Preliminary traffic data released by the Association of Asia Pacific Airlines (AAPA) for October indicate that the recovery remains tentative. AAPA international air cargo demand maintained the trend of slow but steady improvement, with traffic just 2.4 per cent below the levels recorded in October 2008, the smallest shortfall so far this year. The average international cargo load factor in October rose by 4.2 percentage points to 69.1 per cent, as carriers reduced capacity by 8.3 per cent. … [Read more...] about MALAYSIA: Asian airlines say recovery ‘tentative’
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MALAYSIA: Penang forwarders complain of soaring rates
Airfreight rates being offered by major cargo carriers have reached an all-time high, prompting many local companies and multinational corporations in the Malaysian high-tech production centre of Penang to use smaller carriers to send their cargo out of KL International Airport (KLIA), the 125-member Penang Freight Forwarders Association (PFFA) said. The association’s first vicepresident and air freight chairman P. Kalimuthu told StarBiz that airfreight charges had risen … [Read more...] about MALAYSIA: Penang forwarders complain of soaring rates
HONG KONG: Cathay Pacific to launch Milan service
Cathay Pacific Airways announced that it will launch four-times-weekly passenger service between Hong Kong and Milan, effective 28 March 2010 using B777-300ER aircraft. Cathay also announced that at the same time it will boost its services to and from North America by adding three flights a week to the existing daily service to Toronto from Hong Kong and it will also add three flights per week to Los Angeles from 1 May, increasing the frequency to 17 each week. … [Read more...] about HONG KONG: Cathay Pacific to launch Milan service
HONG KONG: Tight capacity causes peak season jams
Insufficient capacity in the market combined with last minute peak season surges resulted in an air cargo backlog that began in China and Hong Kong from early October and rapidly spread to other Asian airports including Shanghai, Beijing and Korea, leaving forwarders fighting for space on flights to Europe. An unprecedented backlog of 3,500 tonnes, or the equivalent of nearly 34 B747-400 freighters, at Hong Kong Air Cargo Terminals (Hactl) at the end of November translated to delays of up to a … [Read more...] about HONG KONG: Tight capacity causes peak season jams
HONG KONG: Peak season bonus for charters
An unexpected surge during the traditional peak season has given the Hong Kong office of Air Charter Service reason to cheer in what it described as a “pleasant surprise†as freight volumes moving on charters dramatically increased since early October. Stephen Fernandez, cargo manager ACS Hong Kong, explains: “We started receiving enquiries in the middle of September, but it wasn’t until early October that they started booking the flights and the market really picked … [Read more...] about HONG KONG: Peak season bonus for charters
HONG KONG: Cathay Pacific reports only 1.9% Oct drop
Cathay Pacific Airways reported cargo and mail tonne kilometres fell by 1.9 per cent in October, while passenger numbers were down 3.9 per cent to two million, but this was still, by far its best month of the year to date. Passenger load factors fell 6.8 percentage points to 82.3 per cent, with a 10.1 per cent capacity reduction. This includes the operations of both Cathay and its subsidiary Dragonair. General manager cargo sales and marketing Titus Diu said strong demand from Hong Kong … [Read more...] about HONG KONG: Cathay Pacific reports only 1.9% Oct drop