Singapore Airlines has followed the lead of other major airlines by announcing it will end the carriage of shipments of shark fins. "SIA Cargo has been carrying out a thorough review, taking into account the increasing concerns around the world related to shark finning. With effect from August 1, it will no longer accept the carriage of shark fin," Nicholas Ionides, SIA vice-president of public affairs said in an email. The carrier came under increasing pressure from environmental … [Read more...] about Singapore Airlines latest to end shark fin shipments
Cathay Pacific
Cathay sees May cargo jump 14% y-o-y
Cathay Pacific and Dragonair carried 138,448 tonnes of cargo and mail in May, an increase of 13.9 per cent compared to the same month last year. The cargo and mail load factor rose by 1.9 percentage points to 63 per cent. Capacity, measured in available cargo/mail tonne kilometres, rose by 14 per cent while cargo and mail revenue tonne kilometres (RTKs) flown were up by 17.5 per cent. For the year to the end of May, tonnage rose by 7.3 per cent while capacity was up … [Read more...] about Cathay sees May cargo jump 14% y-o-y
Air China sees profits sink 32 per cent
Beijing-based Air China said net profit sank 32 per cent for the full year 2013 to 3.26 billion yuan (US$524.6 million) as revenue per passenger slid and air cargo operations bled from soft demand and overcapacity in the industry. Air China Cargo, in which Cathay Pacific Airways has a 49 per cent stake, continued to suffer from weak demand and overcapacity in the market, reporting losses of 349 million yuan for the period. Cargo yield dropped to 1.57 yuan from 1.69 … [Read more...] about Air China sees profits sink 32 per cent
Swire, Cathay sell stakes in HACTL
Swire Pacific Limited and its Cathay Pacific Airways subsidiary have announced an agreement to sell their entire interests, 19.998 and 10 per cent respectively, in Hong Kong Air Cargo Terminals Limited (HACTL) and HACTL Investment Holdings Limited (HIHL). The interests in HACTL and HIHL are being purchased by existing HACTL and HIHL shareholders, namely Jardine Matheson & Co., Limited, The Wharf (Holdings) Limited, Mosgen Limited (a wholly owned subsidiary of Hutchison Whampoa Limited), … [Read more...] about Swire, Cathay sell stakes in HACTL
Cathay beefs up Miami service
Cathay Pacific is set to add a fourth weekly cargo service to Miami as Asian exports to the US continue to recover. In its first year serving the destination, Cathay carried 13 859 tonnes of cargo into Miami, part of the US$3.5 billion worth of goods shipped from China to Miami last year, according to US trade statistics. … [Read more...] about Cathay beefs up Miami service
New cargo JV for Air China/Cathay
Air China and Hong Kong's Cathay Pacific Airways will jointly set up China's biggest cargo joint venture in Shanghai in early 2010 as the two carriers aim to tap the surging cargo volumes out of Shanghai Pudong. Air China will hold 51 per cent and Cathay Pacific will hold the remainder in the joint venture which will see the two carries contributing 10 B747-400 freighters. … [Read more...] about New cargo JV for Air China/Cathay
