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Temasek invests US$300m in Hong Kong's LF Logistics
Singapore's state investment company, Temasek Holdings has invested US$300 million for a 21.7% stake in Hong Kong-based global supply chain giant Li & Fung's logistics business. The Temasek...
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Eastern Air Logistics files for IPO to raise US$348m
Eastern Air Logistics, the logistics arm of state-owned China Eastern Airlines, has filed for an initial public offering (IPO) with domestic securities regulators to raise more than 2.4 billion yuan...
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Indian government orders fraud probe into Jet Airways
The Indian government has ordered a probe by the Serious Fraud Investigation Office (SFIO) into the affairs of Indian carrier Jet Airways and its group companies, after finding instances of fund...
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Air India back on the Sale List
A seemingly never-ending story! After quite a few failed attempts to sell off Air India, The country’s government body is now said to have put the carrier back on the “for sale” list. This move...
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Exclusive – Customs Brokerage on the way to equal Air & Ocean Trade in...
The proliferation of regulation and compliance will be one of the greatest challenges for the air cargo market and freight forwarding as a whole, says Eric Martin-Neuville Executive VP Freight...
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MUC is bucking the trend, says Lufthansa Cargo
The freight carrier’s volumes handled at Munich Airport are growing, despite the general contraction of tonnage flown on board its fleet. It’s the high attractiveness of the local Bavarian market that...
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SHORT SHOTS
IN BRIEF - THE LATEST AIR CARGO INDUSTRY NEWS EL AL ceases B747F operationsEL AL Israel Airlines which has been operating B747-400 freighter services since 2010 has decided to phase out the aircraft...
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Will 2019 be a bad year for Air Cargo?
Fleet cutbacks, cost saving initiatives, staff redundancies and other issues have been widely reported for the air cargo industry during the past few months. Figures to-date show a continuing decline...
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Amsterdam may get more space to grow
The Dutch government is considering a modest increase of aircraft movements at Schiphol Airport beyond 2020 as part of its updated aviation policy. Cargo carriers could benefit should more landing...
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Australia Post opens new parcel facility to meet e-commerce growth
The largest parcel facility and delivery centre in the southern hemisphere is set to start operations in October when Australia Post opens its new Redbank facility in Queensland, which will be able to...
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Air Asia eyes higher cargo revenues with EasyParcel investment
AirAsia’s cargo and logistics arm Teleport - previously known as RedCargo - and leading venture capital firm Gobi Partners have invested US$10.6 million in EasyParcel, a regional e-commerce and parcel...
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India eyes roadshows to sell Air India
India is considering inviting expressions of interest to sell national carrier Air India by the end of next month as the government aims to complete the transaction this year. It will conduct...
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Branson warns on hard Brexit consequences
In another three months we’ll know whether the United Kingdom will have struck a final deal with the EU or whether they’ll force a so called “hard Brexit.“ The latter, despite soothing words from some...
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Exclusive - Freight carriers face tough times in Mexico
The Central American country’s economic development has come to a near standstill, negatively impacting the entire industry including cargo carriers serving the country. This worrisome racehorse to...
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CHAMP project “Cargo Connectivity” is nearing its final stage
Luxembourg-based IT solutions provider CHAMP Cargosystems is developing technical means guaranteeing users full visibility of air freight along the entire supply chain. Core piece of the future scheme...
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SHORT SHOTS
IN BRIEF - THE LATEST AIR CARGO INDUSTRY NEWS Volvo cars are loaded on board a freight train – credit: Altman Volvo joins freight trains transport from China In July the first train with Volvo cars...
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Hapag-Lloyd launches two new services
A new Express shipping Service connecting South-East India And Europe, dubbed IEX – will start operations next October. So will an additional Africa service, called MIAX, linking the Arabian Gulf,...
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Harald Zielinski is back on (a vessel’s) deck
Being on guard duty during the best season of the year is not a desire media folks really stand in line for. But particularly this applies to journalists whose kids are not yet or no longer required...
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LGG reaches out to start-ups for driving cargo innovations forward
In a 10-day event Liege Airport hopes to bring the air cargo industry together in an Innovation Lab & Summit labelled ‘we cargo’. The idea is to invite start-ups to come forward with new concepts...
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Leipzig Airport - Gearing up for the future
Once termed as a secondary airport, Leipzig Halle (LEJ) has step by step moved itself up in the league of the big cargo airports. It’s now not only DHL, which is the airport’s main customer, but also...
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