Vietjet and Carlyle Group, a US-based financial firm, have signed an aircraft financing agreement worth US$550 million during the official visit of the US President Joe Biden to Vietnam. The agreement will see Carlyle Aviation Partners, a subsidiary of the Carlyle Group, finance the 200-aircraft order announced earlier between Vietjet and Boeing. The order is considered one of the largest commercial contracts to date and one that contributes greatly to the trade balance between Vietnam and … [Read more...] about Vietjet signs $550m funding deal for aircraft order
e-commerce logistics
Kuehne+Nagel unveils newly expanded facility in Chicago
Kuehne+Nagel has unveiled the latest expansion project in its Chicago facility, with a new GxP compliant area to support the pharma and healthcare sector. The logistics player has added 21,000 square feet of temperature-controlled space at its facility, which features separate areas to support climate requirements from +2°C to +25°C, specifically designed for healthcare operations. The opening follows the company’s move from Elk Grove Village to Bensenville in Illinois earlier this year, … [Read more...] about Kuehne+Nagel unveils newly expanded facility in Chicago
Air Astana inaugurates new flight training centre
Air Astana officially commissioned its new flight training centre at Astana International Airport on 8 September, becoming the first training facility in Central Asia to be certified by the European Aviation Safety Agency (EASA). The new training centre is equipped with the latest generation flight simulators that meet international standards, and over 500 pilots from the airline will undertake training at the new facility, which will be open round the clock. Air Astana said the centre is … [Read more...] about Air Astana inaugurates new flight training centre
Unilode wins 5-year contract with Uzbek startup carrier
My Freighter, a start-up cargo airline based in Uzbekistan, has selected Unilode Aviation Solutions to provide the carrier with ULD management services over the next five years. The 5-year contract will will cover ULD supply, maintenance, repair, tracking and monitoring services. Unilode initially provide 600 digitised pallets from its ULD pool, with expectations of growing the business over the next five years. My Freighter operates scheduled and charter cargo flights between Asia and … [Read more...] about Unilode wins 5-year contract with Uzbek startup carrier
Hellmann targets Italian logistics with partner acquisition
Hellmann Worldwide Logistics contintues its expansion strategy in the European market and has its eyes set on integrating Italian subsidiary Hellmann Worldwide Logistics S.p.A. otherwise known as Hellmann Italy. The Milan-based company, which employs approximately 70 people at six locations, has been providing sea- and airfreight services in Italy since 2006. Hellmann said the acquisition marks the company's entry into this important European not only complete its network in the central … [Read more...] about Hellmann targets Italian logistics with partner acquisition
AfA gains new European airline member in Icelandair
The Airforwarders Association (AfA) has welcomed new airline member Icelandair Cargo to its 200-strong member base, as the association focuses on extending its membership to include Europe-based companies with a US office. The move comes as the carrier embarks on the strategic expansion of its cargo network in the US, adding dedicated freighters to multiple cities in North America as of September, from Liege, in Belgium, via Keflavik. “As Icelandair Cargo enters the airfreight market in … [Read more...] about AfA gains new European airline member in Icelandair