Category Archives: International

Etihad Airways, has received four honours at the Airline Economics Aviation 100 Deals of the Year Awards 2021 at a ceremony in Dubai. Etihad Group CEO Tony Douglas and Chief Financial Officer Adam Boukadida accepted the following awards on behalf of the airline: * Middle East & Africa CEO/Industry Leader of the Year 2021 – Tony Douglas, Group CEO, Etihad Airways * Middle East & Africa CFO of the Year 2021 – Adam Boukadida, CFO, Etihad Airways * Middle East & Africa Capital Markets Deal of the Year – Etihad USD $600M Sustainability-Linked Transition Sukuk and Liability Management of 2021 maturity * Middle East & Africa Sustainability Financing Deal of the Year – Sustainability Development Goal (SDG) Loan for Etihad Airways The annual accolades, now in its tenth year, pay tribute to the past year’s most outstanding companies, individuals and finance transactions in the commercial aviation industry; recognitions that are even more significant in the last year following a prolonged period of hardship resulting from the COVID-19 pandemic. Prior to the pandemic, Etihad was ahead of transformation targets set in 2017, having registered a 55% cumulative improvement in core results by end-of-year 2019. Despite operating losses resulting from COVID-19, the airline has continued to serve as an industry leader, targeting a complete turnaround by 2023 by optimising core business fundamentals, developing an industry-leading health and hygiene programme, Etihad Wellness, and engaging a holistic approach to sustainability by applying it to every aspect of its operations.

Worldwide Flight Services (WFS) has acquired IAS Logistics DFW, LLC (also known as Pinnacle Logistics), a leading provider of cargo handling services in the United States. The companies have not disclosed the financial details yet. Pinnacle Logistics is headquartered in Fort Worth, Texas,US, strengthening WFS’s cargo handling platform in the States. The company is focussed on specialist express cargo handling for e-commerce customers. WFS is also handling cargo in London, Liege, Amsterdam, France, Japan, Spain and more. Michael Simpson, WFS’s EVP Americas, commented, “The acquisition of Pinnacle Logistics enhances our core cargo and express cargo handling value proposition to customers, and Pinnacle’s established trucking logistics business further expands our service offering. Pinnacle’s people bring renowned experience and expertise, great service quality, and long-standing customer relationships with them to WFS. This acquisition is a strong strategic and cultural fit for WFS and we are delighted to welcome the Pinnacle team to WFS.”

The German container shipping company Hapag-Lloyd has announced the acquisition of a 30% stake in Container Terminal Wilhelmshaven (CTW) and 50% of the shares of Rail Terminal Wilhelmshaven (RTW) at the German container port JadeWeserPort. The Bremen-based terminal operator Eurogate continues to hold the remaining shares, while the parties have agreed to not disclose the purchase price. The contract closing is expected within a few months, while it is subject to approval by the antitrust authorities.

CargoBooking, also known as CargoBooking.aero is a global digital air cargo booking platform providing real time capacities and rates for airlines. Launched in August 2020, it also looks after the airlines’ General Sales Agents (GSAs) to deliver instant air cargo quoting and booking with Application Programming Interface (API) integration to freight forwarders. The solution, powered by global IT service provider and software development company Awery Aviation Software, gives a consolidated view of all connected airlines and GSA prices on possible flight and truck routing options. “The digital transformation of the air cargo industry is gaining momentum, enhancing efficiency and cost effectiveness across the supply chain,” said Tristan Koch, Awery’s new Chief Commercial Officer. Our in-house team has been working together for over 12 years to develop aviation software solutions to support the digitisation of the industry, and with CargoBooking, we are delivering a streamlined user experience connecting capacity and demand.”

The CMA CGM Group, a world leader in shipping and logistics, announced today the launch of NETWORKING services, the first business matchmaking marketplace in the shipping and logistics industry. Based on the similarly named service launched in 2020 as part of the CMA CGM+ range, this unique and unrivalled digital platform puts the Group’s customers directly in touch with their business partner in a seamless and secure mann The new NETWORKING services marketplace enables the Group’s customers to expand their business worldwide, to create new business opportunities and to find the suppliers or customers that best fit their needs, all while saving on cost and time and reducing the hassle and risks associated with business development.

