Air China and Hong Kong's Cathay Pacific Airways will jointly set up China's biggest cargo joint venture in Shanghai in early 2010 as the two carriers aim to tap the surging cargo volumes out of Shanghai Pudong. Air China will hold 51 per cent and Cathay Pacific will hold the remainder in the joint venture which will see the two carries contributing 10 B747-400 freighters. … [Read more...] about New cargo JV for Air China/Cathay
air freighting
Aramex posts 23% rise in quarterly profit

Global logistics solutions provider, Aramex, announced its financial results for the three months ending 30 September with a net profit of AED 41.7 million for the period, an increase of 23 per cent compared to AED 33.9 million in the corresponding period of 2008. Revenues for the third quarter of this year stood at AED 487.6 million, a decline of 11 per cent compared to AED 545.7 million in the same period last year. … [Read more...] about Aramex posts 23% rise in quarterly profit

Korean Air launches Hanoi service
Korean Air Lines (KAL) Cargo has announced the launch of a scheduled B747-400 freighter service to the Vietnamese capital, Hanoi. The service will operate twice-weekly to Hanoi via Singapore from Seoul Incheon with the return routed direct from Hanoi to Incheon. The carrier pointed to the presence of MNCs like Canon, Nike and Toyota which it said were generating air cargo export traffic through Hanoi ranging from electronics to textiles. … [Read more...] about Korean Air launches Hanoi service
LAX cargo rebounds in Sept
Los Angeles International Airport has posted an increase in air cargo of 2.7 per cent in September, compared with the year-earlier period. This was one of the few increases in air cargo around the country's airports. In September, air cargo rose to 132 164.116 tonnes, up 2.7 per cent from the 129 478.849 tonnes, a year earlier. … [Read more...] about LAX cargo rebounds in Sept
Boeing announces second 787 assembly line
Boeing has announced that it has chosen its North Charleston, South Carolina facility as the location for a second final assembly site for the 787 Dreamliner program. Boeing said it evaluated criteria that were designed to find the final assembly location within the company that would best support the 787 business plan as the program increases production rates. In addition to serving as a location for final assembly of 787 Dreamliners, the facility also will have the capability to support the … [Read more...] about Boeing announces second 787 assembly line
Aramex’s Dubai Logistics City facility breaks ground
Aramex has broken ground on its Logistics Centre, located in Dubai Logistics City (DLC). The AED 120 million Aramex facility encompasses a built-up area of over 43,000 square metres, situated over a 140,000 square-metre area of land, and is due for completion in the first quarter of 2011. The logistics centre is strategically located next to the Jebel Ali Port and Free Zone, complementing Aramex' product offering of total logistics solutions. … [Read more...] about Aramex’s Dubai Logistics City facility breaks ground