Korean Air Cargo has announced a temporary suspension of its Incheon – Tel Aviv cargo flights until 23 October, citing the current downturn in the market which made the route commercially unviable at the present time. The carrier had been operating five weekly flights between Seoul and Tel Aviv using a combination of three combi flights and two dedicated cargo flights. … [Read more...] about SOUTH KOREA: Korean Air suspends Tel Aviv services
asia cargo news
PHILIPPINES: Time:matters and Cebu Pacific tie-up
Time:matters and Philippines-based Cebu Pacific Cargo, have announced a new business tie-up in which the Lufthansa-owned logistics firm can now use Cebu Pacific flights departing from Manila Airport for its Special Speed Solutions and time-critical shipments. Time:matters said Manila was an important economic area and the tie-up would allow for more services to be launched in the future. “The co-operation with Cebu Pacific Cargo enables substantial time savings for time-critical … [Read more...] about PHILIPPINES: Time:matters and Cebu Pacific tie-up
THAILAND: “Merchant of Death†verdict due in August
Judges in Thailand said they would give until 30 June for closing statements on a US request for the extradition of a Russian who is alleged to be an international arms dealer dubbed the “Merchant of Death.†Viktor Bout has been fighting extradition since his March 2008 arrest in Bangkok on charges that he peddled weapons that were used in some of the world’s most violent conflicts, to customers including Al-Qaeda, Abu Sayyaf (Philippines), Revolutionary United Front … [Read more...] about THAILAND: “Merchant of Death†verdict due in August
MALAYSIA: Penang pushing for air cargo hub
Government officials from the Malaysian island of Penang have urged Malaysia Airport Berhad (MAB) to push for federal government funding to build an integrated air cargo terminal to accommodate future air cargo growth on the island. Penang’s Chief Minister Lim Guan Eng said the terminal is a worthwhile investment as it will bring in more cargo flights to Penang. “We really need an air cargo hub here so that we will be ready for a bigger market share of the cargo industry … [Read more...] about MALAYSIA: Penang pushing for air cargo hub
MALAYSIA: Asia Pac cargo volumes remain steady at -22%
Figures released by the Kuala Lumpurbased Association of Asia Pacific Airlines (AAPA) showed air cargo demand remained depressed in April, with AAPA international freight tonne kilometres (FTKs) down 21.9 per cent, year-on-year. Th e AAPA average international cargo load factor was five percentage points lower, at 62.8 per cent. For the first four months of the year, AAPA international air cargo traffic was down 24 per cent compared to the same period last year. “The air cargo … [Read more...] about MALAYSIA: Asia Pac cargo volumes remain steady at -22%
HONG KONG: HK’s April volumes steady, still a concern
April air cargo volumes at Hong Kong International Airport fell 19.8 per cent year-on-year in April to 257,000 tonnes, according to Hong Kong’s Airport Authority. The authority’s CEO, Stanley Hui said that while the decline in cargo volumes had remained steady at around -20 per cent in each of the last three months, better than the 30 per cent plunge experienced in December and January, the ongoing downturn was still a concern. “Cargo throughput remains the … [Read more...] about HONG KONG: HK’s April volumes steady, still a concern