In last week’s roundup, we take a look at some of the latest developments in and out of Asia Pacific, including dnata’s cargo milestone at Dubai International airport (DXB), DHL’s recent partnership with Indonesia’s Pelindo 1 and the all-women service centre launched by Blue Dart in India to celebrate International Women’s Day. Frankfurt Airport sees record February for cargo Despite the ongoing shortage in belly capacity, Frankfurt Airport saw a record February for its cargo operations … [Read more...] about PLA Global Wrap: Week 10
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DHL Express opens $131m hub at Malpensa Airport
DHL Express has opened a new logistics hub at Milan’s Malpensa Airport (MXP), valued at €110 million (US$131 million) euros, as part of a €350 million (US$418 million) investment plan in Italy. The company will operate over 30 daily flights from the new hub and nearly 38,000 pieces per hour through automated sorting and scanning systems, it noted, enabling 12 times more operational capacity. It integrates both air cargo services and a service centre for last mile pick-up and delivery. The … [Read more...] about DHL Express opens $131m hub at Malpensa Airport
AerCap, GECAS merger forms world’s biggest jet lessor
Aviation lessor AerCap confirmed on 10 March in a filing to the US Securities and Exchange Committee (SEC) its proposed acquisition of GE’s aircraft leasing division GECAS (GE Capital Aviation Services). The deal, valued at US$30 billion, is still subject to shareholder and regulatory approvals, and other customary closing conditions, but is expected to be closed by the last quarter of 2021. Under the terms of the agreement, GE will get approximately $24 billion in cash, 111.5 million … [Read more...] about AerCap, GECAS merger forms world’s biggest jet lessor
Amazon takes stake in aircraft lessor ATSG for US$131m
Amazon has snapped up a 20 percent stake in cargo airline operator and lessor Air Transport Services Group (ATSG), which operates part of the company’s air fleet. The deal, valued at around $131 million, saw the e-commerce giant exercise warrants in ATSG, which will allow it to purchase around 13.5 million shares in the cargo airline at $9.73 per share, or more than $131.9 million, according to ATSG’s SEC filing on 8 March. Amazon also purchased around 865,000 shares of ATSG on a cashless … [Read more...] about Amazon takes stake in aircraft lessor ATSG for US$131m
Cathay takes record loss despite positive cargo revenue
Cathay Pacific Group highlighted the valiant effort of its cargo division in its 2020 annual results as its overall performance, particularly the passenger business, was severely hit, no thanks to the pandemic. The group reported a record annual loss of US$2.8 billion (HK$21.65 billion) last year, with group revenue down 51.6 percent from 2019 to US$6.04 billion (HK$46.9 billion). “The Cathay Pacific Group experienced the most challenging 12 months of its more than 70-year history in … [Read more...] about Cathay takes record loss despite positive cargo revenue
QR Cargo offers discount to support Qatari exports
To support local manufacturers in Qatar, Qatar Airways Cargo, together with state bank QDB (Qatar Development Bank), is offering discounted rates to exporters who are current QDB clients and hold a certificate of origin for their products, to reach international markets. The export products covered under this partnership include all types of general goods, except for dangerous goods. The special discount is available to more than 350 exporters—mainly QDB clients—who wish to ship their … [Read more...] about QR Cargo offers discount to support Qatari exports
