ASL Aviation Group has announced that its shareholding in Bangalore-based Quikjet Cargo Airlines through ASL subsidiary Farnair Switzerland AG is to increase to 72.59 per cent. The Foreign Investment Promotion Board (FIPB), which is the relevant agency of the Government of India for all Foreign Direct Investments, has approved Farnair’s application to increase its shareholding. The approval has come just months before the planned start of B737 scheduled domestic cargo services. … [Read more...] about ASL to increase stake in India’s Quikjet
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ASL to increase stake in India's Quikjet
ASL Aviation Group has announced that its shareholding in Bangalore-based Quikjet Cargo Airlines through ASL subsidiary Farnair Switzerland AG is to increase to 72.59 per cent. The Foreign Investment Promotion Board (FIPB), which is the relevant agency of the Government of India for all Foreign Direct Investments, has approved Farnair’s application to increase its shareholding. The approval has come just months before the planned start of B737 scheduled domestic cargo services. … [Read more...] about ASL to increase stake in India's Quikjet
XPO Logistics to buy Norbert Dentressangle
XPO Logistics is set to buy a majority interest in France-based logistics company Norbert Dentressangle and launch a tender offer for the remaining shares. Headquartered in Lyon, Norbert Dentressangle has 662 locations and approximately 42,350 employees. In a statement released on 28 April, XPO said that Norbert Dentressangle’s transportation and logistics services complement XPO’s offerings in contract logistics, freight brokerage and global forwarding. The total … [Read more...] about XPO Logistics to buy Norbert Dentressangle
Royal Jordanian appoints CEO
Flag carrier Royal Jordanian has appointed Captain Haitham Misto as the airline’s president and CEO. Since October 26, 2014, he has been serving as acting president/CEO, according to a release. Suleiman Al Hafez, chairman of the Royal Jordanian board of directors, conveyed the board’s trust in Misto’s capability to lead the airline in the coming period, in addition to his competency to implement the company’s strategic plan to enable it to overcome the challenges … [Read more...] about Royal Jordanian appoints CEO
October cargo on the up, says IATA
The International Air Transport Association (IATA) released October data for global air freight markets showing that the strong performance of air cargo in recent months is continuing. Demand, measured in freight tonne kilometers (FTK), rose 5.4 per cent in October compared to October 2013. This out-stripped capacity which grew by 4.4 per cent. Compared to September demand grew by 0.7 per cent bringing freight volumes to a new record monthly high. The good results reflect the improvements in … [Read more...] about October cargo on the up, says IATA
Cosco Wins US$30M Livestock Carrier Contract
Singapore-based Cosco Group has through its subsidiary Cosco (Guangdong) Shipyard Co., Ltd., secured a contract worth US$30 million to build one 4,500 square metre livestock carrier for an unnamed European client. The vessel is scheduled for delivery in the second quarter of 2016. Additionally, the ship owner has an option to contract Cosco to construct a vessel of similar characteristics within six months. … [Read more...] about Cosco Wins US$30M Livestock Carrier Contract
