Air India is likely to re-launchfreighter service around June thisyear with two converted A310s. Theairline plans to tap Paris-Frankfurtand Shanghai-Bangkok via Mumbaiand Bangalore respectively. The airlinehalted its loss-making freighter servicein the mid-90s. With the resumption of a dedicatedfreighter service, (with a 38.5-tonnepayload) the airline now wants to be aserious player in the segment, aimingat trebling its 10 percent market sharein the coming years, according to itschairman and … [Read more...] about INDIA: Air India may resume freighter service
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INDONESIA: IPO of Garuda awaits strategic partner
Flag carrier Garuda Indonesia mayhave to extend the waiting period foran initial public offering. The Departmentof State Owned Enterprises(SOE) has scheduled the carrier and itssubsidiary companies for initial publicoffering/IPO this year 2007. However, the company is still uncertainas it is waiting for strategicinvestors to join. It is planned thatthe government, as the carrier's soleshareholder, will release 49 percent ofshares to strategic partners. The government has agreed torelease … [Read more...] about INDONESIA: IPO of Garuda awaits strategic partner
INDONESIA: Posindo, Gading Sari ink logistcs deal
State-owned postal service companyPT Pos Indonesia (Posindo) has signedan agreement with Gading Sari AviationService Malaysia Sdn. Bhd., through itsIndonesian subsidiary PT Gading SariIndonesia (GSI) for the redesigningand expansion of its logistics division. The CEO of PT. Pos Indonesia, HanaSuryana said the cooperation is part ofPosindo's plan for an initial public offeringwhich is scheduled for 2010. "As preparation for the IPO we needto co-operate with strategic partnerssuch as … [Read more...] about INDONESIA: Posindo, Gading Sari ink logistcs deal
MALAYSIA: MAS eyes Scandinavian routes
Following Finnair's decision not tofly from Helsinki to Kuala LumpurInternational Airport, Malaysia Airlines(MAS) can play a major role of providingflight services to the Scandinavianregion. According to Transport MinisterDatuk Seri Chan Kong Choy, withFinnair cancelling its operations toBangkok and Singapore in May, MAS,which already operates to Stockholm,could play an important role of providingthe air link from Southeast Asia tothe Scandinavian countries. A report said that Finnair's … [Read more...] about MALAYSIA: MAS eyes Scandinavian routes
MALAYSIA: GD Express expects profit to double
Malaysian courier firm GD ExpressCarrier Bhd (GDEX) expects its netprofit to double in the fiscal year endingJune 30, 2007, with an expandedand fully automated facility to handlehigher business volume. The company posted a net profitof M$1.2 million (US$341,440) on arevenue of $45.9 million for the yearended June 30, 2006. "We expect net profit to grow by70-100 percent this (fiscal) year, withrevenue growing in the range of 20-30percent. The better results are mainly due to additional … [Read more...] about MALAYSIA: GD Express expects profit to double
BANGLADESH: GMG airlines eyes Malaysia service
GMG Airlines sees Malaysia as agateway to expand into other internationalmarkets, according to commercialinternational operations directorVirendra Nautiyal. GMG Airlines currently has five aircraftand plans to add two more nextyear. It will use two MD 82s, each with35.5 cubic metres of cargo capacity forits international routes. "We are eyeing mid-haul routes.By linking with Kuala Lumpur InternationalAirport, GMG Airlines willhave a platform to extend its servicesto Singapore, the … [Read more...] about BANGLADESH: GMG airlines eyes Malaysia service
