Bangkok Airways has filed a submission to the Thai Securities and Exchange Commission (SEC) for an initial public offering (IPO) of just under 25 per cent of the company. Subscription is expected to open for individual investors around mid-October, while the shares are expected to commence trading in the Stock Exchange of Thailand by the end of October. The Company is confident of its growth potential and believes future business expansion will put it in a prime position to capitalise on the … [Read more...] about Bangkok Airways IPO targets late October
air freighting
FedEx launches global returns service
FedEx Corp. has launched FedEx Global Returns, a shipping solution designed to simplify the worldwide returns process. The solution offers retailers enhanced ability to manage their customers’ returns experience, including editable return labels, customs documentation and flexible return destinations via FedEx Express or FedEx Ground. “FedEx Global Returns puts the shipper in control,” said Raj Subramaniam, executive vice president of Marketing and Communications at FedEx. … [Read more...] about FedEx launches global returns service
FAA fines American Eagle for alleged violations
The Federal Aviation Administration (FAA) proposes US$60,000 civil penalty against American Eagle Airlines, Inc. for failing to follow approved aircraft de-icing procedures for certain flights out of Sioux Falls, SD. Allegedly on six days in November and December 2013, contractor Worldwide Flight Services let five employees, who did not have proper training or qualifications either, apply de-icing fluid on 12 aircraft operated by American Eagle. FAA alleges airline operated aircraft on passenger … [Read more...] about FAA fines American Eagle for alleged violations
Emirates SkyCargo launches new LD3
Emirates SkyCargo, the freight division of Emirates, has launched an internally developed and cost effective LD3 container that keeps temperature sensitive cargo cool when transported on the ground and in the air. Called the “White Container”, it’s the latest addition to Emirates SkyCargo’s Cool Chain portfolio, and has been designed specifically as an intermediate temperature control solution which is ideal for generic healthcare products and food perishables. … [Read more...] about Emirates SkyCargo launches new LD3
CEVA opens new office in Hanoi
CEVA Logistics opened a branch office in Hanoi, located at Cau Giay District. The new branch office will handle a full range of supply chain and logistics services, including airfreight and ocean freight, contract logistics, warehousing and distribution, local transportation and other domestic value added services. CEVA’s established presence in Ho Chi Minh and now in Hanoi underscores the company’s commitment to grow and expand in Vietnam to better serve its customers. Nelson … [Read more...] about CEVA opens new office in Hanoi
Dubai cargo volumes rebounded in Aug
Cargo volume at the Dubai International Airport bounced back by 4.3 per cent, reaching 192,902 tonnes in August compared to 184,877 tonnes during the same month in 2013. Year-to-date cargo reached 1,560,869 tonnes during the first eight months of the year, down 2.2 per from 1,596,772 tonnes recorded during the same period in 2013. Passenger traffic at the Dubai International Airport also rebounded from a three-month slump resulting from a major runway upgrade project to register a … [Read more...] about Dubai cargo volumes rebounded in Aug
