Vietjet and Rolls-Royce have signed an agreement to provide Trent 700 engines and engine services for the airline’s incoming widebody fleet with a total value of approximately US$400 million during the Prime Minister’s attendance at COP26, the 26th United Nations Climate Change Conference of the Parties, in the United Kingdom. The Trent 700 is the only engine specifically designed for the Airbus A330 wide-body aircraft and is widely recognised for its outstanding efficiency and reliability. … [Read more...] about Vietjet locks in reinsurance, engine deals at COP26
Vietjet
Luxury retail group to launch Vietnam’s first cargo airline
Vietnam may see its first dedicated cargo airline by next year as luxury retailer Imex Pan Pacific Group (IPPG) submitted its proposal to the country’s civil aviation authority (CAAV) to establish an airline dedicated to freight transport. The conglomerate, through its subsidiary IPP Air Cargo JSC, will invest VND2.4 trillion (100 million USD) to develop its logistics capabilites and air network to handle both inbound and out bound shipments in Vietnam. Luxury retail tycoon and IPPG … [Read more...] about Luxury retail group to launch Vietnam’s first cargo airline
PLA Global Wrap: Week 15
In week 15 of PLA’s Global Wrap, we feature Airbus’s use of sustainable aviation fuel for its Beluga fleet, as well as the new purpose-built turboprop that FedEx deployed to carry shipments between Paris and Prague. We round up the wrap with other industry updates, including United’s new initiative, AEI’s new orders for its B737-800SF, and the French Legion of Honour making its way to Vietnam. Here’s what happened in week 14. Airbus cuts Beluga fleet’s environmental impact Airbus has taken … [Read more...] about PLA Global Wrap: Week 15
Vietjet eyes expansion in cargo business for 2021
Vietjet is set to introduce several new cargo services this year as Vietnam’s largest budget airline solidifies its global position in cargo transportation. The cargo division’s standing VP Tran Quang Hoa said the carrier would closely follow the development of the logistics market to meet the demand. “These services will be developed based on our existing products in 2020 which have optimized our fleet and operation and raked in quite a considerable amount of revenue for Vietjet in the … [Read more...] about Vietjet eyes expansion in cargo business for 2021
Air cargo makes profit for Asia’s smaller airlines
Whilst most carriers in Asia suffered dismal numbers for 2020 after witnessing the collapse of international airline operations brought about by the COVID-19 pandemic, there were some who banked on air cargo to rake in profits despite a challenging year. For the quarter ended 31 December 2020, Indian express operator Blue Dart posted ₹937.83 million (US$12.8 million) in profit after tax, from the previous year’s ₹330.80 million (US$4.5 million) loss, whilst revenue from operations stood at … [Read more...] about Air cargo makes profit for Asia’s smaller airlines
A toast to excellence, resilience at 7th Payload Asia Awards
On 22 January, the most outstanding companies in the air cargo supply chain were once again hailed at the 7th edition of the Payload Asia Awards. More than 60 industry professionals attended the digital awards ceremony, graced by representatives from airlines, cargo handlers, IT providers and express operators. In its 7th edition, the awards ceremony recognises the remarkable companies that have stayed resilient and kept the supply chain connected amidst a pandemic. In a unique format, … [Read more...] about A toast to excellence, resilience at 7th Payload Asia Awards