China lifts price controls on 24 commodities, services

China will lift controls on prices of 24 commodities and services, said the National Development and Reform Commission on Sunday. Market will decide the price of tobacco leaves, the last agricultural product to be freed from government price control, but a minimum price will be set to protect farmers, said a statement on the commission website. Prices of railway bulk cargo, parcels and privately funded cargo and passenger transport will also be allowed to float. Railway passenger and cargo prices...

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Cargolux posts best ever October figures

Cargolux, Europe’s largest all-cargo carrier, posted its best ever October, with its fleet of 22 Boeing 747 freighters breaking records for tonnage, revenue and block hours. Tonnage grew 6.7 percent and net revenue was up 9.9 percent from a year ago, making October the second-best month in the Luxembourg-based airline’s history after November 2013. The carrier said it also achieved the highest daily utilization of all operators of the 747-8F at more than 16 hours a day through October. The...

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AirAsia revenue jumps 40% under cargo services

Upgrowing Malaysian airline AirAsia X Berhad achieved a revenue of 749.5 million ringgits ($233 million) for the quarter ending 31 March, while carrier cargo services geenrated 25.3 million ringgits throughout. The cargo revenue is a 27 per cent year-on-year increase from the 19.9 million ringgits it generated in the same quarter last year. The...

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