While Asian carriers may have excess capacity in the short term, Steve Mason, vice president of aircraft analysis at CIT Aerospace, notes that since traffic is projected to grow by 6 per cent annually, the region will need approximately 13,000 new aircraft over the next 20 years. These views and others are presented in “Clear Skies or Turbulence Ahead for the Asian Aircraft Order Book?”, the latest piece of market intelligence to be featured in the CIT Executive Insights series. … [Read more...] about The future of Asian airline aircraft demand
air freighting
BIAL becomes India’s first e-freight compliant airport
Bangalore International Airport Limited (BIAL) announced that the Kempegowda International Airport, Bengaluru has been rated as an e-freight compliant airport by IATA for its cargo operations. This project reiterates the airport’s efforts in sustaining the long-term well-being of the environment. The e-freight concept was launched by IATA in 2006 as part of the StB (simplifying the business) programme and became an industry-wide initiative. "IATA would like to congratulate … [Read more...] about BIAL becomes India’s first e-freight compliant airport
UPS CEO calls for closer cooperation at APEC
UPS CEO David Abney called for closer cooperation between business and governments to work together to maximise the benefits of international trade during the APEC CEO Summit panel, Economic Reforms for Sustaining Competitiveness. In a signal to export manufacturers, Abney cited a recently launched study where key business differentiators 'quality', 'reliability', and a 'flexible supply chain' emerge as priorities for companies seeking to gain competitive advantage in a changing economic … [Read more...] about UPS CEO calls for closer cooperation at APEC
BIAL becomes India’s first e-freight compliant airport
Bangalore International Airport Limited (BIAL) announced that the Kempegowda International Airport, Bengaluru has been rated as an e-freight compliant airport by IATA for its cargo operations. This project reiterates the airport’s efforts in sustaining the long-term well-being of the environment. The e-freight concept was launched by IATA in 2006 as part of the StB (simplifying the business) programme and became an industry-wide initiative. "IATA would like to congratulate … [Read more...] about BIAL becomes India’s first e-freight compliant airport
Cathay Pacific pilots vote to strike
Some 93 per cent of Hong Kong Aircrew Officers Association members have voted to push ahead with their work-to-rule protest over the Christmas period after rejecting a proposed pay increase. If a resolution is not reached, pilots will refuse to work outside of their contractual commitments. This could result in flight delays and cancellations during the year's peak travel season. … [Read more...] about Cathay Pacific pilots vote to strike
MAHB rights issue to fund airport purchase
Malaysia Airports Holdings Bhd (MAHB) said it will launch a rights issue to fund its EUR€285 million (approximately US$355 million) purchase of the remaining 40 per cent of Istanbul Sabiha Gökçen airport it does not own. To finance the acquisition, the Malaysian airport operator will issue rights for 274.8 million new shares. It hopes to complete the exercise by the first quarter of next year. … [Read more...] about MAHB rights issue to fund airport purchase
