With the scheduled August 2 opening of a second runway, fi nancially troubled Kansai International Airport is hoping to be revived as a major Asian freight hub, according to a Japan Times report. Since the offshore airport opened in 1994 with one runway, it has touted itself as, among others, a cargo gateway to Asia. Over the years, the number of fl ights to Asia, especially China, has increased as fl ights to Europe and North America were cut back. The volume of international freight is … [Read more...] about Japan's Kansai airport to rely on cargo growth

Compared with the previous show in Shanghai, the used floor space of the 13th Air Freight Asia Exhibition has expanded by more than 20 percent, refl ecting continued interest from the international air cargo industry in displaying their products and services in Asia, the world's fastest growingeconomic region. Seventy exhibitors from Asia (including China), the Middle East, Europe (including Russia) and the US have confi rmed their participation in this year's event. The latest additions to … [Read more...] about AFA 2007 exhibition offers broad spectrum of today's leading cargo players

UPS has announced the launch of UPS Express Critical, which it describes as "a service that meshes all of UPS' same-day and urgent capabilities into a single suite, allowing customers to more effectively manage package and heavy freight shipmentstogether." "For the fi rst time in the industry, customers have a single point of contact regardless of whether they're shipping a small package or a 1,000 pound machine part - air or ground, domestic or international. Customers now … [Read more...] about UPS launches "Express Critical"

Seoul-based Korean Air Lines Co. has won preliminary approval to set up an US$65m venture with three other partners in China. The airline will spend US$16.25m on a 25 percent stake in the venture, named Galaxy International. Sinotrans Air Tranportation Development Co. will invest US$33.15m for a 51 percent stake, while the rest will be shared by investment fi rms Hana Capital and Shilan Capital. … [Read more...] about KOREA: Korean Air's Chinese venture