Singapore governmentowned investment company, Temasek has taken a 27.74 percent equity stake in First Flight, a courier and express delivery company based in Mumbai, India. The deal is reported to be valued at Rs 107.5 crore. The funds raised by the transaction would enable First Flight to expand its aviation and warehousing businesses. Established in 1988, First Flight offers traditional courier services, as well as surface and air cargo services. … [Read more...] about Temasek buys into India's First Flight

New Brussels-based all-cargo airline, Cargo B Airlines has appointed several GSAs as part of its worldwide marketing strategy, ready for the start of fl ight operations at the end of September 2007. The GSA’s include Globe Air Cargo, which will cover Germany, Poland, Switzerland and Austria, Aero Cargo International will cover France, South Africa will be handled by Express Air Services and Latin America will be represented by Aerogroup. In the coming weeks, more GSAs will be appointed … [Read more...] about EUROPE: Cargo B Airlines appoints GSA's

Indonesia's flag carrier, Garuda Indonesia, is considering reopening routes to Amsterdam and Nagoya, in Japan and starting a new service to India next year, The Jakarta Post reported quoting a company spokesman."We terminated our service to Amsterdam at the end of 2004 because it wasn't competitive and was losing money. Now, we are considering reopening it with improved effi ciency and profi tability," the spokesman said. Besides Amsterdam, Garuda also closed its routes to London … [Read more...] about INDONESIA: Garuda mulls relaunch of int'l routes

Goodrich Corp said it has been selected by Cathay Pacifi c Airways to provide advanced cargo systems for the Hong Kong carrier’s new fl eet of Boeing 747-400ERF freighters. The systems are designed to reduce overall downtime when system maintenance work is required, Charlotte-based Goodrich said in a statement. The contract also includes next-generation Power Drive Units which will be integrated into the cargo systems to facilitate movement of shipments on board the aircraft, the … [Read more...] about HONG KONG: Goodrich to supply CX freighters' cargo systems

A leading Sri Lankan operator in the horticulture sector has been among the first group of entrants to the Dubai Flower Centre (DFC) and more from the public and private sector are keen to establish a regular link with the perishables transshipment facility in Dubai in order to expand their export base,DFC said in a statement. While Ceylinco Foliage Export Ltd, producers, wholesalers and exporters of fresh quality foliage, plant material and accessories has already become a tenant at the … [Read more...] about Operators eye links with DFC

Why have airlines so far proved reluctant to apply for Cool Chain Association accreditation? That was one of the topics being discussed at the association’s fifth annual general meeting at France’s Vatry airport on23-25 May. “We are puzzled that more airlines have not started the certification process,” admitted Kerstin Belgardt, secretary of the CCA, shortly before the AGM. “Is it that they have issues with the certification process, or is it that they are … [Read more...] about Cool Chain Association probes airline reluctance