In early July Emirates kicked off its daily non-stop passenger service to Prague, Czech Republic using an A330-200 aircraft with 16 tonnes of available belly capacity. Trade between the Czech Republic and the UAE has leapt from under US$26 million in 1993 to US$678 million in 2008, according to the Czech Foreign Ministry. Nearly 30 per cent of exports to the UAE are glass products including Czech-made Bohemian glass, which can be seen in chandeliers and other decorative features in hotels across … [Read more...] about Emirates daily to Prague with belly capacity
airlines cargo
China’s trade surplus rises in June
China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China’s trade surplus rises in June
China's trade surplus rises in June
China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China's trade surplus rises in June
JFK reopens refurbished runway
New York's JFK airport reopened Runway 13R-31L, after being closed for nearly three months for a US$376 million refurbishing replacing the existing tarmac with a new, wider concrete runway. Airport officials hailed the project a success, pointing out that pessimists' predictions that leaving JFK to operate on only three runways would result in chaos, failed to materialise. About 24 per cent of departing flights at the airport were delayed in March, up from 16 per cent a year earlier, according … [Read more...] about JFK reopens refurbished runway
Miami-based Arrow Air bankrupt, to liquidate
Arrow Air Inc, a Miami-based cargo carrier, has filed for bankruptcy protection and plans to liquidate after failing to find a buyer. The 60-year-old company, which operated as Arrow Cargo and once had more than 3,500 customers, halted operations in early July and filed a Chapter 11 petition on in the US bankruptcy court in Miami. In a court filing, Arrow said rising jet fuel prices outpaced its ability to boost prices and this resulted in "significant recurring operating losses" and a large … [Read more...] about Miami-based Arrow Air bankrupt, to liquidate
FIATA and WCO sign new MoU
The World Customs Organisation and the International Federation of Freight Forwarders (FIATA) have signed a renewed Memorandum of Agreement to further strengthen cooperation between the two organisations. The WCO has designated Customs-Trade Partnership as its key theme for 2010 and as there have been significant developments on Customs matters since the signing of the last MoU it was recognised that it was important to update the existing MoU, the two said in a statement. It was important, the … [Read more...] about FIATA and WCO sign new MoU
