India’s fi rst private-public venture, Cochin International Airport Limited (CIAL) said it will be diversifying from its traditional airport activity by embarking into different areas, including offering its expertise in airports and also setting up, among others, a special economic zone and constructing a Rs 100 crore warehouse. According to a South Asia Logistics report, CIAL has already held a premliminary round of talks with Maharashtra and Uttar Pradesh governments in regards to … [Read more...] about Cochin Airport to diversify activities

Macau International Airport has reported that its total outward cargo handled in the fi rst half of this year was 33,495 tonnes, representing a 20 percent decline year-on-year, according to offi cial statistics. The number of the commercial fl ight movements at the airport reached 24,407 at the end of June, representing a year-on-year rise of 4 percent. The fi gures released by the government-run Statistics and Census Service showed that China’s Taiwan and the Chinese Mainland were the … [Read more...] about Macau airport reports fall in H1 cargo

The dispute between airlines and the Thai airport monopoly over airport users’ fees has resurfaced as both sides remain steadfast in their arguments over rates, the Bangkok Post reported. Suvarnabhumi Airport general manager Serirat Prasutanond insisted last month that its landing and parking fees were either below or close to those of other regional airports, but the Board of Airlines Representatives (BAR) and the International Air Transport Association (IATA) have disputed his … [Read more...] about Airlines slam AoT for excessive fees

Beijing Capital International Airport has started to reduce the number of domestic fl ights and will not take new applications for licenses prior to 2010, The General Administration of Civil Aviation of China (CAAC) said in a statement. The moves aim to “curb the over-fast growth of the country’s aviation market”, amid increasing congestion at major airports, the statement said on the website. The CAAC said it has recently issued a circular requiring Beijing airport to … [Read more...] about Beijing Airport cuts local flights

Korea Post is considering buying a stake in Woori Bank or Korea Exchange Bank, two of South Korea’s largest lenders, as it seeks to broaden its range of investments and fi nd new areas of business growth. The possible investments are two of the ideas under consideration as Korea’s postal service agency, which manages $65bn in assets, looks to triple its investments in equities next year. Currently, the state-run Korea Post has about 3 percent of its assets in stocks, or 1.9 … [Read more...] about Korea Post mulls stake in KEB or Woori