HEADLINE
Air cargo trends in 2024
The air freight sector is expected to undergo some uncertainty in 2024. This, in part, is due to various geopolitical issues and market dynamics. A quick look at some of them, as per Maersk Air Freight and Air Cargo News: Capacity normalisation In terms of capacity, Asia Pacific continues…
Read MoreAir Cargo demand surges 10.8% in December, closing 2023 near 2022 levels
The International Air Transport Association (IATA) released data for global air freight markets showing that air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties. Full-year demand reached a level just slightly below 2022 and 2019. Global full-year demand in 2023, measured in…
Read MoreDHL Global Forwarding completes acquisition of shares in Danzas AEI Emirates
DHL Global Forwarding, the freight specialist arm of the DHL Group, has completed the acquisition of shares in Danzas AEI Emirates, with all facilities now rebranded to DHL. The full integration not only brings a transformation in logo and name but also enhances operational capabilities with the transfer of…
Read MoreWFS to deploy Cind’s ContourSpect 3D modelling software for cargo at select stations
Worldwide Flight Services (WFS), a member of the SATS Group, will deploy Cind’s ContourSpect 3D modelling software at selected stations across its Europe, Middle East, Africa, and Asia (EMEAA) network following a successful Proof of Concept (POC) in its cargo terminal at Copenhagen Airport. WFS is Cind’s launch partner…
Read MoreOver 500 new air service agreements signed
The International Civil Aviation Organization (ICAO) announced this week that 521 new international air service agreements have resulted from its most recent Air Services Negotiation (ICAN) event, held last month, which was attended by over 700 participants representing 97 countries. These represent record-breaking outcomes for this edition of the…
Read MoreMenzies Aviation acquires 50% stake in Jardine Aviation Services Group to strengthen its presence in Asia
Menzies Aviation (Menzies), the leading service partner to the world’s airports and airlines, has announced the acquisition of a 50% stake in Jardine Aviation Services Group (“JASG”) from Jardine Matheson – a diversified Asia-focused conglomerate. This partnership is a joint venture with China National Aviation Corporation (“CNAC”). JASG, a…
Read MoreJanuary tonnages well up on last year’s levels
Worldwide air cargo demand in January 2024 remains significantly up compared with this time last year, according to the latest figures from WorldACD Market Data, with tonnages from all the main global regions ahead of last year’s figures with the exception of ex-North America traffic. Freight forwarders continue to…
Read MoreGMR Aero Technic inks MoU with Lufthansa
GMR Aero Technic (GAT), the MRO division of GMR Air Cargo and Aerospace Engineering Ltd (GACAEL), has announced partnerships with Lufthansa Technik AG (LHT) and Spirit Aero System at the recent Wings India 2024 in Hyderabad. A MoU was signed between GAT and LHT mutually agreeing to bring the…
Read MoreFrench Thales to set up avionics MRO in India
French defence major Thales is bringing its trusted high-tech capabilities to India and plans to set up an avionics MRO in Delhi to provide world class services to its airline customers. Vice President and Country Director of Thales India, Ashish Saraf, said the company is fully committed and mobilised…
Read MoreFederal Bank embraces DHL Express India’s ‘Go-Green Plus’ initiative to reduce carbon footprint
Federal Bank, a leading financial institution in India, has announced its latest environmental initiative in partnership with DHL Express India. Federal Bank has subscribed to DHL’s innovative ‘Go-Green Plus’ plan, a solution designed to significantly reduce the bank’s carbon emissions associated with export and import document transport worldwide. Johnson…
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