All Asia articles – Page 73
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News
Toll records revenue and operating income declines
Freight forwarder Toll has seen revenues and operating profits decline since its takeover by Japan Post last year.The Japan Post Group, which is reportedly interested in the purchase of DHL Global Forwarding, released its results for the nine month period until the end of December.Its international logistics business, which is ...
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Cargo partly to blame for low profitability at Asian carriers
Cargo is one of the main reasons carriers based in Asia continue to suffer from lower profitability levels than competitors from most other regions of the world.Speaking at the Singapore Airshow Aviation Summit, IATA chief executive and chairman Tony Tyler said the overall airline industry was expected to return profits ...
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Chinese express airlines looking to continue e-commerce fuelled expansion
Fast expanding Chinese express carriers YTO Express Airlines and SF Airlines have applied to add extra routes from the country’s capital as they look to capitalise on the growing domestic e-commerce market.Recently launched YTO has applied to the Civil Aviation Administration of China to operate a cargo service between its ...
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First to market race heats up for A320/321 conversion programme
PACAVI Group and Guangzhou Aircraft Maintenance Engineering Co (GAMECO) said that they are on track in being "first to market" with their joint Airbus A320/A321 passenger-to-freighter (P2F) conversion programme in 2017.They face competition from the joint venture between Singapore Technologies Aerospace (ST Aerospace) and Dresden-based Elbe Flugzeugwerke (EFW) to launch ...
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Vote for your Cargo Airline of the Year
Voting is now open for Air Cargo News’ 32nd annual Cargo Airline of the Year awards. You can vote for carriers to specific regions and your favourite all-cargo airline. The 2015 categories are:Best Cargo Airline to/from: Africa, Americas, Asia/Pacific, Europe & Middle East, All-Cargo Airline and the Cargo Airline of ...
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SIA Cargo Q3 profits down despite demand jump
Singapore Airlines Cargo saw operating profits decline in its fiscal third quarter despite an increase in demand.SIA Cargo recorded an operating profit of S$2m during the October-December period compared with a S$17m profit during the same period in 2014.It said the decline was down to yields declining by 13.5% as ...
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TPP trade deal signing welcomed by UPS
UPS has welcomed the eventual signing of the Trans-Pacific Partnership (TPP) free trade agreement but commentators have warned that there are years of negotiations ahead.Earlier today 12 nations - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam – signed up to the TPP ...
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Hong Kong's Hactl links up with local inland terminal operator
Hong Kong-based airport ground handling group Hactl is developing logistics links around the world’s number one airfreight hub after signing a memorandam of understanding (MoU) with Chu Kong Shipping Enterprises (CKS), a local ferry and inland terminal operator.Hactl Development Holdings Ltd (HDHL) – the business development arm of the Hactl ...
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Air China Cargo to launch cold chain product this year
Air China Cargo has revealed plans to launch a cold chain product this year and is leasing ULDs from Envirotainer to support its expansion in the temperature controlled market.The fast-growing Asian airline plans to roll out a cold chain product this spring with further network expansion planned in 2016 based ...
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Fiji Airways renews ULD contract with CHEP
Fiji Airways has renewed its ULD management contract with CHEP Aerospace Solutions as it looks to increase its use of lightweight containers.As part of the new contract, CHEP will introduce new lightweight containers from its 80,000 pool of assets to support Fiji Airways in reducing fuel costs and lowering their ...
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ST Aerospace completes 55% ownership of EFW freighter conversion specialist
Singapore Technologies Aerospace (ST Aerospace) has taken an additional 20% equity interest in Elbe Flugzeugwerke (EFW), the Germany-based passenger to freighter (P2F) conversion arm of plane maker Airbus.The investment, first announced in June 2015, was completed following the receipt of regulatory approvals and "fulfilment of customary conditions precedent".Dresden-based EFW now ...
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Aircraft orders monthly: Iran Air and Gulf Air with busy start to the year
Agreements for 118 new aircraft for Iran AirIran Air has signed an agreement with Airbus for the acquisition of the full range of new Airbus airliners (73 widebodies and 45 single aisle).This includes pilot and maintenance training and support services to help the entry into service and efficient operations of ...
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Next steps for Cargolux China
European all-cargo carrier Cargolux has moved on to the next stage of launching Cargolux China, a Zhengzhou-based freighter airline which looks set for take-off by the first quarter of 2017.The Luxembourg-based carrier’s president and chief executive, Dirk Reich, said that the next few weeks will involve garnering approval from the ...
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Dragonair rebrands, while Cathay alters expansion plans and suffers delivery delays
The Cathay Pacific Group has announced it will rebrand its Dragonair airline, while reports circulate that the delivery of its new A350s will be delayed and it is scaling back expansion plans.This morning, the Hong Kong-headquartered company announced that it would rebrand Dragonair as Cathay Dragon.“By more closely aligning the ...
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JAL temperature controlled services boost Q3 air cargo demand
Japanese airline JAL saw an increase in air cargo volumes during the first three quarters of its fiscal year, but this was not enough to stop revenues declining.JAL recorded a 4.3% year-on-year drop in cargo revenues during the April-December period to ¥60.4bn with the Japanese company blaming declines in fuel ...
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Qatar Marches on with freighter routes to Budapest, Prague and Ho Chi Minh
Qatar Airways Cargo will launch A330F freighter routes to Budapest, Prague and Ho Chi Minh in March, filling a “definite gap in the market” and increasing the Middle East airline’s freighter destinations in Europe to 14 and in Asia/Pacific to six.An Airbus freighter will fly twice a week from Qatar ...
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'Marginal' 2015 cargo growth for Asia Pacific airlines
Asian Pacific airlines saw a “marginal increase” in cargo markets during 2015, while passenger traffic recorded “robust growth”.Preliminary full year 2015 traffic figures released by the Association of Asia Pacific Airlines (AAPA) saw international air cargo demand, measured in freight tonne km (FTK), register a 1.6% increase for the year, ...
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Cathay freighter showcases new livery
Cathay Pacific has revealed its first freighter showcasing the airline’s brand new livery.The freshly painted freighter, a Boeing 747-400ERF (Extended Range Freighter) arrived in Hong Kong from the HAECO facility in Xiamen.The new livery comprises three key design elements: the incorporation of the updated and streamlined brushwing; a simplification of ...
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Aramex buys Fastway Couriers in New Zealand
Dubai-based logistics operator Aramex has expanded its footprint in the Asia-Pacific region with the 100% acquisition of Fastway Couriers in New Zealand for NZ$125m.Established in 1983, Fastway Couriers' global network includes 63 regional depots and 1,500 courier franchisees across Australia, New Zealand, Ireland, Northern Ireland and South Africa. With more ...
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Romanian artefacts flown from Bucharest to Beijing
Air Partner, working on behalf of TNT Romania, helped deliver a cargo of 445 treasured Romanian artefacts to China.The shipment was flown from Bucharest Otopeni airport to Beijing on a B777 freighter operated by Emirates. Due to the nature of the cargo, all flight clearances had to be secured through ...