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Aviation minister voices concern
over taxes on ATF
Heavy taxes imposed on ATF is
the prime concern for the aviation industry in India, said Praful Patel,
civil aviation minister, at a press conference held on September 29 in New
Delhi to give an update of the forthcoming event called ‘India Aviation
2008’. Jointly organised by the ministry of civil aviation and the
Federation of Indian Chambers of Commerce and Industry the first
international conference of this kind will take place from October 15 to
18 at Begumpet Airport, Hyderabad. Commenting on the current scenario and
future of aviation industry in India Patel showed high optimism. He
expressed optimism about the recommendations of the cabinet committee
approved by the prime minister to look into the crisis. According to the
minister, so far the committee has met once and will meet again very soon
to discuss the issue.
According to Patel, ‘India Aviation 2008’ received tremendous responses
from aviation majors. About 150 companies have already confirmed their
participation in the event, among which 125 companies will be from abroad.
The minister also informed that large support and participation will be
from the USA. The event will have country pavilions from the USA, Canada
and Germany.
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IATA unveils traffic trends for August
The traffic data released by the International Air Transport Association (IATA)
for August has confirmed a continuing downturn worldwide. A 6.8 per cent
decline in international freight shipped by carriers in the Asia Pacific
region had the greatest impact as they comprise 45 per cent of the global
air cargo markets. The other big market players also showed weakness.
European carriers experienced a 0.9 per cent decline, while US carriers
reported weak growth of 0.8 per cent. According to IATA, sharp declines in
freight traffic in Latin America (-13.2 per cent) reflect restructuring in
Brazil with cuts in capacity.
Commenting on the decline Giovanni Bisignani, DG & CEO, IATA said that the
industry crisis is deepening and no region is immune. Urgent measures are
needed. From taxation to charges and operational efficiencies, all areas
impacting the business must be examined for ways to reduce costs and drive
efficiencies.
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Air India signs US$550 million finance pact
National carrier Air India signed a US$ 550 million financing arrangement
with the US Exim Bank, Washington, for financing three Boeing 777 and five
B737-800 aircraft. The agreement was signed between Raghu Menon, CMD, Air
India, and James Lambright, chairman, US Exim Bank, at the bank’s
headquarters in Washington. The facility would be financed by Standard
Chartered Bank with a guarantee from US Exim Bank and is raised at rates
sub-libor. With this, the total amount of fund facility raised by Air
India for acquisition of 25 Boeing aircraft is US$ 1.750 billion. The
remaining 43 aircraft are also proposed to be financed through support of
US Exim Bank. NACIL has so far raised over US$ 3 billion for acquisition
and induction of 38 new generation aircraft in its fleet till date, with
73 more to follow in the next few years spread till 2012.
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Cathay Pacific Cargo launches new product for pharma industry
Cathay Pacific
Airways Cargo launched its latest product targeting specially at the needs
of pharmaceuticals industry. Branded Pharma LIFT, the product has been
developed to cater for pharmaceutical shipments that need careful
temperature management throughout their journey to ensure the products
arrive in perfect condition. At the airline’s home hub in Hong Kong, a
dedicated Pharma LIFT team is assigned to look after every shipment. The
warehouses used by Cathay in Hong Kong are equipped with sophisticated,
well-managed cool rooms.
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BCHAA elects new president, office bearers
Bombay Custom House Agents Association at its 23rd Annual General Meeting
held in Mumbai on September 20 elected Omprakash Agarwal as its new
president for 2008-10. Agarwal takes over charges from outgoing president
R. Radhakrishnan. Others elected at the same meeting are: Nailesh Gandhi,
senior vice president; Rajiv Desai, vice president; George Joseph, vice
president; Pankaj Shah, vice vresident; Nimish Desai, hon. secretary;
Ashish Pednekar, hon. Treasurer; and, Suresh Dalvi, Milan Desai, Rajesh
Gosalia, Sanjeev Harale, Sarfaraz Khan, Dushyant Mulani, Kishore
Parulekar, Philomena Pereira, Kiran Rambhia, Anand Sheth, Shashi Tanna and
Dinesh Thakker as members of managing committee.
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TNT captures 'Can Do' in new strip line
TNT launched
its new global strip line “Sure We Can” capturing “Can Do” mentality.
Sanjiv Kathuria, director marketing, TNT India, told CARGOTALK, over the
next several months TNT will start to apply ‘Sure We Can’ to all its
vehicles, such as trucks and planes, as well as to communication materials
and campaigns. He also asserted that “Sure We Can” is the reflection of
TNT’s existing business culture characterised by a strong “Can Do”
mentality. It’s TNT’s flexible attitude of just getting things done. It
reflects in its daily operations from delivering a letter to shipping
objects that are oddly shaped and do not fit in a standard box or satchel.
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SCI in talks with foreign lines to start new liner service
National
carrier Shipping Corporation of India is in talks with foreign shipping
companies to decide the sectors in which it will deploy its two new
container vessels into service. SCI will receive deliveries of two
container vessels of 4,400-TEU capacity each in October this year from
Hyundai Samho Heavy Industries. The company is carrying out a market study
on the potential volumes in various sectors.
SCI, the only Indian liner shipping company that is offering liner
services, is currently operating four cellular container services covering
the Far East (INDFEX), China (INDFEX2), UK-Continent (ISES) and SCI Middle
East India Liner Express Service (SMILE).
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