UK fund manager Scottish Widows Investment Partnership's Airport Industrial Property Unit Trust (AIPUT), a specialist owner and manager of airport-related and industrial warehouses, is launching a logistics unit at its Air Cargo Centre.
Airbus SAS, the European maker of commercial aircraft, predicted airlines will buy planes valued at $4.4tr in the next two decades, driven by demand in India and China and global growth among low-fare airlines.
Virgin Atlantic Cargo has become the first British airline to accept the new Sentry FlightSafe tracking device, developed by Texas-based airborne asset tracking solutions company OnAsset Intelligence, on its aircraft.
The first full-service carrier to move to Dubai World Central (DWC), the emirate's new airport, will likely begin operations during the summer of 2014, according to Dubai Airports CEO Paul Griffiths.
The International Federation of Freight Forwarders Associations (FIATA) and the International Air Transport Association (IATA) have announced that the Multilateral Electronic Air Waybill (e-AWB) standard has been approved, removing the need for bilateral e-AWB agreements between airlines and freight forwarders and thus simplifying the air freight supply chain process.
Nobody knows what the future holds for air cargo, but the mode is an important part of the economy, said Andrew Herdman, director general of the Association of Asia Pacific Airlines.
Statistics show a stabilization of airfreight markets on the back of encouraging growth towards the end of 2012. Compared to the previous year, the International Air Transport Association's (IATA) latest global airfreight demand statistics show demand for airfreight was "apparently very strong" at the start of this January with a rise of 5.0 percent.
Air Menzies International, a global trade-only airfreight and express wholesaler, has set up a new regional division to foster its development in India, and launched its own operation in Mumbai.
