African Cargo News

Time 2020-06-28 06:05:04

Web Name: African Cargo News

WebSite: http://www.africancargonews.com

ID:12894

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Sunday, 28th June 2020 African Cargo News The Pan African Authoritative Voice of Logistics Government Relief Measures needed to get Airline through the winterThe International Air Transport Association (IATA) warned that the airline industry faces a hard winter and called on governments around the world to continue providing relief measures as the COVID-19 crisis continues.Airlines are expected to post a loss of $84.3 billion in 2020 and government financial relief is a lifeline to many airlines....More Chinese-built container terminal makes Namibia the preferred logistics...Namibia’s new container terminal situated in the coastal town of Walvis Bay has placed the country in a more competitive position as it can now accommodate larger vessels, making it a preferred destination by many countries.Built by the China Harbor Engineering Company (CHEC), the container terminal is bringing to life Namibia’s goal to...More Afreximbank Re –appoint President, Prof. Benedict OramahShareholders of African Export-Import Bank (Afreximbank) have voted and re-appointed Prof. Benedict Oramah as President of the Pan-African multilateral financial institution for a second 5-year term.The decision was announced today in Cairo following Afreximbank’s 27th Annual General Meeting of Shareholders which was held by circulation...More Sharjah Airport welcomes Kenya Airways CarSharjah Airport continues to expand its cargo network with Kenya Airways Cargo commencing its schedule operations into Sharjah. Kenya Airways operates twice-weekly cargo service with Boeing 787, connecting Sharjah to Nairobi every Sunday and Wednesday.This new service brings the number of airlines and freighter operators to 22 international...More African Aviation Industry Calls for Harmonized Safe Restart of Air Ser...The International Air Transport Association (IATA), Airports Council International- Africa (ACI Africa) and the International Civil Aviation Organization (ICAO) Regional Offices for African States are united in their call to governments in Africa to rapidly implement ICAO’s global guidelines for restoring air connectivity to ensure the safe...More A working national airline must emerge from SAA: governmentGovernment has pledged its continued support for a national airline, despite concerns about the viability of South African Airways (SAA).SAA was put into business rescue on 6 December 2019. In terms of the Companies Act, it was subsequently placed under the complete direction and control of Business Rescue Practitioners (BRPs).In their plan...More South Africa “unable to provide” more funds to SAAThe South African government cannot provide additional funds to rescue South African Airways (SA, Johannesburg O.R. Tambo), it has told the two business rescue practitioners appointed to try to save the carrier under bankruptcy protection.Public enterprises minister Pravin Gordhan said in a leaked letter to Les Matuson and Siviwe Dongwana,...More Ethiopian Airlines sees a $550m lossEthiopian Airlines on Tuesday announced it had lost $550 million in revenue since January attributable to the coronavirus pandemic.Ethiopian Airlines CEO, Tewolde Gebremariam, said the airlines were forced to suspend passenger flights to 91 international destinations due to the global pandemic.“Currently, the airline has suspended commercial...More Fiorano Delivers Digital Transformation at African Export-Import BankFiorano Software, a leading Enterprise Integration Middleware and API Management specialist, announced that African Export-Import Bank (Afreximbank), Egypt has chosen the Fiorano Hybrid Integration Platform (HIP) to integrate its cloud-based core banking system, Finacle, with application systems to establish a technology platform for future...More South Africa cuts off funding line to state-owned airlineSouth African Airways has been denied any further funding by its government owner as the national carrier looks for ways to recover from the coronavirus crisis and a local form of bankruptcy protection.The airline’s administrators, who were put in charge in December, were told by the state to instead source cash from available resources, according...More Ethiopia opens aid transport hub to fight COVID-19Ethiopia and the United Nations on Tuesday opened a humanitarian transport hub at Addis Ababa airport to move supplies and aid workers across Africa to fight coronavirus.The arrangement, which relies on cargo services provided by Ethiopian Airlines, could also partially offset heavy losses Africa s largest carrier is sustaining because...More Ethiopian Airlines finds new way to cope with COVID 19 economic impact...Ethiopian Airlines has won a 10 million dollars contract for cargo service to deliver supplies useful to prevent COVID 19The aviation industry is experiencing unprecedented economic challenges the world over due to the COVID 19 impacts. Ethiopian Airlines is not an exception.It has grounded over 90 planes, suspended passengers’ flights to...MoreDetectives are investigating an incident where members of an organised criminal gang diverted a cargo truck from the Jomo Kenyatta International Airport (JKIA) on Saturday, stealing mobile phones worth Sh120 million.The Directorate of Criminal Investigations (DCI) said that the consignment had left African Cargo at JKIA on its way to a warehouse...More KQ protests as Kenya hands cargo deal to Ethiopian AirlinesKenya Airways  is contesting a government deal allowing Ethiopian Airlines to operate passenger planes grounded by the coronavirus for shipment of cargo from the Jomo Kenyatta International Airport ( JKIA) in Nairobi to Europe and Asia.The loss-making KQ has said the new deal will give the rival carrier undue advantage in a period when...More Latest News Government Relief Measures needed to get Airline through the winterThe International Air Transport Association (IATA) warned that the airline industry faces a hard winter and called on governments around the world to continue providing relief measures as the COVID-19 crisis continues.Airlines are expected to post a loss of $84.3 billion in 2020 and government financial relief is a lifeline to many airlines. The bulk of airlines make their money in the northern summer season, while the winter season, even in the best of times, is a struggle to remain profitable. For example, the 2019 net profit margin for European airlines followed the normal seasonal...More XHTML: You can use these tags: a href= title= abbr title= acronym title= b blockquote cite= cite code del datetime= em i q cite= strike strong

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