Twelve months ago, Korea’s export machine was firing on all cylinders. Flat-screen TVs, cell phones, semiconductors and other IT products, as well as automotive traffic, were going strong, creating a robust competition for lift to overseas export markets. As a result, the country’s international carriers boosted capacity, and international operators flocked to Seoul. read more
Air Cargo World Magazine - Asia
With its order for eight Boeing 777 freighters, Cathay Pacific looks set to defend its perch at the top of the international air cargo carrier hierarchy. Officials have now signaled to the market that they view the current softness as a temporary phenomenon. read more
UPS is charging into China’s interior. At the end of July, it began flying daily with MD-11 freighter aircraft from its European hub via Warsaw to Chengdu in Sichuan province and on to Shanghai, its main Asian hub since July 26.