India’s Blue Dart Express reported a 17.7 per cent rise in standalone net profit at Rs 27.13 crore for the quarter ended December 2014. The company had registered a net profit of Rs 23.04 crore for the corresponding period a year ago, it said in a filing to the BSE. Total income from operations during the quarter increased to Rs 588.87 crore from Rs 505.50 crore in the same period last financial year. "We have been able to sustain our growth momentum in our performance this quarter, … [Read more...] about Blue Dart December quarter profit rises 17%
Express
BMW, Bosch join DB in cartel damages claim
Reuters reported that German carmaker BMW and car supplier Bosch would join Deutsche Bahn in two claims for about 2.1 billion euros (US$2.4 billion) in damages from air freight carriers involved in a cartel. The cartel involving Lufthansa and British Airways was first discovered seven years ago and triggered fines in the EU and in the US. … [Read more...] about BMW, Bosch join DB in cartel damages claim
FedEx seals purchase of Genco
FedEx Corp. has completed the acquisition of GENCO Distribution System, one of the largest third-party logistics providers in North America. The acquisition, as previously announced on 15 December 2014, will offer customers a more comprehensive portfolio of logistics services, complementing the transportation services already provided by FedEx. “We are extremely pleased to welcome GENCO teammates to the FedEx family,” said Frederick W. Smith, chairman and CEO of FedEx Corp. … [Read more...] about FedEx seals purchase of Genco
200 ACC3 certs expire without incident: IATA
The 1 January expiry of some 200 temporary ACC3 accreditations for various cargo handling facilities and carriers around the world has not resulted in any negative impacts as of 27 January 2015, the International Air Transport Association (IATA) told Payload Asia, but the ultimate sanction of banning cargo uplift into Europe is still on the table. The original ACC3 deadline was 1 July 2014, which saw nearly 1,100 independent validations conducted with about 120 IATA … [Read more...] about 200 ACC3 certs expire without incident: IATA
SW Italia secures its air operators certificate
SW Italia has secured its air operators certificate (AOC) from the Italian civil aviation authority, following the arrival of its first aircraft, B747-400(F) I-SWIA (msn 29729) formerly 4K-SW800 with parent Silk Way West Airlines. With its certification now complete, the Italian freight start-up plans to offer flights from Milan Malpensa to Hong Kong Chek Lap Kok via Baku initially before expanding to the US and Latin America. … [Read more...] about SW Italia secures its air operators certificate
APAC airlines see 2014 revival in cargo demand
Preliminary figures for the full calendar year 2014 released by the Association of Asia Pacific Airlines (AAPA) showed air cargo markets experienced an encouraging revival in demand after three consecutive years of declines. An upsurge in exports from manufacturing hubs in the region led to a rebound in international air cargo markets in 2014, with demand as expressed in freight tonne kilometre (FTK) terms growing by a solid 5.4 per cent compared to the previous year. Available freight … [Read more...] about APAC airlines see 2014 revival in cargo demand
