Not even zero growth in November and December can disrupt the global air cargo market from landing a year of unexpected double-digit demand growth in 2024. Healthy volumes of +11% in October and spot rates up +19% year-on-year reflected the growing maturity and balance among buyers and sellers of air cargo capacity, according to the latest market data by Xeneta. A year of constant, unexpected disruptions outside of the industry’s control – which began with a growth forecast as per October 2023 … [Read more...] about Xeneta report: Market maturity navigates disruptions, puts air cargo on ‘final approach’ to double-digit demand growth in 2024
Asia Pacific air freight
Enrico Farneti appointed Managing Director of Hellmann Italy
Enrico Farneti will take over as the new Managing Director of the Italian subsidiary of Hellmann Worldwide Logistics (Hellmann Italy) in November. He succeeds Daniela Coppola, who will leave the company at the end of the year as planned. In September last year, Hellmann acquired its long-standing partner Hellmann Worldwide Logistics S.p.A. (Hellmann Italy). This acquisition enabled Hellmann to significantly strengthen its presence in the central Alpine region and expand its seafreight … [Read more...] about Enrico Farneti appointed Managing Director of Hellmann Italy
NAV AERO Global Cargo GSSA network welcomes Saudia Cargo as new airline partner
NAV AERO, The global cargo General Sales and Services (GSSA) network, announced a strategic partnership with Saudia Cargo, a leader in air freight solutions across the world. This collaboration enhances NAV AERO’s airline network, increasing its global connectivity and providing expanded cargo solutions to clients globally. Saudia Cargo operates an extensive network of scheduled and charter services, offering flexibility and a competitive edge through its three strategic hubs in Saudi Arabia. … [Read more...] about NAV AERO Global Cargo GSSA network welcomes Saudia Cargo as new airline partner
IAG Cargo announces enhanced global services with new 2024-25 winter schedule
IAG Cargo, the cargo division of International Airlines Group (IAG), has announced its new 2024-25 winter schedule, which includes increased services to key destinations across the world. The new schedule will see IAG Cargo deliver a 5% increase in weekly rotations to Africa and the Middle East, including the return of the London Heathrow (LHR) / Jeddah (JED) route operating six times a week. Key transatlantic routes will also see a boost in capacity, including an additional seven flights to … [Read more...] about IAG Cargo announces enhanced global services with new 2024-25 winter schedule
Air Charter Service’s Greater China offices thriving
The Greater China offices of leading aircraft charter specialist, Air Charter Service, have had a remarkable first nine months of the year, with both the Shanghai and Hong Kong offices having their best years ever, in terms of charter numbers. Justin Bowman, Air Charter Service’s CEO commented: “This year has seen the growth plans that we put in place last year really start to pay dividends. Our revenue across the three offices has grown, most noticeably in Hong Kong – by 18% year-on-year. … [Read more...] about Air Charter Service’s Greater China offices thriving
HAECO and COMAC sign MOU to collaborate on MRO services
HAECO Group (HAECO) and Shanghai Aircraft Customer Service Co. Ltd. (SACSC), a subsidiary of Commercial Aircraft Corporation of China (COMAC), today signed a Memorandum of Understanding (MOU) to collaborate on airframe, engine and component services. This partnership aims to address the growing maintenance demands of COMAC platforms such as ARJ21 and C919. Established in 1950, HAECO is a leading provider of comprehensive aircraft engineering services covering airframe, engine and component … [Read more...] about HAECO and COMAC sign MOU to collaborate on MRO services
