Increased competition from Asian carriers was one factor behind weak annual results for Air France – KLM, admits its spokesman Jean-ClaudeRaynaud. "Asian carriers have developed a lot, and have started offering very signifi cant capacities and frequencies to Europe, so we have entered a period of overcapacity which is not good either for fi lling the planes or for yields," he says. "It is not that business has declined from Asia and particularly China – it is still strong - but … [Read more...] about ASIAN AIR CARGO SUPPLEMENT – Asian Competition hits Air France – KLM
Latest News
ASIAN AIR CARGO SUPPLEMENT – Air China drives industry recovery
The Chinese commercial aviation industry appeared to post a signifi cant turnaround in 2006 with a collective net profi t of CNY2.38 billion ($311 million) compared with a CNY1.35 billion loss in 2005, ATWOnline reported. However, that reversal, outlined in the recently released CAAC annual report, largely was a result of Air China’s success. The Beijing carrier reported a CNY3.19 billion net last year, which helped boost the industry back toward 2004 profi t levels. Combined industry … [Read more...] about ASIAN AIR CARGO SUPPLEMENT – Air China drives industry recovery
ASIAN AIR CARGO SUPPLEMENT – Guggenheim optimistic about Asian growth
Guggenheim Aviation Partners remains optimistic about the long term growth of the air cargo market, despite the recent softening of ratesout of Asia. "A lot of capacity has come into the market and yields have been diluted as a result, however we see this as a temporary deviation from the long term positive trend given the underlying strength of the cargo demand in the region," says Paul Newrick, GAP's managing director. While noting some modal shift from air to sea, he reckons that the … [Read more...] about ASIAN AIR CARGO SUPPLEMENT – Guggenheim optimistic about Asian growth
ASIAN AIR CARGO SUPPLEMENT- High cost of cargo safety measures not benefi ting shippers
Asian shippers are concerned that the high cost arising from implementing cargo safety measures has not benefi ted them directly, and this was one of the thorny issues raised at the recent 4thAsian Shippers’ Meeting in Seoul. Hong Kong Shippers Council executive director Sunny Ho said a Chinese delegate to the meeting quoted a Japanese shipper as saying that in Japan, a Toyota executive had told him that it had taken the car manufacturer 10 years to shorten the production lead time by … [Read more...] about ASIAN AIR CARGO SUPPLEMENT- High cost of cargo safety measures not benefi ting shippers
ASIAN AIR CARGO SUPPLEMENT – EVA expects only moderate growth
EVA Air is expecting only moderate growth in its cargo business in 2007, citing high fuel prices, overcapacity and competition from sea freight as factors dampening down demand. However Clay Sun, senior vice president, cargo management department, says good growth is expected from selected markets, including Indonesia, India andVietnam. The main focus for the carrier during the year will continue to be its re-fl eeting programme, which is seeing a gradual shift away from MD-11 freighters and … [Read more...] about ASIAN AIR CARGO SUPPLEMENT – EVA expects only moderate growth
ASIAN AIR CARGO SUPPLEMENT – China’s civil aviation industry to face ‘small’ recession in 2009
CCID Consulting, a leading research, consulting and IT outsourcing service provider in China, said in a report that revenues from the main operations of China's entire civil aviation industry surpassed 200 billion Yuan in 2006 and total profi ts reached nearly 10 billionyuan. CCID Consulting analyst Liu Xu said that the civil aviation industry will maintain an overall relatively high-speed growth from 2006 through 2009. During this time the Beijing 2008 Olympic Games and other factors will … [Read more...] about ASIAN AIR CARGO SUPPLEMENT – China’s civil aviation industry to face ‘small’ recession in 2009