Alibaba Group Holding Limited announced that it will invest approximately USD1 billion to increase its stake in Lazada Group, from 51% to approximately 83%. This transaction demonstrates the continued success of Lazada’s business, Alibaba’s confidence in the growth potential of the Southeast Asian markets and its commitment to the region as part of its global strategy. Alibaba will purchase the shares of certain Lazada shareholders at an implied valuation of USD3.15 billion for the … [Read more...] about Alibaba Group increase stake in Lazada
Air & Cargo Services
CEVA achieves CEIV certification in Singapore
CEVA Logistics, one of the world’s largest supply chain management companies, has been awarded IATA's CEIV status at its facility in Singapore. CEIV is designed to indicate a company or branch's level of competency as well as operational and technical preparedness in the global transportation by air of pharmaceutical products. A certified pharmaceutical location meets consistent standards and is fully capable of assuring product integrity. CEVA staff in Singapore have undertaken … [Read more...] about CEVA achieves CEIV certification in Singapore
Cathay Dragon and Shenzen Airlines expand codeshare
Cathay Dragon announced an expansion of its codeshare agreement with Shenzhen Airlines that will see the airline add three new destinations to its network in Mainland China. In the strengthened agreement, Cathay Dragon’s “KA” code will be placed on Shenzhen Airlines’ flights between Hong Kong and Yantai, Jinan and Harbin, while Shenzhen Airlines’ “ZH” code willbe placed on Cathay Dragon’s services between Hong Kong and Nanjing and Xi’an. Cathay Dragon customers … [Read more...] about Cathay Dragon and Shenzen Airlines expand codeshare
TIACA’s ‘Future Proofing Air Cargo’ gives innovators platform for change
The truth behind digitization, Latin America’s e-commerce potential, and the launch of unmanned aircraft will be just three of a range of discussions heading the agenda at TIACA's 2017 Executive Summit 'Future Proofing Air Cargo'. The three-day event will bring together air cargo decision makers from across the globe for opportunities to network, grow new business, and learn from the experts. For the first time, the voice of the maritime industry will be welcomed, with Troels … [Read more...] about TIACA’s ‘Future Proofing Air Cargo’ gives innovators platform for change
Antonov Airlines has appointed a new GSA in Australia
The GSA representation, part of ongoing expansion for the heavy lift, super-heavy lift, and project cargo specialist, will be managed by Ken Lyons, Sales and Development Manager, ACP Worldwide - who has five offices in the region comprising Melbourne, Sydney, Perth, Brisbane and an office in Auckland. Antonov operates a fleet of seven AN-124-100 freighters, with a payload of up to 150 tonnes, in addition to the 60 tonnes payload AN-22 and the AN-225, which is the largest aircraft in … [Read more...] about Antonov Airlines has appointed a new GSA in Australia
Henk Venema named new chairman of Cargo iQ
Henk Venema, Senior Vice President and Global Head of Network Carrier Management at DHL Global Forwarding, has been named the new chairman of the Cargo iQ Membership Board. Venema, who has over 15 years of experience in air cargo, takes over from Max Sauberschwarz, Vice President and Global Head of Carrier and Gateway Air Logistics at Kuehne + Nagel, who chaired the IATA interest group from 2013. Kester Meijer, Director Operational Integrity, Compliance & Safety - ISCM, Air … [Read more...] about Henk Venema named new chairman of Cargo iQ
