HEADLINE
Pakistan and Bangladesh blocking over $720 m of airline revenues
The International Air Transport Association (IATA) has called on Pakistan and Bangladesh to immediately release airline revenues that are being held in contravention of international agreements. The situation has become severe with airlines unable to repatriate over $720 million ($399 million in Pakistan and $323 million in Bangladesh) of…
Read MoreIndiGo enters the wide-body space with an order for 30 firm Airbus A350-900 aircraft
IndiGo is further defining its long-term future by strengthening its fleet with the introduction of wide-body aircraft. Since inception in 2006, IndiGo has been successfully building its position and is now defining its future further on the path of becoming a global aviation player. IndiGo has agreed to place…
Read MoreGlobal air cargo tonnages return to growth
Global air cargo tonnages returned to growth in the third week of April, thanks in part to a surge in traffic from Central & South America (CSA), as flower shipments ahead of upcoming Mother’s Day events in large parts of the world made up for stalling demand from Middle…
Read MoreFreightos sees growth in Q1 2024
Freightos Limited, a leading, vendor-neutral booking and payment platform for the international freight industry, has reported preliminary first quarter 2024 Key Performance Indicators. In Q1 2024, Freightos continued to achieve operating milestones consistent with its long-term growth objectives. The platform facilitated 295.6 thousand transactions, representing a year-over-year growth of…
Read MoreFIATA launches Model Agreement for PLACI multiple filing bilateral arrangements
FIATA, the International Federation of Freight Forwarders Associations, has announced the launch of the FIATA Model Agreement on multiple filing bilateral arrangements for Pre-Loading Advance Cargo Information (PLACI) regimes (Model Agreement). The Model Agreement has been developed with the input of air carriers, and multinational and SME freight forwarding…
Read MoreExporters seemingly facing problems as B’desh eats cargo space through Delhi airport
Tonnes of Bangladesh-made garments transiting Indira Gandhi International (IGI) Airport in Delhi are cornering space in aircraft bound for Europe and the US, leaving less room for Indian exporters, it is learnt. Due to the geopolitics-related disruption in cargo movement via the Red Sea, Dhaka’s garment exports to third…
Read Morednata appoints global head of airport operations
dnata, a leading global air and travel services provider, has announced the appointment of Clive Sauvé-Hopkins to the position of Divisional Senior Vice President (DSVP), Airport Operations. In his role, Clive will oversee dnata’s global ground handling and cargo business at 97 airports in 16 countries. He will manage…
Read MoreDelhi Airport Cargo achieves over 1 MMT in 2023-24
From its humble beginnings in 2006, Delhi Airport Cargo has come a long way, crossing the 1 Million Metric Ton (MMT) mark for FY 2023-24. Cargo tonnage had dipped due to the global pandemic and subsequent lockdowns, but after 5 years the cargo division has achieved this impressive feat…
Read MoreCSMIA’s cargo operations thrive in FY 2024 with 6% year-on-year growth, driven by 10% rise in international volumes
Chhatrapati Shivaji Maharaj International Airport (CSMIA) has proudly declared the remarkable accomplishments of its cargo operations during the fiscal year 2023-2024, further solidifying its position as a premier global cargo hub. With a connection to over 700 cargo destinations this fiscal, CSMIA witnessed a noteworthy 6% year-on-year increase in…
Read MoreChinese air cargo shows resurgence
China’s air cargo demand has grown by double digits for four consecutive months, while rates have risen steadily since late February. The strength of the market rebound after a prolonged downturn that bottomed out last August has surprised industry watchers. But the recovery is not lifting all regions equally…
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