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Pristine Logistics acquires DLI India in stock and cash deal

Logistics service provider Pristine Logistics and Infraprojects has agreed to acquire Distribution Logistics Infrastructure Pvt Ltd and its group companies (DLI India) from the Alternative Investment Market (AIM) London-listed Infrastructure India Plc in a stock and cash deal, the company said in a press release on November 7. “The agreement has been entered into with AIM (London Stock Exchange) listed Infrastructure India Plc (IIP), the holding company of DLI India and DLI Mauritius,” Pristine Logistics said in the release. The acquisition will help the rail-focussed logistics firm expand further into the hinterland, riding on the Indian Railways plan to raise modal share in freight from 27 percent to 45 percent by 2030 to cut carbon emissions. The deal involves DLI Mauritius selling 100 percent of the equity of DLI India to Pristine Malwa Logistics Park, which will become the sole owner of all IIP’s logistics entities in India.

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IIT develops OptRoute app to boost logistics efficiency

Indian Institute of Technology Madras (IIT Madras) faculty members, students and alumni have designed and developed a mobile application, OptRoute to enable easier and efficient transportation of goods within cities. This mobile app connects a driver with the consumer with no intermediaries. The key points of differences between OptRoute and existing services include zero commission per transaction and nominal subscription-based service model and direct payment from consumer to driver. The OptRoute app is available for Android devices and can be downloaded from Google Play Store. It is currently available for operational use in multiple cities across India, including Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, Delhi, Faridabad, Gurugram, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Mumbai, Nagpur, Noida, Panchkula, Pune, Mohali, Surat and Zirakpur.

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Awery launches OBC solution for real time shipment tracking

Awery Aviation Software (Awery) has launched an onboard courier (OBC) quoting, booking, and tracking platform, supported by a mobile app for couriers, to bridge an industry communication gap flagged by the software developer. Awery OBC, the latest addition to the developer’s suite of enterprise resource planning (ERP) solutions, gives OBC providers a centralised system to automate quotes, book couriers, track shipments, and send invoices by digitalising the entire shipment journey. “Onboard couriers are called in when goods need to get to the final destination quickly and securely, but a lack of visibility and real-time updates on such shipments are causing unnecessary delays and uncertainty for freight forwarders, charter brokers, and shippers,” said Vitaly Smilianets, Chief Executive Officer (CEO), Awery. “Our OBC platform helps close this communication gap by automating tracking with customisable milestones – stakeholders receive shipment location updates by email following each completed milestone, which are signed off by couriers through a mobile app. “The app also enables couriers to instantly update their availability and pinpoints their live location to the closest airport, all of this information is accessible on the OBC interface, allowing users to track shipments in real-time.”

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Air India appoints TAM Group as GSA in HongKong

Tata-owned Air India has appointed TAM Group as its general sales agent (GSA) in Hong Kong. TAM Group will facilitate reservations, ticketing and marketing efforts, and provide comprehensive cargo sales support on behalf of the airline, says a release from Air India. “The appointment of TAM Group will help to further widen Air India’s presence in Hong Kong while supporting the airline’s continuing global expansion.” Wing Kun Tam, Founder and Chairman, TAM Group says: “We are honoured that TAM Group has been selected as the GSA for Air India. As the chosen partner, we are dedicated to leveraging Air India’s extensive network, our industry expertise and customer-centric approach to promote Air India’s offerings and expand its reach in the Hong Kong market. We firmly believe that this collaboration will not only facilitate seamless travel experiences for passengers but also promote cultural and economic exchanges between the two regions. With our shared vision and determination, we are confident in our ability to drive growth, unlock new opportunities, and strengthen the bonds between India and Hong Kong.”

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Airbus records 12% rise in revenue in 9 months

Airbus reported a 12 percent increase in consolidated revenue at €42.6 billion for the first nine months of 2023 (nine months 2022: €38.1 billion) on higher revenue from commercial aircraft business. A total of 488 commercial aircraft were delivered (9m 2022: 437 aircraft) including 41 A220s, 391 A320 family, 20 A330s and 36 A350s, says an official release. “Revenues generated by Airbus’ commercial aircraft activities increased 18 percent (€31.5 billion), mainly reflecting the higher number of deliveries.” Net income dropped nine percent to €2.3 billion from €2.6 billion from the same period in 2022 on a 10 percent increase in R&D expenses to €2.2 billion. Gross commercial aircraft orders totalled 1,280 (9m 2022: 856 aircraft) with net orders of 1,241 aircraft after cancellations (9m 2022: 647 aircraft). The order backlog amounted to 7,992 commercial aircraft at the end of September 2023.

