HONG KONG: Peak season bonus for charters
An unexpected surge during the traditional peak season has given the Hong Kong office of Air Charter Service reason to cheer in what it described as a Ã¢â‚¬Å“pleasant surpriseÃ¢â‚¬Â as freight volumes moving on charters dramatically increased since early October. Stephen Fernandez, cargo manager ACS Hong Kong, explains: Ã¢â‚¬Å“We started receiving enquiries in the middle […]
December 1, 2009
Ã¢â‚¬Å“After last yearÃ¢â‚¬™s distinct lack of peak season in the run-up to Christmas, and the general doom and gloom regarding the economy this year, this boom has come as a refreshing change,Ã¢â‚¬Â he added. But striking a note of caution, Fernandez noted that this surge may be Ã¢â‚¬Å“a bit of a Ã¢â‚¬ËœfauxÃ¢â‚¬™ peak season,Ã¢â‚¬Â created by a capacity vacuum due to the idled freighter capacity. Ã¢â‚¬Å“Still, itÃ¢â‚¬™s fuelled by demand, which can only be a good thing. How much this resurgent demand is galvanised by fewer aircraft is hard to say thoughÃ¢â‚¬Â. Air Charter Service said it was a record year in 2009, both in number of charters, and in revenue.