AirAsia eyes move into booming regional air cargo market with Raya buy
Malaysia’s AirAsia is rumoured to be eyeing the acquisition of compatriot all-cargo airline Raya Airways. According ...
Interesting news out of Malaysia. First, the struggling national carrier has set up Malaysia Aviation Group for its new corporate structure. It will house four separate business units: air transport; ground services; aircraft leasing; and talent and development. Within air transport will be the MAB Kargo division, which is to apply for its own AOC and operate as a separate company from 2017.
But it is not just the national carrier getting a new look. The country announced this morning it would transform the empty land around Kuala Lumpur International Airport into an “aerotropolis” for air cargo, logistics and aviation services. The hub is forecast to contribute RM30bn ($7.3bn) to the country’s economic growth over the next 15 years. Although officials said the airport was not trying to compete with Changi, they did note that the Singapore airport has a land constraint – and they announced that in the next five years they want to catch up with cargo volumes that go through Changi, which handles 1.8m tonnes, compared with KLIA’s current 726,000 tonnes.
Expeditors sues long-term client for unpaid $20m in row over invoices
Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'
2M axes Asia-North Europe loop, as carriers shop for more tonnage
West coast ports suffering as US container imports plunge by 37%
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
Shippers put more pressure on ocean carriers for carbon-free services
Taiwan carriers pay record staff bonuses after year of bumper profits
Carriers turn their gaze back to scrubbers as voyage results tumble
Dachser's M&A in air and ocean freight – how serious is that?
Asia services expanding as logistics players opt for a 'China+1' strategy
Atlas Air merger with Apollo group finally set to close on Friday
Comment on this article