Airport Authority Hong Kong (AAHK) has become the sole shareholder of AsiaWorld-Expo (AWE) after the government transferred its entire interests in the conference facility, a press release announced last week. The airport group said it is moving forward with phase 2 development of the AsiaWorld-Expo which will see Hong Kong's largest indoor arena for events and conferences upon completion. The Phase 2 expansion will increase the total exhibition space to 100,000 square metres, with over … [Read more...] about Hong Kong airport assumes ownership of AsiaWorld Expo
Air & Cargo Services
Fraport divests stake in China’s Xi’an airport
Fraport AG is selling its stake in Xi’an Airport (XIY) in central China after 14 years, the group announced last week. Under an agreement signed on March 31, Fraport is letting go of its entire 24.5 percent stake in Xi’an Xianyang International Airport (the airport’s operating company) to Chang’an Huitong for RMB1.11 billion or around US$174.4 million. Fraport chief Dr. Stefan Schulte expressed satisfaction on the good work done with the airport but also some disappointment at the move to … [Read more...] about Fraport divests stake in China’s Xi’an airport
DHL names new Head of Asia Pacific Innovation Centre
DHL has named Lau Tian Chen as the new Head of its Asia Pacific Innovation Center (APIC) in Singapore as the company looks to enable businesses by coming up with new tech solutions. Coming from his role as vice president and head of business development at APIC, Chen has worked for over 2 decades at DHL.He will now be in charge of leading and mentoring colleagues at APIC where he will work with like-minded innovators to explore and test emerging logistics-related technologies that could … [Read more...] about DHL names new Head of Asia Pacific Innovation Centre
ASL tops up orders for Boeing’s 737-800BCF
Aircraft lessor and ACMI airline operator ASL Aviation Holdings earlier this week announced an order for up to 20 additional 737-800BCFs (Boeing converted freighters), bringing up its total order to 40 for the Boeing narrowbody freight jet. The agreement is for 10 firm orders and 10 purchase rights. The aircraft will be converted by Boeing at approved MRO sites, including STAECO in Jinan and at the company's London Gatwick MRO facility in the United Kingdom. Also read: B737-800 conversions … [Read more...] about ASL tops up orders for Boeing’s 737-800BCF
Geodis expands APAC footprint with Keppel acquisition
Geodis is looking to strengthen its contract logistics footprint and enhance its e-commerce fulfillment services in Asia Pacific after it signed a binding agreement to acquire Keppel Logistics earlier this week. With the acquisition, Geodis will further expand its footprint in Asia Pacific, adding to recent investments in contract logistics sites in India, South Korea and Australia. Singapore-based Keppel Logistics offers end-to-end B2B and B2C logistics solutions, including warehousing … [Read more...] about Geodis expands APAC footprint with Keppel acquisition
Raj Subramaniam steps in as FedEx chief
FedEx has promoted Raj Subramaniam to president and CEO effective 1 June 2022, replacing founder Fred Smith who will take on his seat as executive chairman. An industry veteran of more than 30 years, Subramaniam joined FedEx in 1991 where he worked his way up from management and marketing roles throughout Asia and the US to become the president of FedEx Express in Canada. The 54-year-old chief also served as executive vice president and chief marketing and communications officer of FedEx … [Read more...] about Raj Subramaniam steps in as FedEx chief
