AAT last month celebrated the opening of its new Terminal 2 (T2) at Hong Kong International Airport (HKIA) at a ceremony offi ciated by the Secretary for Economic Development and Labour, Stephen Ip and the chief executive offi cer of Airport Authority Hong Kong, Stanley Hui. The HK$1.75 billion T2 features a four-storey warehouse area of 130,000 sqm., two airside levels and landside access to every warehouse level. T2 would increase the current handling capacity of AAT to 1.5 million tonnes … [Read more...] about HONG KONG: AAT opens new Terminal 2
airlines cargo
HONG KONG: GAC inks deal with LH Cargo
GAC Hong Kong has signed a oneyear capacity purchase agreement with Lufthansa Cargo for the movementof cargo between Hong Kong and Europe. Under the agreement, GAC Hong Kong is assured of space allocation andcompetitive rates by Lufthansa Cargo. This deal increases GAC Hong Kong’s weekly capacity and enhances its ability to offer clients a quality product on a primecarrier at consistently attractive rates. In return, GAC is committed to transporting cargo via Lufthansa, an … [Read more...] about HONG KONG: GAC inks deal with LH Cargo
HONG KONG: Slow volume growth in 1Q: HACTL
Hong Kong Air Cargo Terminals Limited (Hactl) has reported a slow down in volume growth in the fi rst quarter, primarily a result of softening in demand in the US and other major export markets. Volume handled in the fi rst quarter was 576,877 tonnes, representing a mild increase of 0.1 percent against the same period last year. The slow down in tonnage growth in the fi rst quarter was primarily attributed to declines in export volume to the major markets : US (-1.1 percent), Europe (-1.4 … [Read more...] about HONG KONG: Slow volume growth in 1Q: HACTL
CHINA: China Eastern eyes new investor
As the three global alliances are vying for a foothold in the Chinese market, China Eastern Airlines is leaving its options open, preferring to identify a new strategic investor before committing to one of the groupings,ATW On-line reported. The carrier told the Shanghai Securities Gazette that it is speeding up talks on selling off a 20 percent-25 percent stake to a new investor, likely a foreign airline that already may be an alliance member. “There is no need to rush now, as we … [Read more...] about CHINA: China Eastern eyes new investor
CHINA: NWA Cargo increases China service
Northwest Air Lines (NWA) Cargo has announced that it has expanded its all-cargo freighter service to include daily frequencies to Guangzhou Baiyun International Airport, in China’s Guandongprovince. “These additional frequencies provide shippers with quicker and more convenient access to China’s largest market,” Jim Friedel, president of NWA Cargo and senior vice president-Pacific, said in a statement. “We are working to provide our customers with faster … [Read more...] about CHINA: NWA Cargo increases China service
CHINA: US, China aim for new open skies pact
The US hopes to reach a new “open skies” agreement with China by the next round of top level talks between the two countries to be held in Washington in May, AFX-ASIA reported, citing US Secretary of TransportationMary Peters. Speaking in Beijing last month on her fi rst trip to China as Transport Secretary, Peters was quoted as saying that she was confi dent the groundwork for a new agreement will be in place by the time of the Strategic Economic Dialogue, and that the new plan … [Read more...] about CHINA: US, China aim for new open skies pact
