Airbus COO-customers, John Leahy said recently that the manufacturer may ramp up A320 family aircraft production to 40 per month as early as the end of 2010 or early 2011, a signal that the industry has some confidence in an impending economic recovery. Leahy said that a ‘best case’ outlook saw a 2 per cent year-on-year drop in RPKs this year, 4 per cent growth next year and a 6 per cent increase in 2011, while a ‘worst case’ scenario featured a 4 per cent … [Read more...] about Possible 2011 ramp-up of A320 production
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China Eastern looks to another hand-out from Beijing
China Eastern Airlines (CEA) is expected to receive a further CNY2 billion (US$294 million) capital injection from the Chinese government to help the struggling carrier survive. This follows an earlier CNY7 billion hand-out from Beijing at the end of 2008 but did little to relieve its debt burden of CNY83.7 billion as of 31 March which amounted to a debt ratio of 115 per cent. Industry pundits have speculated the bailout money is meant to pave the way for the long-talked about merger with … [Read more...] about China Eastern looks to another hand-out from Beijing
UPS expands India field stocking network
US-based global package delivery and logistics service provider UPS has announced plans to expand its field stocking location (FSL) network in India. "Despite current economic conditions, Asia continues to be a global manufacturing hub and market research indicates Asia's contract logistics market could overtake North America's in the next five years," said president of UPS Logistics & Distribution, Brad Mitchell. "UPS is expanding its post sales solutions in the Asia Pacific region to fulfill … [Read more...] about UPS expands India field stocking network
Huawei selects Panalpina as prime LSP
Swiss-based global forwarder Panalpina has been named as a prime logistics service provider (LSP) by China’s Huawei Technologies, a global telecommunications giant, for Huawei’s China-Brazil end-to-end business. Under the three-year agreement Panalpina will handle all international air freight estimated to be several thousand tonnes annually, from China to Brazil as well as the full logistics services at destination, including local distribution and warehousing. Panalpina … [Read more...] about Huawei selects Panalpina as prime LSP
TNT extends Asia Road Network into Cambodia
TNT has extended its Asia Road Network (ARN) into Cambodia, creating a fully integrated express road service to and from Phnom Penh. With the new Cambodian extension, TNT has added more than 1,500 km to the existing 6,000 km ARN running from its integrated road/air hub in Singapore to Thailand and though to China where TNT bases freighter operations out of Shanghai Pudong. TNT claims the extension establishes it as the only express integrator to provide a fully integrated, scheduled, … [Read more...] about TNT extends Asia Road Network into Cambodia
Mercury Air Cargo launches cargo handling JV
Mercury Air Cargo has launched MAC Cargo Handling - a joint venture with three veteran ground handling executives. The joint venture brings together Mercury's 25 years of cargo handling experience and its position as the largest third party air cargo handler at Los Angeles International Airport, with the expertise of Anthony Bonino, Steve Ballard, and Philip Scherer. Mercury said MAC will focus on providing airlines with experienced manpower and operations to improve their bottom line and … [Read more...] about Mercury Air Cargo launches cargo handling JV
