Korean Air registered a 5.7 per cent increase in cargo yield in 3Q 2014 as its load factor rose 2.5 percentage points to 79.1 per cent. Its cargo arm, accounting for 22.1 per cent of total airline revenues in Q3, saw a 10 per cent rise in domestic cargo revenue sales in the three months to September. Internationally, it recorded a three per cent rise in cargo revenues in and out of Japan, a 3 per cent fall in freight revenues in China and a static result in Southeast Asia. The Americas … [Read more...] about Korean Air 3Q cargo yields on the up
Air Shipping Asia
Volga-Dnepr delivers Superjet 100 fuselage
A Volga-Dnepr Airlines’ An-124-100 freighter has transported a Sukhoi Superjet 100 fuselage as well as the aircraft’s wings and tail section from Komsomolsk-na-Amure in Khabarovsk krai to Zhukovsky, southeast of Moscow. The flight carried the detached airframe parts of an extended range and upgraded version of the Sukhoi Superjet 100 aircraft. The 33-tonne cargo was loaded and offloaded using the An-124’s onboard cranes and auxiliary loading equipment. In Zhukovsky, the … [Read more...] about Volga-Dnepr delivers Superjet 100 fuselage
TNT adds new air routes, depot in Europe
TNT is stepping up its services in Europe with the construction of a new international depot in Eindhoven (Netherlands) and the start of air services to Hanover (Germany). Both developments are part of the company’s strategy to invest in its core European network, enhance operational efficiency and service quality. TNT has broken ground on its new 6,350 square metre depot in Eindhoven to replace the existing, rented facility in the same town, which has become too small. Completion is … [Read more...] about TNT adds new air routes, depot in Europe
The future of Asian airline aircraft demand
While Asian carriers may have excess capacity in the short term, Steve Mason, vice president of aircraft analysis at CIT Aerospace, notes that since traffic is projected to grow by 6 per cent annually, the region will need approximately 13,000 new aircraft over the next 20 years. These views and others are presented in “Clear Skies or Turbulence Ahead for the Asian Aircraft Order Book?”, the latest piece of market intelligence to be featured in the CIT Executive Insights series. … [Read more...] about The future of Asian airline aircraft demand
BIAL becomes India’s first e-freight compliant airport
Bangalore International Airport Limited (BIAL) announced that the Kempegowda International Airport, Bengaluru has been rated as an e-freight compliant airport by IATA for its cargo operations. This project reiterates the airport’s efforts in sustaining the long-term well-being of the environment. The e-freight concept was launched by IATA in 2006 as part of the StB (simplifying the business) programme and became an industry-wide initiative. "IATA would like to congratulate … [Read more...] about BIAL becomes India’s first e-freight compliant airport
UPS CEO calls for closer cooperation at APEC
UPS CEO David Abney called for closer cooperation between business and governments to work together to maximise the benefits of international trade during the APEC CEO Summit panel, Economic Reforms for Sustaining Competitiveness. In a signal to export manufacturers, Abney cited a recently launched study where key business differentiators 'quality', 'reliability', and a 'flexible supply chain' emerge as priorities for companies seeking to gain competitive advantage in a changing economic … [Read more...] about UPS CEO calls for closer cooperation at APEC
