UPS has denied newspaperreports that it plansto cancel its order for 10A380Fs. The cargo carrieris the last customer for thefreighter version of the aircraft.Earlier, rival FedEx cancelledits order for 10 A380Fsin November and placed anorder for 15 777Fs with 15options instead. French newspaper LesEchos reported last monththat UPS would cancel theorder, but the company clarifiedthe report by saying thatno decision had been madeand that it was continuingtalks with Airbus about a … [Read more...] about UPS denies plans to cancel A380 order
air cargo freight
EUROPE: BA World Cargo names new chief
British Airways World Cargo hasannounced the appointment of SteveGunning as managing director, witheffect from 2 April 2007. The appointment follows the promotionof the previous managingdirector, Gareth Kirkwood, to directorof operations at British Airways. Cunning joined British Airways in1998 and became head of finance atBA World Cargo in 2004. During histwo years in that role, he gained significantexperience in the business andthe industry. For the past year he hasbeen head of internal … [Read more...] about EUROPE: BA World Cargo names new chief
MALAYSIA: GD Express expects profit to double
Malaysian courier firm GD ExpressCarrier Bhd (GDEX) expects its netprofit to double in the fiscal year endingJune 30, 2007, with an expandedand fully automated facility to handlehigher business volume. The company posted a net profitof M$1.2 million (US$341,440) on arevenue of $45.9 million for the yearended June 30, 2006. "We expect net profit to grow by70-100 percent this (fiscal) year, withrevenue growing in the range of 20-30percent. The better results are mainly due to additional … [Read more...] about MALAYSIA: GD Express expects profit to double
CHINA: Chinese heavyweights pick Copenhagen
Copenhagen airport has long beenseen as a useful hub by Singapore Airlinesand Korean Air Cargo. However,the addition of two Chinese heavyweightsin the last few months seemsto be catapulting the airport into thebig league. The airport saw Air China startthree weekly B747-200F services inSeptember, and this was followed bythree MD-11F services by China CargoAirlines in December. In all this bringsthe airport's wide-body freighter departuresto 68 a month, double thenumber it had two years … [Read more...] about CHINA: Chinese heavyweights pick Copenhagen
EGL's CEO bids to acquire the company
EGL's largest shareholder, the company'sfounder and chief executiveofficer James Crane, along with privateequity company, General Atlantic, havesubmitted a proposal to acquire all ofthe outstanding equity interests of EGLfor $36 per share in cash. Crane is Houston-based EGL'sbiggest shareholder, with 18 percent.EGL's board of directors has formeda Special Committee of independentdirectors to review and evaluate theproposal. However, the company hasmade it clear that no decision has beentaken … [Read more...] about EGL's CEO bids to acquire the company
Hongkong Post eyes mailing hub status
Hongkong Post is planning tobecome a mailing hub for the mainlandin a move that could bring ithundreds of millions of dollars ayear, Postmaster General Tam Wingpongtold the Standard newspaper. Tam, who took over the position inJuly, said the growing bulk commercialmailing market in the mainland will be akey focus for Hongkong Post's businessdevelopment over the next few years. 'Many countries are looking at themainland's postal services, includingsending to or delivering from themainland, … [Read more...] about Hongkong Post eyes mailing hub status