Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned by delisting it from the country's stock exchange in order to undertake a major overhaul of the beleaguered carrier. Currently estimated to be bleeding $2 million a day after two major disasters – the disappearance of MH370 and the shoot down of MH17 – this year added to its longstanding financial problems. Malaysia Airlines hasn’t been profitable for the past three … [Read more...] about Malaysia Airlines to delist for “complete overhaul”
Ground Handling & Cargo Terminals
Malaysia Airlines to delist for “complete overhaul”
Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned by delisting it from the country's stock exchange in order to undertake a major overhaul of the beleaguered carrier. Currently estimated to be bleeding $2 million a day after two major disasters – the disappearance of MH370 and the shoot down of MH17 – this year added to its longstanding financial problems. Malaysia Airlines hasn’t been profitable for the past three … [Read more...] about Malaysia Airlines to delist for “complete overhaul”
PIA optimistic of resuming cargo ops to EU
Pakistan International Airlines (PIA) is hoping to receive its ACC3 (Air Cargo or Mail Carrier operating into the Union from a Third Country) validation that will allow it to resume cargo service to Europe, which was suspended on 28 July. The national carrier says it is confident about getting the mandatory clearance as it has spent months putting in place relevant systems and procedures to comply with the new European Union conditions that came into effect officially on 1 July. … [Read more...] about PIA optimistic of resuming cargo ops to EU
Hacis doubles business with Expeditors
Hong Kong Air Cargo Industry Services Limited (Hacis) – the added-value-logistics subsidiary of Hactl – has more than doubled its business with Expeditors Hong Kong, with the provision of its Airport Direct Export service to the major logistics company. Expeditors is now the largest customer for Hacis. Hacis has been providing its Airport Direct service for Expeditors’ imports since 2000, including breakbulk, cargo handling and sorting to house air waybill level. … [Read more...] about Hacis doubles business with Expeditors
Air cargo volume growth slows in June: IATA
The International Air Transport Association (IATA) released data for global air freight markets showing 2.3 per cent growth in demand (measured in freight tonne kilometers) over June 2013, a growth rate that is slower than the 4.9 per cent growth reported for May. Nevertheless, overall growth for the first six months of 2014 stands at 4.1 per cent compared to the same period in 2013. That is much stronger than the weak 1.4 per cent increase reported for the full-year 2013 over 2012 levels, … [Read more...] about Air cargo volume growth slows in June: IATA
Qatar ups Delhi maindeck to twice weekly
Qatar Airways Cargo started operating its second freighter service to Delhi, India from 22 July. This second frequency builds rapidly on the back of the first freighter service from Doha which arrived at Delhi’s Indira Gandhi International Airport on 4 May, this year the carrier said. “India is a highly important market for Qatar Airways Cargo,” said Qatar Airways chief officer cargo, Ulrich Ogiermann. “We are delighted to start our second freighter … [Read more...] about Qatar ups Delhi maindeck to twice weekly
