Uni-Top on course to take over Grandstar Cargo: China-based logistics firm Uni-Top Group signed a Letter of Intent with Sinotrans Air Transportation Development Co (Sinotrans Air) to transfer Sinotrans Air’s 51% equity in Grandstar Cargo to Uni-Top. However, the deal is still subject to approvals from several regulatory bodies and remains uncertain. (more…)
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Australia-based QANTAS is reported to be considering the purchase of “several” 747-400 freighters. Qantas currently ACMI-leases three 747-400Fs from Atlas Air (a subsidiary of Atlas Air Worldwide Holdings). (more…)
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Changi Airport Group (CAG) announced on March 25 that it is extending support to its air cargo partners under the Changi Airport Growth Initiative. According to the announcement, from April 1 to December 31, all scheduled freighter flights at Changi Airport will receive a 50% landing fee rebate. (more…)
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Emirates and Qantas reached a cargo partnership agreement that took effect at the end of March. At that time Emirates SkyCargo and Qantas Freight began the process of combining their networks, with the intent of offering customers seamless access to 233 destinations. (more…)
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Nippon Express and NEC enter a joint venture agreement: Japan-based Nippon Express, the country’s largest international forwarder, haveentered into an agreement with IT and electronics giant NEC under the terms of which majority ownership of NEC’s wholly-owned logistics subisidiary NEC Logistics will be transferred to Nippon Express in two stages. (more…)
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