State-owned postal service companyPT Pos Indonesia (Posindo) has signedan agreement with Gading Sari AviationService Malaysia Sdn. Bhd., through itsIndonesian subsidiary PT Gading SariIndonesia (GSI) for the redesigningand expansion of its logistics division. The CEO of PT. Pos Indonesia, HanaSuryana said the cooperation is part ofPosindo's plan for an initial public offeringwhich is scheduled for 2010. "As preparation for the IPO we needto co-operate with strategic partnerssuch as … [Read more...] about INDONESIA: Posindo, Gading Sari ink logistcs deal
air cargo
MALAYSIA: MAS eyes Scandinavian routes
Following Finnair's decision not tofly from Helsinki to Kuala LumpurInternational Airport, Malaysia Airlines(MAS) can play a major role of providingflight services to the Scandinavianregion. According to Transport MinisterDatuk Seri Chan Kong Choy, withFinnair cancelling its operations toBangkok and Singapore in May, MAS,which already operates to Stockholm,could play an important role of providingthe air link from Southeast Asia tothe Scandinavian countries. A report said that Finnair's … [Read more...] about MALAYSIA: MAS eyes Scandinavian routes
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
BANGLADESH: GMG airlines eyes Malaysia service
GMG Airlines sees Malaysia as agateway to expand into other internationalmarkets, according to commercialinternational operations directorVirendra Nautiyal. GMG Airlines currently has five aircraftand plans to add two more nextyear. It will use two MD 82s, each with35.5 cubic metres of cargo capacity forits international routes. "We are eyeing mid-haul routes.By linking with Kuala Lumpur InternationalAirport, GMG Airlines willhave a platform to extend its servicesto Singapore, the … [Read more...] about BANGLADESH: GMG airlines eyes Malaysia service
SINGAPORE: CAAS to invest, manage airports in China
Having been overtaken by ShanghaiPudong International Airport with its2.16 million tonnes of cargo handled in2006 - against Singapore's 1.91 million- Singapore is changing its tactics, TheStar reported. According to Yeo Kia Thye, cargochief at the Civil Aviation Authority ofSingapore (CAAS), the city state willimplement a two-fold strategy to meetits rivals. First, CAAS aims to invest in, or manage,airports on the Chinese mainlandto tap into new growth opportunitiesthere, as opposed to … [Read more...] about SINGAPORE: CAAS to invest, manage airports in China
KOREA: KAL Cargo starts service to Moscow
Korean Air Cargo has launcheda regular freighter service on theIncheon-Moscow route. The cargo airlinewill re-route its Incheon-Frankfurtflight on Saturday, and operate theIncheon-Moscow-Frankfurt-Incheonroute once a week. In the past, shipments bound forRussia have been forwarded via Scandinaviancountries, because importduties at Russian ports were very high.However, air cargo demand is expectedto increase rapidly, since the Russiangovernment recently decided to reduceits import … [Read more...] about KOREA: KAL Cargo starts service to Moscow
