Archive

Saudi Arabian Airlines appoints HSBC to arrange 5 bln riyal sukuk

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April 25, 2016 National carrier Saudi Arabian Airlines (Saudia) has appointed HSBC as the lead arranger for a 5 billion riyal ($1.3 billion) sukuk issue, its director general said on Monday. The sukuk would be sold in the second half of the year, Saleh al-Jasser told reporters. Jasser said last month that the sukuk offering […]

TNT reduces losses to 14 million euros

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April 25, 2016 TNT has reduced its losses to 14 million euros ($15.7 million) in the first quarter of 2016 despite revenue dipping 2.2 per cent to just under 1.6 billion euros. Along with reducing losses by 26.3 per cent from 19 million euros in the first quarter of 2015, TNT reduced its operating loss […]

Tianjin Airlines to connect Gatwick with Chongqing and Tianjin

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April 25, 2016 Gatwick Airport is to receive its first Chinese services with flights to Chongqing then onto Tianjin, served by Tianjin Airlines. Tianjin Airlines will use an Airbus A330 on the twice weekly service departing Gatwick at 22.25h on Wednesdays and Saturdays from 25 June. The Gatwick-Chongqing-Tianjin service will be Tianjin Airlines’ first long-haul […]

Southwest Air Reports Higher Q1 Profit

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April 21, 2016 Southwest Airlines reported a 13 percent increase in Q1 net income and said it expected unit revenue to rise “modestly” in the second quarter. The US budget carrier said it earned USD$511 million in the first quarter, up from USD$453 million a year earlier. The airline offered a bright picture of US […]

Airbus A320neos Delayed 2-3 Months – Norwegian Air

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April 21, 2016 Airbus has delayed deliveries of the A320neo by two to three months for additional tests of its Pratt & Whitney engines, the chief executive of Norwegian Air said. “The A320neo has some teething issues but we are working with Pratt & Whitney to solve the problems,” an Airbus spokeswoman said. “We are […]

Dnata passes one million tonne mark at DWC

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April 21, 2016 Dnata has handled one million tonnes of cargo at Dubai World Central (DWC) since 2011, helped by 90 per cent growth in volumes since 2011. Since its first full year of operations in 2011, cargo volumes have increased from 89,729 tonnes to 170,260 tonnes in 2015, far exceeding the original growth forecast […]

Freight forwarder Panalpina outstrips market in Q1

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April 21, 2016 Panalpina says in the first quarter (Q1) of 2016 its airfreight volumes grew five per cent to 216,000 tonnes – in a market that shrank an estimated three per cent. The Swiss freight forwarder says while volumes “contracted substantially in oil and gas“ they grew in all other industries including perishables. In […]

DHL opens Advanced Regional Center in Singapore

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April 20, 2016 DHL Supply Chain has launched its 160 million Singapore dollar ($119 million) Advanced Regional Center (ARC) in Singapore, which includes 130 robotic shuttles increasing picking efficiency by 20 per cent. The 90,000 square metre facility includes an S$18.8 million multi-customer automation system featuring advanced robotics with the ability to pick and store […]

Volga-Dnepr and Sheremetyevo partner up for cargo development

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April 20, 2016 Volga-Dnepr Group and Sheremetyevo International Airport have joined with the aim of growing the air cargo industry in Russia. They have signed an agreement on long-term and mutually-beneficial co-operation to develop cargo at the Moscow gateway, which they say aims to achieve correspondence with the high global industry standards. This is a […]

DHL Global Forwarding, Kewill release customs brokerage system

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April 19, 2016 As the import-export industry prepares for the coming Automated Commercial Environment (ACE) being set up by the end of this year by U.S. Customs and Border Protection as the new “single window” through which international trade will be processed, DHL Global Forwarding (DHL-GF) has introduced its new U.S. Customs brokerage management system, […]