JUPITER SEA & AIR
SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91 98407 85202
Corporate News
Letter for Saturday January
31, 2025
Today’s
Exchange Rates
|
CURRENCY▲ |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
|
|
91.98 |
0.020004 |
0.021753 |
91.92 |
91.96 |
|
|
|
1.1887 |
0.0084 |
0.701703 |
1.1971 |
1.1971 |
|
|
|
126.3437 |
0.588104 |
0.463323 |
126.4606 |
126.9318 |
|
|
|
109.5417 |
0.401199 |
0.364916 |
109.5334 |
109.9429 |
|
|
|
154.228 |
1.117996 |
0.730191 |
153.11 |
153.11 |
|
|
|
1.3724 |
0.0085 |
0.615539 |
1.3809 |
1.3809 |
|
|
|
96.736 |
0.453003 |
0.470491 |
96.423 |
96.283 |
|
|
|
0.5965 |
0.0029 |
0.483818 |
0.601 |
0.5994 |
|
/// Sea Cargo News ///
EU halts US trade deal over Trump’s
Greenland campaign
The European Union will suspend a trade deal
framework with the United States in response to the Trump administration’s
campaign to annex Greenland. Bloc members voted during a session of the
European Parliament on Wednesday to indefinitely suspend the pact, which
was formalized in Turnberry, Scotland, in August.
Under the terms of the framework deal, the
U.S. would have limited tariffs on EU imports at 15% while the bloc would
remove levies on U.S. industrial products and provide preferential market
access to a range of U.S. food exports.
Additionally, the deal called for the U.S. to
levy a 15% tariff on EU cars and auto parts, with the countries also agreeing
to cooperate on automobile standards.
Wednesday’s vote came days after U.S.
President Donald Trump said in a social media post he would place
new tariffs on six EU nations (Denmark, Sweden, France, Germany, the
Netherlands and Finland), as well as the U.K. and Norway, until a deal was
reached for the U.S. to acquire Greenland. Trump said the 10% tariff would
begin Feb. 1 and increase to 25% in June, although official documentation has
not been published.
“We have been left with no alternative but to
suspend work on the two Turnberry legislative proposals until the US decides to
re-engage on a path of cooperation rather than confrontation, and before any
further steps are taken,” Bernd Lange, chair of the European Parliament’s
International Trade Committee, said
in a statement. Lange later clarified during
a press conference there was no timeline for when the EU would
reengage in efforts to put the framework deal into effect.
Beyond putting the pact on hold, Lange said
the EU is also considering additional countermeasures to Trump’s actions,
including installing
retaliatory tariffs it first announced and later paused last year
and implementing
the Anti-Coercion Instrument.
The trade tool, which went into force in
2023, provides a formalized process for the EU to respond to attempts by
non-bloc members to influence policy using economic pressure. The EU’s
International Trade Committee will vote on whether to use the instrument on
Monday, according to Lange.
As for retaliatory duties, Lange said if
Trump goes through with enacting his latest tariff threat on Feb. 1, the EU
would set its long-paused countermeasures into force.
Trump threatened the fresh levies as he
continues to push to wrest control of Greenland from Denmark despite significant
resistance from the country and the EU at large.
In a speech at the World Economic Forum on
Monday, European Commission President Ursula von der Leyen called
Trump’s proposed tariffs a “mistake” between long-standing allies
while asserting the sovereignty of Greenland is “non-negotiable.”
“The EU and US have agreed to a trade deal
last July. And in politics as in business, a deal is a deal. And when friends
shake hands, it must mean something,” von der Leyen said .
Indonesia Reschedules Auction of
Seized Iranian Tanker and Oil Cargo
Indonesia’s Attorney General’s Office and its
Asset Recovery Agency have set a date of January 30 for an auction to sell a
seized Iranian-flagged tanker and its cargo of Light Crude Oil. It is the
second scheduled auction after a previous one for December 2025, and continues
to list the minimum price for the vessel and its cargo at approximately $69.5
million.
