AAR Corp. announced that its 100 per cent owned subsidiary, Telair International has signed a definitive agreement to purchase the cargo loading system assets of Speyer, Germany-based PFW Aerospace. AAR said the acquisition will enhance Telair's market position as one of the leading suppliers globally of cargo loading and baggage handling systems. Upon completion of a transition period after closing, Telair will transfer the assets to, and perform operations at, its Miesbach, Germany … [Read more...] about AAR aquires cargo loading assets of PFW Aerospace
Equipment
Slow cargo uptick in July, Asia still weak
The International Air Transport Association (IATA) announced global air cargo traffic results for July showing a continuation of the modest improvement trend experienced in June. Global freight tonne kilometres (FTKs) were up 1.2 per cent in July year-on-year, slightly better than the 0.9 per cent year-on-year increase recorded in June, as growth in Europe and the Middle East offset weakness in Asia. As a result of the July performance, air freight volumes are at their highest level … [Read more...] about Slow cargo uptick in July, Asia still weak
IATA’s June figures offer hope with 1.2% expansion
The International Air Transport Association (IATA) released June figures showing a 1.2 per cent year-on-year expansion in global air freight demand. Although weak, this is a clear improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements … [Read more...] about IATA’s June figures offer hope with 1.2% expansion
IATA's June figures offer hope with 1.2% expansion
The International Air Transport Association (IATA) released June figures showing a 1.2 per cent year-on-year expansion in global air freight demand. Although weak, this is a clear improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements … [Read more...] about IATA's June figures offer hope with 1.2% expansion
ALC welcomes Sydney Airport master plan
The draft Sydney Airport Master Plan contains a number of proposals that have the potential to improve freight efficiency in and around the airport, according to the Australian Logistics Council.“ALC welcomes Sydney Airport's renewed focus on freight in its Master Plan and commends it for taking a proactive approach to meet rising demand over the coming decades,” said Michael Kilgariff, ALC managing director. “According to the NSW Government, freight at Australia's … [Read more...] about ALC welcomes Sydney Airport master plan
Clear pointers, direction and targets: GACAG chief
The Global Air Cargo Advisory Group (GACAG) must build on its achievements of the last two years and provide "clear pointers, direction and targets," said its new chairman, Oliver Evans. “GACAG is very much a collaborative effort and therefore each member carries equal responsibility and weight. It is a great honour for each of us to have the responsibility to speak on behalf of the entire air cargo industry, thanks to our efforts to form such a powerful coalition. We have achieved much in … [Read more...] about Clear pointers, direction and targets: GACAG chief
