question of the month


As we prepare to enter the new year in 2012, what do you see ahead for the air logistics business over the next 12 months?


WILLIAM J FLYNN president and CEO, Atlas Air Worldwide Holdings


Results during the third quarter of 2011 benefited from the global scale of our time-definite operations, with growing air freight demand in the Middle East, Africa and South America, which are key markets for our customers. Our strong ACMI (aircraft,


crew, maintenance and insurance) segment results reflected a reallocation of 747-400 freighter capacity from commercial charter to meet increased ACMI customer demand in 2011. Over the last several years,


we have transformed our business and we believe that our modern, efficient fleet, business mix and solid balance sheet will allow us to continue to do well in all economic conditions. While the weak global


BRIAN WU director, BEL International Logistics


The figures show that the air logistics business has been in a period of gloom throughout 2011 and many people forecast a bad 2012. Certainly we do not see any


positive factors in the economy that can trigger the demand from the western countries, especially Europe and US. We can compare the current


By year-end 2012, our cargo operations are expected to include seven B747-8Fs ... and 24 B747-400 freighters


economy has affected the air freight market and our business during the third quarter of 2011, we expect substantial improvement … driven by increased customer utilisation of our ACMI aircraft; introduction of our 747-8F aircraft into service; increased commercial charter demand; substantially lower maintenance expense; and continued productivity improvement and cost controls. Our new 747-8Fs reinforce our market-leading position in


outsourced aircraft and aviation operating services, and we believe they will drive substantial growth and profitability of our business. By year-end 2012, our cargo operations are expected to


include seven B747-8Fs (with two additional aircraft to be delivered in the first half of 2013) and 24 B747-400 freighters.


situation with that in 2009 – the period after the global financial crisis. Some have said that 2011 was even worse because during this year the aircraft capacity did not drop much compared to 2009. Whenever there are new


products in the market (such as iPhone 4S, Samsung and so on), the extra cargo volume can be absorbed easily. But having given a


If a market player wants to grow then perhaps it should consider changing its strategies or diversifying the service items on offer


negative view of 2012, if a market player wants to grow then perhaps it could consider changing its strategies or diversify the service items on offer in order to avoid putting all their eggs in one basket. Luxury items like garments, accessories, cars and wine are


getting very popular in China. The forecasts show there will be a continuous increase in these items over the next five years. As a small to medium size market player headquartered


in Hong Kong for 33 years, BEL has developed new services supported by the existing resources, such as wine logistics, high-value items such as paintings and sculptures for exhibitions and these help to contribute a more versatile service profile for our family-owned business.


24 AIR LOGISTICS CHINA


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