Chicago-based forwarder USF Worldwide pulled away from its Asia expansion, giving
up its interest in the USF Asia Group and agreeing to pay its partner in the joint
venture $10 million and provide the Hong Kong company $6 million in loans…Ariana
Afghan Airways flew its first cargo flight in at least three years last month, operating
a 727 freighter to Sharjah International Airport last month to launch what Sharjah
officials say will be regular scheduled all-cargo service… Hong Kong-based Dragonair
said fleet enhancements helped cargo traffic grow 30 percent in 2001, to 121,214
tonnes…Projecting that it will lose $89 million in the current fiscal year, All
Nippon Airways will cut 1,000 jobs in addition to the 680 cuts already announced….
Menzies Aviation Group ceased its ramp handling operations at Korea’s Incheon International
Airport, saying it was unable to get access to adequate cargo facilities at the
airport… The Malaysian government is considering requests by foreign carriers to
acquire stakes in financially troubled national carrier Malaysian Airline System…
In the most dramatic signal yet of warming trade relations between Vietnam and the
United States and a sharp blow to Airbus, Boeing sold four 777-200ER jets to state-run
Vietnam Airlines, a deal worth $680 million at published prices…DHL Worldwide Express
opened a strategic parts storage and distribution center near Guam International
Airport…. Preparing to open its second runway in April, Tokyo Narita International
Airport was expanding its cargo facilities to handle new business… Thai Airways
net profit fell 59 percent, to $43.9 million, in the year ending Sept.2001…. Freight
handled by Hong Kong Air Cargo Terminals Ltd. Fell 9 percent in 2001, although the
business declines slowed down from month to month during the fourth quarter… Cargo
traffic at Macau International Airport surged 21.6 percent during December and rose
11.7 percent for the year…. China Southern Freight, which will offer forwarding
and brokerage services in Nanjing, Guangzhou and Wuhan….. Asia based customers of
China Southern Airlines are able to track their U.S. bound packages on-line after
the carrier placed airline flight numbers on trucks moving freight across the U.S.
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