China’s SME freight forwarders are refocusing their marketing efforts on developing business in the emerging markets of Africa, Central Asia and Central Europe according to Henrik Christensen, Chairman and CEO of the China Logistics Club. Trade between Africa and China exceeded US$75 billion in 2007; having grown by 43 per cent annually on a compound basis for the last 5 years. Soaring trade between Africa and China is a contributing factor in the continent’s fastest economic … [Read more...] about China's freight forwarders target emerging markets
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Airbus trials P&W's geared turbofan
Following earlier trials with Boeing, Airbus and Pratt & Whitney (P&W) have commenced a series of flight tests to evaluate the ‘PurePower’ PW1000G technology demonstrator engine which features P&W’s patented ‘Geared Turbofan’ (GTF) architecture. The tests are being performed at Airbus’ flight test facility using Airbus’ own A340 flight test aircraft and will run until the end of the year. Airbus is working with all major engine manufacturers and will … [Read more...] about Airbus trials P&W's geared turbofan
Swissport cuts in India & Philippines
Swissport International has said it is revising its relationship with local partners in India and the Philippines for strategic and operating reasons. Swissport is disposing of its minor shareholding activities in the Philippines and is parting company with its present cooperation partner in India to evaluate new collaborations. In view of its basic policy of concentrating on majority-owned operations, Swissport has resolved to sell its 40 per cent holding in current partner Citadel. … [Read more...] about Swissport cuts in India & Philippines
Blue Dart's sales up, profit down
Blue Dart Express Ltd sees its quarterly sales climb as profit drops year-on-year. Income from operations for the quarter ended 30 September ‘08 was INR 2,628.4 million, compared to INR 2,073 million a year earlier. Profit after tax for the quarter was INR 135.8 million compared to INR 174.3 million in the corresponding quarter a year earlier. “Our results are a validation of our customer’s faith in us and of our commitment to serve their business,” said Anil Khanna, … [Read more...] about Blue Dart's sales up, profit down
Americas: Continental cashes in on bag-check fees
Continental Airlines said recently it expects to see US$100 million in revenue and cost savings related to a new US$15 dollar bag-check fee. The fourth-largest US airline also said it is comfortable with its bookings over the next six weeks. The outlook, which was issued in a government filing, came as experts speculate on how massive capacity cuts, fare increases and unpopular fees will impact travel demand. Continental introduced the fee to check a single bag last week, matching those … [Read more...] about Americas: Continental cashes in on bag-check fees
Americas: Udvar-Hazy may buy back ILFC from AIG
International Lease Finance Corp. - aircraft lessor and the largest single customer of both Boeing and Airbus - chairman and CEO Steven Udvar-Hazy is reportedly attempting to line up investors to buy back the company from parent American International Group (AIG), which purchased it in 1990, according to the Wall Street Journal. ILFC, founded by Udvar-Hazy and Leslie and Louis Gonda in 1973, is a bright spot in troubled AIG's portfolio. While the company as a whole nearly collapsed before … [Read more...] about Americas: Udvar-Hazy may buy back ILFC from AIG
