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
Leasing & Chartering
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
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
Chapman Freeborn does first charter on Qatar B777F
Chapman Freeborn Airchartering has successfully coordinated the first ever charter on Qatar Airways Cargo's latest addition to their fleet - a new Boeing 777 Freighter that was recently delivered to the Doha-based airline. The global aircraft charter specialist coordinated the movement of 87 tonnes of telecommunications equipment from Stockholm-Arlanda (ARN) to Dhaka (DAC) for the inaugural charter flight on behalf of its client Heavyweight Sweden AB. … [Read more...] about Chapman Freeborn does first charter on Qatar B777F
China will be biggest manufacturer in 2011
The US is poised to lose its 110-year run as the world's largest manufacturing nation by output, in 2011 to China, according to IHS Global Insight figures released recently. The US created 19.9 per cent of world manufacturing output last year, compared with 18.6 per cent in China, despite the global downturn. According to IHS, a US-based economics consultancy, goods output by the US totaled US$1.7 trillion, ahead of China at US$1.6 trillion. However China's factory output in 2011 will reach … [Read more...] about China will be biggest manufacturer in 2011
Asia-Pac sees continued cargo growth
More confirmation of the sustained recovery in the global air cargo market came today courtesy of the the Association of Asia Pacific Airlines (AAPA) with statistics showing that both air cargo and passenger markets continued to show further improvement in April despite a week of disruptions to traffic in and out of Europe as a result of the Icelandic volcanic eruption. Air cargo demand remained strong, maintaining the positive trend of recent months, with 32.1 per cent growth in freight tonne … [Read more...] about Asia-Pac sees continued cargo growth
