Guangzhou-based China Southern Airlines has applied to the Civil Aviation Authority of China (CAAC) to operate a new three-times weekly cargo service on the Shanghai Pudong- Anchorage-Chicago route by early next year. The carrier plans to use either B747-400Fs or B777s on this route. … [Read more...] about CHINA: China Southern aims for US cargo service
Air Freight Asia
CHINA: China posts 8.9 per cent Q3 GDP growth
China posted GDP growth of 8.9 per cent in the third quarter of the year, up from 7.9 per cent growth in the second quarter, Bloomberg reported. The growth rate, the fastest in a year, reflected heavy government stimulus spending and high lending growth. Helped by massive stimulus spending on infrastructure, urban fixed-asset investment rose 33.3 per cent in the third quarter. Industrial production rose 13.9 per cent year-onyear in September, the highest rate of growth in more than 12 months, … [Read more...] about CHINA: China posts 8.9 per cent Q3 GDP growth
CHINA: China’s big three carriers turn Q3 profits
China’s three major airlines all returned to profit in the third quarter thanks to stronger passenger demand and lower fuel prices. Air China saw its net profit for the July-September period reach US$125.3 million, compared to a loss of US$288.5 million in the same period of last year. China Eastern Airlines recorded a profit of US$3.4 million, following a US$341.2 million loss a year ago, while China Southern Airlines posted US$41.6 million, having lost US$121.5 million in the third … [Read more...] about CHINA: China’s big three carriers turn Q3 profits
CHINA: New cargo JV for Air China/Cathay
Air China and Hong Kong’s Cathay Pacific Airways will jointly set up China’s biggest cargo joint venture in Shanghai in early 2010 as the two carriers aim to tap the surging cargo volumes out of Shanghai Pudong. Air China will hold 51 per cent and Cathay Pacific will hold the remainder in the joint venture which will see the two carriers contributing 10 B747-400 freighters. “The venture is expected to be launched ahead of the 2010 Shanghai World Expo but still … [Read more...] about CHINA: New cargo JV for Air China/Cathay
SINGAPORE: Macquarie AirFinance opens in Singapore
Aircraft leasing specialist, Macquarie AirFinance, has chosen Singapore as the location for its new Asia/Pacific representative office. “The new office will enable Macquarie AirFinance to further develop its presence and customer base in the region, which is expected to be the prime area for growth in commercial aviation,†the Dublin-based company said in a statement. The Singapore office will be staffed initially by Harry Forsythe, VP Marketing, Asia/Pacific. … [Read more...] about SINGAPORE: Macquarie AirFinance opens in Singapore
SINGAPORE: Singapore Airlines Cargo loses Oz appeal
Australia’s Court unanimously dismissed an appeal by Singapore Airlines which sought to challenge the validity of compulsory investigation notices issued by the Australian Competition and Consumer Commission. The notices required Singapore Airlines Cargo to produce documents and information as part of the ACCC’s ongoing investigation into alleged international air cargo cartel activity. The primary challenge to the notices was whether routes between two points … [Read more...] about SINGAPORE: Singapore Airlines Cargo loses Oz appeal