HEADLINE
CargoAi accelerates on CargoWALLET with the appointment of fintech veteran Olivier Veyrac
Launched in February 2023, CargoAi’s CargoWALLET has quickly gained traction and today facilitates cargo payments in over 47 currencies. The freight industry’s fastest growing digital enabler has now appointed global payment expert, Olivier Veyrac as its Senior Vice President for CargoWALLET, informed a release. Over the last 18 months,…
Read MoreAsia Pacific tonnages rebound strongly after Japan typhoon dip; spot rates from India to Europe stabilise
Air cargo tonnages from Asia Pacific have rebounded strongly in the last full week of August after dipping sharply the previous week due to flight cancellations resulting from a typhoon in Northeast Asia, although tonnages from Europe have yet to bounce back from the mid-August ‘Assumption’ holiday. According to…
Read MoreAir cargo markets benefiting from robust e-commerce demand and disruptions in maritime shipping
Preliminary July 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) show healthy growth in air cargo markets, continuing to benefit from robust e-commerce demand and ongoing disruptions in maritime shipping. International air cargo demand, in freight tonne kilometres (FTK), saw a healthy 12.3% year-on-year increase…
Read MoreWFS becomes first cargo handler at Amsterdam Airport Schiphol to introduce electric cargo towing vehicles
Worldwide Flight Services (WFS), a member of the SATS Group, is the first cargo handler at Amsterdam Airport Schiphol (AMS) to introduce electric cargo towing vehicles in the latest global initiative supporting SATS’ environmental, social and governance (ESG) group priorities. Supplied by vehicle partner, TCR, the Goldhofer Sherpa E6…
Read MoreWestJet Cargo expands pet transportation services to major European destinations on International Dog Day
As the world marks International Dog Day on August 26, WestJet Cargo has announced the expansion of its pet transportation services to three major European airports: London Gatwick (LGW), London Heathrow (LHR) and Edinburgh (EDI). This expansion comes in response to the growing demand for secure and reliable international…
Read MoreTonnage drops in mid-August
Flight cancellations caused by a typhoon in Northeast Asia and national holidays in several European countries have led to a significant mid-August fall in air cargo tonnages, according to the latest figures and analysis from WorldACD Market Data. Air cargo tonnages in week 33 (12 to 18 August) dipped…
Read MoreSwissport wins ground handling license at Frankfurt Airport
Swissport International AG has secured a license to provide ground handling services at Frankfurt Airport, Germany. The new license, commencing in February 2025, further consolidates Swissport’s market leading position as an aviation services provider. To ensure a smooth start of its Frankfurt operations and reduce CO2 emissions, Swissport will…
Read MoreSpiceJet registers second consecutive profitable quarter
SpiceJet recently announced its second consecutive profitable quarter, a testament to the airline’s resilience and strategic growth. The carrier reported a net profit of INR 150 crore for the quarter ending June 2024, reflecting a 26% increase over the Q4 FY2024. This marks a significant milestone in the airline’s…
Read MoreKerala takes flight with drone-based medical deliveries: Skye Air Mobility partners with CARITAS Hospital
In a groundbreaking move for healthcare in Kerala, Skye Air Mobility, a pioneer in drone technology-based logistics, has joined hands with CARITAS Hospital & Institute of Health Sciences in Kottayam to launch a drone-based medical delivery system. This partnership aims to enhance healthcare accessibility and efficiency in the region…
Read MoreCathay Cargo mulls India expansion via co-terminalisation of freighters
Hong Kong-based Cathay Cargo is looking to expand in India and wants co-terminalisation of its freighter planes while flying between multiple destinations within the country under the open sky framework, said Mr Tom Owen, Director, Cargo, Cathay Cargo, as per reports. He said the company is upbeat about India’s…
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