Mr. Brian Wu, Chairman of the Hongkong Association of Freight Forwarding and Logistics (HAFFA), was the guest of honour during the last instalment of the Payload Asia Awards. He is the Director of BEL International Logistics Limited (formerly known as Broadair Express), a leading Hongkong-based company established in 1978. He has been in the cargo industry since 2003, working with freight forwarders in operations, customer services, sales and management. Also read: John … [Read more...] about HAFFA Chairman takes shot at judging for the 7th Payload Asia Awards
air freighter
Cathay Pacific on major restructuring: cash burn ‘unsustainable’
Following earlier news about massive layoffs and cessation of its wholly owned subsidiary, Cathay Pacific confirmed a major restructuring as the pandemic-induced crisis continues to pummel the aviation industry. As part of the overhaul, Cathay Dragon will cease to operate with immediate effect, the airline said. Cathay Pacific and budget carrier HK Express will swoop up the routes left behind by the regional carrier, subject to regulatory approval. The company will axe 8,500 positions or … [Read more...] about Cathay Pacific on major restructuring: cash burn ‘unsustainable’
HKIA’s cargo volume dips 4.4 percent in September
Hong Kong International Airport (HKIA) reported a slide in cargo volume for September despite uptick in imports and exports as capacity remains constrained. The world’s busiest air cargo hub saw freighter movements improve from last month’s 21.5 percent, up 25 percent compared to the same month last year. However, this was not enough to hoist the volume as it dipped 4.4 percent from September 2019. Cargo volume in August was down 3.5 percent year on year. Also read: HKIA: Cargo steady in … [Read more...] about HKIA’s cargo volume dips 4.4 percent in September
SIA’s nonstop flights to New York shift to JFK with belly cargo in mind
Singapore Airlines (SIA) is set to return to New York on 9 November, when it launches nonstop flights between Singapore and JFK International Airport, as the carrier sees "some early signs of optimism about a recovery in air travel." This will be the first time SIA will operate nonstop flights to JFK. Before the pandemic, the airline flew to JFK via Frankfurt, whilst nonstop flights from Singapore landed at Newark Liberty International Airport (EWR). Also read: SIA, trade associations … [Read more...] about SIA’s nonstop flights to New York shift to JFK with belly cargo in mind
dnata teams up with local ground handler to amp up Indonesian airport
Air services provider dnata has inked a deal with Jakarta-based PT UNEX Rajawali Indonesia or UNEX, a local ground handling and cargo warehouse company, to enhance ground handling capacity in Indonesian airports. The tie-up will see dnata and UNEX make joint investments in facilities, equipment and training, with dnata designating senior operational and management staff to support the partnership. Also read: dnata deploys Hermes 5 software at six Australian airports First on … [Read more...] about dnata teams up with local ground handler to amp up Indonesian airport
PIMCO and GECAS to set up US$3 billion aircraft leasing fund
With carriers scrambling to find some relief support amidst a downturn, a new investment platform could provide much-needed financing for airlines that are looking to upgrade their fleets with new aircraft. Fixed-income investment manager PIMCO and leading aircraft lessor GE Capital Aviation Services (GECAS) have reached a preliminary agreement to develop an aviation leasing platform to support up to US$3 billion in aircraft asset financing. The transaction will be subject to “customary … [Read more...] about PIMCO and GECAS to set up US$3 billion aircraft leasing fund
