Showing posts with label cargo supply chain. Show all posts
Showing posts with label cargo supply chain. Show all posts

Friday, June 19, 2015

TNT Express has provided an update on its planned $4.8bn takeover by FedEx, stating that the two companies are making timely progress on preparations for the offer but reiterated that it could take a year to gain regulatory clearance.

TNT said that FedEx expects to submit a request for review and approval of its offer document with Dutch financial service regulator Netherlands Authority for the Financial Markets (AFM) before June 30, which is the date by which under Dutch law a request for approval must be submitted to the AFM.

Other approvals will also need to be gained, with the offer conditional on FedEx obtaining the required competition clearances in the European Union, China, Brazil and, to the extent applicable, the US.

“FedEx and TNT Express remain confident that substantive anti-trust concerns, if any, can be addressed adequately and in a timely fashion,” the companies said in a statement.

“Although FedEx and TNT Express aim to obtain the required regulatory clearances as soon as possible, it is noted that completing the formal clearance procedures could take up to one year. As such, it may be required to obtain an exemption from the AFM to (further) extend the offer period.
“FedEx and TNT Express confirm that the companies are making timely progress on the preparations for the offer,” they said.

The two companies are confident they will receive regulatory approval, with FedEx chief executive David Bronczek arguing that the takeover would increase competition in Europe by creating a third strong competitor, which would benefit customers over the long term.

Under the planned deal, the relatively small TNT air fleet of 54 freighter aircraft would also be sold to a third party, to assuage the competition authorities in the European Union and elsewhere. This had been one of the major sticking points in the previous proposed UPS takeover.

TNT's owned and leased fleet includes B777Fs, B747Fs, and a combination of BAe 146, Boeing B737Fs and B757Fs. 

The two sides reached a conditional agreement on the deal earlier in April. The agreement recommends an all-cash offer by FedEx for all issued and outstanding ordinary shares, including shares represented by American Depositary Receipts of TNT Express for a cash offer price of €8.00 per share.
Earlier this week, TNT reported a 1.3% year-on-year increase in first quarter revenues to €1.6bn, but operating income for the period slipped to a €11m loss from a €15m gain last year and net profits slipped to a loss of €19m this year from a neutral result for the same period of 2014.



Source: companies
Notes: TNT financial figures converted using XE.com 31/12/2014 exchange rate for comparision purposes only
News URL: http://www.aircargonews.net/news/airlines/express/single-view/news/fedex-and-tnt-deal-on-track-but-clearance-could-take-a-year.html

Sunday, March 22, 2015

Hong Kong's government has approved a third runway for the city’s international airport.
Expected to open by 2023, it will help the island maintain its status as the world’s busiest air cargo hub and help Hong Kong maintain its position against other Asian rivals in China and Singapore.
The HK$141.5bn (US$18.2bn) scheme will be funded from internal funds, borrowings and user fees, including a HK$180 (US$23.20) additional passenger fee.
The new runway would be to the north of the airport and will be for landings only. It is expected to boost the airports capacity from 68 flights an hour to 102.
The news was welcomed by local carriers. Cathay Pacific chief executive Ivan Chu said his airline “reiterated its unequivocal support for the development of a third runway which it believes is necessary to maintain the long-term competitiveness of Hong Kong as a premier aviation hub".
Chu said the announcement was “a remarkable milestone" in the third runway project and welcomed the endorsement by the Executive Council.
He added: "Building third runway is the only viable way for our airport to keep pace with future growth and to continue to support Hong Kong’s pillar industries in tourism, international trade, logistics, and finance and professional services.”
Joe Ng, vice chairman of the Board of Airline Representatives in Hong Kong, which represents 76 airlines, said he believed the third runway would “strengthen Hong Kong’s status as one of Asia’s premier aviation hubs.”
He added: “Aviation is an industry that contributes some  eight per cent to Hong Kong’s GDP and accounts for eight per cent of employment in the city; the third runway is urgently needed to maintain the airport’s competitive strength and to ensure continued growth for the benefit of Hong Kong.”

Source : http://www.aircargonews.net/news/single-view/news/hong-kong-will-be-a-three-runway-airport-by-2023.html

Tuesday, February 24, 2015


Iraqi ground-handler Azmar Air has gone live with Kale’s Galaxy International air cargo management system.
Azmar, based at Sulaymaniyah International Airport in the Kurdish-controlled region of northern Iraq will use the system for e-freight compliance, warehouse management and vehicle management, and it will be able to offer real-time updates to customers’ trade partners and EDI messaging, says Indian-based Kale.
It added that Galaxy is already in use by handlers including Bahrain Airport Services, Mumbai International Airport and leading international airports in India, plus Lusaka and Ndola in Zambia amongst others.
Indrajit Marath, Azmar’s general manager- cargo village said: “We are now able to automatically capture all data, do better flight planning and plan the operations in advance.
“Our customers including airlines, forwarders, GSAs are happy to see online updates and track shipments. More importantly, we attained this without having to increase our staff count.” 

Source : http://www.aircargonews.net/news/single-view/news/kale-breaks-into-iraq-market.html

Wednesday, November 19, 2014

Air India SATS Airport Services Pvt Ltd (AISATS), a 50:50 joint venture between Air India Limited and SATS Limited, a gateway services and food solutions provider in Asia, has introduced an e-freight initiative at its Bengaluru Airfreight Terminal facility.
With this launch, AISATS BLR has taken a step towards IATAs e-freight initiative, building a paper-free air cargo supply chain and replacing it with cheaper, accurate and reliable electronic messaging, AISATS said in a statement.
To facilitate this, AISATS has incorporated its Airport Community System (ACS), a web-based electronic platform that enables seamless electronic data interchange (EDI) between various stakeholders in the air cargo value chain. With this system in place, AISATS is well-equipped to do away with the traditional paper-based shipping data consolidation, and move towards electronic data management.
"With this online portal, freight forwarders and cargo handling agents will have complete shipment visibility and be able to send data demanded by multiple carriers, customs, and airport operators electronically through a single portal without doing duplicating data entry efforts on separate platforms," AISATS said.
The ACS will also help in creating airline booking requests and sending the same electronically to the airlines including creating and printing of Master Air Waybill, House Air Waybills and Bar Code labels. This is set to ease sending FWB / FHL messages to airlines as well as create and print customs clearance documents.
Willy Ko, CEO, AISATS, said: "Since its inception, AISATS has always been committed towards minimising impact of its operational processes on the environment. This e-freight initiative is yet another effort by AISATS and it is a big stride towards fulfilling its desire to protect the environment. Not only will this green initiative increase operational efficiency but it also help to preserve the environment by effectively reducing paperwork."
Source: http://www.business-standard.com/article/current-affairs/paper-less-air-cargo-supply-chain-facility-introduced-at-bengaluru-airport-114111800467_1.html