New products, new markets for Korean Cargo After facing the biggest demand fall in aviation’s history in 2009, businesses restarted again in 2010 with airlines ending last year slightly ahead of early-2008 volumes albeit with a dismal 2.7 per cent profit margin. Following the global financial crisis, air freight volumes reached their post-recession peak in May 2010, largely driven by re-stocking. But the joy was short lived and from about July this year, global freight markets began … [Read more...] about New products, new markets for Korean Cargo
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FIATA TOP SIX!
FIATA TOP SIX! Having just returned last month from the annual FIATA World Congress 2011, the Belly Ache gang have half-a-dozen reflections to share on their experiences in the fascinating land of the pharaohs. Not that we’re a bunch of whinging complainers here at Belly Ache Central, but here’s our top six ‘observations’ of the recent event. And really, we DID have a great time! 6. Egypt is a great place to part with your money. We’ve been to a lot of places … [Read more...] about FIATA TOP SIX!
UPS: Continued slow growth for 2011
UPS: Continued slow growth for 2011 United Parcel Service (UPS) posted a third-quarter consolidated net income of US$1.04 billion, up five per cent from $991 million year-over-year. UPS chairman and CEO Scott Davis attributed the results to a “deceleration in exports from Asia and a challenging global economic environment.” Operating revenue rose eight per cent to $13.2 billion from $12.2 billion while operating expenses increased 9.2 per cent to $11.55 billion, producing an … [Read more...] about UPS: Continued slow growth for 2011
DHL adds Bangalore, Leipzig B777F service
DHL adds Bangalore, Leipzig B777F service DHL Express has announced the launch of a B777F freighter service between Bangalore and Leipzig, in response to what it says is the growing air cargo demand into and out of South India. The freighter originates from Bangkok and Singapore, with the new service operating five times a week between Bangalore and DHL’s European hub in Leipzig, Germany. The freighter is operated by AeroLogic, the joint venture cargo airline of DHL Express and … [Read more...] about DHL adds Bangalore, Leipzig B777F service
Lufthansa, Frankfurt reel from night ban
Lufthansa, Frankfurt reel from night ban Should the ban become permanent the German cargo carrier may even face the possibility of having to relocate its air cargo hub to neighbouring airports like Frankfurt-Hahn, Cologne Bonn, or Liepzig where it already operates its joint venture cargo airline Aerologic with partner DHL Express. But with the need to coordinate cargo movements between the bellies of Lufthansa’s passenger fleet and its freighters, this would involve large scale road … [Read more...] about Lufthansa, Frankfurt reel from night ban
Changi Airport sees slight 2% cargo growth
Changi Airport sees slight 2% cargo growth Singapore Changi Airport handled 154,400 tonnes of cargo in September, an increase of 2.2 per cent year-on-year, while the first nine months of 2011 saw airfreight volumes reach 1.38 million tonnes, representing a growth of 2.5 per cent over the corresponding period last year. Aircraft movements grew 16.4 per cent to 25,500 movements during the month of September while the first nine months saw a 13.8 rise with Changi Airport handling 221,900 … [Read more...] about Changi Airport sees slight 2% cargo growth
