Overall airline financial performance continues to improve strongly according to initial Q2 financial data from the International Air Transport Association (IATA). A sample of 25 airlines shows that the industry financial performance improved significantly on the year ago period at the operating and net profit level. The increase was driven by North American airlines, where consolidation and lower fuel costs have resulted in a significant boost to profitability. Airlines in Asia Pacific and … [Read more...] about Airline financials up, cargo volumes slip
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Oman Air, Cargolux add second freighter to Chennai
Oman Air and Cargolux, who launched a strategic partnership in April 2015, will be introducing a second frequency to Chennai from 11 August 2015. The addition of Chennai to the Oman Air-Cargolux network is the cooperation’s latest step in expanding its air freight services from Oman to India. The cooperation was established to enable Oman Air and Cargolux to jointly access new freighter destinations and contribute to the development of Oman’s logistics hub. It will allow Cargolux to utilise … [Read more...] about Oman Air, Cargolux add second freighter to Chennai
Air China to open two Africa routes
Air China will start Beijing-Johannesburg nonstop service using B777-300ER aircraft from 29 October 2015, which will be the first air link offered by a Chinese carrier between Mainland China and South Africa and also Air China's first route to Africa since the 1970s when it had one nonstop service to the continent. South Africa accounts for about one third of Africa's GDP and is also China's biggest trading partner in Africa. Currently, nearly 1.2 million Chinese live in South Africa and the … [Read more...] about Air China to open two Africa routes
CEVA sees positive Q2, creates Project Logistics division
CEVA Holdings, one of the world’s leading non‐asset based supply chain management companies, reported results for the three months ended 30 June 2015 with an adjusted EBITDA up 25 per cent year-on-year (up 31.7 per cent in constant currency). CEVA’s significant increase in profitability in the second quarter illustrates benefits being derived from the execution of the company’s business line strategy implemented 1 January 2015, it said. “The company turned in a solid second quarter … [Read more...] about CEVA sees positive Q2, creates Project Logistics division
Jetstar adds three SEA destinations
Jetstar Asia is expanding its coverage in Southeast Asia with the launch of direct flights to three new destinations using A320 equipment. From this fall, the Singapore-based low-cost carrier will launch services to the Indonesian cities of Palembang and Pekanbaru and Danang in central Vietnam. Flights to Palembang and Pekanbaru, the second and third largest cities in Sumatra, will start on 29 October and 5 November respectively and both routes will operate three times a week. Flights to … [Read more...] about Jetstar adds three SEA destinations
Singapore appoints new director general of CAAS
The Civil Aviation Authority of Singapore (CAAS) has announced Shum Jin-Chyi Kevin will be appointed as the director-general of Singapore aviation regulatory body with effect from 2 August 2015. He will take over from Yap Ong Heng who will be retiring from the Administrative Service. Mr Shum, 44, is currently deputy secretary (international) in the Ministry of Transport. Prior to this appointment, he held various key positions in the then-Ministry of Community Development and in the … [Read more...] about Singapore appoints new director general of CAAS
