Newsletter – November 1, 2019

AIR FREIGHT UPDATES

(Cargo) business as usual in Hong Kong as peak season arrives for Cathay Pacific

theloadstar.com

Amid five straight months of government protests that have pushed Hong Kong into recession, the peak season has arrived for Cathay Pacific Cargo.

And Frank Yau, head of cargo sales Hong Kong said: “While the situation in Hong Kong remains volatile, it is worth reiterating that the cargo business is carrying on as normal.” Read more here (login required).

WOW Air prepares to make a cargo comeback

aircargonews.net

Icelandic airline WOW, which offered budget passenger flights before folding in March this year, is making preparations to start operating as a cargo airline.

The new WOW airline was initially going to provide passenger flights from October this year, but later announced a two-month delay. Read more here.

Edmonton airport set to be the world’s first drone delivery hub

aircargonews.net

Drone Delivery Canada (DDC) is to establish the world’s first airport drone delivery hub, at Edmonton International Airport.

DDC, with the assistance of sales agent Air Canada, has entered into a commercial agreement with the Edmonton Regional Airports Authority (ERAA) to use the Canadian airport for its proprietary drone delivery platform. Read more here.

OCEAN FREIGHT UPDATES

CMA CGM and DP World get nod to expand Le Havre port

splash247.com

A joint venture featuring CMA CGM and DP World has been granted the contract to expand box facilities at the port of Le Havre in northern France. Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

Bank of Canada holds rates, warns economy will be ‘tested’

bnnbloomberg.ca

The Bank of Canada forecast a weaker outlook for the domestic economy amid heightened global downside risks, potentially giving itself more leeway to lower borrowing costs. Read more here.

Spirit Aero to Buy Bombardier’s Aerostructures Business

news.airwise.com

Bombardier has agreed to sell its aerostructures business to Kansas-based Spirit AeroSystems for USD$1.1 billion as the Canadian company refocuses on business aviation and its train business. Read more here.