Having recently taken delivery of its first dry-lease B767F in early March, Subang, Malaysia-based Raya Airways (the former Transmile Air Services) is now setting off on a carefully-charted expansion plan that will see its fleet grow to six aircraft and new services to Japan, China, South Korea and India by year-end. “We are very much a Southeast Asian-targeted, regional airline, but we have aspirations to go beyond that,” says Raya’s commercial director, Lee Shashitheren speaking to media in … [Read more...] about Raya Airways begins ambitious, but measured expansion
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Air cargo in the ‘new mediocre’ of global economic growth
The global economy is growing, but growing at a lower rate than anticipated, said George Anjaparidze, senior economist, IATA who went on to cite International Monetary Fund (IMF) CEO Christine Lagarde who recently warned that the world was on the threat of entering a new phase of mediocre growth becoming the new reality. “And that’s exactly what we’re seeing,” added Anjaparidze. The advanced economies are still growing, but very slowly he noted with emerging economies growing far below their … [Read more...] about Air cargo in the ‘new mediocre’ of global economic growth
Debris found on African coast “almost certainly” from MH370, new debris found
The Australian Government has confirmed that debris recovered from Mozambique is highly likely to have come from MH370. The Minister for Infrastructure and Transport Darren Chester today advised the examination of the two pieces of debris has been completed. The Malaysian Investigation Team for MH370 has found that both pieces of debris are consistent with panels from a Malaysia Airlines B777 aircraft. The two pieces of debris were found separately by members of the public and were flown to … [Read more...] about Debris found on African coast “almost certainly” from MH370, new debris found
Terrorist bombs strike Brussels Airport, Metro
Brussels Airport remains locked down today after dual terrorist attacks struck BRU and the Maelbeek Metro station in the Belgium capital yesterday killing at least 30 and wounding more than 200. ISIS has since claimed responsibility for the three blasts. All flights - both passenger and cargo - have been cancelled until further notice the airport said in a statement. The airport will remain closed for at least today as police forensic personnel collect evidence and damage to the terminal is … [Read more...] about Terrorist bombs strike Brussels Airport, Metro
Dual hub strategy pays off for Cargolux
The Cargolux Group has ended the financial year (and 45th anniversary year) defying an environment of low yields, continued overcapacity and declining volumes, with record levels of tonnage, block hours and crucially, a net profit after tax of US$49 million. The company outperformed not only the market, but also its direct competitors in Europe who, in a number of cases, retired freighters or reduced their air cargo activities. “It is a sign of our company’s strength that, despite the energy … [Read more...] about Dual hub strategy pays off for Cargolux
WCS faces up to industry challenges
“The air cargo industry has had a rollercoaster ride over the last decade. But the continued success of the World Cargo Symposium, culminating in a record attendance of over 1,100 delegates in Berlin this year, shows the commitment of the industry to share best practice and generate action plans to tackle the industry’s greatest challenges,” said Glyn Hughes, IATA’s global head of cargo. Discussions over four days at the WCS focused on the challenge of potentially disruptive new technologies … [Read more...] about WCS faces up to industry challenges
