Singapore Airlines Cargo (SIA Cargo) and Concord Pacific - an EVA Airways affiliate company - are to each acquire a 16 per cent stake in Shanghaibased China Cargo Airlines following agreements reached in December. The deals remain subject to a number of regulatory and other approvals. The aim is to reorganise China Cargo Airlines into a limited liability Chinese-foreign equity joint venture company. The much anticipated consolidation in China's air cargo industry appears to be now in full … [Read more...] about CHINA: SIA and EVA to buy shares in China Cargo Airlines
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Children, children, children!
The ongoing spat over air rights between Canada and the United Arab Emirates is starting to look an awful lot like some pathetic preschool playground squabble - complete with finger pointing, name calling and sand throwing. Except this time it's not only supposed 'adults', but sovereign states playing increasingly ludicrous politics on the international stage. At the heart of the matter is this ongoing problem of what many see as government interference in the commercial aviation industry - one … [Read more...] about Children, children, children!
A new year full of hope
A new year begins, ushering out a dramatic year and- a-half that probably left many in the industry wondering why they ever launched a career in the air cargo industry! The good news is that the crisis has waned and fears of a double-dip recession appear unlikely to come to a fruition. Volumes have moderated on last year at the same time, but pretty much all agree that it was a very unusual peak season due to inventory restocking. Most see the situation as returning to a more stable environment … [Read more...] about A new year full of hope
Where there is smoke…
There is usually fire. The smoke this time emanates from a recent safety directive issued by the US Federal Aviation Administration (FAA) stressing the fire hazards posed by lithium batteries - used in everything from pace makers to watch batteries, cell phones, portable computers and car batteries. The fire in this case is a FAA proposal regarding lithium battery safety that is sitting on US President Barack Obama's desk - a dossier that most likely contains measures that could have a very … [Read more...] about Where there is smoke…
CHINA: Air freight rates out of Asia shrank 10% in June
Average air freight prices out of Asia fell 10.3 per cent in June from the month before as airlines brought capacity back into the market, according to the latest Drewry Air Freight Rate Index, by London-based Drewry Shipping Consultants. The June rate assessment for cargo out of Shanghai was still 54.7 per cent higher than the same month a year ago, but this was virtually the lowest point for air cargo rates last year. The month-to-month decline left the index at its lowest point since … [Read more...] about CHINA: Air freight rates out of Asia shrank 10% in June
HONG KONG: Cathay begins work on new cargo terminal
Cathay Pacific Airways, which resumed work on its new Cargo Terminal in June after a two years postponement due to the global recession, recently staged an event at Hong Kong International Airport (HKIA) to highlight the state-of-the-art features of the new facility. In March 2008, the Airport Authority awarded Cathay Pacific Services Ltd (CPSL), a wholly owned subsidiary of the airline, the 20-year franchise to invest in, design, construct and operate the new air cargo terminal with a … [Read more...] about HONG KONG: Cathay begins work on new cargo terminal
