Business – Page 2
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News
UK and Dutch investors await approval to pick up Air Belgium’s freight operations
UK long-haul freight specialist Air One Holdings International and a Dutch firm, Peso Aviation Management, are looking to take over the cargo operations of struggling carrier Air Belgium.The two investors have submitted an offer to a business court which, according to Air Belgium, is set to issue a decision on ...
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NewsTIACA launches two new industry awards
Source: ShutterstockAir cargo association TIACA is launching two new industry awards to recognise industry leaders and rising stars.The Industry Leadership Award will recognise an individual who has been identified by the next generation of air cargo professionals as an inspirational figure who has "demonstrated a profound current impact on the ...
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NewsAir cargo avoids crazy peak season despite continued growth in November
Source: Supakitswn/ shutterstock.comAir cargo demand continued to increase at double-digit percentage levels in November but the industry managed to avoid supply chain chaos despite the rapid growth.The latest figures from data firm Xeneta show that air cargo demand increased by 10% year on year in November, the 13th consecutive month ...
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NewsReports: US approves Korean takeover of Asiana
Source: Thanhliemnguyen/ShutterstockThe US has reportedly approved Korean Air's takeover of Asiana Airlines, meaning the acquisition has now cleared its last regulatory hurdle.South Korea-based Maeil Business Newspaper said that according to industry sources, the US Department of Justice (DOJ) gave the green light for the acquisition on December 2."In the case ...
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NewsTariffs and trade barriers top supply chain leaders' concerns for 2025
Photo: Travel mania/ ShutterstockThe addition of tariffs and trade barriers is the top concern of supply chain leaders, according to a survey of supply chain leaders conducted by software firm Descartes Systems Group.Descartes' 2024 Supply Chain Intelligence Report: Escalating Challenges for Global Supply Chain Leaders found that 48% of respondents ...
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NewsIATA: Air cargo demand robust in October but outlook less positive
Willie Walsh. Photo: IATAAir cargo volumes remained robust in October as traffic was up year on year for the fifteenth consecutive month but the coming 12 months should be viewed with caution, according to IATA.The latest statistics from IATA show that in October demand in cargo tonne km (CTK) terms ...
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NewsEU approves sale of Asiana's cargo business to Air Incheon
Source: Thanhliemnguyen/ShutterstockThe European Commission has approved the sale of Asiana Airlines' cargo business to Air Incheon to enable Korean Air to move closer to acquiring Asiana Airlines.On February 13, the Commission approved the proposed acquisition of Asiana by Korean, but as part of this, Korean had to commit to divesting ...
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Newsdnata is first ground handler in Europe to earn IATA environmental management certification
More than 70% of dnata Netherlands' ground support equipment fleet is powered by electricity or solar energy. Photo: dnataGlobal air and travel services provider dnata has become the first ground handler in Europe to receive the IATA environmental management certification in recognition of its sustainability initiatives.IATA Environmental Assessment (IEnvA) is ...
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NewsNordic Aviation Group files for bankruptcy
Photo: Number1411/ ShutterstockEstonian Nordic Aviation Group has filed for bankruptcy and ceased operations of its two airlines, Nordica and Regional Jet, which is branded as Xfly.The announcement by Nordic follows the decision by potential investor Lars Thuesen, owner of Danish carrier Jettime, to not proceed with a privatisation plan that ...
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NewsSF Holding raises $749m with 'flat' Hong Kong listing
Source: ACN NewswireChinese express giant SF Holding raised $749.3m in a listing on the Hong Kong Stock Exchange that will be used to fund plans to expand internationally.The company, which owns SF Express and SF Airlines, said that through the IPO it aimed to "further promote [its] internationalisation strategy, establish ...
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NewsAir cargo capacity set to come under pressure in 2025
Ryan Keyrouse. Source: RotateNext year could see a lack of air cargo capacity as passenger aircraft additions ease, additional freighters are in short supply and e-commerce demand remains strong.Speaking at the Tiaca Air Cargo Forum last week, Rotate chief executive Ryan Keyrouse highlighted some of the issues the industry could ...
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NewsTIACA announces winners of 2024 Sustainability Awards
Photo: Jaromir Chalabala/ ShutterstockAAT and Alpha Augmented Services are the winners of the International Air Cargo Association (TIACA) Air Cargo Sustainability Awards.The sixth edition of the awards, run in partnership with CHAMP Cargosystems, featured a start-up and small business category and a corporate and established businesses category.AAT won the corporate ...
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NewsThominet joins TIACA board
Adrien Thominet, ECS Group. Source: ECSECS Group chief executive and executive chairman Adrien Thominet has been appointed to serve on the International Air Cargo Association's (TIACA) board of directors.Filling the seat for a global GSA, Thominet brings diverse experience and knowledge to the post. At the start of his career ...
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NewsOIA Global acquires two Australian forwarders
Photo: stockphoto mania/ ShutterstockUS supply chain services company OIA Global is broadening its Australasian and Asia footprint with the acquisition of BTi Logistics and Airmark Ocean & Air Logistics.BTi Logistics is an Australian owned freight forwarding and third party logistics (3PL) company operating in Melbourne, Sydney, Brisbane, Auckland and Singapore. ...
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NewsAir cargo's "wait and see" approach to US tariffs and positive demand outlook for 2025
Source: Air Cargo NewsThe air cargo industry is taking a wait and see approach to the likely impact of potential new US tariffs and stricter regulatory requirements for e-commerce shipments.At the Tiaca Air Cargo Forum industry leader session, panellists were asked their opinion on how the possible implementation of stricter ...
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NewsIATA sees surge in advanced information filing in 2025
Photo: Jaromir Chalabala/ ShutterstockMore countries can be expected to follow the US’s lead in requiring advanced information on shipments arriving from abroad, says IATA in its Cargo Operations 2025 Strategic Priorities Report.The US Air Cargo Advance Screening (ACAS) program was introduced in 2018, and was followed by the European Union’s ...
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NewsATSG swings to a loss in Q3
Image source: ShutterstockAircraft lessor ATSG reported a loss in the third quarter of the year as block hours decreased and costs increased.The company, which is in the process of being bought by investment firm Stonepeak for $3.1bn, saw revenues decline by 9.9% to 471.3m, operating income was down 52.9% to ...
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NewsDouble-digit improvements for revenues and volumes at IAG Cargo in Q3
IAG Cargo shipments loading on aircraft Photo IAG Cargo via Hill+Knowlton StrategiesIAG Cargo enjoyed a bumper performance in the third quarter of the year with cargo revenues and volumes improving on a year earlier thanks to additional capacity and increased demand.The cargo division, which includes the cargo capacity of British ...
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NewsAir France KLM Cargo eyes Asia as performance improves in Q3
Source: Semmick Photo Shutterstock.comAir France KLM Martinair Cargo recorded improvements in cargo volumes, revenues and yield in the third quarter as it benefitted from rising demand out of Asia Pacific.The Franco-Dutch airline group noted a 0.6% increase in overall third-quarter cargo revenues to €561m, while cargo traffic revenues improved ...
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NewsEmirates SkyCargo volumes up 16% in first half
Dubai International. Source: Karol Ciesluk / Shutterstock.comEmirates SkyCargo has reported a rapid increase in volumes in the first half of the year thanks to general market improvements and additional freighters.The freighter operator reported a 16% year-on-year increase in cargo volumes to 1.2m tonnes over its fiscal first half year running ...