Air China said it would sell a 51 per cent stake in Air China Cargo to a sister unit – Capital Holding – for 2.44 billion yuan (USD 357 million) as a result of intensifying ➤
The Airports Corporation of Vietnam (ACV) says it will upgrade several airports in the country, including Long Thanh Int’l, between 2018-2025 to meet rapidly growing demand, while Vietnam Airlines has recently signed an agreement to ➤
Chile-based carrier LATAM Cargo has launched a dedicated offline pharma hub in the Danish capital of Copenhagen from 1 September. LATAM cited “strong demand” on air cargo routes between Europe and Latin America for the ➤
India’s low-cost carrier SpiceJet will launch its dedicated cargo operations using maindeck equipment in September, becoming the first domestic airline to start dedicated freighter division. SpiceJet will be leasing B737-800BCF, with a capacity of up ➤
Ethiopian Airlines has launched the first of two weekly freighter flights between the Ethiopian capital of Addis Ababa (ADD) and Miami, creating the first-ever all-cargo route between the African continent and Miami International Airport (MIA). ➤
Hermes Germany is acquiring US-based SEKO Logistics’ German business as it seeks to leverage the combined competencies in e-commerce B2B and B2C businesses. The acquisition is effective from 1 September. “We are delighted to have ➤
A brief roundup of the news and events that took place last week… all in 2½ minutes… Asia This week’s stories kicked off with Panalpina once again warning of another peak season crunch. The ➤
Kerry Logistics has enjoyed a bumper half year performance, with turnover up 27 per cent and core net profit up 22 per cent, driven by intra-Asian trade which benefited from the ongoing China-US trade dispute. ➤
The recent announcement of USD 113 million in new regional investments focused on technology, energy and infrastructure for the oddly named “Indo-Pacific” region by US Secretary of State Mike Pompeo sounds suspiciously like a US ➤
Finnair Cargo has appointed Air Logistics China Ltd. as General Sales and Service Agent (GSSA) in mainland China. The agreement in Guangzhou (CAN), Xian (XIY) and Chongqing (CKG) will be effective from 1 September. In ➤
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