HEADLINE
27 new aircraft leasing units at Gift City
The International Financial Services Centre (IFSC) at Gift City in Gujarat is experiencing a take-off in aircraft leasing activity with the first quarter of 2024 (January-March) witnessing a significant surge, with a remarkable 27 new aircraft leasing units registering at Gift City. This substantial rise in the number of…
Read MoreTonnage and pricing remain elevated
Air cargo tonnages from Central & South America (CSA) continued to surge in the final full week of April, as flower growers, retailers and their logistics providers ship in flowers ahead of upcoming Mother’s Day events in May in North America and other parts of the world, while air…
Read MoreSwissport adds 3rd air cargo centre in Liège, Belgium
Swissport International continues to grow at Liège Airport, Belgium, adding a third air cargo centre at one of Europe’s major gateways for international air cargo. The extension is driven by additional capacity for eCommerce and forwarder handling, expanding the overall capacity by 17 per cent to 27,000 square metres….
Read MoreStrong annual growth endures in global air cargo markets
The International Air Transport Association (IATA) released data for March 2024 global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometres (CTKs), rose by 10.3% compared to March 2023 levels (11.4% for international operations). This is the fourth consecutive month of double-digit…
Read MoreSingapore Airlines taps WebCargo by Freightos to expand booking options in Asia-Pacific’s busiest hubs
WebCargo by Freightos, a leading vendor-neutral booking and payment platform for the international freight industry, has announced that Singapore Airlines’ cargo capacity is now being offered on WebCargo’s platform. This relationship with Singapore Airlines underscores WebCargo’s position as the leading digital platform for the air freight industry, offering its…
Read MorePort Blair’s international airport commences night operations
Following significant upgrades and advancements, the Veer Savarkar International Airport in Port Blair in Andaman and Nicobar Islands has started night operations. On April 18, a private airline was the first to land using the ILS at VSI Airport. The aviation infrastructure at INS Utkrosh in Port Blair has undergone significant advancements, with upgrades that allow the airport to handle both day…
Read MoreMaersk’s air cargo volume up 52 pc in Q1 2024
Maersk’s air freight volume increased by 52 per cent from Q1 2023 and was on par with Q4 2023 at 85,000 tonnes in the first quarter of 2024, which ended on March 31, 2024. In its Q1 2024 financial results, Maersk noted that the improvements in demand resulted from…
Read MoreIAG Cargo expands temperature-controlled perishables facility in Madrid
IAG Cargo, the cargo division of International Airlines Group (IAG), has recently invested €1.5 million into the expansion of its temperature-controlled perishables facility in Madrid, Spain. This forms part of a total €12 million invested in the business’ Spanish hub over the last 6 years. As the first point…
Read MoreFraport to augment Frankfurt hub to cater to projected air cargo growth
Airport operator Fraport is strategically aligning its Frankfurt hub with forecast growth in the air cargo business. Driven by growing global trade, the air cargo industry is expected to further expand over the medium and long term both globally and within Europe. The Frankfurt CargoHub is projected to follow…
Read MoreEnvirotainer continues its pledge to inspire positive change
Envirotainer, the specialist in temperature-sensitive pharmaceutical shipments, recently released its Sustainability Report for 2023. In a year marked by challenging global events, Envirotainer’s commitment to sustainable practices remained stronger than ever with science-based targets added to the company’s already ambitious environmental goals. Envirotainer’s report recognises the challenges of achieving sustainability in…
Read More© 2020 ACE. All Rights Reserved