Post Tagged with: "Hong Kong"

Cargo shines in Cathay’s dark first half

Cargo shines in Cathay’s dark first half

Asia, Capacity & Demand, Carriers, Earnings, News August 18, 2017 at 10:16 am

The Cathay Pacific Group reported a net loss of US$262 million in the first half of 2017, down from a profit of $45 million in 1H16, as the carrier’s passenger business struggled in the face of increasing competition from airlines based in mainland China. On the cargo side, however, thereRead More

Cathay and DHL plan reorganization of Air Hong Kong

Cathay and DHL plan reorganization of Air Hong Kong

Aircraft, Asia, Carriers, Express, News, Strategy July 11, 2017 at 10:49 am

In an announcement on the Hong Kong Stock Exchange, Cathay Pacific Airways and DHL Express said they had entered into a non-binding memorandum of understanding covering a change in ownership of their Hong Kong-based joint-venture all-cargo airline, Air Hong Kong (AHK). In the MoU, the two companies say “it isRead More

YTO Express acquires OTEL to use as springboard for international expansion

YTO Express acquires OTEL to use as springboard for international expansion

Asia, Carriers, E-Commerce, News May 17, 2017 at 10:58 am

On 8 May, Shanghai-headquartered courier, YTO Express announced its intention to acquire a 61.87% stake in Hong Kong-based forwarder and logistics specialist, On Time Logistics (OTEL), and establish its international business headquarters in Hong Kong. The acquisition will support YTO’s efforts to go global by leveraging OTEL’s international business expertise,Read More

Top 20 cargo airports for 2016

Top 20 cargo airports for 2016

Airports, Asia, Capacity & Demand, News, Traffic April 19, 2017 at 9:55 am

According to preliminary data from the Airports Council International, total cargo handled (loaded and unloaded freight and mail) by airports worldwide in 2016 was up 3.3% over 2015 to about 106 million tonnes. International freight handled was up 4.3% to about 66 million tonnes, accounting for a little more thanRead More

Cathay Pacific's cargo division ended 2016 with a strong performance in December.

Huge jump in Hong Kong cargo volume

Airports, Asia, Capacity & Demand, News, Traffic April 17, 2017 at 10:52 am

Hong Kong International Airport reported cargo volume in March up 17.7% y-o-y, to 433,000 tonnes. In 2015, cargo volume growth at HKIA  stalled, and the Airport’s full-year handle was up just one-tenth of one percent over 2014. This stagnation continued through the first half of 2016, and, despite a strong finish inRead More

Hong Kong Airlines web

HNA Group affiliates gobble up Hong Kong-based assets

Airports, Asia, News March 27, 2017 at 10:28 am

Hong Kong Airlines recently acquired a 51% stake in SATS HK, the Hong Kong affiliate of Singapore-based airport services provider, SATS. In parallel, Hong Kong Airlines’ investment arm, Holistic Capital Investment, acquired a 35% stake in Asia Air Freight Terminal (AAT) (a stake that was owned by forwarder and logisticsRead More

The quiet rise of Chinese express: STO launches Brescia 747F flights

The quiet rise of Chinese express: STO launches Brescia 747F flights

Asia, Carriers, E-Commerce, Express, News March 23, 2017 at 10:54 am

Beginning today, 23 March, an SW Italia 747-400F operated for China-based Shentong Express (STO) will touch down regularly at Brescia Montichiari Airport (VBS), just 100km east of Milan. The new thrice-weekly cargo service connects Hong Kong International Airport (HKG) to Brescia via Baku (GYD), reportedly carrying express parcels and ChineseRead More

Hong Kong’s U-Freight: Industry only ‘scratched surface’ of e-commerce

Asia, E-Commerce, Strategy January 8, 2017 at 11:10 am

 After attending the recent Amazon Global Selling Expo in Hangzhou, China, Hong Kong-based logistics firm U-Freight Group said that the growth potential for global e-commerce is “far from exhausted,” even in well-established regions, such as the United States, Europe and Japan. U-Freight CEO Simon Wong added, however, that the airRead More