Airport Authority Hong Kong (AA) today announced its dual-tranche debt securities offering of US$1.5 billion, split between US$750 million non-call 5.5-year and US$750 million non-call 7.5-year perpetual capital securities. The transaction marks the Airport Authority's first foray into the perpetual bond market, which is also the first US dollar senior perpetual offering in the public bond market from an airport globally. The proceeds from the securities will be used to fund AA’s capital … [Read more...] about HK Airport Authority prices maiden US$1.5 billion perpetual bonds
Air Freight Logistics
IBS Software, CargoAi tie-up to spur cargo revenue for airlines
IBS Software partnered with CargoAi in a move that will allow iCargo partner airlines to increase their market reach and scale up cargo revenue, a press release stated. The two companies have been working together since July 2020 to integrate iCargo and CargoAI using a scalable application programming interface (API) architecture. With this integration between platforms, iCargo partner airlines can simply turn on the switch for e-bookings from all over the world to reach their … [Read more...] about IBS Software, CargoAi tie-up to spur cargo revenue for airlines
AirBridgeCargo Airlines ships vaccine candidate for clinical trials
AirBridgeCargo Airlines successfully delivered CanSinoBIO's Covid-19 vaccine candidate in partnership with UPS/Marken. This marked its first completed vaccine transportation from Beijing (China) to an unmentioned destination as part of clinical trials in various countries across the globe. Also read: Volga-Dnepr Group introduces healthcare team to lead vaccine distribution The carrier’s Boeing 747 freighter carried a total of 6,000 doses of the Ad5-nCoV vaccine, weighing almost 400 … [Read more...] about AirBridgeCargo Airlines ships vaccine candidate for clinical trials
DHL injects US$95 million into Osaka distribution hub
DHL Express revealed on 25 November the opening of its newest and largest distribution facility in Japan, the Osaka Distribution Center (ODC) at Sakai city, Osaka-fu. At an investment of JPY 9.9 billion (US$95 million), this will be the largest facility investment that the company has made in the land of the rising sun. Also read: DHL Express outlines €750 million investment in Asia Pacific Offering 21,000 square meters of floor space and equipped with its own auto-sorting system, the … [Read more...] about DHL injects US$95 million into Osaka distribution hub
Kuehne+Nagel rolls out Chinese digital portal for air freight booking
As a step forward in the company’s digital transformation, logistics giant Kuehne+Nagel has launched ePortalChina, the latest air freight digital offering for a seamless invoicing and payment experience. The portal allows both individual and company account registrations, enabling Chinese customers to collaborate among co-workers and suppliers whilst managing their air freight shipments without the tedious paperwork and e-mails. Developed specifically for the Chinese market, ePortalChina … [Read more...] about Kuehne+Nagel rolls out Chinese digital portal for air freight booking
GEODIS names new APAC managing director for contract logistics
GEODIS has announced Eric Herman as new managing director for contract logistics in APAC, leveraging his 25-year experience in supply chain strategy, operations and capacity assessments, as well as network and facility design, to support the supply chain operator’s focus on contract logistics in APAC. “Eric has an in-depth Asia-Pacific market knowledge of e-commerce trends, last-mile networks and next-generation warehouse designs. He will lead an accelerated growth strategy, by guiding our … [Read more...] about GEODIS names new APAC managing director for contract logistics
