Indian low-cost airline IndiGo has signed a US$2.6 billion deal with Industrial and Commercial Bank of China Ltd (ICBC) for the lender to finance more than 30 new aircraft. The announcement comes on the day Chinese President Xi Jinping arrived in India, where the two countries are expected to sign trade and investment deals worth billions of dollars. Through this deal, ICBC will provide IndiGo with financing for the aircraft through either a sale and leaseback, financial lease or … [Read more...] about IndiGo Iinks US$2.6B aircraft finance deal
Express
UAE’s Maximus Air plans 2015 expansion
Maximus Air's CEO Mohamed Ebrahim Al Qassimi has said his cargo airline is planning an expansion in 2015, according to local media reports. A year after temporarily halting its A300 fleet amid low demand, and undergoing restructuring, Al Qassimi said that "Maximus Air is on the rise again." “We are delighted about recent progress,” said Al Qassimi. “Our aircraft are receiving more bookings right across the fleet and we are firming up plans for expansion in … [Read more...] about UAE’s Maximus Air plans 2015 expansion
UAE’s Maximus Air plans 2015 expansion
Maximus Air's CEO Mohamed Ebrahim Al Qassimi has said his cargo airline is planning an expansion in 2015, according to local media reports. A year after temporarily halting its A300 fleet amid low demand, and undergoing restructuring, Al Qassimi said that "Maximus Air is on the rise again." “We are delighted about recent progress,” said Al Qassimi. “Our aircraft are receiving more bookings right across the fleet and we are firming up plans for expansion in … [Read more...] about UAE’s Maximus Air plans 2015 expansion
Business as usual in Scotland, says BIFA
Following the decision by Scotland to remain in the United Kingdom, the trade association that represents freight forwarders throughout the UK, says that it is business as usual. British International Freight Association (BIFA) director general, Robert Keen says: “The decision to vote against independence has removed a period of huge uncertainty for our members. “They can now get on with doing what they do best: Facilitating the UK’s international trade and assisting … [Read more...] about Business as usual in Scotland, says BIFA
JetBlue names new CEO
JetBlue Airways has appointed Robin Hayes as new chief executive officer. Hayes is the company’s current president; he would succeed current CEO Dave Barger beginning 16 February 2015. Barger will serve on the JetBlue Board of Directors until that date. “On behalf of the Board of Directors, I would like to congratulate Robin on this appointment and thank Dave for his extraordinary contributions to JetBlue for more than 16 years. Dave’s talent, intellect, and … [Read more...] about JetBlue names new CEO
Xpress seals new deals with UPS, S.F. Express
Xpress New Media (XNM) is partnering United Parcel Service (UPS) of Singapore and S. F. Express (Group) Co. to provide value-added logistics services. These include providing other value-added documentation services like completion of air waybills, shipment invoices, as well as tracking services right up to the completion of delivery at its 8–8 Biz Butler outlets and its flagship outlet in the Singapore’s central business district. XNM said the collaborations will enhance its … [Read more...] about Xpress seals new deals with UPS, S.F. Express