The latest Airline Business Confidence Index from the International Air Transport Association has indicated carriers in Asia are more optimistic of a stabilisation of profitability over the next twelve months, compared with their counterparts in Europe and North America. The report noted that air cargo demand and yields continued to suffer in the last quarter of 2009, but "recent traffic results indicate that a floor may have been reached during the first half of the year with international FTKs … [Read more...] about IATA: Asia cargo carriers optimistic of rising demand
asia cargo news
China posts 7.9% GDP growth for second month
China has reported a 7.9 per cent year-on-year growth in its estimated gross domestic product (GDP) for the second quarter, spurred by a government economic stimulus package. The April-June figure was up from 6.1 per cent in the first quarter and took China's GDP growth to 7.1 per cent for the first six months of this year compared with the same period last year, according to the country's National Bureau of Statistics. In another sign of improvement, China's industrial output grew by 10.7 per … [Read more...] about China posts 7.9% GDP growth for second month
June figures up for Cathay, but yields hurting
Hong Kong-based Cathay Pacific Airways and its subsidiary Dragonair have reported moderating declines in cargo tonnage with the two carriers uplifting a total 123,860 tonnes of cargo and mail in June, down 10 per cent on June 2008. The airline's cargo spokesman said June cargo traffic was down year-on-year, though the monthly drop was the lowest so far this year. "There are signs that the airfreight market has bottomed out, though as yet we are not seeing any sustained upswing in demand. … [Read more...] about June figures up for Cathay, but yields hurting
MASkargo sees 2010 recovery, focuses on charters
Malaysia Airlines Cargo (MASkargo) - which saw a 28 per cent nose dive in cargo volume in the first half year of 2009 year-on-year - has said it expects to see a turnaround of its cargo volumes only in the second half of of next year. The Kuala Lumpur-based cargo carrier took a major hit when demand from its main market, China, fell by more than 30 per cent. "We see a light at the end of the tunnel. We see some flattening at the bottom. There is not really a jump yet but we've seen the bottom … [Read more...] about MASkargo sees 2010 recovery, focuses on charters
Four Indonesian carriers off EU ‘black-list’
The European Commission has released its eleventh update of the Community’s list of airlines banned in the European Union with good news for four Indonesian carriers which have been removed from the so-called 'black-list'. "We cannot afford any compromises in air safety, we have to remain vigilant; citizens have the right to fly safely every where in the world" said European Commission vice president Antonio Tajani announcing the revised list. "We will not accept that airlines fly at … [Read more...] about Four Indonesian carriers off EU ‘black-list’
Air Cargo Germany soon to be aborne
In the face of a dire air cargo market, Frankfurt Hahn-based start-up Air Cargo Germany (ACG) has received its air operator’s certificate (AOC) from the German authorities and is expected to start operations shortly. ACG took delivery of the first of two ex-China Airlines B747-400SFs from Avion Aircraft Trading in the first half this year, with the second aircraft expected to be delivered by end-July. The carrier will begin with charter flights with scheduled services starting at an … [Read more...] about Air Cargo Germany soon to be aborne