The Global Air Cargo Advisory Group (GACAG) must build on its achievements of the last two years and provide "clear pointers, direction and targets," said its new chairman, Oliver Evans. “GACAG is very much a collaborative effort and therefore each member carries equal responsibility and weight. It is a great honour for each of us to have the responsibility to speak on behalf of the entire air cargo industry, thanks to our efforts to form such a powerful coalition. We have achieved much in … [Read more...] about Clear pointers, direction and targets: GACAG chief
Leasing & Chartering
Etihad Cargo, Atlas Air begin 'round-the-world' service
Etihad Cargo has announced its first round-the-world freighter routing in conjunction with Atlas Air Worldwide. The jointly operated service began on 30 May 2013, connecting Etihad Cargo’s Abu Dhabi hub with destinations in Asia, the US, South America and Europe. Miami (US), Viracopos (Brazil), and Quito (Ecuador) will become part the round-the-world Abu Dhabi-Hong Kong-Chicago-Miami-Viracopos-Quito-Amsterdam-Abu Dhabi freighter service offered with an Etihad Cargo-liveried B747-8 … [Read more...] about Etihad Cargo, Atlas Air begin 'round-the-world' service
Still some turbulance in Japan’s air cargo sector
A mixture of asset write-downs, restructuring, consolidation and recovery is on the cards for the Japanese airfreight sector, according to a new report from Business Monitor International . The bankrupt Japan Airlines (JAL), Asia's largest air carrier, was expected to have registered an operating loss of nearly US$1.7 billion in the fiscal year ended 31 March 2010. This was attributed to a sharp decline in revenues resulting from a rapid slowdown in the Japanese economy. After 2009's very steep … [Read more...] about Still some turbulance in Japan’s air cargo sector
Still some turbulance in Japan's air cargo sector
A mixture of asset write-downs, restructuring, consolidation and recovery is on the cards for the Japanese airfreight sector, according to a new report from Business Monitor International . The bankrupt Japan Airlines (JAL), Asia's largest air carrier, was expected to have registered an operating loss of nearly US$1.7 billion in the fiscal year ended 31 March 2010. This was attributed to a sharp decline in revenues resulting from a rapid slowdown in the Japanese economy. After 2009's very steep … [Read more...] about Still some turbulance in Japan's air cargo sector
Cargo demand continues to recover: IATA
The International Air Transport Association (IATA) announced international scheduled traffic statistics for June which showed continued strong demand growth as the industry recovers from the impact of the global financial crisis. Compared to June 2009, international scheduled freight traffic showed a healthy 26.5 per cent improvement while international passenger demand was up 11.9 per cent. International freight demand growth was down from the 34 per cent recorded in May 2010. May was … [Read more...] about Cargo demand continues to recover: IATA
China’s trade surplus rises in June
China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China’s trade surplus rises in June