Singapore's Changi Airports International said it has bought a 29 percent stake in China's Nanjing Lukou International Airport for US$138 million ¨C launching what is expected to be another bumper year for airport sales and privatisations. Changi Airports International CEO Chow Kok Fong, said in a statement: "This represents the first private-equity investment deal in a Chinese airport by another foreign airport." Changi last year signed an agreement to manage the New Terminal 1 of … [Read more...] about Changi buys stake in Nanjing airport
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AUSTRALIA: China-Oz cargo capacity concern
More than 40 percent of China¡¯sairfreight cargo to Australia is beingflown indirectly, via other internationalairports, a finding that may indicatethat there is insufficient cargo capacityon the direct routes, accordingto Australian cargo statistics groupMaritrade.It said almost 40 percent of importsto Melbourne Airport from Chinaarrived indirectly, a figure that has remainedlargely unchanged in the lasttwo years. More than half of SydneyAirport¡¯s imports from China in January2004, were on … [Read more...] about AUSTRALIA: China-Oz cargo capacity concern
Chris Foyle enters TIACA's Hall of Fame
The International Air Cargo Association (TIACA) has honoured Chris Foyle, chairman and founder of Air Foyle, with entry into the TIACA Hall of Fame in recognition of his innovative and professional leadership in the air cargo industry. Foyle will officially receive the 2007 Hall of Fame award at TIACA's executive conference and AGM in Cologne next month. Air Foyle was founded in 1978 with one second-hand Piper Aztec for cargo, passenger and aerial survey charters. One of the company's main … [Read more...] about Chris Foyle enters TIACA's Hall of Fame
Austrian Post takes stake in trans-o-flex
The Austrian Post (ÖsterreichischePost) has acquired 74.9 percent ofthe shares in trans-o-flex GmbH andassociated companies from Odewald &Co and Alpha Beteiligungsberatung.Odewald & Co and Alpha haveretained a holding of 25.1 percent.The transaction means that AustrianPost is strengthening its parcelsand logistics division, increasing itsEuropean reach and intensifying itsexisting successful co-operation withtrans-o-flex.Austrian post already delivers about5,000 parcels per day in … [Read more...] about Austrian Post takes stake in trans-o-flex
IJS Global enters UK logistics market
IJS Global Inc., the fast-growingmulti-modal freight forwarder, customsbroker and non-vessel operating commoncarrier, has entered the importantUK freight & logistics market byacquiring majority ownership in London-headquartered Lupprians CargoExpress Limited, one of the country'sleading freight forwarding and logisticscompanies. Terms of the transactionwere not disclosed.Lupprians has been re-branded asIJS Global (UK) Limited, and will offerits clients across the UK an enhancedworld-wide … [Read more...] about IJS Global enters UK logistics market
Transaero Airlines
Russian carrier Transaero Airlineswill acquire six Boeing 747s and B767sas well as five B737-500s. Currently, theairline's fleet consists of 21 aircraft,including six B747s, seven B767s andeight B737s. In September, Transaeroand Airbus signed an agreement foreight A330s. … [Read more...] about Transaero Airlines
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