With just fi ve months to go before the 13th edition of Air Freight Asia (AFA) opens its doors at the AsiaWorld-Expo facilities in Hong Kong as part of the much larger Asian Aerospace 2007 Expo & Congress, space bookings for the Exhibition have already exceeded those of last year’s event in Shanghai. Meanwhile, interest in the Conference is encouraging as several senior executives from the air cargo industry have confi rmed their attendance as speakers. AFA2007 is set to confi rm … [Read more...] about Interest in AFA2007 shows industry is heading North
Air Forwarding
Express business in the Philippines eyes 7-8-9 growth
The air express and logistics business has never been more robust and DHL Express in the Philippines is seeing more new clients and a wider variety of industries that are interested to avail of its express and logistics services, says Larry Llamzon, country manager of DHL Express Philippines. He says the industry is growing much faster than the Philippine’s gross domestic product (GDP). The actual growth of the industry over the last three years was approximately double that of … [Read more...] about Express business in the Philippines eyes 7-8-9 growth
Revised Qantas bid sets new standards
Changes to the A$11.1 billion private equity bid for Qantas set new international fi nancing benchmarks for all private equity transactions, accordingto market observers. To overcome resistance from key fund managers, the international Airline Partners Australia consortium bidding for Qantas has cut shareholder acceptance conditions from 90 to 70 percent and extended the acceptance deadline until May 4. Qantas shares rose 8c to $5.39 as confi dence grew that the stalled $5.45-a-share bid … [Read more...] about Revised Qantas bid sets new standards
Survey predicts China will surpass US
A key segment of Asia’s business leaders believes their region’s economy will continue to enjoy strong growth in 2007, but many are more excited about the growth of India than they are China, a new survey shows. The survey of 1,200 leaders of small- and mid-sized business enterprises (SME) in Asia, which was commissioned by UPS, also found wide agreement that China will surpass the US as the world’s largest consumer economy in 10 years or less. Only fi ve percent of those … [Read more...] about Survey predicts China will surpass US
FedEx objects to FAA changes
Recent changes in landing procedures at Memphis International Airport have reduced airfi eld capacity, upsetting FedEx Corp. and others that need multiple runaways to maximise efficiency. In a letter to the FAA, FedEx expressed concern that the change will reduce its effi ciency, and asked the FAA to amend the decision. Both FedEx and the FAA refused to release copies of the letter. The FAA said it was not its policy to release letters before it had responded to the sender. … [Read more...] about FedEx objects to FAA changes
DHL claims top spot
The global freight forwarding market saw another year of stellar growth in 2006, according to the latest report published by leading logistics research organisation, Transport Intelligence. The research, contained in Global Freight Forwarding 2007, indicates that although the rate of growth was not quite as fast as the year before, it confounded many experts’ expectations of slowingtrade volumes. Steady economic growth in Europe supported Asia Pacifi c trades, whilst the US economy did … [Read more...] about DHL claims top spot