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
Editor's Choice
FedEx confirms order for 50 B767Fs
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
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
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
Thai transport minister not confident on FAA audit
Thailand’s Transport Minister Prajin Juntong admitted this week that he was not sure that all the necessary steps taken by the Department of Civil Aviation (DCA) to improve aviation safety standards supervision will pass the approval of the US Federal Aviation Administration (FAA). Juntong said that authorities concerned were ready to give the explanation to FAA officials and seek more time to make the improvements, according to a report by Thai PBS. The FAA officials are in Thailand this … [Read more...] about Thai transport minister not confident on FAA audit
FedEx may place $13 billion aircraft order
FedEx may be on the verge of a US$10 billion order for 50 or more B767-300Fs and up to 10 B777Fs worth another $3.2 billion at list prices, according to a report in Leeham News and Comment citing "Market Intelligence". The US-based integrator currently operates a fleet of approximately 374 widebody aircraft including 94 A300/310s, 112 B757-200s, 121 ageing MD-10/11s, 22 B767-300s with another 31 on order and 25 B777-200Fs with another 18 on order.A decision on the massive order is expected … [Read more...] about FedEx may place $13 billion aircraft order
