Etihad Airways' total cargo tonnage rose 9 per cent, year-over-year, in the third quarter of this year, which helped boost overall revenues at the UAE flag-carrier by 29 per cent. The carrier’s Etihad Cargo subsidiary shipped a total of 144,498 tonnes in Q3, bringing in revenue of $US$284 million, a 16 per cent increase, year-over-year, with just 1 per cent capacity growth. The third quarter at Etihad Cargo also saw the launch of freighter services to Moscow and Hanoi, increased … [Read more...] about Etihad sees surge in cargo in Q3
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Asiana to pay $55M in freight case
South Korean Asiana Airlines will pay US$55 million to purchasers of freight shipping services to resolve claims of price-fixing. The airline is one of more than two dozen worldwide that faced allegations of conspiring to inflate shipping prices in the case in federal court in Brooklyn, New York. Settlements have been reached with 22 airlines so far totalling US$903 million, lawyers for the plaintiffs said. … [Read more...] about Asiana to pay $55M in freight case
Xiamen Airlines to acquire Hebei Airlines
China Southern Airlines has approved Xiamen Airlines' acquisition of a 95.4 per cent equity interest in Hebei Airlines for CNY680million (US$106.3 million). China Southern said its subsidiary had also been given the greenlight to acquire Sichuan Airlines' 3.83 per cent stake in Hebei for CNY69 million giving it control of 99.23 per cent of Hebei's total stock. Xiamen Air will inject US$130.3 million into Hebei over the next three years and will also offer it a short-term loan valued up to … [Read more...] about Xiamen Airlines to acquire Hebei Airlines
IndiGo signs MoU for 250 A320neo aircraft
IndiGo and its co-founders, Rakesh Gangwal and Rahul Bhatia, group managing director of InterGlobe, have signed an MoU for 250 A320neo Family aircraft. The agreement will become Airbus’ single largest order by number of aircraft. Aditya Ghosh, president of IndiGo said, “This new order reaffirms IndiGo’s commitment to the long-term development of affordable air transportation in India and overseas. The IndiGo team is energised and excited to herald this new phase of our … [Read more...] about IndiGo signs MoU for 250 A320neo aircraft
IAG boosts capacity on Madrid-Santiago route
IAG Cargo has increased the frequency of its cargo services between its Madrid hub and Santiago in Chile, facilitated by an increase in Iberia passenger flights on this route from one flight daily to ten weekly. Operating until March, the additional flights are serviced by A340s. Businesses using this route will benefit from a boost in freight capacity of up to 111.6 tonnes each week. The additional flights will operate during a season of peak supply and demand: the Chilean summer, when … [Read more...] about IAG boosts capacity on Madrid-Santiago route
Yusen opens new Guangzhou warehouse
Yusen Logistics China has opened a new warehouse in Guangzhou City. The 16,021.5-square-metre warehouse will provide logistics services for the consumer goods industry. The company currently has a number of automotive-related customers in the area, but is anticipating significant growth in demand from the consumer goods market for warehouse services in China. Guangzhou has experienced economic development by taking advantage of its prime location as a hub for regional logistics. Yusen … [Read more...] about Yusen opens new Guangzhou warehouse
