The global economy is growing, but growing at a lower rate than anticipated, said George Anjaparidze, senior economist, IATA who went on to cite International Monetary Fund (IMF) CEO Christine Lagarde who recently warned that the world was on the threat of entering a new phase of mediocre growth becoming the new reality. “And that’s exactly what we’re seeing,” added Anjaparidze. The advanced economies are still growing, but very slowly he noted with emerging economies growing far below their … [Read more...] about Air cargo in the ‘new mediocre’ of global economic growth
Leasing & Chartering
WCS faces up to industry challenges
“The air cargo industry has had a rollercoaster ride over the last decade. But the continued success of the World Cargo Symposium, culminating in a record attendance of over 1,100 delegates in Berlin this year, shows the commitment of the industry to share best practice and generate action plans to tackle the industry’s greatest challenges,” said Glyn Hughes, IATA’s global head of cargo. Discussions over four days at the WCS focused on the challenge of potentially disruptive new technologies … [Read more...] about WCS faces up to industry challenges
Cargo iQ phoenix rises from Cargo 2000
Hitting the ‘reset button’ nearly 20 years after the unfortunately-named cargo quality initiative - Cargo 2000 - was first created, the IATA-supported interest group with the mission of creating and implementing quality standards for the worldwide air cargo industry was officially renamed Cargo iQ at the World Cargo Symposium in Berlin. The rebrand, aside from moving away from the negative imagery of a name that suggests a 16 year lag in reaching its intended goals, is part of a much larger … [Read more...] about Cargo iQ phoenix rises from Cargo 2000
Chapman Freeborn, RUS Aviation announce new Asia agreement
Chapman Freeborn Airchartering and RUS Aviation have announced an exclusive cargo sales agreement to provide clients with seamless air freight solutions from Hong Kong to the Middle East and surrounding markets. Effective 1 March 2016, the newly-signed deal will see Chapman Freeborn sell per-kilo shipments from Hong Kong to the UAE, with onward connections via RUS Aviation’s regional network under the same air waybill. The new service from Chapman Freeborn and RUS Aviation is being driven … [Read more...] about Chapman Freeborn, RUS Aviation announce new Asia agreement
Tiaca creates new shippers’ advisory committee
The International Air Cargo Association (TIACA) has created a new Shippers’ Advisory Committee to be chaired by Lars J.T. Droog of Tosoh Corporation. The group will complement TIACA’s other committees and review all elements of the supply chain in order to make improvements with the interests of the shipper in mind. “Shipper feedback is paramount in any effort to improve the air freight supply chain, said Sanjiv Edward, TIACA chairman. “TIACA has set-up this Shippers' Advisory Committee to … [Read more...] about Tiaca creates new shippers’ advisory committee
Air Charter Service expands into sixth continent
Leading aircraft charter specialist, Air Charter Service, has announced that it is opening a new office in Sydney, Australia – the company’s first operation in the continent. Justin Lancaster, Air Charter Service’s commercial director, said: “We are delighted to be opening our twentieth office – and our first in Australasia. We now cover all six major continents. Our Hong Kong office has built up a strong customer base in the region over the past few years and we felt now was the right time … [Read more...] about Air Charter Service expands into sixth continent
