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India, China air services deal opens door for Great Wall
- MUMBAI, (WorldACD) - Under the recent air services agreement between India and China, Chinese cargo carrier Great Wall of China can now operate services to Chennai and Mumbai.
From India, private carrier, Jet Airways can start Mumbai-Shanghai-San Francisco flights.
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TREND – Cargo traffic increase in Nov - AEA
- BRUSSELS, Jan 21 (WorldACD) – Figures from the Association of European Airlines (AEA), which groups around 30 airlines, reveal that freight traffic carried on scheduled services increased by 3.5 percent in November 2007 on the corresponding month the previous year.
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China express service industry may slow down
- HONG KONG, Jan 22 (WorldACD) - China’s fast developing express service industry may slow down in 2008 as cargo transportation demand from domestic and foreign companies may decrease due to the steam-losing US economy.
CargoNews Asia reported Logistics Association China as saying that foreign majors represented by DHL and Federal Express will tap the chance of Beijing 2008 Olympic Games to reinforce their leading positions in the Chinese market, while domestic players, especially private ones, which feature smaller business volume, weaker capital strength and poorer management, will see days get harsher.
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Carrier cuts US flights
- CHICAGO, Jan 23 (WorldACD) - United Airlines is slashing its domestic flight schedule, with the cuts falling heaviest at Chicago's O'Hare International Airport, as it fights to stay aloft amid a deteriorating economic environment.
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Israeli firm seeks freighter conversion site in India
- MUMBAI, India, Jan 24 (WorldACD) - Bedek Aviation Group, part of the Israel Aerospace Industries (IAI), is in talks with Hindustan Aeronautics (HAL) to set up a freighter conversion site in Bangalore.
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Russia to start work on new cargo plane
- MOSCOW, (WorldACD) - A new cargo plane, the IL-96, is about to go into production.
Russia's First Deputy Prime Minister Dmitry Medvedev has visited a company producing the planes and spare parts in the central Russian city of Voronezh. Medvedev met factory workers, handing them a certificate allowing serial production of the new IL-96 cargo plane.
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