Tag: Air Transport

Blue Dart arm sale cleared

Posted by | Nov 23, 2004 | |

Following DHL Worldwide’s proposal to acquire 68 per cent equity stake in Blue Dart Express, the company is hiving off its aviation business into a separate entity to avoid violation of foreign equity investment norms. According to foreign equity participation norms, foreign airlines are not permitted to pick up equity, directly or indirectly, in domestic air transport services. Courier and express company Blue Dart Express has approved the sale of its 100 per cent subsidiary Blue Dart Aviation to its promoters Tushar Jani and Khushroo Dubash.

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Multinational express companies aim at Shanghai

Posted by | Nov 22, 2004 | |

Latest Customs’ statistics show that Shanghai has become an air express (AXPS) hub in China, and even in Asia and the Pacific region. Multinational express companies are one after another increasing their investment and shifting their regional business focus to Shanghai.

Shanghai is an aviation hub port and a leading city in the development of the Yangtze River Delta area. Since this year, the amount of both inbound and outbound express delivery handled by Shanghai Port has grown over 50 percent over the same period of 2003, and the port even ranked first in China in terms of amount of air express handled, which had reached 8 million pieces by the end of September this year.

The world’s largest express operator, UPS of the United States, after shifting its Grand-China-Area headquarter from Hong Kong to Shanghai, plans to construct an Asia-Pacific area transshipment center in Shanghai, and then centering on Shanghai, to develop international through express business in Qingdao, Guangzhou and Xiamen. Several other international express giants, including DHL and TNT, are also planning such operation system in China.

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DOT orders FedEx to repay USD29 million

Posted by | Nov 12, 2004 | |

FedEx Corp. is challenging an order by the US Department of Transportation to repay USD29 million of the federal money it received after the 2001 terrorist attacks, a spokesman said Friday. The Air Transportation Safety and System Stabilization Act provided financial relief to US air carriers after the Sept. 11, 2001, attacks. FedEx was paid USD101 million under the act in 2002. But a review by the Department of Transportation determined that the company was only entitled to USD72 million and it wants FedEx to repay the rest. “We will vigorously challenge this,” FedEx spokesman Jess Bunn said. “We’ve already started looking at various ways to appeal this decision.”

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DHL streamlining to impact ABX Air revenues

Posted by | Nov 10, 2004 | |

ABX Air, the one-year-old air cargo airline spun off from courier Airborne Express following the merger with DHL in 2003, said it expects to lose USD86 million to USD96 million in gross revenue in 2005 as a result of route restructuring by primary customer DHL. Airborne was forced to spin off its in-house airline to comply with U.S. corporate citizenship laws for owning domestic airlines. DHL retained ABX as its main air carrier, along with Astar Air Cargo, formerly DHL Airways. DHL notified ABX that it no longer would require airlift on 22 routes provided by 26 aircraft. Seven of the 26 aircraft are to be removed from service in January, with the remaining 19 aircraft removed by the end of 2005. The projected revenue reductions include money the airline made from marking up expenses to operate its planes. ABX said annual net income would take a hit in the range of USD800,000 to USD1.5 million.

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Leipzig/Halle is favoured option for central DHL hub

Posted by | Nov 9, 2004 | |

Deutsche Post World Net intends to extend the Airport Leipzig/Halle into the central European hub of its express and logistics subsidiary DHL. Plans for a move to the alternative location Vatry, France, are not pursued any further at present. As no political consensus on an extension could be achieved in Belgium, it is intended to maintain Brussels as a regional hub from 2008 onwards. Until then, DHL plans to keep activities running at the current scale at Brussels Airport. Following the successful finalization of all negotiations and preparations, start of operations in Leipzig could be realized at the beginning of 2008. The Group plans to invest around 300 million euros in the new site and to create around 3,500 jobs by 2012. “This is a location that would pave the way for the necessary growth of DHL in the future and provides the Group with long-term planning security”, says Dr Klaus Zumwinkel, Chairman of the Board of Management of Deutsche Post World Net.

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