Saying he was pleased with the progress made in rebuilding the leadership team at CEVA, the group’s CEO, Xavier Urbain, said: “Our performance improvement coupled with the strong increase in our new business pipeline points to the company being on the right track for growth... The numbers show we are gaining traction and are positioned well to make further progress in the future." Revenue of US$1.98 billion declined 4.2 per cent in the second quarter compared to $2.06 … [Read more...] about CEVA confident on future as 2Q results down
Logistics
Emirates adds second daily Nigeria service
Emirates has now connected Abuja, the Nigerian capital, to its worldwide network making it the carrier’s 26th destination in Africa and its 144th worldwide. Emirates began the daily A340-300 service to Abuja’s Nnamdi Azikiwe International Airport on 1 August, marking the start of the airline’s daily service to its second destination in Nigeria. Services to Lagos were launched just over 10 years ago. “With a fast growing economy, Nigeria … [Read more...] about Emirates adds second daily Nigeria service
Qatar ups Delhi maindeck to twice weekly
Qatar Airways Cargo started operating its second freighter service to Delhi, India from 22 July. This second frequency builds rapidly on the back of the first freighter service from Doha which arrived at Delhi’s Indira Gandhi International Airport on 4 May, this year the carrier said. “India is a highly important market for Qatar Airways Cargo,” said Qatar Airways chief officer cargo, Ulrich Ogiermann. “We are delighted to start our second freighter … [Read more...] about Qatar ups Delhi maindeck to twice weekly
YTO Express gets ‘ok’ to launch cargo carrier
Seeking to tap China’s 2015-estimated nine million tonne air freight market, YTO Express is the latest Chinese express provider to receive approval to launch a domestic cargo airline. The Hangzhou Xiaoshan International Airport-based carrier will initially operate either B737-300 or 737-400 freighters on domestic routes with plans to expand to 15 Boeing freighters in the next three years. The company plans to invest CNY5.5 billion (US$890 million) in its … [Read more...] about YTO Express gets ‘ok’ to launch cargo carrier
YTO Express gets 'ok' to launch cargo carrier
Seeking to tap China’s 2015-estimated nine million tonne air freight market, YTO Express is the latest Chinese express provider to receive approval to launch a domestic cargo airline. The Hangzhou Xiaoshan International Airport-based carrier will initially operate either B737-300 or 737-400 freighters on domestic routes with plans to expand to 15 Boeing freighters in the next three years. The company plans to invest CNY5.5 billion (US$890 million) in its … [Read more...] about YTO Express gets 'ok' to launch cargo carrier
ANA backs out of Asian Wings stake
Japan's All Nippon Airways (ANA) has dropped its plan to buy a 49 per cent stake in Myanmar airline, Asian Wings Airways, blaming "intensified'' competition in the country as it quickly emerges from years of economic isolation. Asian Wings operates an A321-100 and three ATR72-500s on scheduled flights throughout Myanmar, as well as to neighbouring Thailand. “Competition between new and old airlines in Myanmar has intensified, bringing rapid changes in the external … [Read more...] about ANA backs out of Asian Wings stake
