HEADLINE
Air India goes for A350 on domestic routes
Air India will fly its first A350-900 aeroplane from January 22, 2024 to Indian cities and later to destinations across continents after getting possession of the wide-body jet in December. Flight AI589 will run on all days, except Tuesdays, connecting Bengaluru to Mumbai, Mumbai to Chennai, and Chennai back…
Read MoreAir cargo likely to see improved scenario in 2024: Analysis
2024 may herald the start of a new economic growth cycle for the global air cargo industry after last year ended with a +9% year-on-year rise in demand and the general air cargo spot rate reached its highest level in nine months, suggests the latest weekly market data analysis…
Read MoreAPSEZ subsidiary seeks to set up aircraft leasing unit at GIFT City
UDANVAT Leasing IFSC Ltd, a wholly-owned subsid-iary of Adani Ports and Special Economic Zone Ltd (APSEZ), has approached IFSC Gift City to set up an air-craft leasing unit. Over the next five years, the company has said it will invest Rs 555 crore. The estimated Free on Board (FOB)…
Read MoreYear End Review 2023: An eventful year for the Ministry of Civil Aviation with all-round achievements
Ministry of Civil Aviation (MoCA) attained several milestones in the year 2023 as the sector attained new wings and expanded at a high speed. Some of the major achievements of MoCA are indicated below, as per its release. RCS-UDAN RCS-UDAN was launched in 2016 to enable air operations on…
Read MoreUdanvat seeks to set up aircraft leasing unit at GIFT City
Udanvat Leasing IFSC Ltd, a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZL), has approached IFSC Gift City to set up an aircraft leasing unit. Over the next five years, the company has said it will invest Rs 555 crore. The estimated Free on Board (FOB)…
Read MoreTonnages in Q4 2023 closing at +3% Year-on-Year
With 2023 coming to an end, global tonnages and average air cargo rates followed the typical end-of-year slowing down pattern, after weeks of stabilising global tonnages and steady growth in rates, especially outbound China, according to the latest figures from WorldACD Market Data. As global tonnages for December 2023…
Read MoreIAG Cargo adds Cape Town to locations in Africa approved to transport time- and temperature-sensitive healthcare products
IAG Cargo, the cargo division of International Airlines Group (IAG), announced recently that Cape Town is its latest station in Africa to be approved to transport time- and temperature-sensitive healthcare products. Following the successful opening of Cincinnati in September, Cape Town marks the second station launched in 2023 to…
Read MoreEmirates SkyCargo to continue flying high in 2024
Emirates SkyCargo, the cargo arm of the world’s largest international airline, has wrapped up a major year of growth and investment in both its current and future operations. Signalling its confidence in the essential role air cargo will continue to play in global trade, the airline has made significant…
Read MoreRates bounce back to +50% above pre-Covid level
Global average air cargo rates now stand +50% above their pre-Covid levels this time four years ago following the significant rebound in the last few months in demand and pricing, especially ex-China, according to the latest figures from WorldACD Market Data. Weekly analysis Preliminary figures for week 50 (11…
Read MoreNavi Mumbai Airport to begin ops by Dec. 2024
Navi Mumbai Airport is all set to keep its commitment and begin commercial operations at the scheduled time by December 2024. Navi Mumbai International Airport Pvt. Ltd. took over the construction of the airport and a change in management happened in August 2021. Now, the company has focused all…
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