Cathay Pacific Airways has welcomed the latest initiatives made by the Hong Kong Government to enhance air traffic management and to increase runway capacity at Hong Kong International Airport. The airline sees these essential interim measures as crucial to bolstering the competitiveness of Hong Kong as a leading global aviation hub, and looks forward to more long-term breakthrough developments in the near future through active coordination with the Mainland authorities. Financial … [Read more...] about Cathay welcomes air traffic initiatives
Express
Swissport eyes further growth in Japan
Swissport International is preparing for further growth in Japan now that local industrial concern, Marubeni, formally owns 49 percent of Swissport Japan. The joint venture has won its first major customer at Nagoya Airport. Following the acquisition of aviation maintenance provider SGS in autumn 2006 and the recent shareholding involvement of Marubeni, Swissport Japan has been busily preparing to launch its full range of ground handling products and services. In a statement, the company … [Read more...] about Swissport eyes further growth in Japan
KAL Cargo award for MASkargo
Korean Air Cargo, the world’s largest air cargo carrier by operation, last month awarded its best global ground handler award to Malaysia Airlines Cargo Sdn Bhd (MASkargo). The award was presented by deputy general manager Korean Air, Thomas Lim Tae Hoon to MASkargo’s senior general manager, J.J. Ong. Korean Air Cargo uses MASkargo’s Advanced Cargo Centre (ACC) at KL International Airport (KLIA) and Penang Cargo Centre (PCC) at Penang International Airport for its freighter … [Read more...] about KAL Cargo award for MASkargo
Kuehne+Nagel expands in Asia-Pacific
Kuehne+Nagel said it is rapidly developing its contract logistics business in the Asia-Pacific region, with plans including expanded warehousing space and selected local acquisitions. Since rolling out its Asia-Pacific expansion plan in 2005, Kuehne+Nagel’s logistics activities have strengthened considerable, with a series of significant business wins and the opening of new facilities. At present, the company’s contract logistics network in Asia-Pacific comprises 43 locations in … [Read more...] about Kuehne+Nagel expands in Asia-Pacific
EGL accepts Ceva’s bid
After months of haggling, USbased logistics provider EGL Inc. has accepted a US$2 billion bid to be acquired by the Ceva Group, which is owned by private-equity firm Apollo Management. Under the agreement, EGL shareholders will receive $47.50 in cash per share of EGL stock they hold at the time of the merger. CEVA also amended the “no-deal” fee, dropping the fee payable by EGL to CEVA from $30 million to $20 million, and increasing the fee payable by CEVA to EGL. The purchase … [Read more...] about EGL accepts Ceva’s bid
VWT, ABX Logistics ink agency pact
Japanese logistics provider Vantec World Transport Co., Ltd. (VWT) and its Belgian counterpart, ABX Logistics Worldwide, have signed an agency agreement regarding cooperation in international freight forwarding activities and supply chain solutions. The deal will enable ABX Logistics to act as VWT’s partner worldwide in all countries where VWT is not represented, while VWT will represent ABX Logistics as its partner in Japan. Under the agreement, ABX Logistics (Japan) Co., Ltd. will … [Read more...] about VWT, ABX Logistics ink agency pact
