HEADLINE
Yusen Logistics starts cargo terminal operations at Ezhou Huahu Airport
Yusen Logistics (China) Co., Ltd, a Chinese subsidiary of Yusen Logistics Co., Ltd, has established a joint venture company in Ezhou, Hubei Province, China, and will start cargo terminal operation at Ezhou Huahu Airport. Ezhou Huahu Airport opened in July 2022 and is expected to be one of the…
Read MoreUPS announces significant partnership expansion with USPS
UPS has announced that the company has been awarded a significant air cargo contract by the United States Postal Service (USPS). This award is effective immediately and greatly expands the existing relationship between the two organisations. Following a transition period, UPS will become the USPS’s primary air cargo provider…
Read MoreTransatlantic westbound corridor sees declining demand in 2024
The Transatlantic air cargo corridor has had a weak start to the year, which is in stark contrast to the global market. This is one of the world’s top three air cargo corridors, but in the first two months of this year demand from Europe to North America was…
Read MoreSpiceJet inks key agreement to clear major liabilities
SpiceJet and Export Development Canada (EDC) have signed a settlement agreement, the terms of which will allow the airline to clear major liabilities, leading to a comprehensive revitalisation of its balance sheet. This settlement marks the biggest breakthrough in SpiceJet’s financial restructuring efforts to date. Under the agreement’s terms,…
Read MoreRates continue to rise from Asia, Middle East and South Asia
Air cargo rates are rising from most of the main global regions, especially from Asia Pacific and from Middle East & South Asia (MESA), strengthened by the ongoing disruptions to container shipping and elevated demand for cross-border e-commerce shipments. According to the latest weekly figures and analysis from WorldACD…
Read MoreNew duty norms for pilots on hold: DGCA
The Directorate General of Civil Aviation (DGCA) has put on hold the implementation of new duty norms for pilots from June 1, 2024 following opposition from airlines. Airlines have been given indefinite time to put a scheme in place that would comply with the provisions of the revised rest…
Read MoreKey strategic partnership to scale the use of SAF
DHL Express, the global market leader in international express shipping, has signed a strategic partnership with leading cross-border bank, Standard Chartered, for DHL Express’s GoGreen Plus service. Through the agreement, the two organisations have agreed to co-invest in Sustainable Aviation Fuel (SAF), allowing Standard Chartered to balance CO2 emissions…
Read MoreIndiGo plans ten more destinations in FY25
IndiGo plans to add around ten more destinations in FY25 while inducting more than one aircraft every week, the airline said in its investor presentation recently. Currently, it has 366 aircraft and flies to 121 destinations. The airline also aims to grow its capacity further. Capacity growth too has…
Read MoreGMR gets relief as Telangana HC stays CCI probe
The Telangana High Court has stayed for two weeks the CCI’s February 2024 order and recent investigation report against GMR Hyderabad International Airport and GMR Aero Technic Ltd. This follows GMR’s plea seeking quashing of proceedings before the CCI on the ground that complainant Air Works, an aircraft maintenance,…
Read MoreDHL Aviation renews warehouse handling contract with WFS in France
DHL Aviation has signed a new multi-year contract with Worldwide Flight Services (WFS), a member of the SATS Group, to manage freight at its airport stations in France. This renewed partnership extends the two companies’ 14-year relationship in France and demonstrates DHL’s continued confidence in WFS. DHL signed its…
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