HEADLINE
DGCA clarifies notification exempting moratorium on leased planes to apply retrospectively
The Ministry of Corporate Affairs’ October 3, 2023 notification exempting leased aircraft and engines from moratorium under the provisions of the Insolvency and Bankruptcy Code (IBC) will have retrospective effect, said the Directorate General of Civil Aviation (DGCA) in an affidavit in the Delhi High Court. It said that…
Read MoreChina despatches first batch of converted ARJ21 air freighters
The Commercial Aircraft Corporation of China, Ltd. (COMAC) has delivered the first batch of two air freighters converted from ARJ21 passenger planes, a milestone in the conversion program for China’s domestic regional jetliner. The converted aircraft has a designed maximum payload of 10 tonnes and a flight range of…
Read MoreCathay Pacific to raise operations to Chennai, Hyderabad
Cathay Pacific, the Hong Kong flag carrier, is gearing up for a return to pre-Covid levels of capacity in the upcoming year. The airline has ambitious plans to fully utilise its permitted capacity and expand its route network. In February of the following year, Cathay Pacific is set to…
Read MoreAir India plans to add 400 weekly flights
Air India plans to add more than 400 weekly flights on its domestic and international routes until March 2024 as part of the winter schedule 2023, said the Tata group-owned airline. To strengthen its domestic network, Air India would add more than 200 weekly flights over the next six…
Read MoreAir Cargo Association of Hyderabad AGM elects office bearers for 2023-24
The Air Cargo Association of Hyderabad held its Annual General Meeting on October 14, 2023 and the following office bearers were re-elected for the year 2023-24, according to a release. Air Cargo Association of Hyderabad was formed in the year 2001 with members from both Airlines & IATA agents…
Read MoreTonnages and rates stabilise after recovery from Golden Week
Global air cargo tonnages and rates appear to have stabilised after recovering from China’s National Day Golden Week in early October, according to the latest weekly figures from WorldACD Market Data, although there are no clear signs yet of any significant fourth quarter (Q4) peak season – despite anecdotal…
Read MoreUfku Akaltan appointed as President for UPS India, UK, Ireland and Nordics
UPS has appointed Ufku Akaltan as the President for its business in the UK, Ireland, Nordics and India. In this role, he leads the operations and growth strategies across the expanded district, deploying the company’s global smart logistics network to strengthen the UK to India trade lane. Ufku began…
Read MoreSwiss WorldCargo and Sonoco ThermoSafe announce global master lease agreement for temperature-controlled bulk shipping container
Swiss WorldCargo, the expert carrier in transporting high-value, care-intensive, and temperature-sensitive shipments, has announced its partnership with Sonoco ThermoSafe. The two industry leaders have signed a global master lease agreement for the deployment of Sonoco ThermoSafe’s innovative Pegasus ULD® temperature-controlled bulk shipping container. This collaboration paves the way for…
Read MoreMore flights to Mangaluru Airport in winter
The number of weekly flights from Mangaluru International Airport will go up from the existing 136 to 172 during the winter schedule. The winter schedule began on October 29, 2023 and will be in force till March 30, 2024. The airport normally handles 136 flights a week in both…
Read MoreImport growth rate of bulk drugs from China dips
India imported $3.18 billion worth of APIs and intermediates from China in 2022-23, up 1.74 per cent from the previous year, according to data from the Pharmaceutical Exports Promotion Council (Pharmexcil). In 2021-22, India imported $3.12 billion worth of APIs and intermediates from China, which was up 19.5 per…
Read More© 2020 ACE. All Rights Reserved