The International Air Transport Association (IATA) has appointed Muhammad Albakri, IATA’s regional vice president for Africa and the Middle East, as senior vice president for customer, financial and digital services (CFDS) effective 1 March 2021, a press release confirmed. Stepping down to make way is Aleks Popovich, IATA’s first cargo head, who will retire after 16 years. Albakri, who will be based in Geneva, joined IATA in January 2017 after more than a decade with Saudi Arabian Airlines … [Read more...] about IATA appoints new SVP for financial and digital services
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Vietjet posts US$48 million loss in Q2 with revenue down 54 percent
Hanoi-based low-cost carrier Vietjet posted VND1,122 billion (around US$48 million) in operating losses for the second quarter, as air transport revenue slumped 54% YoY to VND1,970 billion (around US$84.5 million), a press release confirmed. Vietjet said it has resumed all domestic flights when Vietnam opened up with 300 daily flights in June. The airline also launched eight new routes to meet the demand, boosting its domestic flight network to 52 routes with a total of 14,000 flights … [Read more...] about Vietjet posts US$48 million loss in Q2 with revenue down 54 percent
AirBridgeCargo sends pharma stockpile from Amsterdam to China
AirBridgeCargo (ABC) Airlines, a unit of Volga-Dnepr Group, delivered a record high of 41 RKN containers from Amsterdam to Shanghai onboard the main and lower decks of its Boeing 747-8F for Danish logistics company DSV, a press release confirmed. The 41 RKN containers produced by CSafe carried more than 30 tonnes of temperature-sensitive medicines, the company said, noting that the massive shipment, to some extent, acts as a rehearsal to check their capabilities in preparation … [Read more...] about AirBridgeCargo sends pharma stockpile from Amsterdam to China
Boeing’s 747 to exit production as airlines adjust to new reality
Boeing announced production stoppage of the 747 jumbo jet following news that numerous airlines would be retiring their 747 fleets due to the effect of the COVID-19 pandemic, data and analytics firm GlobalData stated in a press release. British Airways, Qantas, KLM and Virgin Atlantic have either retired their fleets, or plan to do so ahead of pre-COVID-19 schedules. GlobalData said that shedding Boeing’s ‘increasingly redundant’ wide-body product and focusing on narrow-body aircraft such as … [Read more...] about Boeing’s 747 to exit production as airlines adjust to new reality
Local carriers cancel domestic flights as Manila braces for yet another lockdown
For the next 14 days domestic flights to and from Manila have been cancelled in line with the Philippine government's announcement of a modified enhanced community quarantine (MECQ) for the area as well as adjacent provinces, as Covid-19 cases breached the 100,000 mark. Philippine Airlines said domestic flights between Clark, Cebu, Davao and cities other than Manila (which are not classified as high-risk areas) are not affected and shall remain operational, whilst international flights shall … [Read more...] about Local carriers cancel domestic flights as Manila braces for yet another lockdown
Asia’s exports show mild recovery as Taiwan swings to expansionary mode
Export powerhouses from Asia are showing nascent signs of turning the corner after months of pandemic pummeling from lockdowns, border restrictions and supply-chain snarls, Bloomberg’s Brendan Murray wrote on Supply Lines.. A purchasing managers index (PMI) for Japan advanced last month alongside many others in the region. Amongst a flurry of IHS Markit figures released on 3 August was a survey that showed Taiwan posted its best reading since January, making it the rare economy in the region … [Read more...] about Asia’s exports show mild recovery as Taiwan swings to expansionary mode
