China's exports declined 25.7 percent year-on-year in February, the fourth straight monthly decline, according to China's General Administration of Customs. Total foreign trade was US$124.95 billion in February, down 24.9 per cent year-on-year. Total Chinese exports in February amounted to US$64.9 billion, reflecting weak demand for Chinese goods in the US and Europe. The country's imports also slumped 24.1 per cent to $60.05 billion. China's trade surplus narrowed to US$4.84 billion, less than … [Read more...] about Chinese exports plunge 26% in February
air freight
N. Korea warns away carriers from its skies
The United Nations' International Civil Aviation Organisation has called on North Korea to retract its threat against South Korean passenger planes. Last week, the North said it could not guarantee the safety of South Korean passenger jets flying near its airspace if Seoul continues with its plans to conduct 12 days of joint military drills with the US. Korean Airlines and Asiana have said they will re-route flights away from North Korea as a precaution." A military threat to the normal … [Read more...] about N. Korea warns away carriers from its skies
BAA cargo dives 21 per cent in Feb
Britain's largest airports group suffered a saw cargo traffic plunge more than 20 per cent in February. BAA, which operates seven UK airports, including Heathrow, Gatwick, Stansted, Edinburgh and Glasgow, said that its total UK cargo volumes had fallen by 21.4 per cent during February compared with the same month a year ago to 119,984 tonnes. The decline varied according to airport, with Gatwick reporting a 57 per cent decline in cargo traffic to 6,000 tonnes, while Heathrow, the UK's biggest … [Read more...] about BAA cargo dives 21 per cent in Feb
Finnair suspends Mumbai route
Finnair announced that it will temporarily suspend its four-times weekly Helsinki-Mumbai service from May until mid-October. The carrier said the decision was based on the ongoing unfavourable economic conditions affecting both passenger and cargo sales in India and Europe and noted the current overcapacity situation on Mumbai-Europe routes. … [Read more...] about Finnair suspends Mumbai route
China Eastern group may get $292m aid
The parent of China Eastern Airlines may receive a further capital injection of US$292 million from the central government. The official Shanghai Securities News quoted China Eastern Air Holding deputy general manager Li Jun as saying that the injection, which would bring total government aid to $1.3 billion, still required approval from the authorities. It also quoted Luo Zhuping, the listed company's board secretary, as saying there was no timetable for receiving additional aid. But an … [Read more...] about China Eastern group may get $292m aid
SATS forms new low-cost handling unit
Singapore Airport Terminal Services Limited (SATS) has announced that it has formed a new subsidiary - Asia-Pacific Star Pte Ltd - to offer low-cost ground handling services for low-cost carriers (LCCs) at Singapore Changi Airport and further afield in the region. A wholly-owned subsidiary of SATS, Asia-Pacific Star will provide point-to-point ground handling services such as passenger, ramp and baggage handling, and aircraft interior cleaning with shorter turnaround time. It will begin … [Read more...] about SATS forms new low-cost handling unit
