Two ex-IATA colleagues from different parts of the globe have joined CargoAi as the company looks to blaze a trail for financial solutions in the air cargo industry. Veronica Ibarra, former global billing operations manager at IATA, will join the cargo booking platform from Miami as vice president of operations, whilst Asako Sakurai, who was previously the settlement operation manager for Asia Pacific at IATA, will become head of finance, based in Singapore. Both have worked for over a decade … [Read more...] about Ex-IATA finance staff joins CargoAi team
GSA/GSSAs
HPW Cargo to trade air freight capacity on Airblox
Airblox, a new online marketplace that allows users to trade electronic block space agreements (eBSAs™), has added Vietnamese freight forwarder HPW Cargo. The Hanoi-headquartered freight forwarder, with offices in Ho Chi Minh City, as well as Hai Phong and Noi Bai airports, will now list its recurring block space agreement (BSA) positions on the Hanoi to Frankfurt lane this summer. Established in 2009, HPW Cargo offers a full range of services, including air freight, … [Read more...] about HPW Cargo to trade air freight capacity on Airblox
Bamboo Airways selects ECS to expand cargo operations
Bamboo Airways has selected ECS Group to develop its cargo operations in four countries as the airline expands its network across Asia Pacific. The Vietnamese leisure airline, which started in 2019 with passenger flights, is placing a strong focus on cargo operations within its network, and has appointed Globe Air Cargo as its exclusive GSA in Singapore, Malaysia, Indonesia, and the Philippines. Bamboo Airways started operating A321 services between Saigon (SGN) and Singapore (SIN) twice a … [Read more...] about Bamboo Airways selects ECS to expand cargo operations
Freightos eyes Nasdaq listing with ‘special’ merger
Freight booking and payment platform Freightos Ltd is looking to go public on Nasdaq after the company entered into a definitive merger agreement with special purpose acquisition company (SPAC) Gesher I Acquisition Corp. The capital raised from the transaction will be invested to further scale the business, driving transaction value and improving margins. The implied pro forma enterprise value of the merger is estimated at approximately $435 million, leaving 78 percent stake to existing … [Read more...] about Freightos eyes Nasdaq listing with ‘special’ merger
ECS Group to represent Korean hybrid carrier Air Premia
ECS Group’s Korean subsidiary, Globe Air Cargo (GAC) Korea, has been chosen as the GSA by Korean hybrid service carrier, Air Premia, in its home market. Both operating out of Incheon International Airport (ICN) in Seoul, the two companies have signed a Cargo General Sales Agency Agreement (GSA) which will see GAC Korea fulfil the daily operational duties for Air Premia, including cargo sales, reservations, and ensuring the handling of regular and full charter flights. ECS Group will represent … [Read more...] about ECS Group to represent Korean hybrid carrier Air Premia
GSA Kales to sell China-bound cargo capacity for Cainiao
Dutch cargo sales agent Kales Group has signed a deal on 1 May to sell the space on China-bound international cargo flights operated for Alibaba logistics unit Cainiao. Kales subsidiary Cargonet Asia will support Cainiao with fixed allotments, block space agreements and free sales to sell available capacity on flights chartered or leased by Cainiao on their way back to China. Sebastiaan Scholte, CEO of Kales Group, said the global partnership comes amidst growing … [Read more...] about GSA Kales to sell China-bound cargo capacity for Cainiao