Aimed at relieving the long winding queues of cargo near the airport gateways, Indev Air Freight Station, India’s first private air freight station (AFS,) has announced it will begin operations on 1 August. Spread over an area of around 1,858 sqm near Chennai the AFS is an off-terminal facility where all import formalities can be completed. The facility which got license from the customs three years back, but was delayed due to lack of EDI (Electronic Data Interchange) connectivity, is … [Read more...] about India’s first private air freight station set to open
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Weak Euro economies continue to impact AP, ME cargo
Air freight movement at Asia-Pacific and Middle East airports continued to be impacted by weak economic growth in Europe and slowdown across Asian export markets in May, according to Airports Council International (ACI). Asia-Pacific recorded marginal increase of 1.6 per cent while the Middle East grew 4.4 per cent year-on-year. Among major cargo airports in the region, New Delhi (DEL) led Asia-Pacific with the highest growth rate at 16 per cent whereas Doha (DOH) led the Middle East at 14.7 … [Read more...] about Weak Euro economies continue to impact AP, ME cargo
HNA Group in talks to acquire Swissport
HNA Group Co., owner of China’s fourth-largest airline, is said to be in talks to acquire ground handler Swissport International Ltd., according to a Bloomberg report quoting unnamed sources. The report said Swissport’s private-equity owner PAI Partners SAS is seeking about US$3 billion from a sale, but negotiations have dragged on for several months, held up by disagreement over the price, according to the sources. Swissport provides ground services for around 229 million passengers and … [Read more...] about HNA Group in talks to acquire Swissport
National B747F crash from shifting cargo: NTSB
A National Airlines B747-400 freighter that crashed seconds after takeoff from Bagram, Afghanistan, in April 2013, was likely caused by inadequate restraint of large military vehicles being carried onboard which broke loose and went through a bulkhead disabling two hydraulic systems and making the aircraft uncontrollable, according to a National Transportation Safety Board (NTSB) investigation. The crash killed seven crew members at the start of the flight to Dubai. The aircraft was … [Read more...] about National B747F crash from shifting cargo: NTSB
Bohai Leasing to take 20% stake in Avolon Holdings
China-based leasing company Bohai Leasing is to buy a 20 per cent stake in Ireland-based Avolon Holdings for US$429 million. A unit of China's aviation and shipping conglomerate HNA Group, Bohai expects the offer to be formally launched by end-July following the approval of its shareholders. The transaction will provide HNA access to a global aircraft leasing market that is currently dominated by GE Capital and AerCap Holdings. Avolon chairman Denis Nayden said: "Our objective at Avolon is to … [Read more...] about Bohai Leasing to take 20% stake in Avolon Holdings
CEVA opens parts distribution centre in the Netherlands
CEVA Logistics has announced the opening of a global distribution centre for industrial spare parts, consisting of warehousing space of 12,000 sqm and a yard of 10,000 sqm in Born, the Netherlands. Centrally located in Europe, ideal for European distribution, CEVA will send a variety of parts to end customers and also to replenish local distribution centres worldwide. The site is located within an industrial estate, which has excellent transport links to both air and ocean ports, and road, … [Read more...] about CEVA opens parts distribution centre in the Netherlands
