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 Cathay transfers 16 Airbus jet orders to HK Express

 Cathay transfers 16 Airbus jet orders to HK Express

Nov. 10 | The Cathay Pacific group announced it will allocate half of its 32 A321neo aircraft for delivery between 2020 and 2024 to HK Express, as it aims to expand its operations in the budget market. The group stated in a release November 8 that its full-service...

Air freight volume falls, passenger traffic grows below average in Sep

Air freight volume falls, passenger traffic grows below average in Sep

Nov. 8 | Global air freight demand fell in September, the 11th month in a row of year-on-year decline, while passenger markets continued their below-average growth, according to International Air Transport Association (IATA) data. Freight volumes decreased by...

FedEx to expand Clark operations but keep Aspac hub in China

FedEx to expand Clark operations but keep Aspac hub in China

Nov. 7 | Photo from www.fedex.com Global logistics operator Federal Express Corp. (FedEx) said it will expand its operations to Clark in Pampanga but clarified it has no plans of transferring its Asia-Pacific hub from China to the Philippines. “FedEx is not...

General cargo declines but special cargo soars in Sep—WorldACD

General cargo declines but special cargo soars in Sep—WorldACD

Nov. 6 | As with the previous months of the year, September saw worldwide air cargo volume shrink, declining by 5.4% year-on-year, with Asia-Pacific the hardest hit region, according to WorldACD market data. But even as general cargo fell 8.7% year-on-year, special...

Cebu Pacific signs $4.8B contract for 16 planes

Cebu Pacific signs $4.8B contract for 16 planes

Nov. 4 | The A330 will consume 25% less fuel compared to older generation Airbus jets. Photo from www.airbus.com. Cebu Pacific has signed a purchase agreement with European aircraft maker Airbus SAS for the order of 16 A330neo aircraft valued at US$4.8 billion. Each...

Thailand to construct $7.4B high-speed rail linking three airports

Thailand to construct $7.4B high-speed rail linking three airports

Nov. 4 | A US$7.4-billion high-speed rail linking three airports from Bangkok to the tourist town of Pattaya is set for construction in Thailand. The public-private partnership (PPP) contract between the State Railway of Thailand and the Charoen Pokphand Holding...

Passenger markets show signs of strain, freight decline continues into Aug

Passenger markets show signs of strain, freight decline continues into Aug

Nov. 4 | The global air passenger market benefitted from a small uptick in August year-on-year but its resilience is starting to fray, while the air freight industry continues to be in decline for nearly a year now, according to Airports Council International...

Air freight forwarding volumes fell 4.2% in H1—Ti report

Air freight forwarding volumes fell 4.2% in H1—Ti report

Nov. 1 | The global air freight forwarding market contracted 4.2% year-on-year in the first half of 2019, with the market reeling from the economic slowdown and US-China trade war, according to a Transport Intelligence (Ti) report. The report also projects full-year...

Air passenger traffic to reach 19.7B by 2040—ACI forecast

Air passenger traffic to reach 19.7B by 2040—ACI forecast

Nov. 1 | Global air passenger traffic is projected to grow 3.7% annually and reach 19.7 billion by 2040, with China set to become the largest passenger market, according to Airports Council International (ACI) in its annual air traffic outlook. In 2018, global...

Sangley Airport starts 7-day trial run before formal launch

Sangley Airport starts 7-day trial run before formal launch

Oct. 30 | Sangley Airport in Cavite began its dry run on October 29 and is expected to go into full operations seven days after. “I will finish the dry run in seven days. After seven days, it (airport) must be operational as an ideal entity,” Transport Secretary...