airways cargo

DHL ups capacity on its Asia Air Network

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Robust intra-Asian volumes have led DHL to increase capacity between Hong Kong and Singapore, which it serves through Air Hong Kong, a joint venture between Cathay Pacific and DHL. A 110 tonne capacity Boeing 747-400F will replace the current 45 tonne capacity A300-600F, and will operate between both cities six days a week, more than doubling capacity on the SIN-HKG route, a vital link for Intra-Asia trade, DHL said. “The Boeing 747-400F service will link DHL’s Central Asia Hub … [Read more...] about DHL ups capacity on its Asia Air Network

Panalpina Q1 profit nose dives 94%

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Swiss logistics group Panalpina reported a 94 per cent drop in first-quarter profit to 1.9 million Swiss francs (US$1.64 million), but said it was on track to reach its cost-cutting goal for 2009 which includes cutting 10 per cent of its workforce. "The massive recession-related global volume decline seen since the end of 2008 has impacted Panalpina on all major trade lanes and had negative effects on the results in the first quarter," said chief executive Monika Ribar. "However, with the … [Read more...] about Panalpina Q1 profit nose dives 94%

DHL ups capacity on its Asia Air Network

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Robust intra-Asian volumes have led DHL to increase capacity between Hong Kong and Singapore, which it serves through Air Hong Kong, a joint venture between Cathay Pacific and DHL. A 110 tonne capacity Boeing 747-400F will replace the current 45 tonne capcity A300-600F, and will operate between both cities six days a week, more than doubling capacity on the SIN-HKG route, a vital link for Intra-Asia trade, DHL said. “The Boeing 747-400F service will link DHL’s Central Asia Hub … [Read more...] about DHL ups capacity on its Asia Air Network

Cargo drop stabilised but Swine flu new threat

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A stabilisation of global inventory levels has helped stabilise air freight demand and halted the freefall according to the International Air Transport Association (IATA) as it warned that concerns over a swine flu pandemic could have a significant impact on air traffic. IATA's latest statistics show that air cargo demand has "moved sideways" in the -21 to -24 per cent range since its plunge from -7.9 to -23.2 per cent between October last year and January 2009. Freight demand in March was … [Read more...] about Cargo drop stabilised but Swine flu new threat

Air India restructures and replaces MD as losses soar

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The Indian government has suggested sharp cutbacks in routes, changes in aircraft deployment and flight timings to reduce losses in National Aviation Company of India Ltd (Nacil) — the state-owned company that runs Air India. Apart from several domestic routes, operations on routes like London and Southeast Asia also need to be restructured, it said adding that it will make Frankfurt its operational hub. Nacil also announced that Ministry of Civil Aviation Joint Secretary and … [Read more...] about Air India restructures and replaces MD as losses soar

China throws up barrier to int’l express carriers

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A new Chinese postal law may make life difficult for international express carriers operating in China to expand their business. The Chinese government on enacted a new postal law on 24 April that bars foreign companies from delivering domestic express letters. Without access to this segment it may be difficult to operate international express business in the country according to the Brussels-based Global Express Association, who called the move by China "protectionist". The market for express … [Read more...] about China throws up barrier to int’l express carriers