Equipment

Overcapacity tempers air cargo

by

The announcement last month of the establishment of a new air services agreement between the US and China, which will more than double the number of passenger fl ights by 2012 and offer airfreight operators “greatly expanded commercial freedom” constitutes, for the air freight part of the deal, a lot of hot air. “It is absolutely historic,” declared US Transportation Secretary Mary Peters in a conference call after reaching agreement with her counterpart, Chinese … [Read more...] about Overcapacity tempers air cargo

TIACA

by

Jack Boisen, vice president cargo forContinental Airlines, has been electedchairman of The International Air CargoAssociation (TIACA) for a two-year term.Ulrich Ogiermann, president & CEO ofCargolux was elected new vice chairman.Boisen succeeds Gary Bartek, managercargo development, Kansas City InternationalAirport. … [Read more...] about TIACA

Jet Airways

by

Mumbai-based Jet Airways has announced the appointment of Jay Shelat,as vice president cargo. Shelat joins Jet Airways after a successful 20-year career with FedEx and American Airlines Cargo, where his latest position was manager alliances& interline. In a statement, the airline’s chief commercial offi cer, Garry Kingshott said that Shelat has been tasked with leading the cargo team in ensuring that Jet Airways realise its full potential in the lucrative cargo market. … [Read more...] about Jet Airways

Ikea builds Shanghai logistics facility

by

Ikea has started construction of a mammoth distribution centre in Shanghai that will be its biggest in the Asia-Pacifi c region. The US$150 million facility, with a warehousing capacity of 300,000 cubic metres, will be in Shanghai’s suburban Fengxian District. The distribution centre, which will also be the biggest foreign-owned warehousing facility in China, is the second distribution facility for the Swedish furniture retailer in Shanghai. It set up a centre in Songjiang District in … [Read more...] about Ikea builds Shanghai logistics facility

AMERICA: Global Aero Logistics buys World

by

World Air Holdings -- parent company to World Airways and North American Airlines -- announced this week that it has entered into an agreement to be acquired by Global Aero Logistics (GAL) for US$315m in an all-cash transaction. MatlinPatterson Global Opportunities Partners II is the majority shareholder of Global Aero Logistics, which owns ATA Airlines. As a result of the transaction, Global Aero Logistics will operate all three independent airlines under one umbrella. Under the terms of the … [Read more...] about AMERICA: Global Aero Logistics buys World

RUSSIA:ABC expands domestic network

by

AirBridge Cargo (ABC) has announced the launch of regular freight services to Khabarovsk with Boeing 747-200F. Director of domestic air service of AirBridge Cargo, Anton Khodakovsky says: “AirBridge Cargo regards domestic airfreight service as a promising line of activity continuing to expand the route network in the Russian Federation. Thus, the new route will allow us to provide our clients with fast and safe delivery of both domestic and customs cargoes to Khabarovsk and key Far … [Read more...] about RUSSIA:ABC expands domestic network