Air charter specialist Asia Cargo Network is looking to expand its operations into the Middle East and nearby markets as it partnered with Bahrain-based operator MENA Aerospace. Under the agreement, ACN plans to base six of its cargo planes to operate in Bahrain and the GCC, which consists of Oman, Qatar, Bahrain, United Arab Emirates (UAE), Kuwait, and the Kingdom of Saudi Arabia. ACN will invest capital, asset deployment, management services and expertise and hold a 49 percent stake in … [Read more...] about Asia Cargo Network expands into the Middle East
GSA/GSSAs
Rebranded: Say hello to TAM Group
Hong Kong-based Tam Wing Kun Holdings, a leading GSA/GSSA in Asia and the Americas, has completed an extensive rebranding and will now be known as TAM Group. The company has unveiled a redesigned logo, a revamped website and a refreshed company vision to align with a new period of growth for the organisation. Founded in 1977, TAM Group now has 22 offices in 12 cities across Hong Kong, China, Malaysia, the Philippines, the US and Chile, becoming well renowned for its passenger and cargo … [Read more...] about Rebranded: Say hello to TAM Group
Ex-IATA finance staff joins CargoAi team
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
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
