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
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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
Air China eager to set up Shanghai cargo carrier
China's Air China is set to buy East Star Airline and also is negotiating with Cathay Pacific and China Eastern subsidiary China Cargo Air to establish a joint venture cargo airline in Shanghai, according to a report in Chinastakes.com. Air China chairman Kong Dong, who also is general manager of Air China Group, Air China's parent company, said the buyout deal - with the nine plane, 10 route East Star Airline - would be finalised soon. East Star is believed to owe Hangzhou Xiaoshan Airport more … [Read more...] about Air China eager to set up Shanghai cargo carrier
China’s cargo traffic down 28% in Feb
China's air cargo traffic volume declined 28 per cent year-on-year in February due to the deepening global economic crisis, Li Jiaxiang, director of the Civil Aviation Administration of China (CAAC), said according to a Chinadaily.com report. … [Read more...] about China’s cargo traffic down 28% in Feb
