Shenzhen authoritiesin southern China areoffering subsidies to airlinesthat launch all-cargoroutes from Shenzhen InternationalAirport to spureconomic growth and thedevelopment of the industry,reports said. Companies will be eligiblefor a subsidy of up to10 million yuan (US$1.29million) for each aircraftannually, provided theybase their operations fromShenzhen airport, Xinhuareports. The report said that ifa carrier launched internationalair cargo servicesfrom Shenzhen, they willqualify for … [Read more...] about Shenzhen offers subsidies to cargo airlines

Air China and Air Macauparent Air China Ltd. earneda 2006 net profit of CNY3.19billion (US$411.8 million),up 86.71 percent over theprior year, on a 17.4 percentlift in operating revenue toCNY44.9 billion. Chairman Li Jiaxiang saidthe result was in part dueto the company's A-sharelisting in Shanghai and therestructuring of its crossshareholding with CathayPacific Airways. "The share listing helped stabilise our capital structureand provides us theresources to continue ourfleet … [Read more...] about Air China reports record profit

Kerry Logistics and Wincantonhave signed a jointventure agreement to provideinternational supplychain solutions for customersshipping goods betweenthe Far East and Europe. With the increasing demandfor products manufacturedand sourced in Asia,the joint venture will enablecustomers to maintain asingle logistics relationshipfrom manufacturing plantsin the Far East through tostores across Europe andvice versa. Kerry Logistics isan Asia-based China-focused3PL company, providingpan-China logistics … [Read more...] about Kerry Logistics and Wincanton sign JV agreement

The Hong Kong Shippers'Council has come outin support of a proposalto build a third air cargoterminal at the Hong KongInternational Airport as itwill introduce increasedcompetition for more efficientcargo handling andbetter costing. In his message in theShippers' Today, HKSCchairman Willy Lin saidthe new terminal operator,which will be determinedthrough bidding, shouldguarantee that they will passon lower costs to shippers sothere will be less defectionto neighbouring airports. "Cost … [Read more...] about Shippers’ support 3rd terminal at HKIA

Chinese all-cargo carrierJade Cargo Internationalhas added four more destinationsto its flight schedulewith the delivery of its thirdfreighter in February. Jade Cargo took deliveryof the factory-new B747-400ER freighter from AmentumCapital, an Irelandbasedaircraft lessor. New destinations servedby Jade Cargo Internationalare Shanghai-Pudong,Luxembourg, Leipzig andStockholm. Jade Cargo will add twoweekly flights from Shenzhento Leipzig, routed backvia Stockholm, as well as aweekly link … [Read more...] about Jade Cargo further expands network