Singapore's Changi Airport plans to invest up to US$700 million in 15 small regional airports, mainly in Asia, in the next three to five years. It has also indicated that it will dispose of stakes inseveral Latin American operations. Chow Kok Fong, the chief executive of Changi Airports International (CAI) said the airport is looking at regional airports that have international traffic and hub potential. He said a substantial part of the acquisitions would be in China because CAI already has … [Read more...] about SINGAPORE: Singapore’s Changi to invest in Asian airports
Air Freight Asia
PHILIPPINES: PAL to continue US flights despite downgrade
Philippine Airlines said it will continue to operate flights to the US despite a downgrading of the country to a Category 2 safety rating by the US Federal Aviation Administration (FAA). PAL said it will be restricted by FAA to the 33 weekly flights it currently operates to the US and will not be able to change aircraft types used on the routes, meaning that six 777-300ERs scheduled to begin delivering next year will not be able to be deployed as planned unless FAA upgrades the country's … [Read more...] about PHILIPPINES: PAL to continue US flights despite downgrade
AUSTRALIA: Qantas Freight steps out on its own
Qantas Freight has become a standalone entity after parent, Qantas established a holding company for the freight carrier. Qantas has transferred 50 per cent of its stake in the freight division to the new company Qantas FreightEnterprises. The move was widely expected following Qantas' takeover of Singapore- based express operator DPEX Worldwide last August. At the time Qantas chief executive Geoff Dixon commented that the freight unit could be successful as a stand-alone entity. Recent … [Read more...] about AUSTRALIA: Qantas Freight steps out on its own
JAPAN: ANA looks to Shanghai to boost sales
All Nippon Airways (ANA) is aiming to boost cargo sales by as much as seven-fold by 2015 to US$6.4 billion byjoining with Shanghai Airlines. Establishing Shanghai as its eastern cargo hub on the mainland, ANA is eyeing other destinations in the mainland's southwest and northeast to drive growth in cargo. Mainland cargo sales comprise 20 per cent of ANA's air freight sales, compared with less than 10 per cent for Hong Kong and 50 per cent for Japan. ANA is in talks with Shanghai … [Read more...] about JAPAN: ANA looks to Shanghai to boost sales
JAPAN: ANA details more of its Asian express JV
All Nippon Airways Co. (ANA), Japan's second-largest carrier, will set up an international cargo venture specialising in delivery to Asian countries, with two Japanese forwarders to takeadvantage of rising trade. The new, as yet un-named company to be established in April, will provide small-lot, express-delivery services, the three companies said in a joint statement. ANA will take a 34 per cent stake in the venture, while Nippon Express Co. and Kintetsu World Express Inc. will each own … [Read more...] about JAPAN: ANA details more of its Asian express JV
MALAYSIA: MASkargo targeting the Middle East market
Malaysia Airlines Cargo Sdn Bhd(MASkargo) aims to attract the lucrative Middle Eastern air cargo business,the group said during a Malaysian tradeexhibition in Sharjah recently. MASkargo managing director, Shahari Sulaiman, said that the United Arab Emirates (UAE) remains a key market in the Middle East for the cargo carrier, due to its growing position as the region's fastest developing economy. "We are looking towards positioning our charter business as well as offering other key … [Read more...] about MALAYSIA: MASkargo targeting the Middle East market
