Cathay Pacific’s procedures at Hong Kong International Airport have come under scrutiny after after one of 13 bags containing NZ$1 million (US$660,235) went missing during transfer from an aircraft to the cargo terminal. The incident happened on Friday night when a luggage box labeled 'G4S International' – a UK security firm – carrying 13 cash bags with about NZ$10 million was bound for the Bank of China. The money was reportedly transferred to the Cathay Pacific Cargo Terminal from the … [Read more...] about NZ$1 million ‘lost’ at HKIA under Cathay’s care
Ground Handling & Cargo Terminals
NZ$1 million ‘lost’ at HKIA under Cathay's care
Cathay Pacific’s procedures at Hong Kong International Airport have come under scrutiny after after one of 13 bags containing NZ$1 million (US$660,235) went missing during transfer from an aircraft to the cargo terminal. The incident happened on Friday night when a luggage box labeled 'G4S International' – a UK security firm – carrying 13 cash bags with about NZ$10 million was bound for the Bank of China. The money was reportedly transferred to the Cathay Pacific Cargo Terminal from the aircraft … [Read more...] about NZ$1 million ‘lost’ at HKIA under Cathay's care
HNA Group in talks to acquire Swissport
HNA Group Co., owner of China’s fourth-largest airline, is said to be in talks to acquire ground handler Swissport International Ltd., according to a Bloomberg report quoting unnamed sources. The report said Swissport’s private-equity owner PAI Partners SAS is seeking about US$3 billion from a sale, but negotiations have dragged on for several months, held up by disagreement over the price, according to the sources. Swissport provides ground services for around 229 million passengers and … [Read more...] about HNA Group in talks to acquire Swissport
Hactl passes GDP annual audit
Hong Kong Air Cargo Terminals Limited (Hactl) – Hong Kong’s largest cargo handler – has successfully passed its World Health Organisation (WHO) Good Distribution Practices (GDP) annual surveillance audit. The audit is required in order to maintain GDP accreditation. Hactl achieved GDP accreditation – covering the provision of handling, logistics and storage services for pharmaceuticals – in 2014 and was the first handling agent in Hong Kong to do so. The audit, conducted by independent GDP … [Read more...] about Hactl passes GDP annual audit
IATA calls for new Indian aviation policy
The International Air Transport Association (IATA) has called for the development of a comprehensive policy for aviation aligned with the Indian Government’s stated intention to make it easier to do business in India. The objective is to allow India to derive maximum social and economic benefits as its aviation market grows to become the third largest in the world. That is expected to happen in 2029 when the number of travelers to, from and within India will near 280 million … [Read more...] about IATA calls for new Indian aviation policy
WFS takes 51% stake in Fraport Cargo Services
Worldwide Flight Services (WFS) is to acquire a 51 per cent shareholding in Fraport Cargo Services (FCS) as part of a strategic partnership with Fraport AG. The investment is part of WFS’ strategy to continue to expand in Europe’s major cargo markets. Fraport is to retain a 49 per cent share in FCS and will continue to take a substantial role in the management of the company. Terms of the transaction, which WFS and Fraport plan to close by September 2015, have not been … [Read more...] about WFS takes 51% stake in Fraport Cargo Services