Preliminary financial performance figures released today by the Association of Asia Pacific Airlines (AAPA) revealed that Asia Pacific airlines recorded US$6.9 billion in combined net earnings in 2015, an upswing from net losses of US$1.2 billion reported for the year 2014. The AAPA said the strong results were underpinned by sustained growth in passenger markets, lower fuel prices and operating efficiencies including a record high passenger load factor of 78.4 per cent and a small but … [Read more...] about Asia Pacific airlines return to profitability in 2015: AAPA
Air Shipping Asia
DHL opens Life Science Competence Center at AMS
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, opened a new logistics centre for life science and healthcare products at Amsterdam-Schiphol. The new Life Science Competence Center is located next to the airport at the business park Schiphol Southeast. It serves as a hub for the transport, transport preparation, temporary storage, and transport follow-up of active and passive temperature-controlled pharmaceutical and medicinal products. The facility … [Read more...] about DHL opens Life Science Competence Center at AMS
Kuehne + Nagel to manage CNH Industrial’s Shanghai facility
CNH Industrial, a global leader in the capital goods sector, has awarded a two year contract to Kuehne + Nagel for managing its agricultural and commercial vehicle spare parts supply chain requirements in Shanghai, China. CNH Industrial selected Kuehne + Nagel after proposing an efficient logistics centre solution which will consolidate two of CNH Industrial’s separate business operations into one single distribution centre. Due to the complexity within the two operations, IT Systems will be … [Read more...] about Kuehne + Nagel to manage CNH Industrial’s Shanghai facility
Stifel Logistics Confidence Index shows tiny gain in May
The Stifel Logistics Confidence Index saw a marginal month-on-month improvement in air freight confidence in its May results with Index gained 0.4 points for a total index score of 50.0. This result is 9.5 points below that for May 2015, and 5.7 points lower than in May 2014. The present situation results rose by 1.2 points to 47.2. This was chiefly derived from a 3.2 point gain in the Europe to Asia lane, which was nonetheless the poorest performing of the lanes at 42.1. Two of the other … [Read more...] about Stifel Logistics Confidence Index shows tiny gain in May
Silk Way Airlines AN-12 crashes on take-off in Afghanistan
A Silk Way Airlines Antonov AN-12 freighter flying out of Camp Dwyer in southern Afghanistan’s Helmand province to an unspecified Afghan destination crashed after suffering an engine failure on take off at 19:00 local time, Wednesday night. Of the nine persons onboard, seven perished in the resulting impact while two Ukrainian crew members survived with serious injuries and were taken to a hospital in Kandahar in critical condition. Azerbaijan's Accident Investigation Commission has … [Read more...] about Silk Way Airlines AN-12 crashes on take-off in Afghanistan
K+N’s Tim Scharwath appointed to DHL Global Forwarding
Fomer member of the Management Board at Kuehne + Nagel International AG, Tim Scharwath has been appointed to the Board of Management responsible for DHL Global Forwarding, Freight. Scharwath was K+N’s member of the Management Board responsible for global airfreight since 2011. The new CEO DHL Global Forwarding, Freight will join the Group within the next twelve months. In the meantime Frank Appel, CEO Deutsche Post DHL Group retains responsibility for this division. “We are very pleased … [Read more...] about K+N’s Tim Scharwath appointed to DHL Global Forwarding
