Malaysian courier firm GD ExpressCarrier Bhd (GDEX) expects its netprofit to double in the fiscal year endingJune 30, 2007, with an expandedand fully automated facility to handlehigher business volume. The company posted a net profitof M$1.2 million (US$341,440) on arevenue of $45.9 million for the yearended June 30, 2006. "We expect net profit to grow by70-100 percent this (fiscal) year, withrevenue growing in the range of 20-30percent. The better results are mainly due to additional … [Read more...] about MALAYSIA: GD Express expects profit to double
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BANGLADESH: GMG airlines eyes Malaysia service
GMG Airlines sees Malaysia as agateway to expand into other internationalmarkets, according to commercialinternational operations directorVirendra Nautiyal. GMG Airlines currently has five aircraftand plans to add two more nextyear. It will use two MD 82s, each with35.5 cubic metres of cargo capacity forits international routes. "We are eyeing mid-haul routes.By linking with Kuala Lumpur InternationalAirport, GMG Airlines willhave a platform to extend its servicesto Singapore, the … [Read more...] about BANGLADESH: GMG airlines eyes Malaysia service
SINGAPORE: CAAS to invest, manage airports in China
Having been overtaken by ShanghaiPudong International Airport with its2.16 million tonnes of cargo handled in2006 - against Singapore's 1.91 million- Singapore is changing its tactics, TheStar reported. According to Yeo Kia Thye, cargochief at the Civil Aviation Authority ofSingapore (CAAS), the city state willimplement a two-fold strategy to meetits rivals. First, CAAS aims to invest in, or manage,airports on the Chinese mainlandto tap into new growth opportunitiesthere, as opposed to … [Read more...] about SINGAPORE: CAAS to invest, manage airports in China
KOREA: KAL Cargo starts service to Moscow
Korean Air Cargo has launcheda regular freighter service on theIncheon-Moscow route. The cargo airlinewill re-route its Incheon-Frankfurtflight on Saturday, and operate theIncheon-Moscow-Frankfurt-Incheonroute once a week. In the past, shipments bound forRussia have been forwarded via Scandinaviancountries, because importduties at Russian ports were very high.However, air cargo demand is expectedto increase rapidly, since the Russiangovernment recently decided to reduceits import … [Read more...] about KOREA: KAL Cargo starts service to Moscow
MACAU: Viva Macau to introduce 2 B767s
Macau-based Viva Macau said it willstart scheduled revenue services withtwo Boeing 767s obtained from AWAS on long-term operating leases. The two B767s variants (a B767- 200ER and a B767-300) provide Viva Macau with the ideal range and capacity mix to successfully implement the airlines business initiative to serve both long haul and regional markets, the airline said in a statement. The announcement comes after Viva Macau successfully obtained its Air Operators Certificate last month. … [Read more...] about MACAU: Viva Macau to introduce 2 B767s
MACAU: China, Macau strengthen ties
The General Administration of CivilAviation of China (CAAC) and the CivilAviation Authority of Macau (AACM)have signed a new Memorandum ofUnderstanding regarding bilateral airtransport services, Xinhua reported. According to the new MoU, Macauairlines will be allowed to fly to 20 newdestinations on the mainland, raisingthe total number of China cities in their flight network to 57. The new China destinations are: Changchun, Taiyuan, Hefei, Luoyang,Yantai, Beihai, Meixian, … [Read more...] about MACAU: China, Macau strengthen ties
