The acquisition is to be done through Ghitha’s wholly-owned indirect subsidiary, Ghitha Aeroinvest Holding for $211 million
cargo business
Aramex positive on Q4 after decline in third-quarter revenue
Despite the decline in revenue, Aramex managed to increase its gross profit by 4 percent year-on-year through proactive measures to boost operational efficiencies and optimize General and Administrative expenses
Emirates to double cargo capacity in 10 years
Emirates SkyCargo expects ongoing expansion after adding planes to fleet
June cargo volumes at Saudi ports jump over 16 percent to reach 27 million tonnes
The developmental works launched by the Saudi Ports Authority (Mawani) to enhance operating performance and upgrade port capabilities have led to the surge in cargo output last month
Global air cargo continues to fall amid ongoing supply chain crisis
Easing of lockdowns in China a respite for improvement in key markets
Etihad Airways posts highest-ever cargo revenues, lowering losses as passenger volumes recover
While ongoing travel restrictions and new variants of the virus dampened demand, Etihad Airways saw passenger revenues bounce back in Q4 2021, recovering to 50% of 2019 levels in December
Middle East carriers post 11.3% increase in international cargo volumes
Covid-19 pummelled international trade routes for most of 2020, but lines are reopening and trade is witnessing a resurgence
Back in Business: the big issues facing the air cargo industry
When is the airlift of Covid-19 vaccine going to start and how many planes will be required to carry these vaccines?
IndiGo to grow Middle East cargo business with Heavyweight Air Express
As part of IndiGo’s plans to grow its cargo business, the carrier is adding Airbus 321 airfcraft to its fleet