Exceptional times call for exceptional measures. The past year has been a real challenge—and air cargo executives around the world have often asked us, the freight publications, to help express their gratitude to those who have kept the world moving. So nine air freight titles have suspended competitive concerns today to publish an article together: a representative sample of ‘thank yous’ from companies around the world. It acknowledges the work done in a momentous year, 12 months … [Read more...] about Joint article: Air cargo heroes go beyond the extra mile
Airport Authority Hong Kong
HKIA: Cargo stays resilient as passenger volume collapses
Hong Kong International Airport’s cargo operations is slowly getting back to the pre-Covid levels as December saw a 0.2 percent year-on-year drop in cargo handled at 443,000 tonnes. HKIA’s total cargo throughput in 2020 remained relatively stable at 4.5 million tonnes, recording a 7 percent year-on-year drop. Cargo imports and exports continued climbed 18 percent and 8 percent, respectively, as the number of cargo flights during the year went up 18.3 percent. Meanwhile, trans-shipments … [Read more...] about HKIA: Cargo stays resilient as passenger volume collapses
HK Airport Authority prices maiden US$1.5 billion perpetual bonds
Airport Authority Hong Kong (AA) today announced its dual-tranche debt securities offering of US$1.5 billion, split between US$750 million non-call 5.5-year and US$750 million non-call 7.5-year perpetual capital securities. The transaction marks the Airport Authority's first foray into the perpetual bond market, which is also the first US dollar senior perpetual offering in the public bond market from an airport globally. The proceeds from the securities will be used to fund AA’s capital … [Read more...] about HK Airport Authority prices maiden US$1.5 billion perpetual bonds
HKIA hosts first online job fair with over 500 open posts
The Airport Authority and Hong Kong’s Labour Department jointly kicked off the first Hong Kong International Airport (HKIA) Virtual Job Fair, which will run from 12 to 13 November. Over 500 job openings with around 30 companies across the airport community are up for grabs, covering different aspects of airport operations, including air cargo, airport security, baggage handling, technical services, engineering, and customer service. Also read: Is Hong Kong ready to move a … [Read more...] about HKIA hosts first online job fair with over 500 open posts
Is Hong Kong ready to move a vaccine?
As the world’s busiest air cargo hub, Hong Kong airport and its partner ground handlers and ramp handling operators have a huge role to play in the transport of a Covid-19 vaccine not just in Asia Pacific but across the globe. Describing it as the “biggest product launch ever,” players in the global pharma supply chain are scrambling to prepare for the massive logistics this would entail, albeit faced with a few unknowns, such as packaging, product specifications, volume … [Read more...] about Is Hong Kong ready to move a vaccine?
HKIA’s cargo volume dips 4.4 percent in September
Hong Kong International Airport (HKIA) reported a slide in cargo volume for September despite uptick in imports and exports as capacity remains constrained. The world’s busiest air cargo hub saw freighter movements improve from last month’s 21.5 percent, up 25 percent compared to the same month last year. However, this was not enough to hoist the volume as it dipped 4.4 percent from September 2019. Cargo volume in August was down 3.5 percent year on year. Also read: HKIA: Cargo steady in … [Read more...] about HKIA’s cargo volume dips 4.4 percent in September