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Yields down as much as -41% since 2008: WorldACD

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With the topic of yields dominating any discussion about the current business environment, WorldACD has clearly demonstrated the dismal state of affairs through a comparison of USD-yields between June 2008 and June 2015, with not one single market showing a yield increase over that period. The good news first: North America to Asia Pacific saw the smallest yield decline at only -9 per cent. This contrasts with all of the other markets that saw decreases ranging from -22 per cent (Middle … [Read more...] about Yields down as much as -41% since 2008: WorldACD

Debris found on Reunion Island studied for links to MH370

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France’s air crash investigation agency - Bureau d’Enquêtes et d’Analyses (BEA) - is studying a piece of plane debris found on Reunion Island off the east coast of Africa, but officials say its still to it was too early to say if it came from missing Malaysia Airlines Flight MH370. The debris was found on Wednesday 29 July and a source familiar with the investigation said the debris was most likely from a B777, but that it was not yet established if it was from MH370, according to a … [Read more...] about Debris found on Reunion Island studied for links to MH370

Toll unveils blueprint for S$228m logistics hub in Singapore

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The Toll Group, now a division of Japan Post, has unveiled its blueprint for Toll City – a 100,000 square metre Toll City logistics hub in Singapore. The S$228 million (US$166 million) five-level, ramp-up facility will house state-of-the-art automation systems to improve productivity and operating efficiency for Toll and its customers in Singapore and in the region. The investment by Toll is its first since Japan Post acquired the Australian based logistics and express company in … [Read more...] about Toll unveils blueprint for S$228m logistics hub in Singapore

FedEx confirms order for 50 B767Fs

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FedEx Corp has confirmed the market speculation, as reported by Payload last week, by signing a deal to purchase 50 additional B767-300 freighters in the biggest order ever for the aircraft type, allowing the aircraft maker to extend its production line well into the next decade. The deal, announced in a statement by FedEx includes options for another 50 B767Fs and is worth US$9.97 billion at list prices. FedEx said the aircraft will be delivered by Boeing for its FedEx Express arm beginning … [Read more...] about FedEx confirms order for 50 B767Fs

Spanish ‘ghost airport’ sold for 10,000 euros

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An abandoned Spanish airport which cost nearly € 1.1 billion to build has been sold for € 10,000 in a bankruptcy auction. Ciudad Real Central Airport, located about 235km south of the capital Madrid, became a symbol of the country’s wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened. The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic. Chinese consortium, Tzaneen International, tabled the … [Read more...] about Spanish ‘ghost airport’ sold for 10,000 euros

Spanish ‘ghost airport' sold for 10,000 euros

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An abandoned Spanish airport which cost nearly € 1.1 billion to build has been sold for € 10,000 in a bankruptcy auction. Ciudad Real Central Airport, located about 235km south of the capital Madrid, became a symbol of the country’s wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened. The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic. Chinese consortium, Tzaneen International, tabled the … [Read more...] about Spanish ‘ghost airport' sold for 10,000 euros