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The International Air Transport Association (IATA) today hacked 54 percent off its 2011 industry profit forecast after factoring in the high price of oil, natural disasters and political unrest. After forecasting in March that the airline industry would make an annual profit of US$8.6 billion, IATA downgraded its estimate to US$4 billion. This would be...
SINGAPORE Airlines' (SIA) is to launch a low-cost carrier by next year to compete with competitors already taking chunks out of its premium market, and to stand up against Australia's budget carrier JetStar, which is planning long-hauls to Europe. SIA will offer medium to long-haul destinations in wide body aircraft despite risks to diluting its brand, ...
YANGTZE River Express has launched new cargo air route between Chongqing and Europe, linking Shanghai, Chongqing, Moscow and Luxembourg, reports Xinhua. Flights depart twice a week, Wednesdays and Sundays, from Shanghai to Chongqing, Moscow, Luxembourg and then back to Shanghai, deploying a 747-400SF. The first Yangtze River Express 747 flew to Moscow a...
HONG KONG Air Cargo Terminals Limited (Hactl), the airport's No 1 groundhandler, says it has been appointed by MIAT Mongolian Airlines as its cargo ground handler at Hong Kong International Airport. MIAT Mongolian Airlines, the national carrier of Mongolia, chose Hactl to provide physical cargo handling services to its twice weekly scheduled passenger fl...
A RAIL freight service between the port of Chongqing and Antwerp is officially open for business, marking the realisation of the Eurasian Land Bridge, Xinhua reports. Established in 2010 by POM Antwerp Development Authority, the Antwerp Port Authority and Belgian customs, the service - run by Swiss intermodal logistics provider Hupac and their Russian pa...
A CARRIER source has revealed that increasing congestion and extended waits at Mombasa, Kenya's big port which handles 600,000 TEU a year, is prompting talk of surcharges. "Mombasa has major issues," an executive of an Asian-based carrier told London's Containerisation International. "Delays are averaging seven to nine days and have been consistent for ...
TIANJIN government has announced a plan to create a world-class aviation industrial base over the next decade within its Binhai New Area, Xinhua reports. Binhai New Area will build eight international and domestic bases serving the aviation, petrochemical, machinery manufacturing, electronics, pharmaceutical, energy and textile sectors. Tianjin will a...
SINGAPORE's Changi Airport has announced the arrival of Finnair to the Lion city to operate daily non-stop flights between Singapore and Helsinki. Helsinki is Changi airport's fifth new city link this year following the commencement of flights to Nanning, China (China Eastern Airlines); Pekanbaru, Indonesia (Silkair); Redang, Malaysia (Berjaya Air) and ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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