Aerospace logistics provider B&H Worldwide has been appointed by Ontic as its specialist warehouse and inventory management company for worldwide Ontic-owned AOG support assets. A B&H dedicated, climate-controlled facility at Heathrow will act as principal service centre with a central store providing a 24/7/365 operation. All items that form part of the inventory are produced by Ontic, a wholly owned subsidiary of BBA Aviation plc and a leading manufacturer or OEM-licenced parts, which … [Read more...] about Ontic goes with B&H Worldwide for parts management
Logistics
Virgin Australia, TNT do contract on domestic cargo
TNT Express awarded what is expected to be a US$575 million, five-year contract to Virgin Australia for domestic cargo transport which has prompted Virgin Australia to wet lease three freighters for the job. Beginning in July of this year, Virgin Australia will uplift TNT’s freight on its domestic network, as well as on the newly-leased freighters. Virgin Australia’s network currently extends to 47 destinations within Australia and offers connectivity to 17 international destinations within … [Read more...] about Virgin Australia, TNT do contract on domestic cargo
Chinese New Year confirms air cargo slide in Asia Pacific: WorldACD
Air cargo’s difficult start to 2016 was extended into February with worldwide volumes declining by 3.8 per cent year-on-year (YoY), the largest YoY volume drop in three years, according to the latest analysis by WorldACD Market Data. The origins Asia Pacific and North America were the main culprits with January/February together seeing these destinations posting YoY volume decreases of more than 7.0 per cent. Africa, Europe and Middle East & South Asia each posted around 5.0 per cent … [Read more...] about Chinese New Year confirms air cargo slide in Asia Pacific: WorldACD
Air cargo in the ‘new mediocre’ of global economic growth
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
Stifel Logistics Index: Positive blips in a downward trend
Despite improved results in January and February, the March edition of the Stifel Logistics Confidence Index suggests that these months may have merely amounted to positive blips within a downward trend, according to the Index’s authors at Transport Intelligence (Ti). The release of February trade volume figures for China showed that the country has experienced significant declines in both imports and exports, with the latter contracting 25.4 per cent year-on-year; the steepest decline since … [Read more...] about Stifel Logistics Index: Positive blips in a downward trend
Volga-Dnepr AN-124, IL-76 rush compressor repair for Sakhalin-2
Volga-Dnepr Airlines’ quick response operations for the oil & gas industry were called into action to ensure the urgent repair of a compressor at Russia’s only natural gas liquefaction plant, Sakhalin-2. The transportation project required operations using both An-124-100 and IL-76TD-90VD freighters from the airline’s fleet to move equipment from Kuala Lumpur, Malaysia, and Moscow to Yuzhno-Sakhalinsk on the Russian island of Sakhalin. Onboard the IL-76TD-90VD flight from Moscow was a … [Read more...] about Volga-Dnepr AN-124, IL-76 rush compressor repair for Sakhalin-2
