ASL Aviation Group has announced that its shareholding in Bangalore-based Quikjet Cargo Airlines through ASL subsidiary Farnair Switzerland AG is to increase to 72.59 per cent. The Foreign Investment Promotion Board (FIPB), which is the relevant agency of the Government of India for all Foreign Direct Investments, has approved Farnair’s application to increase its shareholding. The approval has come just months before the planned start of B737 scheduled domestic cargo services. … [Read more...] about ASL to increase stake in India’s Quikjet
Express
ASL to increase stake in India's Quikjet
ASL Aviation Group has announced that its shareholding in Bangalore-based Quikjet Cargo Airlines through ASL subsidiary Farnair Switzerland AG is to increase to 72.59 per cent. The Foreign Investment Promotion Board (FIPB), which is the relevant agency of the Government of India for all Foreign Direct Investments, has approved Farnair’s application to increase its shareholding. The approval has come just months before the planned start of B737 scheduled domestic cargo services. … [Read more...] about ASL to increase stake in India's Quikjet
Virgin Atlantic adds Detroit
Virgin Atlantic Cargo has added Detroit to its list of daily flights to and from London Heathrow Airport. The daily A330 flight will offer more than 16 tons of capacity in both directions and the airline expects customers in the UK, Europe, India and South Africa that already use its daily Chicago services to welcome a second destination into the US Midwest air cargo market. John Lloyd, senior vice president cargo at Virgin Atlantic, said: “Transatlantic services have been our biggest … [Read more...] about Virgin Atlantic adds Detroit
Airfreight yields continue to drop
WorldACD reported global airfreight volume in April increased by 3.3 per cent year-over-year (YoY), slightly lower than the growth in Q1, with the origin Europe (4.1 per cent) and the destination North America (12.6 per cent) as the best performing areas. Yields continued to drop: measured in USD, they have now lost almost 11 per cent of their early 2014-values. Excluding surcharges, however, yields in USD increased by 1.4 per cent YoY during the first four months of 2015. In line with … [Read more...] about Airfreight yields continue to drop
TNT opens new air route to Malta
TNT has launched a new air route between its main European air hub in Liege and Malta. The flight will run five times a week on a B737-400 aircraft, with a stopover in Marseilles on both outbound and inbound journeys. The flight arrives at Malta International Airport in the morning and departs in the evening, allowing for afternoon pickup in Malta and next day delivery to all of Europe. Ian Clough, managing director international Europe, said: "The addition of Malta to our European air … [Read more...] about TNT opens new air route to Malta
DHL uprades its Americas hub for US$108M
DHL is investing US$108 million to expand its Americas hub facility at the Cincinnati/ Northern Kentucky airport (CVG) to meet the demands of continued growth in international ecommerce and global trade. The expansion will provide more gates to accommodate additional aircraft, warehouse space and new equipment to provide more capacity for sorting shipments as well as unloading and reloading aircraft. Stephen Fenwick, CEO, DHL Express Americas, said: “This multi-million … [Read more...] about DHL uprades its Americas hub for US$108M