HEADLINE
Blue Dart announces Q1 financial results with sales clocking in at INR 1,343 crore
Blue Dart Express Limited, South Asia’s premier express air, integrated transportation and distribution logistics company, declared its financial results for the quarter ended June 30, 2024 at its Board Meeting held in Mumbai. The company posted profit after tax of INR 51.53 crore for the quarter. Revenue from operations…
Read MoreWFS commences HVO biofuel trial for airside transport fleet at Heathrow
Worldwide Flight Services (WFS), a member of the SATS Group, is starting a three-month trial using HVO biofuel in its airside transport fleet at London’s Heathrow Airport in support of SATS’ environmental, social and governance (ESG) group priorities and Heathrow’s goal for all airport vehicles to be zero-emission or…
Read MoreUPS acquires Mexican express delivery company
UPS has announced that it has entered into an agreement to acquire Estafeta, a leading Mexican express delivery company. This acquisition is a key part of UPS’s ‘Better and Bolder’ strategy, aimed at becoming the world’s premium international small package and logistics provider. “Global supply chains are shifting, Mexico’s…
Read MoreTIACA appoints Mahendra Pokhriyal as Regional Representative – India
The International Air Cargo Association (TIACA) has appointed Mr Mahendra Pokhriyal as its Regional Representative – India. The appointment of Mr Pokhriyal supports the mandate from TIACA’s Board of Directors and its members to have and maintain a regional presence in key areas across the globe. As a Regional…
Read MoreSATS and SF Group sign MoU to expand supply chain optimisation and drive global expansion
Singapore-headquartered SATS Ltd, the world’s largest provider of air cargo handling services and Asia’s pre-eminent provider of food solutions, has signed a Memorandum of Understanding (MoU) with SF Group, the leading express delivery and logistics service provider in China and globally, to expand their strategic collaboration and supply chain…
Read MoreRates stay firm despite slight July demand lull; India to Europe tonnages fall
Worldwide air cargo rates and demand softened slightly from most regions in the second week of July, although tonnages and average global prices remain significantly higher than this time last year, thanks to continuing elevated demand and high rates from Asia and the Middle East. According to the latest…
Read MoreOutlook predicts marginal global freighter fleet growth
Boeing has predicted that the global freighter fleet will grow at 2.6% per year over the next twenty years and add 2,845 units from 2024 through 2043, according to its latest twenty-year Commercial Market Outlook, reflecting a slight increase from its 2023 forecast, said a report.
Read MoreMSC Air Cargo expands network, launches first commercial flight from Milan to Hong Kong
MSC Air Cargo recently launched its first commercial flight from Milan Malpensa Airport (MXP) to Hong Kong International Airport (HKG). The route Malpensa-Hong Kong-Malpensa will be operated twice a week. The occasion marks the beginning of a new era in airfreight logistics as MSC Air Cargo expands its network…
Read MoreMenzies and KLM renew long-running partnership at Amsterdam Airport Schiphol
Menzies Aviation, the leading service partner to the world’s airports and airlines, has announced the renewal of a major cargo and ground handling contract with the Dutch flag carrier, KLM Royal Dutch Airlines, at Amsterdam Airport Schiphol (AMS). Menzies will provide cargo warehouse and ramp handling services for all…
Read MoreIndiGo announces new direct flights from Mangaluru, Coimbatore and Tiruchirappalli to Abu Dhabi
IndiGo has announced direct flights to Abu Dhabi from Mangaluru, a major commercial centre in Karnataka, and Coimbatore and Tiruchirappalli, famous tourist spots in Tamil Nadu. The flights on the Abu Dhabi to Mangaluru route will operate daily, from August 9, 2024, and the Tiruchirappalli to Abu Dhabi service…
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