The trade association for UK freight forwarders and logistics service providers has expressed its frustration that a decision on the expansion of UK airport capacity is likely to be delayed for a further six months. In June this year, following the Airports Commission report on airport capacity in the UK, the British International Freight Association (BIFA) said that it backed the report’s proposal that the UK must push ahead on the expansion of aviation capacity with a new runway at … [Read more...] about BIFA frustrated by possible delay on Heathrow runway decision
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HK signs loan US$600m loan deal for third runway
The Airport Authority Hong Kong has signed a five-year, US$600 million evolving credit facility with 21 local and international banks participating, to help finance the expansion to a three-runway airport. Jack So Chak-kwong, the authority’s chairman, said a third runway is vital for HKIA’s cargo business, which handled 4.38 million tonnes in 2014 – a 6.0 per cent rise over the previous year. For the first six months of 2015, cargo traffic at HKIA was mostly flat, rising just 0.6 per cent, … [Read more...] about HK signs loan US$600m loan deal for third runway
PAL mulls move to Clark as NAIA congestion losses rise
Philippine Airlines, Inc. (PAL) said its losses reach around US$1,780 for every 30-minute delay in its flights due to the runway congestion at Manila's Ninoy Aquino International Airport (NAIA). Jaime J. Bautista, president and chief operating officer of PAL, made the comments in New Zealand during a ceremony marking the inaugural Philippine Airlines four-times weekly flight from Manila to Auckland on 8 December. “Many times we fly around Metro Manila for additional 20 to 30 minutes - we did … [Read more...] about PAL mulls move to Clark as NAIA congestion losses rise
Zalora signs returns deal with Pos Indonesia
Fashion e-tailer Zalora has signed a new collaboration agreement with Indonesia's national postal operator, Pos Indonesia, to supply customers with a free returns service at any of its 4,154 post offices. Zalora offers online shoppers more than 70,000 fashion products, including clothing, shoes, handbags, accessories and cosmetics for men and women. Anthony Fung, managing director, Zalora, said: “Pos Indonesia is the right partner for us in delivering a comprehensive online shopping … [Read more...] about Zalora signs returns deal with Pos Indonesia
Air freight concerned about new EU Customs Code
TIACA has raised a warning flag over Europe's Union Customs Code (UCC) which comes into effect in less than six months, saying in a note to its members that the UCC will have a "considerable impact on businesses importing into, or exporting from, the European Union (EU).” The pending regulations set to come into effect in May 2016 look to impose an obligation on forwarders to provide financial guarantees such as to cover duty payments and for the use of temporary storage, an obligation which … [Read more...] about Air freight concerned about new EU Customs Code
PACTL looks set for another record-setting year
Pudong Airport Cargo Terminal Co., Ltd. (PACTL) is about to set a new record for freight volumes in 2015. It has achieved tonnage growth of 6.82 per cent year-on-year, having processed 1.46 million tonnes of freight overall during the first eleven months of the year. The company handled more than 1.5 million tonnes of air freight for the very first time in 2014. PACTL’s domestic cargo volume grew by 8.47 per cent year-on-year to 94,707 tonnes during the first eleven months of 2015, while its … [Read more...] about PACTL looks set for another record-setting year
