Government officials from the Malaysian island of Penang have urged Malaysia Airport Berhad (MAB) to push for federal government funding to build an integrated air cargo terminal to accommodate future air cargo growth on the island. Penang’s Chief Minister Lim Guan Eng said the terminal is a worthwhile investment as it will bring in more cargo flights to Penang. “We really need an air cargo hub here so that we will be ready for a bigger market share of the cargo industry … [Read more...] about MALAYSIA: Penang pushing for air cargo hub
Air Shipping Asia
MALAYSIA: Asia Pac cargo volumes remain steady at -22%
Figures released by the Kuala Lumpurbased Association of Asia Pacific Airlines (AAPA) showed air cargo demand remained depressed in April, with AAPA international freight tonne kilometres (FTKs) down 21.9 per cent, year-on-year. Th e AAPA average international cargo load factor was five percentage points lower, at 62.8 per cent. For the first four months of the year, AAPA international air cargo traffic was down 24 per cent compared to the same period last year. “The air cargo … [Read more...] about MALAYSIA: Asia Pac cargo volumes remain steady at -22%
HONG KONG: HK’s April volumes steady, still a concern
April air cargo volumes at Hong Kong International Airport fell 19.8 per cent year-on-year in April to 257,000 tonnes, according to Hong Kong’s Airport Authority. The authority’s CEO, Stanley Hui said that while the decline in cargo volumes had remained steady at around -20 per cent in each of the last three months, better than the 30 per cent plunge experienced in December and January, the ongoing downturn was still a concern. “Cargo throughput remains the … [Read more...] about HONG KONG: HK’s April volumes steady, still a concern
SINGAPORE: SIA, EgyptAir code share expanded
Singapore Airlines has announced an expanded code share agreement with EgyptAir, with effect from 1 June. Singapore Airlines flies four times weekly from Singapore to Cairo, via Dubai. The code share now opens up EgyptAir’s services from Dubai to Cairo and its network to destinations outbound from Cairo. … [Read more...] about SINGAPORE: SIA, EgyptAir code share expanded
SINGAPORE: Singapore Airlines Cargo off the hook, for now
Australia’s federal court has dismissed a case against Singapore Airlines Cargo brought by the Australian Competition and Consumer Commission (ACCC). The ACCC has alleged that SIA Cargo was involved in illegal price-fixing over the carriage of air cargo, an investigation that is simultaneously being carried out by competition authorities around the globe, primarily in the US and Europe. Federal Court judge Peter Jacobson ruled that the ACCC had failed to properly specify material … [Read more...] about SINGAPORE: Singapore Airlines Cargo off the hook, for now
SINGAPORE: Singapore Airlines sees profits plunge 92%
Singapore Airlines (SIA) said its January-March profit plunged 92 per cent as the global economic slowdowndepressed passenger and cargo movements. The carrier’s net profit for its fiscal fourth quarter was S$41.9 million (US$28.7 million), down from S$528 million a year earlier, it said in a statement. That took the net profit for the whole year to S$1.06 billion, down 48 per cent from the previous year. The company’s cargo division, SIA Cargo, booked a loss of … [Read more...] about SINGAPORE: Singapore Airlines sees profits plunge 92%
