Negotiations for the first major global accord in the World Trade Organisation’s 19-year history which would have standardised customs rules, collapsed today over food-subsidy objections raised by India. Negotiators for a Trade Facilitation Agreement at WTO headquarters in Geneva failed to agree as a midnight deadline passed to implement part of the accord by the end of July as India refused to proceed without assurances the pact would allow it to keep protections for its … [Read more...] about WTO talks fail as India derails process
Leasing & Chartering
Asia Pac carriers see 4.7% rise in cargo demand
Preliminary traffic figures for the month of June released by the Association of Asia Pacific Airlines (AAPA) showed continued expansion of both air freight and international passenger markets. For the region's carriers, demand for air freighted goods continued to grow in the month of June, helped by positive consumer and business sentiment in major developed economies. Overall, air freight demand in freight tonne kilometre (FTK) terms grew by an encouraging 4.7 per cent … [Read more...] about Asia Pac carriers see 4.7% rise in cargo demand
Air freight confidence up slightly in July
The Stifel Logistics Confidence Index for July has made a slight gain in July but continues the month-by-month fluctuations that have been occurring through much of this year. Since February the overall Index (air and sea freight combined) has increased one month and then declined the next reaching its high so far this year in May at 57.9. For the current month, the index is up 0.9 points over June to 56.1. The overall air freight confidence index has yet to return to this year’s high … [Read more...] about Air freight confidence up slightly in July
Singapore rolls out slew of initiatives to boost Changi hub
The Civil Aviation Authority of Singapore (CAAS) is rolling out more initiatives to bolster and grow the Singapore air hub amidst an increasingly competitive environment and limited manpower resources. A key thrust is focused on increasing productivity at Changi Airport. To drive transformative productivity improvements across various facets of Changi Airport’s operations, CAAS is launching an Airport Productivity Package, with S$100 million (US$80 million) up to 31 March 2018. Two … [Read more...] about Singapore rolls out slew of initiatives to boost Changi hub
May cargo figures see continued growth: AAPA
Preliminary traffic figures for the month of May released by the Association of Asia Pacific Airlines (AAPA) showed healthy growth in demand for both air freight and international passenger markets. International air cargo demand in freight tonne kilometres increased by 4.7 per cent in May, with export shipments by air to the US and Europe having gained momentum, AAPA said. Offered freight capacity registered a four per cent increase. As a result, the average international freight load … [Read more...] about May cargo figures see continued growth: AAPA
Chapman Freeborn’s Intradco goes global
Chapman Freeborn Airchartering has announced a major expansion plan for its subsidiary Intradco Cargo Services which will see the company extend its animal transport operations on a worldwide basis. The global aircraft charter specialist - which completed the acquisition of UK-based Intradco in February of this year - said it is initiating a worldwide growth strategy following the successful integration of the company into its business portfolio over the last three months. As the … [Read more...] about Chapman Freeborn’s Intradco goes global
