With no end in sight in the ongoing fracas between carriers in the US and Europe and those in the Middle East over alleged subsidies, Qatar Airways chief executive Akbar Al Baker gives his views on why Chinese carriers and others are spared the same accusations. When asked by Payload Asia in Doha recently about the largely quiet role of Chinese carriers, in what some refer to as the ‘sleeping giants’ of the air cargo sector, Al Baker said: “I agree, the Chinese carriers are sleeping giants. … [Read more...] about Qatar’s Al Baker on the Chinese ‘sleeping giants’
Carriers
Middle East dominance in air cargo is the “new normal”: Al Baker
A seismic shift has taken place in the air cargo industry creating a “new normal” in which Middle East carriers now dominate the sector because of their significant investment, geographic location and keener efficiencies, says Qatar Airways chief executive Akbar Al Baker. He added that legacy carriers have a structure that is “incompetent” for dealing with today’s environment. “Over the past 15 years there has been a seismic shift in commercial cargo landscape – the legacy airlines are losing … [Read more...] about Middle East dominance in air cargo is the “new normal”: Al Baker
Emirates reports double-digit revenue, profit growth in H1
The Emirates Group today announced its half-year results for 2015-16, showing continued business growth and a strong performance. Group revenue reached AED 46.1 billion (US$ 12.6 billion) for the first six months of its 2015-16 financial year, down 2.3 per cent from AED 47.2 billion (US$ 12.9 billion) during the same period last year, reflecting the impact of the strong US dollar against major currencies. The double-digit revenue and profit growth were driven by first time consolidation of major … [Read more...] about Emirates reports double-digit revenue, profit growth in H1
Middle East forecast to need 3,180 new aircraft over next 20 years
Boeing forecasts airlines in the Middle East will require 3,180 new aircraft over the next 20 years, valued at an estimated US$730 billion, with 70 per cent of the demand expected to be driven by rapid fleet expansion in the region. According to the Boeing Current Market Outlook (CMO), single-aisle aircraft such as the B737 MAX will command the largest share of new deliveries, with airlines in the region needing approximately 1,410 aircraft. Wide-body aircraft will account for a little … [Read more...] about Middle East forecast to need 3,180 new aircraft over next 20 years
Korean Air’s Cho Yang-ho awarded top honour by France
Cho Yang-ho, chairman of Hanjin Group - which includes both Korean Air and Hanjin Shipping - received the Légion d'Honneur Grand Officier medal, one of France's highest civilian honors, from French President François Hollande at a special ceremony at the Grand Hyatt Seoul Hotel, Seoul, Wednesday. The French government recognised Cho's contribution to business exchanges between the two countries. Cho serves as the chairman of the Korean organizing committee for France-Korea Year 2015-2016. … [Read more...] about Korean Air’s Cho Yang-ho awarded top honour by France
Korean Air's Cho Yang-ho awarded top honour by France
Cho Yang-ho, chairman of Hanjin Group - which includes both Korean Air and Hanjin Shipping - received the Légion d'Honneur Grand Officier medal, one of France's highest civilian honors, from French President François Hollande at a special ceremony at the Grand Hyatt Seoul Hotel, Seoul, Wednesday. The French government recognised Cho's contribution to business exchanges between the two countries. Cho serves as the chairman of the Korean organizing committee for France-Korea Year 2015-2016. Cho's … [Read more...] about Korean Air's Cho Yang-ho awarded top honour by France