news
Big B777 fleet increase at Saudi
SaudiArabianAirlineshasplacedanorder for 12 ‘freight-friendly’ B777-300ER (Extended Range) aircraft,with an option for 10more. The order, which is valued at US$3.3
IN BRIEF
EXPRESS servicesproviderFedEx has begun operating its second B777 freighter routeing in the China market,
connecting
Memphis with Shenzhen. FedEx began flying the B777F to Shanghai inJanuary this yearbut this new four times a week operationisdesignedtomeet the “growing demand for capacity betweensouthernChina andthe US”.
BRITISHAirwaysWorldCargo reporteda traffic volumeof 2.29 billioncargotonne-kmfor the half-yearperiodending30
September.The result represents anincreaseof 2.4percentonthe sameperiodlast
year.Cargo capacity for the same six-month periodwasdown1.4percent.
TOLLGLOBAL Forwarding– the fast-growinginternational logistics andforwardingdivision ofAustralia’sTollGroup– has establishedanewNordics division,withtheopeningof offices inAarhus,Copenhagen (headquarters) andHelsinki.
AMSTERDAM Airport Schiphol has signed a memorandum of understanding on e-Freightwith Singapore’s Changi airport. According to the agreement, both airports will facilitate and promote the use and further development of paper-free air cargo transport to their local supply chains.
billion at average list prices, was accompanied by a confirmation for eight B787‘Dreamliner’aircraft to join the long- haul fleet of the Saudi carrier. Saudi Arabian Airlines director general
Khaled Al-Mulhim said the decision to order the B777-300ER was part of a long-term growth strategy to expand andmodernise the company’s fleet with newer, more fuel- efficient aircraft. Withthisorder,Saudi
Arabian Airlines will be operating 35 B777s.
SWITZERLAND-headquartered multi- modal forwarder Panalpina achieved growth of 27 percent in its air freight volumes during the first ninemonths of this year, compared to the same period of 2009. “These results confirmthatwe are on
the right path... We are continuing to outgrowthemarketwithabove average volume growth in both air and ocean freight,”saidCEOMonika Ribar. While third-quarter gross profit
increased by 13 percent year-on-year, Panalpina noted a slowdown in the market as restockingactivity lessened. The freight forwarder alsostatedthat,
although its costs increased in the third quarter,productivityremainedhigh,and earnings rosefromCHF22million(US$23 million) in July - September 2009 to CHF59million($61million). Highlightsof thequarter includedthe
launch of Panalpina’s own air freight flights
toDubai.The emirate is nowpart of a round-the-world freighter service
4 AIR LOGISTICSCHINA
Growth puts forwarder Panalpina‘on the rightpath’ to
that operates from Luxembourg
Dubai, South Africa, Hong Kong, North America and Latin America. Panalpina has
also introduced an express service to Brazil. With a 30- hour transit time, it connects Hong Kong with São Paulo via Huntsville intheUS. Looking ahead, Ribar commented:
Ribar: “we are continuing to outgrow the market”
“Our targets for2010arewellontrackfor full achievement… our focus on customers, products and industry verticals will support our goal to continuously expandourmarket share.” Panalpina has
reaffirmed its
anticipated air freightmarket growth of 15 percent for this year. However, Ribar expects that thefourthquarterwillbring a further slowdowninvolumegrowth.
Thecarrier receivedits firstB777-200ER
inDecember1997andhas sincedeployed its 23of the aircraftonshort,mediumand long-haul routes across its network. Leasing company BOC Aviation has placed an order for eight B777-300ERs valued at approximately $2.2 billion at average
listprices.The companywill lease the new aircraft to Thai Airways International .
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