Britain's largest airports group suffered a saw cargo traffic plunge more than 20 per cent in February. BAA, which operates seven UK airports, including Heathrow, Gatwick, Stansted, Edinburgh and Glasgow, said that its total UK cargo volumes had fallen by 21.4 per cent during February compared with the same month a year ago to 119,984 tonnes. The decline varied according to airport, with Gatwick reporting a 57 per cent decline in cargo traffic to 6,000 tonnes, while Heathrow, the UK's biggest … [Read more...] about BAA cargo dives 21 per cent in Feb
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Finnair suspends Mumbai route
Finnair announced that it will temporarily suspend its four-times weekly Helsinki-Mumbai service from May until mid-October. The carrier said the decision was based on the ongoing unfavourable economic conditions affecting both passenger and cargo sales in India and Europe and noted the current overcapacity situation on Mumbai-Europe routes. … [Read more...] about Finnair suspends Mumbai route
China Eastern group may get $292m aid
The parent of China Eastern Airlines may receive a further capital injection of US$292 million from the central government. The official Shanghai Securities News quoted China Eastern Air Holding deputy general manager Li Jun as saying that the injection, which would bring total government aid to $1.3 billion, still required approval from the authorities. It also quoted Luo Zhuping, the listed company's board secretary, as saying there was no timetable for receiving additional aid. But an … [Read more...] about China Eastern group may get $292m aid
SATS forms new low-cost handling unit
Singapore Airport Terminal Services Limited (SATS) has announced that it has formed a new subsidiary - Asia-Pacific Star Pte Ltd - to offer low-cost ground handling services for low-cost carriers (LCCs) at Singapore Changi Airport and further afield in the region. A wholly-owned subsidiary of SATS, Asia-Pacific Star will provide point-to-point ground handling services such as passenger, ramp and baggage handling, and aircraft interior cleaning with shorter turnaround time. It will begin … [Read more...] about SATS forms new low-cost handling unit
HK’s cargo volumes continue to slide
Hong Kong Air Cargo Terminals Limited (Hactl) said it handled a total of 133,624 tonnes of cargo in February, down 22 per cent year-on-year. Import volume for February was 38,587 tonnes, down 20 per cent against February last year while exports were down 25.3 per cent year-on-year for a total of 64,546 tonnes. Exports to Europe were particularly weak, with a significant decline of 37.7 per cent. Cumulative tonnage for the first two months of the year was 276,378 tonnes, down 26.9 per cent … [Read more...] about HK’s cargo volumes continue to slide
Cargo crime to jump as crisis deepens
The global economic downturn will lead to an increase in incidents of cargo crime in 2009, warns the Transported Asset Protection Association (TAPA). The latest statistics from the association's Incident Information Service (IIS) for the Europe, Middle East and Africa (EMEA) region show 3,756 reported incidents of cargo crime during 2008 with a total loss value of more than ¢ã170.6 million. This figure will continue to grow with incident data still being collated for last year, according to … [Read more...] about Cargo crime to jump as crisis deepens