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Emirates cargo volumes climb up 11%YOY between April-Sep

Emirates registered a double-digit percentage improvement in its cargo volumes in the first half of its financial year as it continued to re-introduce belly capacity following the Covid pandemic. Between April and September, Emirates SkyCargo saw its cargo volumes increase by 11% year on year to 1m tonnes of cargo “despite an overall softening in the global cargo market”. The increase reflects a 25% increase in available tonne km as the carrier ramped up passenger services following the pandemic. Emirates added: “This volume increase reflects the cargo division’s ability to meet customer demand with specialised products, and the excellent network options on offer with its freighter and bellyhold cargo operations.” The cargo volume performance mirrors that of other carriers with passenger operations – IAG and Lufthansa also saw their cargo volumes increase in the first nine months. However, declining rates resulted in lower cargo revenues at both of these European airlines despite the volume improvements. Overall revenues at Emirates – both passenger and cargo – were up 19% to $16.2bn and profits improved by 136% on last year to a record $2.6bn. “The airline’s record performance is attributable to the strong passenger demand for international travel across markets and Emirates’ ability to activate capacity to match demand,” the carrier said.

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Ethiopian Cargo takes delivery of 10th B777F to boost capacity

Ethiopian Airlines has taken delivery of a 10th Boeing 777 freighter to grow its air cargo capacity. The twin-engine commercial cargo plane, due to be operated by Ethiopian Cargo, has a payload of more than 100 tons. We are delighted to announce that we took delivery of our 10th Boeing 777-200LR Freighter aircraft,” said Ethiopian Airlines in a LinkedIn post on November 8. In September last year, Ethiopian Airlines signed up to lease three Boeing 767-300ER converted freighters from Titan Aviation. And in 2021, Ethiopian partnered with Israel Aerospace Industries (IAI) to launch a B767-300ER freighter conversion line at Ethiopian MRO facilities in Addis Ababa.

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TIACA’s BlueSky program to promote sustainable cargo ops

The International Air Cargo Association (TIACA), Air Cargo Belgium and Brussels Airport formally announced the first TIACA BlueSky community program. The TIACA BlueSky program, launched in 2022, is the air cargo and logistics industry’s only program designed to provide individual companies with a verified independent assessment of their sustainability credentials. Air Cargo Belgium and Brussels Airport Company have established a sponsorship fund which will support 15 members with their BlueSky assessment by co-sharing their fees into the globally first TIACA BlueSky community program. Not only will this deliver the individual assessment to the members, more importantly this initiative will also provide a community report outlining Air Cargo Belgium’s shared sustainability objectives. The BlueSky assessment covers 8 crucial areas of a company’s sustainability activity; Decarbonization Elimination of waste Protection of biodiversity Support for local economies and communities Improvement of lives and social well-being Efficiencies and profitability Attraction, retention, and development of employees Building and nurturing of partnerships The program which will run until Q2 2024 will provide additional support for participating organizations and the collective results will also provide Brussels airport and Air Cargo Belgium clear guidance as to where their community could benefit from additional sustainability project initiatives.

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Kale to implement ACCS at Turkey’s iGA

Kale Logistics Solutions (Kale) will be implementing an Airport Cargo Community System (ACS) for Istanbul Grand Airport (İGA), making it the first airport in Turkey to embark on digitalising cargo data exchange. The cargo community platform, Airport Kargo Paydaş Platformu (KPP), developed by Kale, will be implemented at İGA in collaboration with TroyNet. The ACS platform will assist İGA in becoming a regional cargo transfer centre for the world’s leading cargo companies by facilitating end-to-end digitalisation, enhancing efficiency, streamlining procedures, and automating communication for stakeholders at its cargo precinct. “Istanbul is a critical air cargo connection point and we are determined to develop and expand our air cargo network – the implementation of KPP is an important milestone in providing best-in-class services to our customers and stakeholders,” said Selahattin Bilgen, Deputy Chief Executive Officer (CEO), İGA. “We want to take our place in the sector as one of the world’s most important global transfer centres and with this system, we will encourage digital trade, facilitate business, and establish a digital infrastructure to ensure that cargo moves faster at the least possible cost.”

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Inked pact to launch electric aircraft by 2026

InterGlobe Enterprises, and Archer Aviation Inc, electric vertical takeoff and landing (eVTOL) aircraft, have entered into a memorandum of understanding (MOU) with the goal of partnering to launch and operate an all-electric air taxi service in India, subject to appropriate regulatory approvals and clearances. Rahul Bhatia, Group Managing Director of InterGlobe, and Nikhil Goel, Chief Commercial Officer of Archer, signed an MOU to form a proposed partnership through which the parties aim to provide a revolutionary transportation solution for the country, improving urban mobility with safe, sustainable, and low-noise electric air taxi service that is cost-competitive with ground transportation. The parties intend to work with select in-country business partners to operate Archer’s aircraft, finance and build vertiport infrastructure, and train pilots and other personnel needed for these operations. The partnership also plans to finance the purchase of up to 200 of Archer’s Midnight aircraft for the India operations.

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