JD.com, China's number 2 e-commerce company, has filed the draft prospectus to list its logistics unit with the Hong Kong’s stock exchange. A timing for the IPO was not disclosed but according to reports the company is eyeing to raise at least US$4 billion. Late last year, the company got $4.5 billion in June via a secondary listing and listed its online healthcare unit JD Health International Inc. and raised over $3.4 billion. It expects $40 billion valuation for JD Logistics. If … [Read more...] about JD Logistics IPO in Hong Kong moves back on track
cargo aviation
Ethiopian Cargo recognised for 2020 volume in Guangzhou
Ethiopian Airlines Group was honoured for its cargo performance in 2020 at Guangzhou Baiyun International Airport (CAN). The Logistics of Guangdong Airport Authority handed the award during the 2021 client seminar held in Guangzhou. Last year, the airline loaded cargo on 1,622 flights. Flying 966 cargo flights on freighters, 572 on preighters (passenger aircraft converted to cargo), and 84 passenger flights loaded on the belly hold. Also read: Alibaba’s Cainiao taps Ethiopian Cargo to move … [Read more...] about Ethiopian Cargo recognised for 2020 volume in Guangzhou
IAI, Incheon Airport to establish B777P2F conversion facility
Israel Aerospace Industries' (IAI) Aviation Group has signed a memorandum of agreement (MoA) with Incheon International Airport and MRO services provider Sharp Technics K to establish a passenger-to-freighter (P2F) conversion site for the B777-ERSF (Big Twin) in South Korea. Under the agreement, IAI will convert six B777-300ER and B777-200LR per year, starting in 2024. The conversion specialist forecasts more P2F facilities being established given the expected rise in demand for wide-body … [Read more...] about IAI, Incheon Airport to establish B777P2F conversion facility
Airlines, stakeholders discuss future on sustainable fuel
When then-16-year-old Greta Thunberg sailed to North America to avoid flying and attended the UN Climate Action Summit, perhaps everyone at that summit knew it was time to take action on sustainability, with every move under the watchful eye of the younger generation. Under pressure the aviation industry faces an opportunity to be bolder with its carbon neutral ambitions, and out of the emerging technologies the one that emerged to fill the gap is sustainable aviation fuel. So what do we do … [Read more...] about Airlines, stakeholders discuss future on sustainable fuel
Cargo operators, airlines rush to India’s aid
India had a brief break from the rapid spike in daily Covid-19 cases last Saturday as the country logged just below the 400,000 daily average since the start of April. On Sunday, however, it saw a record 3,689 deaths, amidst hospitals filled to capacity, a shortage in oxygen supplies and swamped morgues and crematoriums. Starting last week, the world’s airlines have been responding to the country’s health crisis by bringing in much needed relief supplies, with some waiving delivery fees for … [Read more...] about Cargo operators, airlines rush to India’s aid
SIA raises $1.5b on A350, B787 leaseback deals
Singapore Airlines has completed sale-and-leaseback transactions for 11 widebody aircraft, comprising seven A350-900s and four B787-10s, raising S$2b or US$1.5b in the process. Arranging the leases are Aergo Capital with one apiece; Altavair for four A350-900s; EastMerchant/Crianza Aviation for one A350-9 and two B787-10s; and Muzinic and Co. Limited with one apiece. Also read: dnata earns IATA’s CEIV Fresh certification in Singapore The flag carrier has raised around S$15.4b in fresh … [Read more...] about SIA raises $1.5b on A350, B787 leaseback deals
