Air China and Air Macauparent Air China Ltd. earneda 2006 net profit of CNY3.19billion (US$411.8 million),up 86.71 percent over theprior year, on a 17.4 percentlift in operating revenue toCNY44.9 billion. Chairman Li Jiaxiang saidthe result was in part dueto the company's A-sharelisting in Shanghai and therestructuring of its crossshareholding with CathayPacific Airways. "The share listing helped stabilise our capital structureand provides us theresources to continue ourfleet … [Read more...] about Air China reports record profit
cargo aviation
Menlo Worldwide sets up part distribution for Embraer
Menlo Worldwide said ithas been selected by Embraer,the world's leadingmanufacturer of commercialjets up to 110 seats, tooperate a regional logisticshub providing dedicatedservice parts warehousingand distribution supportingthe launch of Embraer'sfamily of regional and executivejet aircraft in theAsia-Pacific market, includingmainland China. Under the contract, Menlohas established a dedicated,24/7 operation at itsexisting Singapore regionallogistics hub providingrapid response fulfillmentto … [Read more...] about Menlo Worldwide sets up part distribution for Embraer
Kerry Logistics and Wincanton sign JV agreement
Kerry Logistics and Wincantonhave signed a jointventure agreement to provideinternational supplychain solutions for customersshipping goods betweenthe Far East and Europe. With the increasing demandfor products manufacturedand sourced in Asia,the joint venture will enablecustomers to maintain asingle logistics relationshipfrom manufacturing plantsin the Far East through tostores across Europe andvice versa. Kerry Logistics isan Asia-based China-focused3PL company, providingpan-China logistics … [Read more...] about Kerry Logistics and Wincanton sign JV agreement
Shippers’ support 3rd terminal at HKIA
The Hong Kong Shippers'Council has come outin support of a proposalto build a third air cargoterminal at the Hong KongInternational Airport as itwill introduce increasedcompetition for more efficientcargo handling andbetter costing. In his message in theShippers' Today, HKSCchairman Willy Lin saidthe new terminal operator,which will be determinedthrough bidding, shouldguarantee that they will passon lower costs to shippers sothere will be less defectionto neighbouring airports. "Cost … [Read more...] about Shippers’ support 3rd terminal at HKIA
Jade Cargo further expands network
Chinese all-cargo carrierJade Cargo Internationalhas added four more destinationsto its flight schedulewith the delivery of its thirdfreighter in February. Jade Cargo took deliveryof the factory-new B747-400ER freighter from AmentumCapital, an Irelandbasedaircraft lessor. New destinations servedby Jade Cargo Internationalare Shanghai-Pudong,Luxembourg, Leipzig andStockholm. Jade Cargo will add twoweekly flights from Shenzhento Leipzig, routed backvia Stockholm, as well as aweekly link … [Read more...] about Jade Cargo further expands network
Yangtze River makes inaugural US-China flight
Yangtze River Express last monthmade its inaugural B747 freighterflight from Boston to Shanghai, witnessedby Massachusetts GovernorDeval Patrick, Boston Mayor ThomasMenino, representatives from Massportand the airline, Pacific Businessreported. The flight marked the first directair service of any kind between NewEngland and China, according to astatement from Massport. Officialsfrom the airport said that the flight willprovide new opportunities to promotethe export of Massachusetts products … [Read more...] about Yangtze River makes inaugural US-China flight