Swire Pacific said it has formed a joint venture with Air China unit Air China Development Corp (Hong Kong) and SkyWorks Capital of the US to provide a range of fi nancial advisory services to the aviation industry throughout the Asia Pacifi c region. Swire said the JV, which will be called SkyWorks Capital, seeks to provide such services to clients such as airlines, banks, lessors and investors. The JV’s ownership will be equally shared by the three partners, Swire Pacific said. … [Read more...] about HONG KONG: Swire Pacific, Air China form joint venture

U-Freight, the Asia-based freight services group, has strengthened its operations in Hong Kong with the opening of a further dedicated, fullservice logistics facility. The facility, which will be operated by wholly-owned subsidiary, U-Freight Logistics, is located in Yuen Long, close to the fourth border crossing between Hong Kong and China. The new facility also has a state-ofthe- art Electrostatic Discharge Protection (ESD) repacking room, which is very useful for U-Freight’s … [Read more...] about HONG KONG: U-Freight opens third warehouse

Hong Kong-based freight forwarding and logistics group BALtrans has opened its fi rst operation in France, based at Paris Charles de Gaulle Airport. BALtrans Logistics France provides global freight forwarding by air and sea, and pan-European roadfreight services, utilising BALtrans’ own network of over 60 owned offi ces in more than 20 countries, and partnerships and alliances in a further 40 countries. One of BALtrans’ early specialisations in France is inbound … [Read more...] about HONG KONG: BALtrans opens office in France

Asia Airfreight Terminal Co Ltd (AAT) said its cumulative tonnage from January to July 2007 was 350,164 tonnes achieving an increase of 0.7 percent against same period last year. Accumulated export cargo volume was 234,863 tonnes; up 1.4 percent while import cargo volume from January to July was 112,561 tonnes, slightly up by 0.7 percent on a year-on-year basis for the respective period last year. The total transhipment volume up to July 2007 was 2,740 tonnes, down 36.4 percent against same … [Read more...] about HONG KONG: AAT announces tonnage throughput

Following the customs facilitation initiated by the Shenzhen Customs, Hong Kong Air Cargo Industry ServicesLimited (Hacis) has formally implemented the “Airport Express Lane”,expediting logistics flows, reducingoverall trucking cost and improvingoperational effi ciency across the HongKong-Shenzhen boundary for freightforwarding agents and airlines. Incorporating electronic seal (e- Seal) and global positioning (GPS) technologies, the “Airport Express Lane” enhances … [Read more...] about HONG KONG: Hacis implements ‘Airport Express Lane’

Yangtze River Express Airlines (YRE) last month started a new freighter service between Shanghai and Luxembourg, in a move to explore the overseas freight market and secure a fi nancial turnaround, Xinhua News Agency reported. The company received a new Boeing 747-400 aircraft last month, which will operate four times a week on the Shanghai-Luxembourg route. Yangtze River Express was the fi rst cargo airline to service the China-US routes, and already fl ies to Los Angeles and New York. With … [Read more...] about CHINA: YRE starts Shanghai- Luxembourg service