HEADLINE
GMR Airports focusing on brownfield projects
GMR Airports Infrastructure is focusing on brownfield projects and airport privatisation opportunities in India. The company, which operates five airports, including Delhi, is also eyeing overseas opportunities in the Middle East, South Asia, the Philippines and Jakarta. GMR is not aggressively acquiring airport assets but has strategic targets. With…
Read MoreFreightos reports fourth quarter and full-year results with substantial transaction growth and strong financial position
Freightos Limited, a leading vendor-neutral digital booking and payment platform for the international freight industry, has reported financial results for the quarter and year ended December 31, 2023. “As we reflect on our first year as a public company – a year marked by significant challenges for the freight…
Read MoreFedEx invests USD 350 million to boost global trade and strengthen operations
FedEx Express (FedEx), a subsidiary of FedEx Corp. and one of the world’s largest express transportation companies, is expanding its footprint in the Middle East, Indian Subcontinent and Africa (MEISA) by establishing a state-of-the-art hub at Dubai World Central (DWC) Airport in Dubai South. The facility was officially inaugurated…
Read MoreEtihad Airways appoints Stanislas Brun as Vice President Cargo
Etihad Airways has appointed Stanislas Brun to the role of Vice President Cargo. Mr Brun will be responsible for Etihad Cargo’s commercial operations including scheduled and charter flights, revenue management and network planning. He will report to Etihad Airways’ Chief Operating Officer, Mr Mohammad Al Bulooki. Mr Brun joins…
Read MoreCleanMax and Bangalore International Airport Ltd join hands to enhance energy resilience at BLR Airport
CleanMax Enviro Energy Solutions (Asia’s leading C&I renewable energy company) and Bangalore International Airport Limited (BIAL) have signed a 25-year long-term power purchase agreement for the generation and supply of renewable energy from a 45.9 MW solar-wind captive power project under a SPV named CLEAN MAX BIAL RENEWABLE ENERGY…
Read MoreCathay Pacific handles 21 pc more cargo in January yoy
As per Cathay Pacific’s January 2024 figures, air cargo tonnage was down 11% compared with December 2023. However, when compared with January 2023, tonnage was up by 21%. Demand started to improve from the second week of January and an increase in tonnage was observed across the entire network….
Read MoreCathay Cargo opens API connection for DB Schenker’s agents to access, book and confirm Cathay Cargo’s inventory
Cathay Cargo has opened a new application programming interface (API) that provides global forwarder DB Schenker with access to Cathay Cargo’s Click & Ship booking platform on its own in-house system, enabling the forwarder to check space, make bookings and secure instant confirmation from Cathay Cargo’s inventory. Now Kuehne+Nagel,…
Read MoreBUD Cargo City expansion sees Menzies increase European freight capacity
A 10,000 sq. m extension to Budapest Airport’s (BUD) Cargo City was officially opened earlier this month, thanks in part to a multi-million-dollar investment by Menzies Aviation, the leading service partner to the world’s airports and airlines. The expansion of the state-of-the-art air freight facility will see Menzies’ cargo…
Read MoreAsia-Europe sea-air hubs record strong surge in tonnages
Several key Asia-Europe sea-air hubs have recorded a strong surge in tonnages in the last few weeks, as shippers continue to seek alternative logistics solutions due to the disruptions to container shipping caused by the attacks on ships in the Red Sea. Freight sources have reported, anecdotally, that some…
Read MoreAirbus and TotalEnergies sign strategic partnership for sustainable aviation fuels
Airbus and TotalEnergies have signed a strategic partnership to address the challenges of decarbonising aviation through sustainable aviation fuels. In line with the objective of achieving net carbon neutrality of aviation by 2050, this partnership aims to contribute to the reduction of the sector’s CO2 emissions, in which Sustainable…
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