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Effective 1 January 2017, FedEx Express said it will no longer accept stand-alone lithium-metal batteries (categorised as UN 3090) and stand-alone lithium ion batteries (categorised as UN 3480) prepared as IATA Section II shipments
Cathay Pacific became the latest carrier to confirm that the going is getting tougher, with operating profits halving in 2011 to HK$5,514 million (US$710 million) on revenue up just under 10% at HK$98,406 million.
Singapore Airlines Cargo has slashed capacity by 20% as it cuts frequencies to Europe and North America. The move is the latest sign that Asia's air cargo sector is struggling in the face of weak demand and over capacity
This year’s Singapore Airshow could be the biggest yet and, once again, gives the island nation a chance to highlight its aerospace capabilities and its strategic significance as an aviation hub, writes Andrzej Jeziorski. Despite continued economic uncertainty in key markets such as Europe and the USA, demand for new aircraft remains strong – as evidenced by the order and delivery tallies just released by manufacturers Airbus and Boeing (see pages 26-27). Asia’s relatively healthy economies and pent-up demand in China and India are now more alluring to aircraft makers than ever, and all key forecasts for the next two decades show the region as the driver of the continued growth of the global aviation industry. This is encouraging news for the organisers of this year’s Singapore Airshow – the biggest event of its kind outside of Europe.
According to European aircraft manufacturer Airbus, demand for new aircraft over the next 20 years will total 26,900 new passenger jetliners and more than 900 dedicated freighters, with the Asia-Pacific region as a major growth driver. The combined value of the new aircraft will be about US$3.5 trillion.