HEADLINE
Double-digit volume growth seen in global air cargo market this year
The global air cargo market is on a pathway to double-digit growth in volumes in 2024 after a +12% year-on-year jump in demand in May, according to the latest data analysis by Xeneta. It elaborates: Despite conservative, low single digit industry growth forecasts at the end of last year,…
Read MoreCargo shipment seen slow at Tiruchy Intl Airport
The volume of cargo handled at Tiruchy International Airport is yet to pick up, according to reports. While passenger traffic at the airport, which stood at 12.5 lakh (domestic traffic included) during 2015-16, recorded a 41% increase to touch 17.63 lakh in 2023-24, cargo shipment failed to register any…
Read MoreAIX to operate 28 direct flights from Hindon from Aug. 1
Air India Express (AIX) is set to start flights from Ghaziabad’s Hindon Airport, which will make it the only carrier to operate from two airports in the National Capital Region (NCR). It will operate a total of 28 direct flights between Hindon and Bengaluru, Goa and Kolkata from August…
Read MoreAirport industry seen at $1.3 bn profit before tax in FY25
India’s airport industry is projected to report a profit before tax of USD 1.3 billion in the current financial year, aviation advisory firm CAPA India said while giving projections at its aviation summit in the national capital. The profit is anticipated to be Rs 256.1 (USD 3.1) per passenger…
Read MoreAdani Airports handle over one million tonnes of cargo to achieve 7% growth
Adani Airport Holdings Limited (AAHL) handled an impressive one million tonnes of air cargo in fiscal year 2023-2024, achieving a milestone. The achievement underscores AAHL’s robust operational capabilities and strategic growth in the aviation industry, it emphasised in a release. Demonstrating solid growth, AAHL facilitated a remarkable 10,13,115 metric…
Read MoreAbu Dhabi is underway to become a global Pharmaceutical and Life Science distribution hub
During BIO International Convention 2024, The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, and Abu Dhabi Investment Office (ADIO), Etihad Airways and AD Ports Group have signed a landmark Memorandum of Understanding (MoU) to strengthen Abu Dhabi’s position as a global pharmaceutical…
Read MoreRate surge continues throughout May from Middle East & South Asia; India in the ‘spot’light
Air cargo rates from Middle East & South Asia (MESA) continued to surge throughout May, with spot rates from MESA origins to Europe averaging more than twice their level in May last year, while tonnages and rates from Asia Pacific origins were also well above last year’s levels, according…
Read MoreQatar Airways Cargo and MASkargo sign comprehensive Memorandum of Understanding for joint cargo business operations
Qatar Airways Group and Malaysia Aviation Group have further expanded their long-standing relationship as oneworld partners by signing a Memorandum of Understanding (MoU) between Qatar Airways Cargo and MASkargo – the cargo airline and subsidiary of Malaysia Aviation Group – to deliver an enhanced product offering to cargo customers…
Read MoreCall for India’s aviation market growth to be matched with capacity
Indian aviation market’s pace of growth needs to be matched with capacity, and increased competition will provide more choices for consumers, said Emirates Airline Deputy President and Chief Commercial Officer Adnan Kazim on the sidelines of the recent IATA Annual General Meeting in Dubai. He pitched for increased bilateral…
Read MoreFreightos’ WebCargo announces partnership with Thai Airways to enhance digital air cargo services and provide innovative payment solutions
WebCargo by Freightos, a leading independent booking and payment platform for the international freight industry, is excited to announce a new partnership with Thai Airways, a key Asian carrier and the national carrier of Thailand. In the coming months, Thai Airways will integrate its cargo capacities into WebCargo’s platform,…
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