The Cathay Group announced its annual results for the year 2024, showcasing a solid financial performance driven by stronger cargo demand, higher passenger volumes, lower fuel price and higher cost efficiencies compared with the previous year. The Cathay Group reported an attributable profit of HK$9.9 billion in 2024, which compares with a profit of HK$9.8 billion in 2023. The Cathay Group’s airlines and subsidiaries, excluding exceptional items, reported an attributable profit of HK$8.8 … [Read more...] about The Cathay Group announces 2024 annual results
transpacific air cargo
DHL Express Hong Kong becomes the Official Partner of Kai Tak Sports Park
DHL Express, the world’s leading international express service provider, has been appointed as the Official Partner of the newly opened Kai Tak Sports Park (KTSP). The partnership demonstrates both organizations’ mutual commitment to bringing world-class mega events to Hong Kong, further strengthening the city’s position as Asia’s Event Capital. Through this partnership, DHL will support KTSP in welcoming a variety of international, large-scale sports and entertainment events to Hong Kong. This … [Read more...] about DHL Express Hong Kong becomes the Official Partner of Kai Tak Sports Park
Air Charter Service announces Andreas Spies as new head of time critical services
Leading aviation specialist, Air Charter Service, has announced that Andreas Spies has become the new CEO of the company’s time critical services in EMEA and APAC, based out of their Frankfurt office. Dan Morgan-Evans, Group Cargo Director for ACS Time Critical’s parent company, Air Charter Service, commented: “Andreas joined us seven years ago after more than a decade of onboard courier experience and has helped to build up the team to the size it is today. His leadership and qualities have … [Read more...] about Air Charter Service announces Andreas Spies as new head of time critical services
Hactl secures Hungary Airlines as first new carrier of 2025
Hong Kong Air Cargo Terminals Limited (Hactl) – Hong’s Kong’s largest independent cargo handler - has signed its first carrier of 2025, having won the contract to handle new cargo airline Hungary Airlines. Hungary Airlines has begun scheduled services between its Budapest hub and Hong Kong, using 62 tonne capacity A330F aircraft. Hactl has been appointed to provide a one-stop-shop service for the new Hong Kong flights, covering cargo terminal operations, aircraft loading and unloading, and … [Read more...] about Hactl secures Hungary Airlines as first new carrier of 2025
Embraer Commercial Aviation expands its sales organisation with the Global Leasing and Freighter team
Embraer Commercial Aviation has formed a dedicated Global Leasing and Freighter team as it continues to strengthen its strategic position in the cargo and leasing markets. The new team is based in Amsterdam, a key hub for global aviation, and brings together expertise in E-Jet Passenger to freighter conversions and commercial aviation leasing activities under one unified structure. Oliver Gerg will lead the team and has been appointed Senior Vice President (SVP) Global Leasing and Freighter. … [Read more...] about Embraer Commercial Aviation expands its sales organisation with the Global Leasing and Freighter team
Driving change: DB Schenker supplies Mercedes-Benz with record SAF volume
New high score: The largest single volume order of Sustainable Aviation Fuel (SAF) by a DB Schenker customer has been placed by Mercedes-Benz. The record agreement reduces the global automotive company’s CO2e emissions by 40,000 tons through the procurement of around 13,000 tons of SAF. The biofuel is being accredited towards export air freight shipments from Frankfurt to Beijing and Shanghai. Thorsten Meincke, Global Board Member for Air & Ocean Freight, DB Schenker: “Achieving carbon … [Read more...] about Driving change: DB Schenker supplies Mercedes-Benz with record SAF volume
