SIA Group is set to distribute dividends to stakeholders as the airline and aviation company posted its highest net profit in its 76-year history. Strong passenger demand from the start of April 2022 when Singapore fully opened its borders resulted in record revenue, operating profit and passenger load factor for the group in FY 2022/2023. The group posted a record net profit of S$2.157 billion for the year, versus the S$962 million net loss recorded in the previous year. SIA and Scoot … [Read more...] about Singapore Airlines returns to profit as cargo dips
air freight services
DSV to power Swedish operations with solar energy
DSV has unveiled a new initiative that will play a significant role in helping reduce the company’s carbon footprint and support its long-term sustainability targets. The company has laid out infrastructure plans as part of DSV Energy, which will specialise in energy production, consumption and trading. It said it wants to transition into becoming an "active energy producer." DSV is constructing two new warehouses totalling 175,000 square metres in Landskrona, Sweden, that will be powered … [Read more...] about DSV to power Swedish operations with solar energy
UPS Healthcare opens Singapore west facility
UPS Healthcare last week (18 May) announced the official opening of a new US$20m purpose-built facility, which will expand its footprint into the west of Singapore. Ianne Loh, Vice President for AMEA at UPS Healthcare, said the new location will strengthen the company’s ability to manage and combine both ocean and air shipments and support Singapore’s distribution hub ambitions in the pharmaceutical industry. According to UPS, Singapore is home to more than 60 multinational medtech … [Read more...] about UPS Healthcare opens Singapore west facility
Air Canada connects to SEA with interline deal
Shipments on Air Canada flights can now make their way to the shores of India and Southeast Asia with a new cargo interline agreement between the carrier and Emirates SkyCargo. The Canadian airline told customers last week that they can now easily find and book interline cargo shipments through Emirates SkyCargo flights, including for services between the Americas and Southeast Asia and India, via key European hubs. This latest development follows the memorandum of understanding (MoU) … [Read more...] about Air Canada connects to SEA with interline deal
Sichuan Airlines welcomes first A330P2F in China
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing , on 16 May announced the re-delivery of China’s first-ever converted A330 P2F aircraft on lease to its customer, Sichuan Airlines. The A330 was converted by Elbe Flugzeugwerke GmbH (EFW) with Shanghai Technologies Aerospace Company Limited (STARCO) at its facilities in Shanghai Pudong. This is the first conversion of its type for EFW to be completed in China. The freighter, equipped with Rolls-Royce … [Read more...] about Sichuan Airlines welcomes first A330P2F in China
Hellmann brings in airfreight director for perishables
Hellmann Worldwide Logistics has created a new position for global airfreight director - perishables and brought in Natasha Solano-Vesela, who will be responsible for the strategic development of the division. Natasha Solano-Vesela has been in the transport and logistics sector for about 25 years, with posts at international logistics players like Maersk and Kühne+Nagel. She also handled European sales at Hellmann Perishables Logistics (HPL) before that. Hellmann’s newfound interest in the … [Read more...] about Hellmann brings in airfreight director for perishables