Flag carrier Garuda Indonesia mayhave to extend the waiting period foran initial public offering. The Departmentof State Owned Enterprises(SOE) has scheduled the carrier and itssubsidiary companies for initial publicoffering/IPO this year 2007. However, the company is still uncertainas it is waiting for strategicinvestors to join. It is planned thatthe government, as the carrier's soleshareholder, will release 49 percent ofshares to strategic partners. The government has agreed torelease … [Read more...] about INDONESIA: IPO of Garuda awaits strategic partner
Freight Forwarders
INDONESIA: Posindo, Gading Sari ink logistcs deal
State-owned postal service companyPT Pos Indonesia (Posindo) has signedan agreement with Gading Sari AviationService Malaysia Sdn. Bhd., through itsIndonesian subsidiary PT Gading SariIndonesia (GSI) for the redesigningand expansion of its logistics division. The CEO of PT. Pos Indonesia, HanaSuryana said the cooperation is part ofPosindo's plan for an initial public offeringwhich is scheduled for 2010. "As preparation for the IPO we needto co-operate with strategic partnerssuch as … [Read more...] about INDONESIA: Posindo, Gading Sari ink logistcs deal
MALAYSIA: GD Express expects profit to double
Malaysian courier firm GD ExpressCarrier Bhd (GDEX) expects its netprofit to double in the fiscal year endingJune 30, 2007, with an expandedand fully automated facility to handlehigher business volume. The company posted a net profitof M$1.2 million (US$341,440) on arevenue of $45.9 million for the yearended June 30, 2006. "We expect net profit to grow by70-100 percent this (fiscal) year, withrevenue growing in the range of 20-30percent. The better results are mainly due to additional … [Read more...] about MALAYSIA: GD Express expects profit to double
HONG KONG: HKG throughput in danger: DHL
Hong Kong's air cargo throughputfrom Mainland China passing through the territory will drop as trade growthbetween China and North Asia shiftsmore of the flow further north, theSouth China Morning Post reported,citing a senior DHL Express official. "Further trade links between Japan,South Korea and China mean fewershipments in and out of Hong Kong," DHL Asia Pacific chief executive ScottPrice said. DHL channels 70 percent of itsChina consignments through its southernChina hub in … [Read more...] about HONG KONG: HKG throughput in danger: DHL
Dnata gets room to grow at last
With the opening of a new cargo terminal,Dnata will finally get some much needed roomto breathe at Dubai. Peter Conway explores theimplications, and the handler’s plans for thenew airport at Jebel Ali. There will be an almost audible sighof relief at Dubai handlers Dnata atthe end of February, as its new cargoterminal – formerly known as phasethree of the Freezone Logistics Centre,now dubbed FreightGate 5 – finallycomes on line. The new facility will in effect be a … [Read more...] about Dnata gets room to grow at last
DFW's focus on Asia is paying off
With seven Asian airlines currently running 39 flights a week to and fromDallas/Fort Worth International Airport, plus increased interest fromcarriers in using DFW as a transfer hub for cargo between Latin Americaand Asia, DFW has become a major US hub. Karen E. Thuermer reports. Asia is an important market to DFWand represents half of the airport'sairfreight volumes. According to airportstatistics, January - October 2006volumes were up over 22 percent overthe same period last year. This … [Read more...] about DFW's focus on Asia is paying off
