Region – Page 202
-
News
UPS partners with drone project for healthcare supply chains in Rwanda
UPS has formed a partnership with medical alliance Gavi and robotics firm Zipline to explore the use of unmanned aircraft to deliver vaccines to remote locations in Rwanda.The UPS Foundation has awarded an $800,000 grant to support the launch of the Gavi and Zipline initiative, with the belief that the ...
-
News
Qatar ups stake in IAG to 15.01%
Qatar Airways has raised further its stake in British Airways-owner International Consolidated Airlines Group (IAG) to 15.01% and may consider acquiring more of the company over time, the airline told Reuters.Less than a month ago Qatar Airways raised its stake in IAG to just under 12% from 9.99%.Speaking at a ...
-
News
FedEx offer for TNT gains unconditional acceptance
FedEx's offer for TNT shares has been unconditionally accepted with the deal now set to be completed on May 25.This morning the two companies declared that 88.4% of all TNT shares had been tendered and accepted with all offer conditions satisfied or waived.“We are pleased with the outcome of the ...
-
News
YTO Express Airlines reveals international ambitions
Recently launched YTO Express Airlines has revealed the extent of its global ambitions after its chairman unveiled plans for widebody freighter orders that will be used to create international services.Chairman of express firm YTO, Yu Weijiao, told China Daily that the airline would order at least three widebody freighters for ...
-
News
Tough times continue for SIA Cargo as it records operating loss
SIA Cargo saw full-year operating losses deepen during its last financial year as tough market conditions weighed down performance.During the financial year ended March 31, the Singapore-based airline recorded an operating loss of S$50m compared with a S$22m loss during the same period 12 months earlier.SIA Cargo said its operating ...
-
NewsCargo crime group calls for law enforcement to provide more data
The Transported Asset Protection Association (TAPA) has called on law enforcement agencies to increase the amount of cargo crime data they share to help the logistics and transport industry reduce incidents of theft.TAPA said if law enforcement agencies share extra crime data its members would be able to utilise this ...
-
News
Envirotainer adds new Delhi station as India's pharma industry takes off
Envirotainer has opened a new ULD station in Delhi to expand the number of facilities to a total of 57 and take advantage of India's growing pharmaceutical industry.“India is a world player in generic drugs manufacturers and API supplier for decades,” said Suat Toh, head of sales Asia Pacific region.“With ...
-
News
TNT tenders shares as next step in takeover by FedEx
TNT Express has tendered 88.4% of its shares for acceptance as part of its proposed takeover by FedEx.The Netherlands-based express firm will announce whether shareholders have unconditionally accepted the offer by no later than May 19.The move comes after China gave its approval for the FedEx-TNT deal in late April.With ...
-
News
Hong Kong sees 'slight growth' in April's cargo volumes
Hong Kong International Airport (HKIA) recorded a “slight growth” in cargo volume during April, up by 1.2% on the same month 2015 to 365,000 tonnes.A spokesman for the number one air cargo hub said: “The growth in cargo throughput last month was mainly attributed to a 10% year-on-year growth in ...
-
NewsEuropean monthly: A new hope as European airlines return to growth
Europe’s major cargo carriers have seen cargo volumes return to growth in April after a difficult start to the year.All four major European airlines monitored in the Air Cargo News monthly spotlight recorded a year on year increase in demand in April for the first time since March 2014.It follows ...
-
News
Pelican picks Singapore for Asian HQ
Pelican BioThermal, a provider of temperature-controlled packaging solutions for the life sciences industry, has opened a new Asia headquarters in Singapore.The location will be the central base for the company’s Asia sales office, Credo on Demand rental fleet depot and be the regional distribution hub for their Credo reusable and ...
-
News
DSV's UTi acquisition sees airfreight soar but profits take a hit
DSV Air & Sea has recorded drastically improved airfreight volumes as its latest acquisition, UTi, is included in its opening quarter results for the first time.During the first quarter of the year, DSV, which recently won the Air Cargo News forwarder of the year award, saw airfreight volumes increase by ...
-
News
April surge for Frankfurt cargo volumes
Frankfurt Airport has returned to cargo volume growth for the first time in the current business year with a 5% surge in April to 181,948 tonnes.Europe’s number one hub by cargo throughput said that Far East traffic was the main growth driver last month, with cargo tonnage to/from this region ...
-
News
Reports suggest HNA could invest in CWT Logistics stake
Chinese conglomerate HNA could be about to expand its freight business as reports suggest it is set to launch a bid to take a controlling interest in CWT Logistics.Reports emerged last week that HNA, which has stakes in several airlines, including Hainan Airlines and Tianjin Airlines, and logistics businesses, is ...
-
News
Liege opens first class lounge for four-legged VIPs
Liege Airport has officially opened a ‘Horse Inn’ for travelling equines, aiming to tap into growing demand for purpose-built resting and loading areas.The €2.6m facility will cater for all horses in transit at the Belgian gateway, whether by air or road.Liege Airport is also sponsoring top Belgian show jumper and ...
-
News
Parma to be Etihad cargo hub
Etihad Airways has signed an exclusive agreement to develop cargo traffic at Parma airport in central Italy.The deal initially includes setting a transit centre at Parma Giuseppe Verdi to receive cargo for forwarding to Milan Malpensa Airport for onward transport.The new hub will feed traffic to and from flights operated ...
-
News
Air New Zealand agrees to $35m in US air cargo cartel payout
Air New Zealand is the latest airline to reach a settlement with plaintiffs in the ongoing air cargo cartel lawsuit in the US.On Sunday, lawfirm Kaplan Fox & Kilsheimer (KFK) announced that the airline had reached a $35m settlement, subject to court approval, pushing the total amount raised through agreements ...
-
News
Saudia Cargo and Virgin Atlantic Cargo to expand partnership in the US
Saudi Airlines Cargo is hoping to expand its presence in the US through a new partnership with Virgin Atlantic Cargo.The deal will see Saudia Cargo offer its customers space on Virgin Atlantic Airlines flights in the US, particularly for cargo that requires special attention, such as flowers, fruit and seafood.Saudia ...
-
News
LCI leases freighters to Turkish operator
LCI, the aviation leasing arm of the Libra Group, has increased its fleet of dedicated maindeck freighter aircraft.Two additional Boeing 747-400F aircraft are now flying for Qatar Airways and Saudia, Saudi Arabian Airlines, and are being operated by ACT Airlines, known as myCARGO Airlines, the Turkish wet-lease operator.The two Pratt ...
-
News
UK forwarders latest to urge action on runway decision
UK forwarder association the British International Freight Association (BIFA) has backed a Transport Committee report urging the government to make a decision over airport expansion.BIFA director general Robert Keen said that the 1,500 companies within BIFA share the Transport Committee’s belief that the delay risks damaging UK economic growth by ...