As the global economic crunch continues to depress the air cargo industry, All Nippon Airways (ANA) has moved to scale back its freighter operations. The Japanese carrier has cancelled a wet-lease contract for two B767-300 freighters with the Air Transport Services Group, leaving ANA with four 767-300 freighters plus one 767-300BCF. The carrier has six more 767-300BCFs on order. The carrier has, like virtually all its competitors, has seen volumes decline nearly 20 per cent since late last year, … [Read more...] about ANA Cargo feels the pinch and scales back
asia cargo news
Deccan 360 to take flight this week
GR Gopinath, who revolutionised India's aviation industry with the country’s first low-fare carrier Air Deccan, will begin operation of his new express delivery and logistics service this week, pitting him against global heavyweights DHL, TNT and FedEx. Gopinath’s new cargo and express logistics company, Deccan Express Logistics, will operate under the brand Deccan 360 and aims to offer end-to-end express logistics services within India, and between India and some … [Read more...] about Deccan 360 to take flight this week
Singapore Airlines Cargo off the hook, for now
Australia's federal court has dismissed a case against Singapore Airlines Cargo brought by the Australian Competition and Consumer Commission (ACCC). The ACCC has alleged that SIA Cargo was involved in illegal price-fixing over the carriage of air cargo, an investigation that is simultaneously being carried out by competition authorities around the globe, primarily in the US and Europe. Federal Court judge Peter Jacobson ruled that the ACCC had failed to properly specify material facts to … [Read more...] about Singapore Airlines Cargo off the hook, for now
Air India to build Hyderabad MRO facility
In a bid to establish itself as a key player in the Indian MRO market, Air India has acquired five acres of land at the new Shamshabad Airport in Hyderabad where it is about to begin building a new MRO facility. The facility – expected to be completed within 18 months – will include a new hangar capable of accommodating two A320 family aircraft simultaneously, or one B777/B747 aircraft. … [Read more...] about Air India to build Hyderabad MRO facility
Foreign MROs may face increased US scrutiny
Threatening to derail an aviation safety pact with the European Commission (EC), US lower house lawmakers have passed a bill mandating US safety inspectors to conduct more checks of overseas aircraft maintenance, repair and overall (MRO) companies. The new bill, not as yet law, requires the Federal Aviation Administration to increase its overseas inspections from once a year to twice a year, and foreign workers would have to submit to the same drug and alcohol testing and criminal background … [Read more...] about Foreign MROs may face increased US scrutiny
Hainan Air to get $440 million bailout
Hainan Airlines is set to get a capital injection of US$440 million from its parent company and the Hainan provincial government by selling them new shares, according to Dow Jones. Hainan Airlines' debt-to-asset ratio will fall to around 81 per cent after the injection, an un-named source was quoted as saying. The carrier had a debt-to-asset ratio of 87 per cent at the end of March. The airline joins other Chinese carriers, including China Eastern Airlines, China Southern Airlines and Shanghai … [Read more...] about Hainan Air to get $440 million bailout