Parcel delivery firm SF Holding is set to acquire a majority stake of Kerry Logistics as it aims to improve its international logistics capacity in a proposed ‘strategic investment and cooperation’ between the two companies, a press release confirmed. The proposed takeover will see the Chinese courier take a 51.8 percent stake in Kerry Logistics at HK$18.8 (US$2.43) per share, with the deal valued at US$2.3 billion. News broke of a potential deal last week as trading for both companies was … [Read more...] about SF Holding takes over Kerry Logistics in $2.3b deal
SF Airlines
New air cargo route links Changsha to Osaka
A new air cargo route between Changsha (capital of Hunan province) and Osaka in Japan was launched on 17 November using a Boeing 757 freighter operated by Chinese cargo carrier SF Airlines, according to Xinhua News. The maiden flight carried mainly electronic components, clothing and lithium batteries. The service has a load capacity of 25 tonnes and is scheduled five times a week. Yang Li, head of the logistics office of the Changsha municipal government, said this was the first time that … [Read more...] about New air cargo route links Changsha to Osaka
Boeing Shanghai signs maintenance agreement with SF Airlines
Boeing Shanghai Aviation Services Co., Ltd., (Boeing Shanghai) announced the signing of a maintenance agreement with Chinese-based SF Airlines Co. Ltd (SF Airlines) for its Boeing Classic 737 and 767-300 freighters. With this contract, Boeing Shanghai has made a major step forward to expand its aircraft maintenance services in the fast-growing Chinese cargo market. “SF Airlines’ long-term development strategy requires the highest world standard aircraft maintenance services to … [Read more...] about Boeing Shanghai signs maintenance agreement with SF Airlines
China’s lastest cargo carrier gets green light
Guangzhou-based China Air Cargo has provisionally secured its Air Operator's Certificate (AOC) from the Civil Aviation Administration of China (CAAC). The CAAC announced its decision on 7 November saying that once all formalities are completed, the cargo carrier will be able to operate domestic Chinese (including Hong Kong, Macau and Taiwan) as well as international cargo flights. The carrier has been given the green light to induct two B757-200Fs which it converted earlier this year, as … [Read more...] about China’s lastest cargo carrier gets green light
PEMCO redelivers 17th B737 converted aircraft to SF Airlines
Leader in B737 cargo conversions, Pemco World Air Services (PEMCO), has announced the redelivery of another B737-300 passenger-to-freighter converted aircraft to China-based SF Airlines, the air cargo division of S.F. Express. SF Airlines is a leading courier in China providing delivery service to over 15 countries, including the United States. The latest redelivery marks the seventeenth B737-300/400 PEMCO-converted aircraft to SF Airlines. The aircraft modification was performed by partner … [Read more...] about PEMCO redelivers 17th B737 converted aircraft to SF Airlines
SF Express gets CAAC approval on Wuhan air hub
SF Express, the largest private express logistics firm in China, is set to build cargo air hub in central China after an airport site-selection report was approved by Civil Aviation Administration of China (CAAC). A freight airport is expected to be built at the town of Yanji, about 75 km east of Wuhan, the capital of central Hubei province, according to a China Daily report. The choice of the airport in Yanji enables it to cover most of the mainland within one-and-a-half hours of air … [Read more...] about SF Express gets CAAC approval on Wuhan air hub
