Singapore Airport Terminal Services Limited (SATS) recently announced that the company has entered into an agreement to acquire 100 per cent of Menzies Aviation (Hong Kong) Ltd (MAHK) for approximately HK$18 million (US$2.3 million).MAHK is one of the four ground handling agents at the Hong Kong International Airport (HKIA). It is also one of the four licensed ramp handlers at HKIA, having recently extended its franchise licence for another 10 years. Owned by Menzies Aviation PLC since November … [Read more...] about SATS acquires Menzies Aviation (HK)
Air Logistics Asia
Falling cargo demand hits Menzies aviation
John Menzies, a UK handler of cargo at airports including London Heathrow, said its aviation unit is likely to miss full-year profit estimates as demand for air freight slows more than anticipated. “Cargo volumes across the network are much weaker than anticipated,” the company said. “As a direct result of this and in light of the continued uncertainty in the market place, the board believe that Menzies Aviation is unlikely to meet current market expectations for the full … [Read more...] about Falling cargo demand hits Menzies aviation
E-Freight or E-Fright?
There is an odd disjuncture occurring in the air freight industry. In recent weeks Payload Asia has been deluged by press release after press release extolling the virtues of the ongoing e-freight initiative. The press releases all drivel on in seemingly copy-cat formulation about how much paper, time, effort, efficiency – and ultimately money – is wasted on filling in documents relating to air cargo. Think how much better the environment will be without the 39 B747 … [Read more...] about E-Freight or E-Fright?
Bold cargo vision for tiny PG Airport
A full eight hundred kilometres north of the West Coast metropolis of Vancouver, Prince George – population 80,000 – sits on the boreal plain surrounded by miles and miles of not much other than landand lakes. Part of this, relatively inexpensive, land was recently purchased in order to fulfill a C$36 million (US$28 million) vision to turn the Prince George Airport (YXS) into a refueling and technical stop for cargo planes servicing the transpacific trade lane and later, … [Read more...] about Bold cargo vision for tiny PG Airport
Certified Cargo Screening Program (CCSP) Update
Following the signing into law of the Implementing the 9/11 Commission Recommendations Act of 2007 legislation requiring the Secretary of Homeland Security to establish a system for industry to screen 100 per cent of cargo transported on passenger aircraft at a level of security commensurate with the level of security of passenger checked baggage, within three years. In addition, the legislation set an interim milestone to screen 50 per cent of all cargo shipped on passenger aircraft within … [Read more...] about Certified Cargo Screening Program (CCSP) Update
Insurance alternative to bank guarantees: The Thai experience
Beginning of the year 2001, IATA raised concerns over the aggregated sales volume generated in a period of 30 days by agents far exceeding the current financial collateral at the time. As a result IATA proposed to increase amount of bank guarantees, in order to protect IATA airlines from exposure tofinancial risks. Realising the financial burden upon member agents, the Thai Airfreight Forwarder Association – TAFA consulted with Airlines Cargo Business Cargo – ACBA (known as ACP … [Read more...] about Insurance alternative to bank guarantees: The Thai experience
