Fraport January Figures: Passengers Strong, Cargo Disappointing

Simultaneously, Rhine-Main and IT specialist Dakosy agreed on implementing a digital cargo portal at FRA for shippers of dangerous goods. Frankfurt Airport reports a 1.3% increase in cargo tonnages handled last January and a 7.6% rise in passenger figures. On the passenger side the main growth driver was the European passenger movement. Cargo increases were […]

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Asia

Last year, Guangzhou’s aircraft maintenance bases recorded 3.26 billion yuan (US$520 million) in total revenue, a year-on-year increase of 30%, making the city a global aeronautical maintenance hub.According to Li Tongbin, vice general manager of China Southern, converting passenger aircraft into freighters is the top priority for the industry, with independently manufacturing planes on the […]

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LH Cargo Looks Optimistically Towards 2018

Lufthansa Cargo intends levying charges for paper documented air freight shipments. “We are seriously considering this step,” exclaimed the manager at the ACD attended by 75 participants, mostly forwarding agents. He left open any precise date and amount but spoke of a “timely introduction” of this measure.Reason for the carrier’s rushing forward in this matter […]

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Singapore

GLP bought the company from Toronto-based fund manager Brookfield Asset Management, the world’s second-largest real estate fund manager. Brookfield acquired Gazeley from Dubai World in 2013 as part of a planned expansion in Europe for an undisclosed sum.GLP, which has Singapore sovereign wealth fund GIC as its single largest shareholder, was bought earlier this year […]

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