Korean Air Cargo and Uzbekistan Airways have reached an agreement on moving cargo from Korean's network to Tehran via Uzbekistan Air’s Navoi hub by tapping the Tashkent-based airline’s twice weekly 767-300F service to the Iranian capital. The deal extends a partnership already in place between the two carriers to feed cargo into Frankfurt from the Navoi hub. The move comes after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a deal on 14 July 2015, … [Read more...] about Korean Air Cargo heads to Tehran with Uzbekistan Air
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Atlas Air Worldwide completes Southern Air acquisition
Atlas Air Worldwide Holdings, Inc. said it has completed its acquisition of privately held Southern Air Holdings, Inc., a premier provider of intercontinental and domestic CMI (crew, maintenance and insurance) services, for cash consideration of approximately US$110 million. "The strategically compelling, highly complementary combination," provides Atlas Air Worldwide immediate entry into B777 and B737 aircraft operating platforms with opportunities for additional growth and enhancing Atlas … [Read more...] about Atlas Air Worldwide completes Southern Air acquisition
JD.com, Yamato Holdings in Chinese e-commerce partnership
China’s second largest online retailer JD.com is partnering with Japanese logistics company, Yamato Holdings for quicker, cheaper delivery of products from Japan to China as early as May, according to a report in the Nikkei Asian Review. The companies are aiming to expand the already rapidly growing demand for Japanese products among Chinese consumers and the new partnership will cut the time for Chinese consumers to receive Japanese products from eight to four days. The tie-up, the first … [Read more...] about JD.com, Yamato Holdings in Chinese e-commerce partnership
TAPA makes good progress on certification campaign
With cargo crime at an all time high according to the Transported Asset Protection Association's (TAPA) Incident Information Service, TAPA has reported a 14 per cent increase in the number of logistics facilities and trucking operations achieving certification to its security standards in the Europe, Middle East & Africa (EMEA) region. This figure has been achieved only six months into a three-year campaign to help manufacturers and logistics service providers reduce the risk of cargo crime. … [Read more...] about TAPA makes good progress on certification campaign
Malaysia Airlines turns first profit in years, on track to be in black by 2018
In an interview with The Associated Press on Wednesday, chief executive Christoph Mueller described Malaysia Airlines as a "ship that has many leaks”, but added that the monthly profit was a sign that things are on the right track saying revenue has improved and costs are down, underpinned by low jet fuel prices. Twin disasters in 2014 - including the vanishing of MH370 in March 2014 with 239 people on board and a second B777 carrying 298 people which was shot down over Ukraine a few months … [Read more...] about Malaysia Airlines turns first profit in years, on track to be in black by 2018
Global FTKs grew by 2.7% in January, but momentum flat: ICAO
According to the latest update from the International Civil Aviation Organisation (ICAO) freight traffic - expressed in freight-tonne-kilometres (FTKs) - grew by +2.7 per cent year-on-year (YoY) in January 2016, +1.9 percentage points higher than the growth in December 2015. This is the highest growth observed since May 2015. Major freight markets continued to grow modestly, with Asia/Pacific growing by +1.3 per cent. Africa and Latin America/Caribbean contracted by - 1.4 per cent and - 3.6 … [Read more...] about Global FTKs grew by 2.7% in January, but momentum flat: ICAO
