Kerry Logistics Network Limited and a syndicate solely led by MUFG Bank Ltd. have signed a five-year HK$1 billion syndicated Sustainability-linked & Social Term Loan Facility. This Facility is a first-of-its-kind ESG-linked syndicated loan structure in the Asia Pacific, validating KLN’s pioneer position in the logistics sector and commitment to Environment, Social and Governance (‘ESG’). MUFG acted as the sole Mandated Lead Arranger, Bookrunner and Underwriter and Sustainability & … [Read more...] about Kerry Logistics Network partners with MUFG Bank in syndicated Sustainability-linked and Social Term Loan of HK$1B
transpacific air cargo
Vienna Airport receives IATA CEIV certification for lithium batteries
New international certification for Vienna Airport: For safety reasons, the handling of air cargo shipments with lithium batteries is subject to particularly high requirements. Vienna International Airport has now received the CEIV certification for lithium batteries from the International Air Transport Association (IATA) for its processes, infrastructure and trained staff. This step underlines Vienna Airport's commitment to meet the growing demand for high-quality handling services for these … [Read more...] about Vienna Airport receives IATA CEIV certification for lithium batteries
Chapman Freeborn conducts movement of Prague National Opera from Finland to Czech Republic
Chapman Freeborn was selected for the return transport of the 185-strong Prague National Opera to the Savonlinna Opera Festival due to its ability to accommodate musicians’ requests for instruments to be walked onto a Boeing 737-800 aircraft. “This kind of charter is often challenging given the delicacy of the orchestra’s instruments and, understandably, members want to be next to them at all the times,” said Annika Eerola, Passenger Sales Manager Nordics, Chapman Freeborn. “Communication … [Read more...] about Chapman Freeborn conducts movement of Prague National Opera from Finland to Czech Republic
Hactl adds MSC Air to its customer portfolio
A new airline name is appearing in Hong Kong, with the imminent arrival of the first official flight of MSC Air Cargo, operated by MSC Air, after the purchase and rebranding of AlisCargo Airlines. The Milan-based carrier – part of the giant Mediterranean Shipping Company (MSC) empire – has chosen Hong Kong’s largest independent ground handler, Hong Kong Air Cargo Terminals Ltd (Hactl), as its service partner. MSC-owned B777 freighters first appeared in Hong Kong in December 2022, with the … [Read more...] about Hactl adds MSC Air to its customer portfolio
IATA World Financial Symposium and World Passenger Symposium: Aligning for the future
The International Air Transport Association (IATA) announced that “Aligning for the Future” is the theme of the joint 2024 IATA World Financial Symposium (WFS) and World Passenger Symposium (WPS). The event takes place on 30-31 October 2024 in Bangkok, Thailand. Thai Airways International Public Company Limited (THAI) is the host airline for the event. The customer is the link between the two symposia which will be jointly held for a second year based on the feedback of attendees. “By … [Read more...] about IATA World Financial Symposium and World Passenger Symposium: Aligning for the future
Ninth straight months of double-digit growth for air cargo in August, says IATA
The International Air Transport Association (IATA) released data for August 2024 global air cargo markets showing continued strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 11.4% compared to August 2023 levels (12.4% for international operations). This is the ninth consecutive month of double-digit year-on-year growth, with overall levels reaching heights not seen since the record peaks of 2021. Capacity, measured in available cargo … [Read more...] about Ninth straight months of double-digit growth for air cargo in August, says IATA