China Southern Airlines has approved Xiamen Airlines' acquisition of a 95.4 per cent equity interest in Hebei Airlines for CNY680million (US$106.3 million). China Southern said its subsidiary had also been given the greenlight to acquire Sichuan Airlines' 3.83 per cent stake in Hebei for CNY69 million giving it control of 99.23 per cent of Hebei's total stock. Xiamen Air will inject US$130.3 million into Hebei over the next three years and will also offer it a short-term loan valued up to … [Read more...] about Xiamen Airlines to acquire Hebei Airlines
air cargo
IndiGo signs MoU for 250 A320neo aircraft
IndiGo and its co-founders, Rakesh Gangwal and Rahul Bhatia, group managing director of InterGlobe, have signed an MoU for 250 A320neo Family aircraft. The agreement will become Airbus’ single largest order by number of aircraft. Aditya Ghosh, president of IndiGo said, “This new order reaffirms IndiGo’s commitment to the long-term development of affordable air transportation in India and overseas. The IndiGo team is energised and excited to herald this new phase of our … [Read more...] about IndiGo signs MoU for 250 A320neo aircraft
IAG boosts capacity on Madrid-Santiago route
IAG Cargo has increased the frequency of its cargo services between its Madrid hub and Santiago in Chile, facilitated by an increase in Iberia passenger flights on this route from one flight daily to ten weekly. Operating until March, the additional flights are serviced by A340s. Businesses using this route will benefit from a boost in freight capacity of up to 111.6 tonnes each week. The additional flights will operate during a season of peak supply and demand: the Chilean summer, when … [Read more...] about IAG boosts capacity on Madrid-Santiago route
Yusen opens new Guangzhou warehouse
Yusen Logistics China has opened a new warehouse in Guangzhou City. The 16,021.5-square-metre warehouse will provide logistics services for the consumer goods industry. The company currently has a number of automotive-related customers in the area, but is anticipating significant growth in demand from the consumer goods market for warehouse services in China. Guangzhou has experienced economic development by taking advantage of its prime location as a hub for regional logistics. Yusen … [Read more...] about Yusen opens new Guangzhou warehouse
FedEx begins construction of Copenhagen facility
FedEx Express officially 'broke ground' at the site of its new gateway facility at Copenhagen Airport – signalling the official start of construction. The new facility will serve as a gateway for inbound and outbound shipments for Denmark, Finland, Norway, and Sweden. In addition, ramp, freight and sort facilities will be combined in a single location, allowing the efficient and smooth processing of shipments, supported by a modern automated sort system. "We are investing in this … [Read more...] about FedEx begins construction of Copenhagen facility
Garuda joins Skyteam Cargo Alliance
Garuda Indonesia Cargo will join the Skyteam Cargo Alliance by the end of June 2015. The announcement, made during the TIACA Air Cargo Forum in Seoul, was accompanied by the signing of an MoU by Rajendra Kartawiria, VP of Garuda Indonesia Cargo, and Chong Choy, chairman of SkyTeam Cargo. Garuda Indonesia Cargo now begins the process to join SkyTeam Cargo by completing the necessary membership requirements. These include amongst others: IT system integration; product alignment and … [Read more...] about Garuda joins Skyteam Cargo Alliance
