Local news reported last week that Philippine Airlines is considering filing bankruptcy protection in the US courts to give the embattled carrier more breathing space to restructure debts which have ballooned to US$5 billion, mostly owed to suppliers and lessors of planes. This would make its proposed debt restructuring plan the largest in the country’s history. Company insiders told local newspaper Inquirer that the embattled flag carrier will likely file court protection in the US … [Read more...] about Philippine Airlines eyes US court protection from creditors
cargo aviation
How DHL ensured WHO supplies got to the far-flung Pacific
The far flung islands in the Pacific have not been spared the brunt of COVID-19, and despite the low number of cases, these nations which relied heavily on tourism faced a logistical challenge in sending basic goods no thanks to the dramatic cut in passenger flights that would carry belly cargo. The WHO has been working tirelessly to ensure supplies and healthcare equipment reach these islands, which experienced a recent spike in COVID-19 infections that doubled its total number of … [Read more...] about How DHL ensured WHO supplies got to the far-flung Pacific
SpiceJet starts winter cargo flights to Ladakh capital
SpiceJet today launched seasonal freighter services to Leh, capital of Ladakh, to ensure that essential supplies and cargo are delivered during the winter months. SpiceXpress, the cargo arm of the Indian airline, will deploy its Boeing 737 freighter on this route, with the first freighter flight from Delhi to Leh carrying 13 tonnes of supplies. The new flights launched are seasonal and will operate during the winter months when surface transportation is disrupted due to adverse weather … [Read more...] about SpiceJet starts winter cargo flights to Ladakh capital
Singapore’s Mapletree to embark on $410 million warehouse development in Japan
Mapletree Investments expects to allot over S$550 million ($410 million) for the development of modern logistics hubs in Kyushu, which is set to be the largest warehouse space in Japan’s southwestern island upon completion. The Singapore-based company purchased 116,319 square metres of prime land for warehouse development in Chikushino, Fukuoka, which will be transformed into two blocks of multistorey logistics facilities with a combined gross floor area of 231,648 sqm. The development by … [Read more...] about Singapore’s Mapletree to embark on $410 million warehouse development in Japan
Chart: Top 5 ‘boneyard’ airports house more than 1,100 aircraft in storage
This chart by Seabury Consulting shows the top 5 boneyard airports which store more than 1,100 of grounded aircraft. Several airlines had to put aircraft in long-term storage with no more room at their hubs. Most of the boneyard airports in the top 5 are in North America, with Roswell International Air Centre in New Mexico (ROW) taking in 345, followed by Victorville’s Southern California Logistics Airport (VCV) with 263 and Pinal County Airpark (MZJ) in Arizona with 261. Most of the … [Read more...] about Chart: Top 5 ‘boneyard’ airports house more than 1,100 aircraft in storage
IAG Cargo restarts direct London to Seoul to boost trade
IAG Cargo, the cargo division of British Airways parent IAG, has announced a return of its direct service from the UK to South Korea. Halted due to the pandemic, the London Heathrow (LHR) and Seoul-Incheon (ICN) route is significant for the export of pharmaceutical goods across the world, the cargo carrier noted. Also read: IAG Cargo to operate Iberia’s first A330 ‘preighter’ IAG Cargo says South Korea is a high growth market for UK exports, and as one of the largest exporters of … [Read more...] about IAG Cargo restarts direct London to Seoul to boost trade