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  • April 19, 2014
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  1. Cathay cargo venture set to take off

    Posted Nov 18th 2010, 12:00am by Anita Lam

    ... Anita Lam An air-cargo venture expected to increase Cathay Pacific Airways' presence on the mainland could take off as early as next month, chairman Christopher Pratt said yesterday. ... billion this year- but said he was optimistic about both cargo and passenger growth in the first quarter of next year. Cathay Pacific sealed an agreement with its subsidiary Air China back ...

  2. Cargo carriers bank on booming markets in Asia to fuel growth

    Posted Dec 20th 2010, 12:00am by Charlotte So

    ... regions, increased demand in Asia and emerging markets should make up for any such shortfall, said Lawrence Rosen, the chief financial officer of Deutsche Post DHL. Express cargo and freight ... trade should be higher next year, he said. Hong Kong- which is DHL's Asian hub- along with the mainland, should register cargo growth of about 10 per cent. Fleet expansion by DHL would ...

  3. Cargo carriers brace for more consolidation

    Posted Mar 01st 2010, 12:00am by Charlotte So

    ... Charlotte So A cargo joint venture agreed last week between Hong Kong flag-carrier Cathay Pacific Airways and Air China will likely trigger a wave of consolidation in China's highly fragmented air cargo sector, operators say. A tie-up between China Southern's cargo operation and China Cargo Airlines, the cargo unit of China Eastern Airlines, could be next, a China Cargo ...

  4. Cathay injects 1.67b yuan into Air China cargo venture

    Posted Feb 26th 2010, 12:00am by Charlotte So

    ... Charlotte So Cathay Pacific Airways yesterday agreed to provide 1.67 billion yuan (HK$1.9 billion), including aircraft and engines, to its joint-venture cargo operation with Air China, ending 31/2 years of negotiations over the deal. The injections of assets will allow Air China Cargo, currently wholly owned by Air China, to become one of the largest cargo airlines in Shanghai. ...

  5. HK Airlines to add five cargo aircraft

    Posted Jan 14th 2010, 12:00am by Charlotte So

    ... Charlotte So Hong Kong Airlines, a subsidiary of HNA Group, will launch its dedicated all-cargo aircraft service on Tuesday and plans to beef up its freighter fleet by the end of the year to exploit reviving demand for air freight. It will take delivery of three second-hand Boeing 737-300Fs, each capable of carrying 15 tonnes of cargo by March- the first was delivered on January 8- ...

  6. Air cargo volumes climb but rates still grounded

    Posted Jul 06th 2009, 12:00am by Charlotte So

    ... Charlotte So The cargo holds of aircraft plying the China-US route recently have been bulging with one of the must-haves of 2009 - Apple's iPhone 3G. But while the pick-up in demand for air cargo appears to indicate the worst is over for the sector, a total recovery is still a long way off. That rising demand for air cargo has not come with a commensurate recovery in freight ...

  7. China Southern, Air France seal cargo deal

    Posted Jun 03rd 2008, 12:00am by Charlotte So

    ... Charlotte So in Istanbul The long-awaited cargo joint venture between China Southern Airlines and Air France is closer to becoming a reality after the carriers entered into a framework agreement yesterday. The joint venture, to be called AE Cargo, will be the second air cargo joint venture between a European and mainland carrier after Jade International, a joint venture between ...

  8. China Merchants tips slowing cargo growth

    Posted Sep 03rd 2008, 12:00am by Charlotte So

    ... Charlotte So Port operator books 42pc rise in first-half profit China Merchants Holdings (International), the country's largest port operator, said softening demand for cargo ... to a 17.8 per cent increase in throughput at Shenzhen west port, where the company operates, amid a 31 per cent growth in cargo shipments between Asia and Europe. But the weakening European economy, ...

  9. Cargo rate fixing fine to hit Cathay's profit

    Posted Jun 28th 2008, 12:00am by Charlotte So

    ... million fine for fixing cargo rates in the United States, adding to the carrier's operating woes. The airline agreed to pay the amount to the US government as settlement for a conspiracy to fix prices for cargo fuel surcharges on flights between Hong Kong and the US. Cathay and three other carriers- Air France-KLM, Martinair and SAS Cargo Group- reached a deal with the Department ...

  10. DHL sees 15pc drop in air cargo, flat ocean freight in region

    Posted Dec 04th 2008, 12:00am by Toh Han Shih

    ... Toh Han Shih The market for air freight out of the Asia-Pacific is expected to drop 10 to 15 per cent in the first half of next year, while ocean freight out of the region will see zero year-on-year growth, says Herman Ude, the chief executive of DHL Glob ...




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