An abandoned Spanish airport which cost nearly € 1.1 billion to build has been sold for € 10,000 in a bankruptcy auction. Ciudad Real Central Airport, located about 235km south of the capital Madrid, became a symbol of the country’s wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened. The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic. Chinese consortium, Tzaneen International, tabled the … [Read more...] about Spanish ‘ghost airport’ sold for 10,000 euros
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Spanish ‘ghost airport' sold for 10,000 euros
An abandoned Spanish airport which cost nearly € 1.1 billion to build has been sold for € 10,000 in a bankruptcy auction. Ciudad Real Central Airport, located about 235km south of the capital Madrid, became a symbol of the country’s wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened. The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic. Chinese consortium, Tzaneen International, tabled the … [Read more...] about Spanish ‘ghost airport' sold for 10,000 euros
Philippine cargo: Manila rises, Cebu declines
Two of the Philippines’ main air gateways — Ninoy Aquino International Airport (NAIA) in Manila and Mactan-Cebu International Airport (MCIA) — showed contrasting cargo performance for the first five months of 2015, according to latest data from the Manila International Airport Authority (MIAA) and Mactan-Cebu International Airport Authority (MCIAA). During the period, NAIA registered a 13 per cent growth in air cargo to 225,749 tonnes handled from January to May 2015, year-on-year. Of the … [Read more...] about Philippine cargo: Manila rises, Cebu declines
Chubu Centrair airport taps growing perishables trade
Chubu Centrair International Airport southwest of Tokyo near the city of Nagoya has emerged as a key hub for agricultural exporters as they capitalise on local subsidies, a growing global demand for traditional Japanese food and a weakening yen. With strong support from local authorities and the business community, including a recently introduced export promotion plan, some companies have moved cargo operations from other airports to Centrair, according to a report by Chunichi … [Read more...] about Chubu Centrair airport taps growing perishables trade
Strong growth for time:matters, revenue up 13%
Following the successful spin-out of Liefery, time:matters, the international expert for same-day delivery and special speed logistics, is reporting a very strong development in the core business the first six months of the current fiscal year showing more than 13 per cent increase in revenue as compared to the previous year. The company continued the positive developments of 2014, which was the strongest year in the history of the company, with a turnover growth of 10 per cent. The … [Read more...] about Strong growth for time:matters, revenue up 13%
FAA completes Thai audit, cites 3 problems
A US Federal Aviation Authority (FAA) team concluded its initial audit of air safety in Thailand with three key problem areas identified. Transport Minister ACM Prajin Juntong said the three problems included a shortage of qualified DCA staff to carry out air safety inspections of airlines — a concern which had also been raised by the ICAO; a lack of qualified staff for aircraft being operated in the country and an incomplete aviation manual, which might be due to lack of staffing, according to … [Read more...] about FAA completes Thai audit, cites 3 problems