Kuwait Airways said it hopes to conclude negotiations with planemakers Airbus and Boeing for an order by the end of May as it seeks to spend up to $6 billion to renew its ageing fl eet, Gulf News reported. “We are looking at several... planes, among them the Boeing 777 and 787 and the A350 and A340 at Airbus,” Chairman Shaikh Talal Mubarak AlSabah was quoted as saying. The carrier, which plans to fly more fl ights to existing destinations as well as new routes such as Canada, … [Read more...] about MIDDLE EAST: Kuwait Airways to order EUROPE jets by June
Air Shipping Asia
MIDDLE EAST: Etihad to boost India flights
Etihad is looking to double its fl ights to Mumbai and New Delhi, and has singled out Bangalore, Chennai and Hyderabad as potential new destinations as India moves up the agenda in the airline’s expansion plans, Arabian- Business.com reported. The Mumbai and New Delhi routes are already two of the airline’s most successful, at 80 percent capacity, compared to the carrier’s overall average of 67 percent, according to Gulf News. Extra New Delhi fl ights are set to begin … [Read more...] about MIDDLE EAST: Etihad to boost India flights
MIDDLE EAST: Gulf Air to restructure network
Gulf Air, which is owned by the governments of Bahrain and Oman, has announced plans to restructure it network to improve connections to all centres in the Gulf and the Middle East region. As a consequence, Gulf Air will stop operating to Jakarta and fi ve other heavy-loss-making long haul routes effectiveJuly 1. Gulf Air president and chief executive André Dosé said the airline, which is currently making heavy operational losses, had looked at ways in which the fl eet and resources can be … [Read more...] about MIDDLE EAST: Gulf Air to restructure network
SRI LANKA: SriLankan Cargo launches Jeddah flight
SriLankan Cargo has launched a twice weekly service to Jeddah. Perishable goods and construction-related cargo exporters in South Asia and the Far East now have access to a third Saudi Arabian city, with SriLankan Cargo starting theservice. The first commercial flight from Colombo touched down at the King Abdulaziz International Airport on March 27. The Airbus A340 operating a commercial service, offers 13,500 kg or 96 cubic metres of cargo capacity to Jeddah. SriLankan Cargo head Nalin … [Read more...] about SRI LANKA: SriLankan Cargo launches Jeddah flight
SRI LANKA: Exporters forced to use air freight
Sri Lankan exporters are faced with a shortage of space on container ships for their shipments to Europe after several shipping lines diverted some of their services to India, forcing them to use air freight. Shippers who fail to fi nd space on container ships are forced to air freight their shipments the cost of which can be 75 percent more than sea freight. Big lines like Maersk, UASC, K-line and Norasia have shifted some of their services to Nava Sheva, in Mumbai, reducing available … [Read more...] about SRI LANKA: Exporters forced to use air freight
INDIA: DHL to restructure India joint venture
DHL plans to restructure its joint venture with Lemuir Group in India, paving the way for it to hold the majority stake in the venture, the Economic Times reported. After the restructuring, DHL will hold a 76 percent stake in the new company, DHL Lemuir Logistics Private Ltd, while Lemuir will hold the balance 24 percent stake. Lemuir’s new promoters have agreed for a cash exit option for their reduced stake. In the previous joint venture, DHL Danzas & Lemuir, DHL and Lemuir had a 49 … [Read more...] about INDIA: DHL to restructure India joint venture