According to the online listing for the auction, the vessel still has
approximately 167 thousand metric tons (1.25 million barrels) of Light Crude
Oil onboard. The ship is being sold on an “as is where is” basis with a
guarantee of $6.98 million required to enter the auction and a filing of papers
no later than January 27.
The vessel, Arman 114 (300,579
dwt), is being held by the Indonesians in the waters of Batu Ampar, Batu Merah
Village, Batu Ampar District, Batam City, Riau Islands Province. While the ship
is registered in Iran, its ownership is unclear. The courts in Batam rejected
several claims to represent the Panama-registered corporation, which claims to
own the vessel. Iran has denied any involvement or ownership of the oil since
the ship was seized after a July 2023 incident.
The ship was ordered sold by the courts after
the captain, an Egyptian citizen, was convicted in absentia on pollution
charges. Indonesian patrol boats had discovered the Arman 114 in the midst
of an illegal ship-to-ship transfer of oil in July 2023. The ships hurriedly
attempted to cover their tracks after they were discovered and raised anchor in
an effort to flee. The Arman 114 was stopped by Malaysian
authorities and returned to Indonesia. The other vessel, which was using a
zombie identity, fled and was not stopped.
The captain of the Arman 114 was
put on trial, but fled the country days before the verdict. He was sentenced in
absentia to seven years in jail and a fine of approximately $300,000 (or an
additional six months in jail). The court also ordered the seizure of the
tanker and its cargo.
It was not the first time the vessel had been
in trouble globally. Built in 1997, the vessel was operating as Grace 1 when
it was seized by UK commandos in July 2019 off Gibraltar. It
was transporting a cargo of Iranian oil that the UK said was bound for Syria in
violation of EU and US sanctions. Iran retaliated with the seizure of the Stena
Impero tanker.
A Gibraltar court released the vessel in August 2019, saying Iran had committed not to deliver the oil to Syria. The ship changed its name to Adrian Darya 1 under the Iranian flag and, in 2020, again changed its name to Arman 114. The ship has been under U.S. sanctions since 2019.
France Seizes Sanctioned Shadow Tanker in Mediterranean
The Navy released pictures of two helicopters swooping in on the tanker named Grinch (115,635 dwt) and boarding the ship for an inspection of its documentation. The statement said the ship was on “the high seas” in the Alboran Sea, placing it east of Gibraltar and between Spain and Morocco.
French authorities reported they were working
with Allies, including the United Kingdom, and suspected the ship was flying a
false flag. Databases show the Grinch as built in 2004 and
claiming a registry in Comoros, which is listed as false. The tanker is
reported to be owned by a shell corporation registered in the Marshall Islands.
No inspections have been reported since December 2023, and the Indian Registry
of Shipping reports class was withdrawn, with renewal listed as overdue since
October 2025.
The tanker loaded in Murmansk, Russia, at the
end of 2025, and made its way to the Mediterranean. Its last AIS signal says
“for orders.” The tanker was sanctioned by the United States in January
2025 for violations of the G7 price cap on Russian oil, and that was followed
by the EU in February and the UK in July. Canada and Switzerland have also
sanctioned the tanker.
French authorities said the inspection team
confirmed suspicions regarding the legitimacy of the flag being flown and
reported the matter to the Public Prosecutor in Marseille.
The tanker was being escorted by the French
Navy to an anchorage. They said it would undergo further investigation.
Officials are saying the vessel has a crew made up of Indian nationals.
President of France Emmanuel Macron has been
advocating since last fall for interrupting the operations of the shadow tanker
fleet, saying holding the vessels even for a few days would disrupt the
operation. In September, France detained but later released the shadow fleet
tanker Boracay, also on suspicion of operating under a false flag.
The captain was ordered to appear before a French court.
