Press release In continued support of the local community and aviation industry in Escambia County, Florida, ST Engineering today announced the expansion of the Pensacola Mayor’s Scholarship, from four to eight recipients each year starting 2022. Successful applicants of the scholarship will receive US$2,500 each, to be used in support of their education in an aviation-related post-secondary program. The scholarship will be awarded based on the applicant’s academic performance and financial … [Read more...] about ST Engineering hands out more scholarships in Florida
Air Freight Asia
Cash-stripped Garuda Indonesia needs US$1b to stay flying
PT Garuda Indonesia needs at least US$1 billion of additional funds to cut debt and stay afloat, as the government says it could give up its majority control of the troubled flag carrier, Bloomberg reports. Garuda is currently in talks with creditors to restructure US$6.3 billion worth of debt and expects to reach an agreement in the second quarter of 2022, according to Kartika Wirjoatmodjo, a Deputy Minister at Indonesia’s State-Owned Enterprises Ministry. The … [Read more...] about Cash-stripped Garuda Indonesia needs US$1b to stay flying
Cathay Pacific partners with BCG to tackle decarbonisation
Cathay Pacific together with Boston Consulting Group (BCG) and other airline leaders announced on 28 October the formation of the Aviation Climate Taskforce (ACT), a new nonprofit organisation founded to tackle the challenge of eliminating carbon emissions in aviation through innovation and collaboration. “Dramatically reducing emissions is a critically important but also highly challenging task facing the aviation sector," said Cathay's chief Augustus Tang. "We recognise the importance of … [Read more...] about Cathay Pacific partners with BCG to tackle decarbonisation
DHL Express opens newly expanded hub in Bangalore
DHL Express last week opened its expanded EUR22 million facility located within the Kempegowda International Airport in Bangalore, India. Spanning over 112,000 square feet, the new gateway is more than four times larger than the previous facility and the largest airside handling facility for DHL Express in India. At full capacity, this new and expanded facility can handle over 90,000 tonnes of shipment per year and will provide support to India’s robust trade driven by the … [Read more...] about DHL Express opens newly expanded hub in Bangalore
K+N unveils e-commerce fulfilment hub in Luxembourg
Kuehne+Nagel is expanding its contract logistics footprint with the opening of its latest fulfilment centre in Contern, Luxembourg, covering 34,000 square metres of warehousing space. The Swiss forwarder said the expansion reaffirms Luxembourg as a strategic location for the company in Europe. It will offer integrated value-added solutions, particularly in the area of e-commerce fulfilment, including inventory management, picking, packing and shipping orders, managing returns, … [Read more...] about K+N unveils e-commerce fulfilment hub in Luxembourg
Top European companies team up on carbon-free air freight
Last week German companies DB Schenker and Lufthansa Cargo announced that they will extend their weekly CO2-free freighter flights between Frankfurt and Shanghai throughout the entire winter flight schedule until March 2022. Coming on board is Finnish telecommunication network provider Nokia which has signed up to the initiative and pledged to reduce its emissions through the use of sustainable aviation fuel (SAF) in a bid to create a greener supply chain. The fuel requirement for … [Read more...] about Top European companies team up on carbon-free air freight
