Cargo ground handler Swissport bagged €300 million of committed interim financing from an ad hoc group of senior secured creditors, which will top-up on its current liquidity position of more than €200 million as of 18 August, a press release confirmed. Swissport says this will give them ample headroom to trade and execute operational plans through the Covid-19 pandemic as well as take advantage of growth opportunities post-crisis, strengthening its position in the passenger services and air … [Read more...] about Swissport nabs €300 million financing, shakes on restructuring deal ‘in principle’
cargo aviation
CHAMP Cargosystems ties up with Google Cloud to fast-track air cargo’s digitalisation
In a partnership that would accelerate digitalisation in the air cargo industry, IT provider CHAMP Cargosystems has selected Google Cloud to provide an API platform and developer self-service portal option to all its software-as-a-Service (SaaS) customers, according to a press release. The platform’s self-service capabilities will allow airlines to easily connect with customers without using any messaging or bespoke interfaces. Google Cloud’s Apigee API management portal will allow CHAMP and … [Read more...] about CHAMP Cargosystems ties up with Google Cloud to fast-track air cargo’s digitalisation
SIA, trade associations welcome Singapore’s easing of border restrictions
Singapore announced it will relax border measures starting 1 September to allow general travel to and from Brunei and New Zealand, after taking into account low-risk countries where the virus situation is under control. Foreign visitors from both nations will be subject to a Covid-19 test upon arrival, in lieu of a stay-home notice (SHN), according to the Ministry of Health, whilst those travelling to the two countries will be subject to requirements imposed … [Read more...] about SIA, trade associations welcome Singapore’s easing of border restrictions
Qantas merges business units as International CEO steps down
Sydney-based Qantas Group has made a cut to its Group Management Committee in view of the ongoing COVID-19 crisis, with Qantas International’s CEO, Tino La Spina, relieving his post effective 1 September, a press release confirmed. The Group expects its international flights to remain grounded until at least mid-2021. La Spina’s responsibilities will be transferred to Andrew David, CEO of Qantas Domestic, adding to his existing duties for Qantas Domestic and Qantas Freight. Meanwhile, John … [Read more...] about Qantas merges business units as International CEO steps down
Update: Payload Asia Awards 2020 moved to January 2021
Due to requests from the industry for more time as a result of Covid-19, our team at Payload Asia has decided to move the Payload Asia Awards 2020 to a later date. The awards presentation is now scheduled for 22 January 2021, with the gala dinner to be hosted in Manila, Philippines. Keeping in mind the safety and well-being of everyone involved, we will be taking precautionary measures during the event to make sure we observe proper social distancing to stop any further spread. For more … [Read more...] about Update: Payload Asia Awards 2020 moved to January 2021
Lufthansa Cargo opens pharma hubs in Munich and Chicago
As supply chain players expand worldwide storage capacity for temperature-sensitive freight, Lufthansa Cargo unveiled its 1,000-square-metre pharma facility at Munich Airport, with space for up to 96 pallets and loose cargo in two different temperature ranges (+2 to +8 °C and +15 to +25 °C) and a freezer (down to -18 °C), a press release confirmed. Lufthansa Cargo Pharma Hub Munich, as it is called, took only five months to complete. The German cargo carrier earlier topped up on its … [Read more...] about Lufthansa Cargo opens pharma hubs in Munich and Chicago