Hong Kong airport posts revenue, profit highs

Hong Kong International Airport (HKIA) set new records for both revenue and profit in the financial year ended March 31, 2012. Revenue rose 14.8…

Changi reports drop in cargo volume for May

Cargo traffic at Changi Airport Singapore continues to be sluggish. The airport registered 152,900 tonnes of cargo in May, down 2.8 percent year-on-year, the…

HKIA posts modest traffic growth for May

Hong Kong International Airport (HKIA) recorded a slight growth in cargo volume for May, registering the first year-on-year growth since March last year. Cargo…

Cathay Pacific, Dragonair see 10.6% fall in cargo traffic

Despite good traffic within Asia-Pacific, sister carriers Cathay Pacific Airways and Dragonair reported a significant drop in their combined global cargo and mail tonnage…

Malaysia’s MASkargo to pay fine of $6 million for price-fixing

Malaysian Airline System and its cargo division MASkargo have agreed to pay a fine of AUD6 million (US$6 million) after the Australian Federal Court ruled…

Market uncertainties weigh down on Hong Kong’s AAT

Asia Airfreight Terminal Co Ltd (AAT) announced a 3 percent drop in its tonnage throughput to 58,088 tonnes for May 2012 compared to the…

IATA: Euro crisis threatening aviation’s weak profits

Global aviation profits for 2012 are set at $3 billion, unchanged since the last update in March, but the euro debt crisis remains a big…

Tiger buys 40% of SEAir for $7M

Singapore-based low cost carrier Tiger Airways has acquired 40% of local budget airline operator Southeast Asian Airlines (SEAir), Inc for $7 million. “The investment…

Airfreight flies low for April

Global traffic trends in airfreight remain on a downward path, as cargo volumes declined by 4.4 percent in April year-on-year, according to the Airports…

Cebu Pacific signs $280M maintenance contract with Rolls-Royce

Cebu Pacific formally signed a $280-million contract with Rolls-Royce which will provide long-term service support for its Trent 700 engines on up to eight…

HK airport authority takes next step in runway expansion

The Airport Authority Hong Kong (AAHK) has submitted the project profile detailing the planned expansion of Hong Kong International Airport (HKIA) and its potential…

Asia-Pacific cargo airlines battling soft market, steep oil prices

Cargo airlines based in the Asia-Pacific region continued to feel the impact of weak global markets in April, said the Association of Asia Pacific…

IATA: World air cargo demand still weak but tracking growth

International air freight demand went down 4.2 percent in April this year compared to the same period last year, according to the latest traffic…

Hacis goes for ITFS to speed its road feeder services

Hacis (Hong Kong Air Cargo Industry Services Limited), the road feeder and added-value services arm of Hactl, is equipping all of its air cargo…

Schiphol welcomes back Thai Cargo

Amsterdam Airport Schiphol has welcomed the inaugural flight of Thai Cargo’s new weekly B747 freighter services. The aircraft – delivered in early May –…

Automated export system mandatory in all PH seaports by June 1, in airports by Aug 1

The use of the automated export declaration system under the Philippine Bureau of Customs’ (BOC) electronic-to-mobile (e2m) system will be mandatory in all seaports…

Hui retains post as AAHK head

Stanley Hui Hon-chung will stay on as CEO of Airport Authority Hong Kong for two more years from February 1, 2013, an AAHK media…

Hong Kong’s AAT tonnage throughput slips in April

Asia Airfreight Terminal (AAT) announced that its cargo volume in April 2012 dropped slightly compared with the same period last year as transshipment throughput…

Singapore’s Changi airfreight volume falls

Changi Airport of Singapore reflected the current downturn in most export markets worldwide by registering a 4.9 percent drop in cargo traffic for April…

PH air cargo volume up 15% in first quarter

Philippine air cargo shipments handled by the country’s top five airlines increased 14.9% in the first quarter of the year to 45.74 million kilograms…