Airport ground handling companies have always been a source of speculation as far as present and possible new ownership is concerned. The consolidation process among ground handlers has been in effect for some years, whereby quite a number of smaller companies have disappeared and others have joined forces. Worldwide Flight Services (WFS), the Paris-based passenger, ground, aircraft and cargo handler changed hands in 2016 and it seems that the process is repeating itself very soon.
India's Home Ministry has reportedly formed a special committee which has been tasked to find ways to improve security at airport cargo terminals in the country against terror threats, the Economic Times reported. Read more>
The founder steps down and his sons take over. Johannes Riege has laid the future of his company in the hands of his sons Tobias, Christian and Benjamin. From now on, the brothers are responsible for running the business of the 1985 established company that since then has developed into a leading global provider of user-friendly software solutions for the cargo industry. And the expansion course of the family-owned firm continues unabated. Read more>
Just one day after Singapore Airlines reported a net profit of S$181.8 million (US$135.2m) for the fourth quarter ended March 31, reversing from a loss of S$138.3 million a year ago, the carrier made this surprising announcement: starting in 2020, it will spend more than S$100 million (€63 million) on cabin upgrades for its regional wing SilkAir and eventually merge it with the parent airline. Read more>
IN BRIEF, THE LATEST CARGO AIRLINE INDUSTRY NEWS. Read more>
Hong-Kong based 3PL Kerry Logistics’ delivery arm, Kerry Express, has entered into agreements with VGI, the multimedia subsidiary of Bangkok Mass Transit System (BTS), which will enable the parcel company to use the BTS Skytrain to extend its express delivery services. Read more>
General Sales Agent Leisure Cargo has appointed the Miami-based Strike Aviation Group as its sales agent for seven southeastern U.S. states. Established in 1997, Strike considers itself as an expert on perishables, enabling Leisure to capitalize on this product. Read more>
China’s second-largest e-commerce company, JD.com, has announced a US$306 million investment in pan-Asian logistics real estate company e-Shang Redwood (ESR), which will further expand its reach across Asia’s fast-growing online retail landscape, the South China Morning Post (SCMP) reported. Read more>
The officially-announced plans by U.S. largest retail chain Walmart to acquire a controlling 77% stake in India's leading online retailer company Flipkart for US$16 billion, have been thrown in doubt following the news that Flipkart's largest shareholder Japan's SoftBank is reportedly undecided whether to sell its 21% stake in the Indian online retailer, the Economic Times said quoting two sources familiar with the situation. Read more>
The Frankfurt-based freight carrier started serving Chengdu, located in China’s Sichuan Province. A Boeing 777 freighter capable of transporting roughly 100 tons per flight is being
operated on the Frankfurt-Chengdu-Shanghai-Frankfurt sector.
Meanwhile, LH boss Carsten Spohr reinforced his earlier criticism on Frankfurt operator Fraport AG concerning the services rendered and the airport’s price policy. Read more>
The Latin American carrier reports a 50 percent growth of its operating income and a net profit of US$94 million from 1 January until 31 March, 2018. Its cargo business contributed substantially to the positive Q1 figures. Read more>
IN BRIEF, THE LATEST CARGO AIRLINE INDUSTRY NEWS. Read more>
