Asia – Page 80
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China's HNA close to buying Swissport, says Bloomberg
China’s HNA Group Co is in talks to acquire airport handler Swissport International, according to the Bloomberg news agency, citing “people familiar with the matter”.Swissport’s private-equity owner PAI Partners SAS is seeking about $3bn from a sale, claimed Bloomberg, adding: “Negotiations could still fall apart, as the two parties have ...
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Cathay Pacific sees weakening demand hit load factors
Cathay Pacific and Dragon Air saw air cargo load factors weaken in June as “sporadic” demand out of mainland China conspired with capacity additions to push down utilisation levels. The Hong Kong-based carriers saw volumes in June increase by 2.3% against last year to 836m revenue tonne kms. While it ...
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IAG hopes to build Kuala Lumpur as fourth Asian hub
IAG Cargo is looking to develop Kuala Lumpur as a fourth Asian hub, alongside Hong Kong, Bangkok and Singapore, after British Airways restored a direct service from London in May.Extraordinarily for a member country of the UK Commonwealth with long colonial ties, BA suspended services to Malaysia in 2001, leaving ...
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Airports clean up their act with carbon accreditation
The number of airports that have achieved Airport Carbon Accredited status has increased by 22% during the last year.Figures released by Airports Council International show that a total of 125 airports in 40 countries have now achieved accreditation through the organisation's programme, with 26 locations becoming Carbon Accredited since June ...
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Two more freighters for China Southern
China Southern has added two more freighters to its fleet as it continues to expand routes and frequencies from its Guangzhou hub.The Chinese airline received the two B777 freighters on June 27 and said they will be put into operation in the early part of this month.They will operate on ...
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Airfreight demand growth "comes off the boil" in May
Cargo demand growth “came off the boil” in May, while capacity additions have resulted in a further weakening of load factors.Figures from the International Air Transport Association show that demand growth in freight tonne km terms increased 2.1% year on year in May, which is the slowest growth rate recorded ...
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CAAC denies Chinese cargo carrier merger remarks
The Civil Aviation Authority of China has denied remarks attributed to it that suggest the country’s leading air cargo carriers are set to merge.Yesterday, news agency Reuters carried reports suggesting that China's Civil Aviation Administration deputy director Zhou Laizhen had said that Air China Cargo, China Cargo Airlines and China ...
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Load factors slide in Asia as west coast effect eases
The improvement in US west coast port performance resulted in a growth slowdown for Asian airlines in May, while load factors remain below the average for the year so far and are also below last year’s level.The latest figures from the Association of Asia Pacific Airlines (AAPA) showed that Asian ...
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Chinese cargo carriers set for merger?
Update: Three of China’s largest cargo airlines look set to merge in a move that would form Asia’s largest airfreight carrier.According to Reuters, China's Civil Aviation Administration deputy director Zhou Laizhen said on Wednesday night that Air China Cargo, China Cargo Airlines and China Southern Cargo were exploring merger options.No ...
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Saudi launches Shanghai Delhi freighter link
Saudi Airlines Cargo has launched a direct twice weekly B747-400F service between Shanghai and New Delhi as part of the airline’s continued expansion strategy.The Middle East carrier’s regional director Far East, Vikram Vohra, said that the direct service was specifically designed for customers in both cities in order to fulfill ...
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Ten more years for Hactl franchise
Hong Kong Air Cargo Terminals Limited (Hactl) has signed a 10-year extension of its handling franchise at the airport. The new agreement with Hong Kong’s Airport Authority runs from July 2018, when the current franchise expires.Hong Kong’s largest cargo handling agent said that the signing of the new agreement is ...
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Virgin Australia Cargo launch
Virgin Australia Cargo will launch in July, a move that will, the carrier said, “dramatically change the competitive dynamics of the air cargo market in Australia”.The carrier's existing exclusive arrangement with Toll Group will cease at the end of this month, but Virgin Australia will continue its partnership with Virgin ...
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B757 conversion quartet heading for SF Express
US-based Precision Aircraft Solutions is to convert four B757 passenger aircraft into freighters for China’s SF Express Co, the Shenzhen-based logistics specialist and courier.“We are thrilled to put the Precision capabilities to work for SF Express as it further develops its 757 fleet,” said Precision president Gary Warner.The aircraft were ...
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A320/A321 conversion programme launched
Singapore Technologies Aerospace (ST Aerospace) has signed collaboration agreements with Airbus and the Airbus subsidiary Elbe Flugzeugwerke GmbH (EFW) to launch the A320/A321 passenger-to-freighter (P2F) conversion programme.This follows a similar collaboration for the A330 P2F programme launched in 2013. Under the new agreements, ST Aerospace will lead the A320/A321 P2F ...
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Air cargo volume growth slows in April
Airfreight volume growth at airports began to slow in April as gains from the US west coast port strikes and the Chinese New Year effect began to tail off.Figures released by Airports Council International (ACI) show that airports experienced “moderate growth” in April as volumes increased by 3.3% year on ...
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Saudia launches new Indian freighter service
Saudia Cargo has launched a new freighter service between Delhi, Riyadh and its home base Jeddah, as the Indian city continues to grow in importance for the airline.The twice-a-week service utilises a 747-400 freighter and departs from Delhi every Thursday and Saturday.Delhi has over the years become a key market ...
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EVA commits to five B777 freighters
EVA Airways has a commitment to purchase five B777 freighters, the first of this type to enter the Taiwanese carrier’s cargo fleet, in a list price deal valued at more than $1.5bn.According to its website, EVA currently has a fleet of eight B747-400F and six MD-11Fs."EVA Airways has been a ...
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Aparo takes new role at FPS
Famous Pacific Shipping Group (FPS) has appointed Sam Aparo as the new advisory board chairman of the independent network of forwarders and consolidators.Aparo replaces FPS Group founder Benny Ling, who has taken early retirement on health grounds.Said Aparo: “I am delighted to take on this important role, although I would ...
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Jet Airways defers plan to wet-lease Etihad freighter
India’s Jet Airways has “deferred indefinitely” plans for a dedicated freighter operation using an A330-200F aircraft wet-leased from its strategic-partner, Etihad Airways.A Jet Airways' statement said: “The launch of dedicated freighter operations by Jet Airways has been deferred indefinitely due to commercial and operational reasons.“Internal processes and framework are in ...
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Mixed May for Cathay Pacific and Eva Air
Asian airlines Cathay Pacific and Eva Air recorded mixed performance in May, with the Hong Kong headquartered carrier recording a decline in load factors despite increased volumes, while the Taiwanese airline maintained its load factors as volumes decreased.The combined Cathay and Dragonair figures for May revealed that the airlines recorded ...