Scandinavian Airlines (SAS) has entered into a slot transaction with Turkish Airlines that will take over one afternoon slot-pair at London Heathrow from SAS at the beginning of the winter traffic programme on 25 October 2015. The transaction will generate a positive earnings impact of MUSD 22 for SAS to be accounted for during the second quarter with a corresponding cash effect during calendar year 2015. As part of creating balance between frequencies and capacity during the day and … [Read more...] about SAS sells another slot pair at Heathrow
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New collaboration to promote e-freight in Shanghai
The International Air Transport Association (IATA), Shanghai Customs, Shanghai Entry-Exit Inspection and Quarantine Bureau, Shanghai Airport Authority, China Eastern Airlines, and Shanghai E-port have signed a Letter of Initiative (LOI) to jointly promote e-Freight in Shanghai. Under the terms of the LOI, the six organisations will cooperate to: Improve efficiency and reduce costs in existing processes by phasing out the need for a security check stamp on paper air waybills … [Read more...] about New collaboration to promote e-freight in Shanghai
DHL invests in new hub at Brussels Airport
DHL will invest EUR 114 million (approx. US$129 million) in the construction of a new hub at Brussels Airport. The new hub is expected to triple capacity from 12,000 to 39,500 shipments per hour. The original Brussels facility was set up in 1985 as a regional hub. In the last five years, Brussels has enjoyed solid double-digit volume growth. Due to this continuous growth and its central location in Europe, the Brussels Hub is increasingly being used as an international and transit hub, … [Read more...] about DHL invests in new hub at Brussels Airport
Heathrow sees 3.3% cargo growth in January
Cargo at London Heathrow airport grew 3.3 per cent to 115,847 tonnes in January, compared with the same month in 2014. The January results included increases of 54.0 per cent to Mexico, 28.6 per cent to Brazil, 11.3 per cent to India and 11.2 per cent to Turkey. In the 12 months from February 2014 to January 2015, cargo was up 5.2 per cent to just over 1.5m tonnes. … [Read more...] about Heathrow sees 3.3% cargo growth in January
Kuwaiti firm to build cargo airport in Iraq
Al Nasriyah Al Kuwaitiyah Co.has been awarded a 45-year contract to build and manage a new airport, NADA, in three phases in the Iraqi city of Al Diwaniyah, capital of the Al-QÄdisiyyah Governorate. The city is strategically located on the Baghdad Basra rail corridor and the initial intention for the airport is to act as a cargo hub, with growth as an international airport which will be capable of servicing the south and central regions of Iraq which has a domestic population currently in … [Read more...] about Kuwaiti firm to build cargo airport in Iraq
Canberra 24-hour freight hub plan approved
Australia's minister for infrastructure and regional development Warren Truss has approved Canberra Airport’s new Master Plan, setting out the gateway’s strategic direction for the next 20 years. The new plan includes an intention to use its 24-hour status to become Sydney's freight airport. The airport is expected to release the Master Plan to the public within 50 days. … [Read more...] about Canberra 24-hour freight hub plan approved
