The president & CEO of SwissportInternational, Joseph In Albion hasdecided to leave the company to takeon a new professional challenge.In Albion, who remains a memberof Swissport International's board ofdirectors, will be succeeded by SantiagoOlivares, who is currently director ofthe international division of Ferrovialand a member of the board of directors.Olivares will assume overall interimresponsibility for the Swissport Groupwith immediate effect. Swissport isowned by Ferrovial, a … [Read more...] about Swissport International
Air Freight Asia
Freight forwarders and logisticscompanies in the United Arab Emiratesare fretting over high costs of installingmandatory security equipment anddeclining profit margins due to escalatingexpenses. Governments across theworld are introducing new securityregulations to make movement of seaand air cargo safer. Airlines, shipping lines and logisticscompanies are being told to acquire advancedequipment like x-ray machinesand surveillance cameras to ensure thatterrorists do not use global … [Read more...] about Forwarders complain about security costs
ST Mobile Aerospace Engineering(MAE), the US subsidiary of Singapore-based ST Technologies Aerospace,has signed a massive Passenger-To-Freighter (PTF) conversion contractof 87 B757-200s with FedEx Express.Commencing in 2007, the contract isfor 87 aircraft. The contract follows last year's decisionby FedEx to acquire around 90of this type to replace its ageing Boeing727-200 fleet. ST Aero presidentTay Kok Khiang put the value of thecontract at $450-$470 million over theseven-year life of the … [Read more...] about MAE to convert 87 757’s for FedEx.
Peter Bakker, the chiefexecutive of Dutch mail companyTNT, said the companyhad not been approached byany potential buyers. However,he does not rule out afuture bid, the BirminghamPost reported. Speaking during a recentvisit to the US, Bakker saidprivate equity companiescould consider a bid, butsaid he had received noapproaches yet. "If it is sopressing that TNT is takenover, then they would havegot a better deal 14 monthsago," Bakker said, but addedhe thought the company wasstill … [Read more...] about TNT chief denies take-over bids
Following the US Department ofTransportation to award United Airlines the right to operate a new daily747-400 service between Washington,DC and Beijing beginning March 25,Delta Airlines said it wants to operate adaily Atlanta-Shanghai service in 2008using 777 aircraft. … [Read more...] about United Airlines
Dubai Industrial City said it establisheda partnership with Deutsche Post World Net (DPWN) the parentcompany of DHL, Danzas and Exel,to support its 20 million square feetlogistics facility - transPARK. Dubai Industrial City's proximity toJebel Ali Port - the world's third largestre-export hub - and Dubai Central- the largest airport in the world - willallow transPARK to deliver a flexiblerange of multi-model supply chainservices from DHL, Danzas and Exel,officials said. That will include … [Read more...] about MIDDLE EAST: Deutsche Post signs logistics pact