Cathay Pacific is staying committed to rebuilding connectivity at the Hong Kong air hub as the flagship airline welcomed the government's agreement to extend the drawdown period of the HK$7.8 billion loan facility until 8 June 2023. Airline chief Augustus Tang said the impact of the pandemic necessitated some very difficult decisions, including the restructuring in 2020 which included staff furloughs. He added that through this loan facility and recapitalisation, Cathay Pacific is coming … [Read more...] about Hong Kong extends HK$7.8b bridge loan to Cathay
air cargo freight
CMA CGM continues air fleet expansion with second B777F
CMA CGM welcomed its second Boeing 777F freighter as it announced an additional order for two more of the aircraft type at a ceremony signing held in Everett, WA on June 7. The international shipping company, which created its dedicated air cargo unit last year, plans to build up its fleet to a dozen aircraft by 2026. It took delivery of the maiden B777F earlier on 31 May, and with the second freighter, the company now counts six aircraft in its fleet, including four … [Read more...] about CMA CGM continues air fleet expansion with second B777F
Awery partners with IBS to drive digitisation of air cargo
Awery Aviation Software and IBS Software have teamed up to provide an enhanced solution for stakeholders across the air cargo and logistics supply chain. Awery can now deliver its CargoBooking and eMagic software platforms to IBS’ iCargo customers as part of the former’s ongoing strategy to drive digitisation across the sector. CargoBooking is an online booking portal that allows airlines and their GSAs to provide freight forwarders with real-time air cargo rate distribution and bookings … [Read more...] about Awery partners with IBS to drive digitisation of air cargo
Bolloré Logistics opens fulfilment hub in Thailand
Bolloré Logistics has something to smile about as the French forwarder opened its brand-new warehouse and distribution centre in Thailand on 8 June. Nicknamed SMILE HUB, the fulfilment facility is situated in Bangplee—-23 kilometres away from Suvarnabhumi International Airport in Bangkok. It offers an area of 11,000 square metres and was designed for the perfume, cosmetics and luxury sector. Bollore said the new hub, designed by Frasers Property Industrial Thailand, was built in line with … [Read more...] about Bolloré Logistics opens fulfilment hub in Thailand
Brussels Airport allots €70 million to modernize cargo area
Brussels Airport plans to invest ‘no less than’ 70 million euros over the next three years to redevelop a 83,500-sqm cargo zone in the central premises, with a focus on modernization, innovation and sustainability. The move comes as the airport sees growing demand for storage and handling space and with it the need to modernize several buildings. The airport group said eight obsolete buildings will be demolished to set the stage for three modern and sustainable buildings at the central area, … [Read more...] about Brussels Airport allots €70 million to modernize cargo area
Cathay and Lufthansa adds Swiss to joint cargo deal
Cathay Pacific and Lufthansa Cargo are looking to offer more flexibility and savings for shipments between Hong Kong and Europe as they welcomed Swiss WorldCargo into the airlines’ joint business agreement. The entry of Swiss WorldCargo builds on a deal signed in 2016 between the two airlines on sales, pricing, contracts, and the handling of shipments between Hong Kong and Europe. Under the new agreement, Cathay Pacific, Lufthansa Cargo, and Swiss WorldCargo will work closely together on … [Read more...] about Cathay and Lufthansa adds Swiss to joint cargo deal
