UK-based Kewill Systems plc which specialises in global supply chain execution software and services, has announced the acquisition of Singapore- based IT solution provider IPACS e-Solutions (S) Pte Ltd, for an initial consideration of S$5.5 million (£1.85 million) in cash. In addition, at various dates in the 24 months following completion, up to S$4.5 million (£1.55 million) will be payable in cash as deferred consideration subject to the attainment of performance criteria … [Read more...] about Kewill Systems buys IPACS e-Solutions
Express
Air Atlanta’s freighter dilemma
Not so long ago it seemed as ACMIoperator Air Atlanta Icelandic wouldneed to make a rapid transition fromB747-200Fs to more modern freighters.Now, however, the picture is lessclear. True, the carrier is looking carefullyat the 12 -200Fs that form the bulk ofits fleet, and looks almost certain to sellthe two of them it actually owns whentheir leases expire in the middle of thisyear. But the future of the remainingten ¨C dry leased from their owners, andthen wet-leased to airlines ¨C remains … [Read more...] about Air Atlanta’s freighter dilemma
Schiphol Airport sale called off
The incoming Dutch government has called off the planned sale of a minority stake in Amsterdam airport operator Schiphol Group, Reuters quoted Dutch TV channel NOS as saying, which cited unnamed sources. The outgoing Dutch government had planned to sell a minority stake of just under 50 percent in Schiphol Group, which also holds stakes in Brisbane airport and in Terminal 4 of New York's John F. Kennedy airport. The privatisation was blocked by the city of Amsterdam, which owns 21.8 … [Read more...] about Schiphol Airport sale called off
Two new airports planned for Riyadh region
There are plans to build two new domestic airports in the Riyadh region in Saudi Arabia, the Khaleej Times reported. The High Commission for the Development of Riyadh (HCDR) is looking for suitable sites on which to establish the airports, which will be located on the north and south-east parts of the city. According to an informed source, one airport will be built in Sudair, north-west of Riyadh, in order to meet the requirements of people living in Al-Ghat, Zulfi, Majmaa and neighbouring … [Read more...] about Two new airports planned for Riyadh region
INFA, Asperindo refuse flawed income tax policy
The Indonesian Forwarders' Association (INFA), Indonesian Express Delivery Companies' Association and seven other associations of service-providing companies have rejected Indonesia's new income tax policy, which became effective on January 1. Asperindo chairman Johari Zein said the new income tax regulation is not improving the industry as it adds more burdens to members. "The problem is that courier companies can spend more on administrative procedures, and even can lead to … [Read more...] about INFA, Asperindo refuse flawed income tax policy
TAFA to host FAPAA ECM/AGM in Bangkok
This year's 35th Executive Council Meeting (ECM) and Annual General Meeting (AGM) of the Federation of Asia Pacific Aircargo Agents Associations (FAPAA) will be hosted by the Thailand Airfreight Forwarders Association (TAFA). The event will take place in Bangkok, but at press time the TAFA organising committee could not confirm in which hotel the gathering would be held. The dates of FAPAA's main event have been set between June 20 - 22, with the traditional golf tournament taking … [Read more...] about TAFA to host FAPAA ECM/AGM in Bangkok