks beyond AF-KL Cargo venture
China Southern Airlines is reportedlyin talks with other foreign carriersbesides Air France-KLM for an aircargo joint venture, Reuters reportedquoting the airline's chief financialofficer, Xu Jiebo. Xu said Air France was neither apreferred partner nor an exclusive foreigncounterpart for the establishmentof its cargo venture whose launch hasalready been delayed due to problemsin talks with Air France. "We hope to launch the joint ventureas soon as we can, but so far the talksare not … [Read more...] about CHINA: CSA looks beyond AF-KL Cargo venture