After three years of proceedings, an arbitration tribunal has ruled that Malaysian Airline System Bhd (MAS) breached its obligation under a cargo ground handling agreement with Hahn, Germany-based ground handling company, ACL Advanced CargoLogistic GmbH. The tribunal proceedings against MAS at the ICC International Court of Arbitration in Paris, France, were initiated by ACL managing director, Uwe Beck in September 2004, claiming more than 60 million euros (RM240 million) for reneging on the … [Read more...] about MALAYSIA: Tribunal rules against MAS in ACL case
air freighting
GATEWAYS
The fi nal assembly of the fi rst Boeing 787 has been completed and the fi rst “Dreamliner” left the assembly line late last month. The Boeing 787 Dreamliner is a mid-sized, wide body, twin-engined aircraft, which is scheduled to enter service in May 2008. Boeing has stated that it will be morefuel-effi cient than comparable earlier Boeing aircraft. It is also the fi rst major airliner to use composite material for most of its construction. … [Read more...] about GATEWAYS
Cargo joint venture faces dramatic oversupply, disastrous yields
The announcement by China Southern Airlines and Air France KLM that the airlines have entered into exclusive talks to launch a joint venture cargo carrier in China, merits some close analysis, because it comes at a time when main-deck and belly-hold capacity have fl ooded the market and as a result rates and yieldsare under extreme pressure. In this month’s Supplement - pages 46 -54 - most of the leading players in the Chinese market acknowledge that capacity has outgrown demand and … [Read more...] about Cargo joint venture faces dramatic oversupply, disastrous yields
Macau is betting on a vision
Macau’s airport was born during a wave of building new or replacement airports in southern China’s Pearl River Delta region largely caused by China’s then paramount leader Deng Xiaoping touring southern China in 1992 andencouraging economic development. Just about every wealthy city drew up plans for an airport. Of the major fi ve within about 40 miles or less of each other, a heady mixture of politics and economics surrounded theircreation: Shenzhen, immediately north … [Read more...] about Macau is betting on a vision
ASIAN AIR CARGO SUPPLEMENT – HNA Group to create China's fourth-biggest carrier
CAAC granted a public air transport enterprise operating license to HNA Group for its Grand China Air entity, bringing the Hainan Airlines parent one step closer to launching its new carrier, Air Transport World (ATWOnLine) reported. It added that the new airline will combine Hainan along with Xinhua Airlines, Changan Airlines and Shanxi Airlines, which will create the country'sfourth-largest commercial carrier. HNA Group president Chen Feng called the license "an important milestone." It … [Read more...] about ASIAN AIR CARGO SUPPLEMENT – HNA Group to create China's fourth-biggest carrier
ASIAN AIR CARGO SUPPLEMENT – China's civil aviation industry to face 'small' recession in 2009
CCID Consulting, a leading research, consulting and IT outsourcing service provider in China, said in a report that revenues from the main operations of China's entire civil aviation industry surpassed 200 billion Yuan in 2006 and total profi ts reached nearly 10 billionyuan. CCID Consulting analyst Liu Xu said that the civil aviation industry will maintain an overall relatively high-speed growth from 2006 through 2009. During this time the Beijing 2008 Olympic Games and other factors will … [Read more...] about ASIAN AIR CARGO SUPPLEMENT – China's civil aviation industry to face 'small' recession in 2009
