Japan and India will seek to bolster lagging business ties between Asia’s largest and third-largest economies. Japan is India’s biggest donor of economic aid, but trade and investment between the two have been unspectacular as Japanese companies have focused on China and Southeast Asian nations, such as Thailand and Vietnam. The two countries have already agreed to forge an economic partnership agreement within two years, and they also have an ambitious plan to build, with Japanese … [Read more...] about INDIA: India, Japan seek to boost economic ties

Indian logistics fi rm Gati said it was looking to double its turnover from India to Rs1,000 crore by 2009, on the back of expanding courier business and services like fax, printing and internet browsing offered through retail outlets, the Economic Times reported. The company launched ‘Cafe d’eliver’, its third retail outlet in the country, through which it plans to generate a revenue of Rs250 crore in the next two years. The outlet, in addition to offering courier … [Read more...] about INDIA: Gati eyes double turnover

Air New Zealand’s annual results are expected to reveal whether provision has been made for possible fi nes related to air-freight price fi xing. Qantas has set aside US$40 million, following investigations by authorities in the US into collusion on cargo prices by airlines, including Qantas and Air New Zealand. Qantas says it’s possible US competition laws were breached. The Importers Institute says Air New Zealand should also make provision for any fines. … [Read more...] about NEW ZEALAND: ANZ may face price fixing fine

DSV Air & Sea Ltd has concluded an agreement to acquire the activities of its former partner in New Zealand, Leader Container Line International Ltd, also known as JHB International Logistics. The parties have agreed not to publish the acquisition price. The establishment of DSV Air & Sea in New Zealand expands DSV’s coverage in Oceania and complements the DSV group’s global network. … [Read more...] about NEW ZEALAND: DSV Air & Sea buys NZ partner

Air New Zealand is strengthening its international competitiveness with the addition of four B777-330ERs worth US$970 million at list prices, the Australian reported. The aircraft, due for delivery in 2010 and 2011, are part of a NZ$2.6 billion plan to convert the Kiwi carrier to an all twin-engine, long-haul fl eet by 2012. The new planes will complement the Boeing 787-9 Dreamliners, due to start arriving in 2010, to give the airline signifi cant fuel savings on its current aircraft. … [Read more...] about NEW ZEALAND: Air New Zealand to boost fleet

Toll Priority Express has placed the fi rst ATR42-300F into service in Australia. The fi rst of at least two aircraft, will be operated by Jetcraft Aviation and will be used to carry express cargo on behalf of Toll. “We have decided to operate ATRs because they respond optimally to our needs. The ATRs offer the lowest operating and maintenance costs. This will allow us to optimise the frequencies of our freight operations,” said Tom Dalton, Jetcraft’s chief operating offi cer. … [Read more...] about AUSTRALIA: ATR42 freighter makes debut