26 Apr 2023

Mixed signs for air cargo outlook for 2023

  The outlook for air cargo over the coming year remains mixed with several factors set to impact performance.Speaking at IATA’s World Cargo Symposium in Istanbul, IATA economist Bojun Wang predicted that air cargo demand was set to decline by 4% this year compared with 2022 levels. He said that this reflected the ongoing challenging […]

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22 Apr 2023

Request for Enhanced Data Protection for Online Booking by Shippers and Forwarders

  The Global Shippers Forum and forwarder group Fiata have created a Charter for Protection and Governance of Data in International Trade as part of efforts to improve data protection for online booking and trading. The charter sets out the minimum arrangements for data security and confidentiality that providers and operators of digital booking and trading […]

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02 Apr 2023

SATS completes acquisition of WFS

    Singapore-based aviation services company SATS has completed the acquisition of cargo handler Worldwide Flight Services (WFS) for €1.3bn. SATS struck a deal last September to buy WFS from an affiliate of asset investor Cerberus Capital Management. The transaction has an enterprise value of €2.25bn. WFS is now a fully owned subsidiary of SATS. The ground […]

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30 Mar 2023

Air cargo capacity rises above pre-pandemic level while industry faces risk of zero growth

  Air cargo capacity is continuing to climb and rose above the pre-pandemic level for the first time in four years, according to the latest market analysis from CLIVE Data Services. Global air cargo capacity increased for the eleventh consecutive month in February, up 11% on the same period last year. Meanwhile, global air cargo […]

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12 Mar 2023

Air Cargo Growth Expected in 2023 Due to China’s Recovery and Pent-Up Demand

According to aviation groups, China’s efforts to restructure its economy will increase demand for trade, which is expected to spill over into the air cargo markets by the end of this year. During a recent webinar, Glyn Hughes, Director General of The International Air Cargo Association (TIACA), stated that “once we can overcome the current […]

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08 Mar 2023

Air Cargo Capacity Exceeds Pre-pandemic Levels, Posing “Zero Growth” Risk, Warns Analyst

  The latest market analysis from CLIVE Data Services reveals that air cargo capacity has exceeded pre-pandemic levels for the first time in four years. In February, global air cargo capacity increased by 11% compared to the same period last year. However, global air cargo volumes fell by 4% YoY and rates remained stable. This […]

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