HEADLINE
Air freight rates seen on a downward trajectory
Air freight rates will likely continue to face downward pressure, said Xeneta Chief Airfreight Officer Niall van de Wouw. He noted that the recent drop is a reflection of declining sentiment and concerns, particularly among airlines, over what will happen once more stability returns to international trade and there…
Read MoreAdani Airports secures USD 1 billion financing from global investors for Mumbai International Airport
Adani Airports Holdings Limited (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd and India’s largest private airport operator, has successfully secured USD 1 billion financing through a project finance structure for its Mumbai International Airport Ltd (MIAL). The transaction involves issuance of USD 750 million notes maturing July…
Read MoreWFS achieves Cargo iQ quality certification across its Europe, Middle East, Africa & Asia regions; including airports in India
Worldwide Flight Services (WFS), a SATS company, has achieved Cargo iQ’s quality standards certification for its air cargo handling operations in Europe, the Middle East, Africa and Asia (EMEAA). The accreditation covers some 50 major airport stations in Belgium, Denmark, France, Germany, India, Ireland, Italy, the Netherlands, South Africa,…
Read MoreMenzies Aviation and AHS inaugurates world class air cargo facility at Queen Alia International Airport in Jordan
Menzies Aviation, the leading service partner to the world’s airports and airlines, and its strategic partner, Aviation Handling Services (AHS), have announced the inauguration of its new state-of-the-art cargo facility at Queen Alia International Airport (QAIA) in Amman, Jordan. Since beginning operations at QAIA in 2008, AHS-Menzies has played…
Read MoreIndiGo expands international connectivity
IndiGo has commenced operations on two new routes connecting Bhubaneswar with Abu Dhabi and Visakhapatnam respectively, further strengthening regional as well as international connectivity from Odisha. The newly launched flights, with support from Odisha government under New Destination Policy, offer direct international connectivity between Bhubaneswar and Abu Dhabi, operating…
Read MoreIndian air cargo market taking flight
The IMARC Group has issued a report titled “India Air Cargo Market Size, Share, Trends, and Forecast by Type, Service, Destination, End User, and Region, 2025-2033”, which offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights. Excerpts: Size of India air cargo industry…
Read MoreIndia, China to fast-track restarting of direct air services
India and China have agreed to expedite the resumption of direct air services and will continue to stabilise and rebuild ties, according to the Indian Foreign Ministry. It came from the Ministry after a meeting of Indian Foreign Secretary Mr Vikram Misri and Chinese Vice Foreign Minister Sun Weidong,…
Read MoreDHL Group to invest more than EUR 500 million in fast-growing markets in the Middle East
DHL Group has announced plans to invest more than EUR 500 million in the Middle East, with a strategic focus on the rapidly expanding Gulf markets of Saudi Arabia (KSA) and the United Arab Emirates (UAE). This investment, set to take place between 2024 and 2030, underscores DHL’s commitment…
Read MoreDHL Express France inaugurates its new gateway at Lyon-Saint Exupéry Airport
DHL Express is celebrating its 40th anniversary at Lyon-Saint Exupéry Airport by inaugurating a multi-service site to handle TDI (Time Definite International) and DDI (Day Definite International) shipments, the first of its kind in France. This hub, with direct access to the airport runways, will commence operations this summer….
Read MoreChina to US tonnages and rates weaken again
After rebounding in the latter part of May, air cargo tonnages from China and Hong Kong to the US dropped back sharply in the first full week of June, according to the latest weekly figures and analysis from WorldACD Market Data, with spot rates also further significantly weakening on…
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