June 2012


From the Editor

  • The ‘real’ intra-Asia trade

    It seems even the most optimistic in the air cargo industry have reset their viewpoints with a reality check. The oft expressed sentiment from a few months ago that the market has bottomed and will see some pickup sometime in the fourth quarter has quietly faded, replaced by the ‘hope’ of some recovery early next year. But the bigger fear of course is of the euro-sky falling.... Read More

Gateways

  • CHINA - China’s SF Airlines to expand cargo fleet

    While most of China’s domestic cargo airlines are experiencing operating losses due to sluggish market demand resulting from global economic uncertainty and China’s export slowdown Shun Feng (SF) Airlines, a Chinese privately run cargo operator, plans to expand its fleet. According to its chairman Li Dongqi the carrier will expand its freighter fleet from seven to more than 25 aircraft to meet growing demand for domestic express delivery services.... Read More
  • Cathay warns of hard times ahead

    Cathay Pacific Airways has warned that its financial results for the first half of 2012 are “expected to be disappointing”. In response to the changing market conditions and challenging business environment, the group is readjusting the capacity of both Cathay Pacific and Dragonair by reducing capacity on some long-haul routes while increasing capacity and introducing six new destinations in its regional network.... Read More
  • HONG KONG - April cargo plummets, Cathay ups India services

    Cathay Pacific Airways combined Cathay Pacific and Dragonair traffic figures for April 2012 show another drop in cargo and mail tonnage against passenger numbers growing year-onyear. Cathay Pacific and Dragonair carried 124,531 tonnes of cargo and mail in April, a drop of 11 per cent compared to April 2011. The cargo and mail load factor was down by five percentage points to 63.3 per cent.... Read More
  • Singapore Airlines sees net profits nosedive 69%

    High fuel prices and an uncertain global economy weighed heavily on the Singapore Airlines Group earnings in the 2011-12 financial year, pushing net profit down by S$756 million (US$589.6 million) or 69 per cent to S$336 million. Group revenue grew by $333 million (up two per cent) to $14.9 billion on the back of a 3.6 per cent improvement in passenger carriage, but partially offset by weaker yields.... Read More
  • SINGAPORE - A330 P2F conversion agreement signed

    ST Aerospace, Airbus and EADS EFW have finalised the agreement to launch the A330 Passenger-to-Freighter (P2F) conversion programme.... Read More

Belly Ache

  • More bang for the buck!

    More bang for the buck! Now this next item, we have to give props to Nordisk (they are still called Nordisk right? You’ll have to excuse us, we’ve been having a hard time keeping track of who has bought who lately).... Read More