Air France-KLM has, at least temporarily, suspended its cargo service to Guangzhou, China, after cargo volumes dropped below what the carriers said were sustainable levels. … [Read more...] about CHINA: Air France out of Guangzhou
air cargo freight
CHINA: China aims to up Pearl River Delta competitiveness
The Chinese government has released its plan for the future development of that country’s most prosperous region, the Pearl River Delta. Shenzhen, Guangzhou and the other cities of Guangdong have the greatest concentration of economic activity in China and Beijing has mapped out an ambitious plan to keep the economic export engine running smoothly. The ongoing global recession has underscored concern in China over how to maintain growth in the key export sectors of its economy. … [Read more...] about CHINA: China aims to up Pearl River Delta competitiveness
CHINA: More bad news from China carriers
Air China and Shanghai Airlines joined China Southern Airlines and China Eastern Airlines in announcing that they expect to report losses for 2008. For Air China it is expecting to post itsfirst annual loss in eight years. Both carriers cited declining market demand along with the impact of May’s Sichuan earthquakes, stricter security measures surrounding the Beijing Olympics, the global financial crisis and the mid-year spike in fuel prices, followed by fuel hedge losses. Air … [Read more...] about CHINA: More bad news from China carriers
CHINA: Air China moves to fully acquire cargo division
China’s largest carrier, Air China is to purchase the remaining stake in Air China Cargo Co. Ltd, from Capital Airports Holding Company, which holds a 24 per cent share of Air China Cargo, for an estimated 798 million yuan. Air China currently holds a 76 per cent stake in the cargo subsidiary. Air China Cargo was co-established in March 2003 by Air China, Citic Pacific, and Capital Airports Holding Company. Air China originally held 51 per cent stake of Air China Cargo and later bought … [Read more...] about CHINA: Air China moves to fully acquire cargo division
MALAYSIA: Penang air freight volumes take a hit
The electronics and semi-conductor focused Malaysian island of Penang has taken a hit from the global economic downturn, with Penang Freight Forwarders Association (PFFA) president Joachim Loo saying December was the worst month in the past seven years forthe air freight business. “For the air-freight business, the inbound segment dropped by 52 per cent in December to 2,838 tonnes from 5,850 tonnes a year earlier. The export segment declined by 32 per cent in December to 4,971 tonnes … [Read more...] about MALAYSIA: Penang air freight volumes take a hit
MALAYSIA: AAPA figures reveal “shocking” cargo decline
December cargo volumes of member carriers of the Association of Asia Pacific Airlines plummeted a “shocking” 24 per cent. Recently released figures from the Association of Asia Pacific Airlines (AAPA) indicate that international air cargo traffic for 2008, expressed in freight tonne kilometres (FTKs), suffered a 6.1 per cent decline and while member airlines reduced cargo capacity significantly, the average cargo load factor for the year still fell by one percentage point to 65.6 … [Read more...] about MALAYSIA: AAPA figures reveal “shocking” cargo decline