The US-India Strategic Partnership Forum (USISPF) announced its fourth Annual Leadership Summit, titled “Looking Ahead: Strengthening Resilience, Expanding Prosperity,” which will convene virtually this year from September 29-October 1. The program will include a range of strategic discussions between USISPF’s board members, including Fortune 500 CEOs and senior government officials from both countries. On Thursday, USISPF will honor Natarajan Chandrasekaran, Executive Chairman of Tata Sons, Punit Renjen, CEO of Deloitte Global, and Rajesh Subramaniam, President, COO and Director, FedEx Corp., with the USISPF Global Leadership Award 2021 for leading the corporate community in their heroic efforts of responding to India’s second wave of Covid-19. Congratulating the awardees, John Chambers, Chairman of the USISPF Board, said, “The COVID-19 pandemic has impacted all of us in so many ways since the start of 2020. When the U.S. experienced the height of the pandemic, India stepped up to help us, sending critical medicines to Americans. It was amazing to then see that help reciprocated during the second wave of COVID in India. Partnership is built on trust, collaboration, and people-to-people connections. This year’s three awardees exemplify qualities of true leadership, as demonstrated by their tremendous individual efforts to help India in their time of need earlier this year. We are incredibly grateful for their courage, integrity, and hard work during this time of uncertainty, and are inspired by their actions to build a stronger U.S.-India partnership and more resilient global community.”

Airbus, one of the world’s largest airplane manufacturers, has firmed up plans for the freighter version of its successful passenger jet A350 with interest from the likes of global cargo giants DHL and UPS. And Boeing, which has a near monopoly in the production freighter market, has a plan for a freighter version of it’s yet to be operational passenger jet B777X. While the Covid-19 pandemic has taken its toll on the aviation sector, cargo operations are offsetting operators’ losses, as it continues to play a critical role in facilitating international trade. As a result, industry forecasts show an increase in demand for wide-body freighter aircraft with long-haul capacity. As original equipment manufacturers like Airbus and Boeing expand their production freighter options, the conversion of passenger-to-freighter (P2F) business has also boomed ever since the Covid-19 pandemic gripped the world.

Lufthansa Cargo along with the German Federal Ministry of Transport (BMVI) has come together for a new federal research project “Digital Test Field Air Cargo”. The aim is to increase the efficiency, performance and competitiveness of air cargo in Germany by improving the networking of all the players involved and digitizing processes. This project will be coordinated by the Fraunhofer Institute for Material Flow and Logistics (IML). “We are pleased that the Federal Ministry of Transport has clearly committed itself to air freight in Germany with the Digital Test Field Air Cargo. We want to contribute to further strengthening Germany as a business location. That is why we are contributing our many years of experience in digitalization along the supply chain to this nationwide project and ultimately also want to set international standards. Digitalizing air freight further also means making it more sustainable. To this end, we see great potential in optimized data exchange between all partners in the airfreight transport chain, for example, which we want to leverage,” said Harald Gloy, Lufthansa Cargo’s Executive Board member for Operations and Human Resources and a member of the BMVI’s Innovation Commission.

Emirates SkyCargo, an air transport of temperature sensitive pharmaceuticals, announces the completion of more than 400 million kilos of pharma transport in 5 years, marking an important operational milestone. In September 2016, Emirates SkyCargo raised the bar in the air cargo industry for the safe and efficient transport of pharmaceuticals by launching its dedicated GDP certified pharma handling facility at Dubai International Airport and at the same time unveiling its three-tiered specialised product – Emirates Pharma. Nabil Sultan, Emirates Divisional senior vice president, Cargo, said, “At Emirates SkyCargo, we recognised very early on that our customers were looking for increasingly specialised solutions for their cargo and this was true especially for valuable and life-saving medicines that have to be transported under very strict conditions. We introduced our 360 degree transportation solution backed by state of the art GDP certified Dubai handling facility for our pharma customers in September 2016. The response from the market was overwhelmingly positive and we managed to very quickly transform the perception that Dubai was a destination to be avoided for pharma cargo in the summer to that of Dubai being a reliable hub for pharma customers all year round. Our pharma volumes have continued to grow over the years and to date we have transported more than 400 million kilos (400, 000 tonnes) of pharma cargo under our Emirates Pharma umbrella.”

Asia Airfreight Terminal (AAT) has been awarded IATA’s Center of Excellence for Perishable Logistics (CEIV Fresh) certification in September 2021. This accreditation recognizes our strong expertise, stringent training and excellent facilities in handling perishable cargo in accordance with global standards. It enhances our service commitment and professionalism when handling temperature-sensitive shipments. There is increasing demand for the safe transportation of high-end perishables and pharmaceuticals by air. AAT is in the process of further enhancing our handling capabilities to capture these opportunities as part of Airport Authority Hong Kong’s initiative to develop HKIA into the world’s Perishables Hub.