USMCA to replace NAFTA

The United States, Mexico, and Canada have finally agreed on concrete parameters of a new trade agreement that will replace the North American Free Trade Agreement (NAFTA), called the United States-Mexico-Canada Agreement (USMCA). Signing is expected in two months, and the agreement will take effect on 1 January 2020. Some highlights: The new deal requires […]

Ethiopian launches first African freighter service to Miami

On Wednesday, Ethiopian Airlines launched the first of two weekly freighter flights between Addis Ababa (ADD) and Miami creating the first-ever cargo-only route between the African continent and Miami International Airport (MIA). The scheduled flights will operate on a route that includes intermediate stops in Spain (ZAZ), Colombia (BOG), and Belgium (LGG), and all flights […]

Fleet renewal underway at EVA

Taiwan-based EVA Air took delivery of a 777F (62826), the third of five it has on order with Boeing [FAT 004632]. The aircraft is being acquired as part of EVA’s fleet renewal program, which aims to replace the remaining 747Fs in its fleet with 777Fs by 2019. In related transactions, Atlas Air Worldwide Holdings acquired […]

Fraport sells its stake in Hannover Airport

Airport operator Fraport sold its 30% stake in Flughafen Hannover-Langenhagen (FHLG), the operating company of Hannover Airport (HAJ), to iCON Infrastructure Group for €109.2 million. Fraport had initially acquired a 20% stake in FHLG in 1998, followed by another 10% five years later. Fraport expects the deal will be complete within the next two months, […]

Volga-Dnepr, Henan Province partner on Belt and Road initiative

Russia-based Volga-Dnepr Group signed an agreement with Henan Airport Group and Zhongyuan Asset Management to form a “trans-Siberian air bridge” as part of China’s Belt and Road initiative, aimed at redeveloping the ancient Silk Road route between Europe and Asia. The partnership will focus on the Zhengzhou Airport (CGO) and the Zhengzhou Airport Economic Comprehensive […]

Rapid growth of China’s express market continues into 1H18

During the first half of this year, China’s domestic express delivery sector delivered 22.08 billion parcels, an increase of 27.5% y-o-y from 1H17.  International cross-border deliveries, which include parcels moving between mainland China, Taiwan, and Hong Kong and Macau, increased by 43.1% during the same period, to 520 million parcels, according to statistics from the […]

Walmart, JD.com invest $500 million in Chinese online delivery company

Walmart and JD.com will invest $500 million in the Chinese online delivery company Dada-JD Daojia. The company was formed from the merger of JD.com’s JD Daojia online-to-offline business and Dada Nexus, the crowd-sourced delivery company. JD Daojia partners with retail stores to provide one-hour delivery services for groceries and other items, and Reuters estimates JD […]
Page 4 of 5«12345 »
Get Latest Issue