Turkish Airlines plans to launch more direct flights between China and Turkey, including cargo flights as it aims to tap the booming trade flow between the two countries, according to its chief executive officer, Temel Kotil, the Shanghai Daily reported. The airline, which boosted capacity by 21 per cent last year, is expected to pick Guangzhou, capital of Guangdong Province, as its destination but it is still waiting for an agreement which will facilitate the two countries to grant airlines … [Read more...] about EUROPE & CIS: Turkish Airlines eyeing more China cargo flights
Air Cargo Asia
EUROPE & CIS: AF-KLM posts US$219 million cargo loss
Cargo yields collapse in “sometimes desperate†competition. Air France-KLM said its cargo unit booked a US$219 million second quarter loss against a year earlier profit of nearly US$15 million and won’t break even for at least another eighteen months. The worsening cargo performance contributed to Europe’s biggest airline swinging to a US$70 million operating loss in the three months to September 30 from a $583 million profit in the same period in 2008. … [Read more...] about EUROPE & CIS: AF-KLM posts US$219 million cargo loss
EUROPE & CIS: Brussels Air reports strong volumes
Brussels Airlines’ cargo business from Europe to Africa is continuing to prove its resilience compared to the downturns in other international markets and, in October, reported the second highest monthly volume of cargo and mail traffic in its history. Guy Hardy, head of Cargo Sales, praised the performance of Brussels Airlines’ GSA partner, European Cargo Services (ECS) for generating the record 1.05 tonnes of southbound, traffic in October – a 97 per cent … [Read more...] about EUROPE & CIS: Brussels Air reports strong volumes
Panalpina wins key oil & gas logistics contracts
Weatherford and Halliburton, two major global players in the oil & gas industry and long-time Panalpina customers have awarded significant new businesses to the global forwarding and logistics group, it said. Weatherford is one of the largest global providers of innovative mechanical solutions, technology applications and services for all phases of oil and gas developments. The group has awarded Panalpina with significant air and ocean freight export business from the US and Canada. In … [Read more...] about Panalpina wins key oil & gas logistics contracts
DHL establishes oil & energy centre in Singapore
DHL has established its eighth and largest DHL Center of Excellence for Oil and Energy in Singapore to serve the Asia Pacific region as it moves to meet what it says is surging demand from the €260 billion global oil and energy logistics industry. Staffed by more than 200 employees, the DHL Asia Pacific Oil and Energy Center of Excellence (COE) located in Changi South comprises of a comprehensive team of industry professionals who design and implement innovative and enhanced logistics … [Read more...] about DHL establishes oil & energy centre in Singapore
IATA: Slow improvement continues
The International Air Transport Association (IATA) reported international scheduled traffic results for October 2009 showing continued improving conditions, although yields remain under serious pressure. Demand for both International cargo and passenger demand both rose to 0.5 per cent below October 2008 levels which is significantly better than the 5.4 per cent decline recorded in September. Load factors for cargo and passengers continue at pre-recession levels of 54.1 per cent and 78 per cent … [Read more...] about IATA: Slow improvement continues