HEADLINE
Rates surge on the Transatlantic air cargo market leaving shippers in a quandary
The Transatlantic air cargo market has been overlooked by many during 2024 due to the dramatic developments on ex-Asia corridors, but skyrocketing rates during peak season puts it back in the spotlight with shippers facing a dilemma over new contract negotiations. In the week ending 15 December, the average…
Read MoreIndiGo further expands wings in Malaysia
IndiGo has commenced operations on its new exclusive daily direct flight between Chennai and Penang, Malaysia. It has also connected Bengaluru and Langkawi in Malaysia with a daily direct flight. These are the airline’s second and third destinations in Malaysia after Kuala Lumpur, catering to the growing demand for…
Read MoreIndia’s pharmaceutical market for FY 2023-24 valued at USD 50 billion, with domestic consumption valued at USD 23.5 billion and export valued at USD 26.5 billion
India’s pharmaceutical market for FY 2023-24 is valued at USD 50 billion with domestic consumption valued at USD 23.5 billion and export valued at USD 26.5 billion. India’s pharma industry is considered to be the world’s third largest by volume and 14th in terms of value of production. With…
Read MoreFedEx to set up fully automated air cargo hub in India
India could be the next destination for Federal Express Corporation (FedEx), the world’s largest express transportation company, to set up its first fully automated air cargo hub, to connect intra-India and regional markets with global trade routes. FedEx is working with the government on regulatory changes to set up the…
Read MoreEtihad Cargo adds Paris to freighter network with new weekly service
Etihad Cargo, the cargo and logistics arm of Etihad Airways, is expanding its freighter network with the addition of Paris Charles de Gaulle Airport (CDG) as its latest destination. The service, which launches on 7 January 2025, will operate one weekly flight, offering more than an additional 100 tonnes…
Read MoreEnvirotainer joins hands with Air France KLM Martinair Cargo for development and adoption of Sustainable Aviation Fuel
Envirotainer, the specialist in temperature-sensitive pharmaceutical shipments, has partnered with Air France KLM Martinair Cargo (AFKLMP) to support the development and adoption of Sustainable Aviation Fuel (SAF). SAF, a cleaner alternative to traditional jet fuel, plays a crucial role in minimising the carbon footprint of air transport. By investing…
Read MoreDynamatic Technologies awards Aequs for supply of complex Airbus A220 door components
Dynamatic Technologies Limited and Aequs Private Limited have announced a contract for the supply of complex structural parts for the Airbus A220 Door Program. As part of the contract, awarded by Dynamatic Technologies for the manufacture and supply of components, Aequs will leverage its end-to-end capabilities to manufacture and…
Read MoreCathay Pacific handles 15 pc more cargo in November 2024
Cathay Pacific carried 142,601 tonnes of cargo in November 2024, an increase of 15% compared with November 2023. The month’s cargo revenue tonne kilometres (RFTKs) increased 11.9% year on year. The cargo load factor increased by 1.2 percentage points to 62.3%, while available cargo tonne kilometres (AFTKs) increased by…
Read MoreAmerican Airlines Cargo enhances operations at London Heathrow
American Airlines Cargo has announced a large-scale enhancement in its facility and digital capabilities at London Heathrow Airport (LHR), its largest operation in Europe. The carrier has made an extensive facility expansion at LHR by moving to a new location. The move, adjacent to its two former buildings, combines…
Read MoreAir France KLM Martinair Cargo achieves record online sales and accelerates commercial transformation
Air France KLM Martinair Cargo (AFKLMP) has reached a significant milestone in its commercial transformation, culminating in a record 85% of all bookings made online last month. This achievement underscores the success of its myCargo digital platform, which was developed in-house and has evolved over the past eight years…
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