More confirmation of the sustained recovery in the global air cargo market came today courtesy of the the Association of Asia Pacific Airlines (AAPA) with statistics showing that both air cargo and passenger markets continued to show further improvement in April despite a week of disruptions to traffic in and out of Europe as a result of the Icelandic volcanic eruption. Air cargo demand remained strong, maintaining the positive trend of recent months, with 32.1 per cent growth in freight tonne … [Read more...] about Asia-Pac sees continued cargo growth
Ground Handling & Cargo Terminals
IATA blasts Europe again over volcanic crisis
The International Air Transport Association (IATA) called on European governments and air navigation service providers to urgently develop more precise procedures to identify ash contaminated air space and allow more flights. The call came in the wake of 1,000 flight cancellations on Monday (17 May) as a result of the continued volcanic eruptions in Iceland. “This problem is not going away any time soon. The current European-wide system to decide on airspace closures is not working. We … [Read more...] about IATA blasts Europe again over volcanic crisis
China’s 2010 trade surplus expected to fall sharply
Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China’s 2010 trade surplus expected to fall sharply
China's 2010 trade surplus expected to fall sharply
Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China's 2010 trade surplus expected to fall sharply
Fraport records record cargo tonnage
Frankfurt Airport (FRA), owned and managed by Fraport AG, closed the first quarter of 2010 with a 33.5 per cent growth for the first three months of the year. In March 2010, cargo throughput rose by 37.4 per cent year-on-year and exceeded the 200,000-tonne mark for the first time in FRA’s history. The new monthly record of 203,308 tonnes represents an increase of about 11,400 tonnes compared to the previous peakmonth of November 2007. The first quarter also saw a 3.9 per cent … [Read more...] about Fraport records record cargo tonnage
SATS and Air India ink joint venture
Singapore Airport Terminal Services (SATS) and Air India have signed an agreement to form a single 50:50 joint venture (JV) company that would serve as the vehicle to house their three existing ground and cargo handling JVs in Bangalore and Hyderabad. To be named Air India SATS Airport Services Private Limited (AISATS), the JV company is in the process of being incorporated in New Delhi. In September 2008, SATS was chosen by Air India as its JV partner for ground handling in India. Prior to … [Read more...] about SATS and Air India ink joint venture