King Fahd International Airport (KFIA) officially unveiled its "Cargo Village". The launch event was presided by His Royal Highness, Prince Saud bin Naif, governor of the Eastern Province of the Kingdom of Saudi Arabia. The Cargo Village is spread over half a million square metres. Over 70 per cent of goods bound for the Gulf region is destined for the Kingdom. The Cargo Village positions KFIA as a multi-modal shipment and clearance destination, directly serving the Eastern Province and the … [Read more...] about KFIA launches cargo clearance facility
Air Shipping Asia
PACTL registers strong Q1 results
Shanghai Pudong Int’l Airport Cargo Terminal Co., Ltd (PACTL) has continued its growth path after recording the strongest annual results in the company’s history. It achieved tonnage growth of 12.73 per cent year-on-year and handled 362,497 tonnes during the first three months of 2015; this result, the best in any first quarter, was particularly driven by an increase in import business. PACTL’s import cargo volumes increased by 15.97 per cent year-on-year to a total figure … [Read more...] about PACTL registers strong Q1 results
Wencor buys PHS/MWA Aviation Services
Wencor Group has acquired of PHS/MWA Aviation Services (PHS), a certified FAA/EASA repair station and provider of aircraft repair solutions in cargo and interior systems, hydraulics, and power and controls. Terms of the transaction were not disclosed. "The acquisition of PHS enhances our Soundair Aviation Services affiliate, expanding both the international market presence and breadth of Wencor Group's repair capabilities. This strengthens our position as a worldwide leader of aftermarket … [Read more...] about Wencor buys PHS/MWA Aviation Services
Europe Feb freight traffic up 2.9%
European airport trade body, ACI Europe released its traffic report for February. The report is the only air transport report which includes all types of civil aviation passenger flights: full service, low cost and charter. It reveals that freight traffic across the European airport network – an established bellwether of economic performance – was up +2.9 per cent. Aircraft movements were up +1.4 per cent. Passenger traffic at Europe’s airports grew by an average +5.0 … [Read more...] about Europe Feb freight traffic up 2.9%
ANA, UAL get approval for cargo JV
All Nippon Airways has been granted antitrust immunity for proposed trans-Pacific cargo joint venture between All Nippon Airways (ANA) and United Airlines (UA) by MLIT (Japan’s Ministry of Land, Infrastructure, Transport and Tourism). ANA applied to MLIT in November 2014 for antitrust immunity, enabling the two carriers to create a more efficient and comprehensive trans-Pacific air cargo business network. The antitrust immunity enables ANA and UA to jointly manage activities covered by … [Read more...] about ANA, UAL get approval for cargo JV
Maritime leaders call for agility
Asia's maritime leaders have called for the industry to adapt more quickly to changing market conditions in order to effectively capture opportunities and ensure its long-term future across the region. Speaking at a Sea Asia 2015 industry insights briefing ahead of the conference later this month, the leaders highlighted volatile commodity prices as well as fluctuating supply and demand as key drivers behind the changing conditions. Sea Asia 2015 will take place in Singapore from 21-23 April … [Read more...] about Maritime leaders call for agility
