It seems even the most optimistic in the air cargo industry have reset their viewpoints with a reality check. The oft expressed sentiment from a few months ago that the market has bottomed and will see some pickup sometime in the fourth quarter has quietly faded, replaced by the ‘hope’ of some recovery early next year. But the bigger fear of course is of the euro-sky falling. Many point to the most recent economic contagion of 2008-2009 where Asia, with the exception of Japan … [Read more...] about The ‘real’ intra-Asia trade
Uncategorized
CHINA – China’s SF Airlines to expand cargo fleet
While most of China’s domestic cargo airlines are experiencing operating losses due to sluggish market demand resulting from global economic uncertainty and China’s export slowdown Shun Feng (SF) Airlines, a Chinese privately run cargo operator, plans to expand its fleet. According to its chairman Li Dongqi the carrier will expand its freighter fleet from seven to more than 25 aircraft to meet growing demand for domestic express delivery services. Last year, Shun Feng’s … [Read more...] about CHINA – China’s SF Airlines to expand cargo fleet
The ‘real’ intra-Asia trade
It seems even the most optimistic in the air cargo industry have reset their viewpoints with a reality check. The oft expressed sentiment from a few months ago that the market has bottomed and will see some pickup sometime in the fourth quarter has quietly faded, replaced by the ‘hope’ of some recovery early next year. But the bigger fear of course is of the euro-sky falling. Many point to the most recent economic contagion of 2008-2009 where Asia, with the exception of Japan … [Read more...] about The ‘real’ intra-Asia trade
Toll rides through challenging conditions
Toll Group, a leading provider of integrated logistics in the Asian region, has released interim results for the six months ended 31 December 2011, with a net profit after tax of A$158 million, down four per cent compared to the corresponding period, and sales revenue of A$4.4 billion, up five per cent. Total operating profit (EBIT) was A$248 million, down two per cent. Net profit was down 3.7 per cent to 157.9 million. Brian Kruger, managing director of the Toll Group said: “These … [Read more...] about Toll rides through challenging conditions
Swissport launches cargo handling in Copenhagen
Swissport’s cargo handling facility at Copenhagen Airport (CPH), Scandinavia’s busiest airport, will begin operating on 1 July, becoming Swissport’s first cargo station in the Nordics. Swissport will offer the full range of cargo handling services in Denmark, and is also looking to expand further in the region. The agreement with Swiss WorldCargo is an expansion of the already wellestablished global cooperation between the two organisations. Swissport has also already signed … [Read more...] about Swissport launches cargo handling in Copenhagen
Eritrean Airlines returns to Frankfurt & Fraport
Fraport Cargo Services (FCS) has taken over cargo handling for Eritrean Airlines as of 17 April following the resumption of scheduled flights from the Eritrean capital of Asmara. To start, the route will be served three times weekly with an A319 aircraft from Asmara via Rome to Frankfurt and back to Asmara again. Winfried Hartmann, MD of FCS, says: “We are very pleased to welcome Eritrean Airlines back as a client. We will support our long-term partner in every way that we can with the … [Read more...] about Eritrean Airlines returns to Frankfurt & Fraport
