Penauille Polyservices Annual Report 2001
Penauille Polyservices Annual Report 2001
includes Servisair
Tag: Air Transport
APE launches next-day service to Malaga
Asia Pacific Express (APE) last week launched a direct next-day service to Malaga following its acquisition last month of fellow wholesaler Spanish Courier.
The morning flight to Malaga allows afternoon deliveries in Gibraltar. Spanish Courier was already offering morning flights to Barcelona and Madrid.
APE first became involved with the Iberian market when it took over IXC earlier this year.
Air express sector lagging
Air express and heavy freight carriers have yet to show any sustainable signs of a recovery, according to one Wall Street report.
Air volumes for United Parcel Service were down approximately 5% in May, compared with the same month in 2001, according to preliminary data from the Morgan Stanley Air Express Demand Index.
While some of that decline may reflect traffic diversions due to uncertainty over United Parcel Service’s prospects for reaching a settlement with the Teamsters before the current contract expires on July 31, Jim Valentine, a Morgan Stanley analyst, said anecdotal evidence suggests industry-wide volumes weren’t much better in May and continue to lag into the month of June.
China Southern Air Acquires Stake in Postal Air
China Southern Airlines Co. (ZNH) is to acquire a 49% stake in China Postal Airlines for 150 million yuan [U.S.$18.1 million] (US$1=CNY8.28), a company source said Monday. The source said the two parties are to sign an agreement in Beijing Tuesday. China Southern Airlines expects to fund the acquisition with internal resources, the source said. The deal is pending Chinese government approval, the source said. China Postal Airlines, which is controlled by the State Postal Bureau of China, provides mail and parcel shipment services for mainland post offices.
Read MoreGerman forwarder group networks with Lufthansa
The Future Group,a partnership of five forwarders based in Germany became the first group member to be accepted into Lufthansa Cargos Business Partnership Programme.
The move is seen as a significant advance for the group, set up in May to allow the medium-sized forwarders to compete with the air cargo buying power of the big global forwarders.
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