IAG Cargo will launch a new direct service from London Heathrow (LHR) to Lahore (LHE) in Pakistan, starting October, which will run year-round, four times a week. The new route will give businesses access to important manufacturing hubs in the region and connect Lahore with Europe, the United States, and Canada. The new service is expected to boost IAG Cargo’s Pakistan operations. Flights to Islamabad have been reinstated from 14 September, which operate daily between the two capital … [Read more...] about IAG Cargo starts direct London-Lahore service in October
Air Shipping Asia
CEVA Logistics scales up in Central Asia with new Kazakhstan office
CEVA Logistics is strengthening its presence across Central Asia and will open a new office in Kazakhstan to serve clients across the region, including Uzbekistan, Turkmenistan, Tajikistan and Kyrgyzstan. From the headquarters in Almaty, Kazakhstan’s largest metropolis, the freight forwarder will offer a full range of multimodal services, including air, ocean and road solutions. CEVA Logistics is banking on the country’s well-developed railway network to facilitate a number of optimal … [Read more...] about CEVA Logistics scales up in Central Asia with new Kazakhstan office
AAPA’s Assembly of Presidents to meet in virtual format
The Association of Asia Pacific Airlines (AAPA) announced that the annual Assembly of Presidents, initially scheduled to take place in Japan in November, will now be conducted virtually due to ongoing travel restrictions and blanket quarantine requirements in the region. Commenting on the decision, Subhas Menon, AAPA’s director general, “We had very much hoped that we could hold a physical meeting in Japan this year, but unfortunately circumstances do not allow for this to happen. Borders … [Read more...] about AAPA’s Assembly of Presidents to meet in virtual format
PayCargo snags US$35 million investment led by Insight Partners
PayCargo recently announced a US$35 million injection led by venture capital and private equity firm Insight Partners, based in New York. The online payments company said it will use the capital to expand its electronic payments network and explore investments in technology. As COVID-19 accelerates the adoption of online payments in the cargo market, the investment from Insight Partners comes at a time where vendors and payers are moving away from legacy, paper-based … [Read more...] about PayCargo snags US$35 million investment led by Insight Partners
Lufthansa Cargo gets ninth Boeing 777 freighter in Frankfurt
Lufthansa Cargo welcome its ninth Boeing 777F for the first time at Frankfurt Airport (FRA) on 29 September, a press release confirmed, less than a month after the cargo carrier summoned its eighth Triple Seven freighter. With registration D-ALFI, the freighter was in flight as LH8145 for 10 hours and 10 minutes after take-off from Everett Airport (PAE) in Washington State. The new aircraft bears the name "¡Buenos días México!", which it took over from an aircraft with the … [Read more...] about Lufthansa Cargo gets ninth Boeing 777 freighter in Frankfurt
Vietjet’s cargo revenue up 21 percent, driven by domestic market
Vietjet reported a surge of 23 percent in cargo volume between April and August this year compared to the pre-pandemic first quarter. Cargo volume increased from 16,133 tonnes between January and March 2020 to 19,872 tonnes in the following five months. The airline said such growth was disproportionately driven by the domestic market. Cargo transported within Vietnam grew 54 percent over the first quarter. Meanwhile, air cargo revenue increased 21 percent in the April-August period … [Read more...] about Vietjet’s cargo revenue up 21 percent, driven by domestic market