All Nippon Airways (ANA) and Lufthansa Cargo AG will launch a strategic air cargo joint venture on routes between Japan and Europe and vice versa. This is the first worldwide cargo joint venture of its kind. ANA has received antitrust immunity, i. e. approval for the joint venture from the Japanese Ministry of Land Infrastructure and Transport after filing for it in spring 2014. In addition, the joint venture has been positively assessed by external counsel for compliance with relevant EU … [Read more...] about Lufthansa, ANA confirm freight JV
joint venture
Royal Brunei sees 20% rise in cargo volumes
Royal Brunei Airlines (RB) reported a 20 per cent growth in its cargo business over the past 12 months following an outsourcing agreement with Air Logistics, according to a report from Centre for Aviation (CAPA). The report quoted RB chief commercial and planning officer Karam Chad as saying that the deal with Air Logistics provided global coverage and delivers guaranteed monthly revenue to the carrier as part of the contract. Air Logistics is a joint venture between the Brunei International … [Read more...] about Royal Brunei sees 20% rise in cargo volumes
UAC-Antonov joint venture in process
The Russian-Ukrainian joint venture UAC-Antonov, which aims to become the main structure to consolidate the aircraft building enterprises of the two countries, will likely be established by 1 October. It will be headed by Yuriy Grudinin, director general of civil subsidiary of UAC. The deputy chief designer of Antonov, Alexander Kiva will be appointed as deputy director general. The joint venture will initially be responsible for marketing of Antonov planes. The joint venture will be based in … [Read more...] about UAC-Antonov joint venture in process
New maintenance training center in Hyderabad
GMR Hyderabad International Airport Ltd., (GHIAL), has signed an agreement with aircraft engine manufacturer, CFM International (CFM), to establish a new CFM56 maintenance training center to support its customers in the South Asian region. CFM International is a 50/50 joint venture between Snecma (SAFRAN Group) of France and General Electric Company (GE) of the US.The training centre, which will commence operations by late January 2010, will be located in the GMR Aerospace Park, being developed … [Read more...] about New maintenance training center in Hyderabad
Nippon Express to cut stake in Japan Post JV
Nippon Express Co said it will reduce its 34 percent equity stake in its parcel delivery service joint venture with Japan Post Service Co to 14 percent and remove it as an equity-method affiliate. The trucking firm said it will sell 20 percent of its shareholding in JP Express Co to Japan Post Service, the mail arm of government-owned Japan Post Holdings Co, Japan Today reported, citing industry sources. The move comes after Japan Post Service said last month it would delay the planned Oct 1 … [Read more...] about Nippon Express to cut stake in Japan Post JV
Hong Kong and Shanghai Airports in new JV
Shanghai Airport Authority (SAA) and Airport Authority Hong Kong (AAHK) signed a cooperation agreement in Shanghai today for the establishment of the Shanghai Hong Kong Airport Management Co., Ltd (JV). The jointventure company is aimed at enhancing collaboration between and further develop the strengths of the airports in Shanghai and Hong Kong, the two said. Shanghai is the first Mainland city to have two international airports. Pudong Airport, an international hub airport with an extensive … [Read more...] about Hong Kong and Shanghai Airports in new JV
