HEADLINE
Asia Pacific spot rates continue rising into December
Global air cargo average spot rates rose by a further +4% in the first full week of December to a 2024 high of US$3.30 per kilo, driven by a +8% surge from Asia Pacific origins, as the sector’s strong but relatively stable fourth-quarter (Q4) peak season approaches its zenith….
Read MoreACAAI’s 48th annual convention in Baku sees wide-ranging deliberation
The 48th annual convention of the Air Cargo Agents Association of India (ACAAI) was held in the beautiful city of Baku, Azerbaijan from December 5-8, 2024. His Excellency Mr Sridharan Madhusudanan, Ambassador of India to Azerbaijan, inaugurated the convention as Chief Guest. The Guest of Honour was Mr Piyush…
Read MoreTIACA signs joint “Aviation 4 All” industry vision
The International Air Cargo Association (TIACA) announced it has signed a joint declaration supporting the launch of the “Aviation 4 All” industry Vision developed by the International Aviation Forum (IAF). The “Aviation 4 All” declaration was developed by the IAF to set out clear goals to achieve sustainable growth…
Read MoreTIACA announces new industry leadership awards
The International Air Cargo Association (TIACA) has announced that the TIACA Board has approved two new industry leadership awards designed to recognise Inspirational Leaders of today and Rising Stars. These two new awards will complement the existing TIACA Hall of Fame which recognises lifetime achievements of individuals who have…
Read MoreRates rise to a 2024 high in November despite dip in tonnages
Worldwide air cargo rates rose to a 2024 high in November of US$2.76 per kilo, despite a slight (-2%) drop in flown tonnages compared with October, although demand and pricing both remain significantly above their already elevated levels last November, according to the latest figures and analysis by WorldACD…
Read MoreQatar Airways Cargo and Japan Airlines ink MoU to strengthen partnership and enhance product offerings
Qatar Airways Cargo, the world’s leading air cargo carrier, has signed a Memorandum of Understanding (MoU) with Japan Airlines, a pioneer in Japanese aviation, to strengthen their partnership and enhance their product offerings to cargo customers. This follows the announcement earlier this year that Japan Airlines passenger services started…
Read MoreNoida Airport conducts first flight validation test, launch in 2025
The Noida International Airport Limited (NIAL) conducted the first flight validation test for Noida International Airport ahead of the airport’s commercial opening in April next year. An IndiGo passenger flight, with a full crew and staff from the Airports Authority of India (AAI), carried out the crucial trial run….
Read MoreGMR Hyderabad Air Cargo secures Customs Trade Partnership Against Terrorism (CTPAT) certification
GMR Hyderabad Air Cargo (GHAC) announced that it has secured the prestigious Customs Trade Partnership Against Terrorism (CTPAT) certification. This achievement underscores GHAC’s commitment to maintaining the highest standards of security in its operations and enhancing the security of the global supply chain. CTPAT, a voluntary program led by…
Read MoreGlobal air cargo volumes see 13th consecutive month of double-digit growth; load factors at a high
Global air cargo demand showed no signs of slowing down in November 2024 as volumes recorded a 13th consecutive month of double-digit growth and load factors hit their highest level since April 2022, according to the latest market analysis by Xeneta. It elaborated in a communique: Demand rose +10% year-on-year…
Read MoreGlobal air cargo market surges as e-commerce booms
The boom in cross-border e-commerce has unprecedentedly lifted the global air cargo market, with China leading the way, boosted by the Air Silk Road that connects economies participating in the Belt and Road Initiative. Ethiopian Airlines, the largest African carrier and the largest air carrier between China and Africa,…
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