“We will not tolerate any violation,” wrote
Macron, announcing today’s action. “We will let nothing pass,” he asserted. The
British have also threatened in recent days to increase their enforcement
efforts on the shadow fleet, to which Russia cautioned and, in the past, has
called the actions piracy. The European Union increased its regulations last
year, authorizing member states to inspect vessels’ documentation and proof of
insurance even if they were only transiting waters and not making port calls.
The tracking service TankerTrackers.com
analyzed the movements of the Grinch. They are writing that
the tanker was likely bound for Syria. The report says that Russia supplies
Syria with oil in order to maintain its air force and navy presence along the
Mediterranean. Russian officials quickly denounced the seizure with the Embassy
in France saying it had not been advised of the actions. It said it was working
to determine if there are any Russian crewmembers aboard the vessel.
USCG Icebreakers Aid Great Lakes
Shipping as Arctic Front Ices the Lakes
The U.S. Coast Guard Great Lakes is reporting a series of callouts in the past days as an Arctic Front crossed the Midwestern region of the United States and interrupted shipping. Some of the shipping is providing critical winter supplies of coal and fuel, while others were attempting to reach port to begin their winter lay up as the shipping season on the Lakes has come to an end.
The local TV news station in Toledo, Ohio,
WTOL News 11, reports ice coverage developed quickly on the Lakes and is now
above average for this time in the season. It cites NOAA data reporting that
Lake Erie quickly went to nearly 80 percent ice coverage as of January 20.
The Coast Guard reports it dispatched two
icebreakers in recent days to aid shipping. On Lake Erie, the American
Spirit, a 1,004-foot freighter operating on the Lakes since 1978, requested
assistance on Wednesday, January 21. The Coast Guard said the vessel was making
slow headway but was not stuck, although the TV station reports early on
Wednesday, it appeared the vessel was stationary.
The USCG Cutter Neah Bay was
dispatched to the American Spirit. It helped by breaking the ice,
and WTOL says the vessel was back underway by midday. The USCG escorted the
vessel, and it reached Toledo, where it is going into winter layup.
It was the second time in days for the Neah
Bay to aid shipping. On January 15 with was directed to aid the Lee
A. Tregurtha, a 1942-built vessel that has been sailing the Great Lakes
since 1961.
The cutter aided in getting the vessel
through 6 to 8 inches of brash ice in the St. Marys River and to proceed to the
Soo Locks in Sault Ste. Marie, Michigan. It was the last day of the season for
the Soo Locks, which were closing for the winter navigation season.
The Cutter Mackinaw was also
called out on Lake Huron yesterday, January 21, to free the Wilfred
Sykes, a 661-foot vessel operating on the Lakes since 1950, from
the ice. It was escorted into the Straits of Mackinac. The U.S. Coast Guard
highlights that it has two operations, Coal Shovel and Taconite, in service on
different parts of the Lakes to aid shipping and maintain winter navigation.
Taconite, which focuses on Lake Michigan and Lake Superior, began in
mid-December.
Coal Shovel launched at the beginning of
January, focusing on the region ranging from southern Lake Huron to the St.
Clair-Detroit River and into Lake Erie and Lake Ontario, to maintain channels
to icebound communities and for vessels carrying critical supplies such as food
and heating oil.
Cautious
optimism as Maersk returns to the Suez
Over the past few months, our polls have
captured how container shipping professionals and industry followers view the
challenges and opportunities facing the sector. Our latest survey focuses on
Maersk’s decision to return the MECL Service to the Trans-Suez Route, providing
a timely follow up to previous discussions about 2025 operational disruptions
and 2026 profitability risks.
Russia,
India holding technical discussions to explore possibility of joint production
of Su-57: Official
India and Russia are holding technical
discussions to explore the possibility of the joint production of the
5th-generation Sukhoi Su-57E fighter jet in India, a top Russian aerospace
official claimed on Wednesday.
There was no response from the Indian side on
his claim.
"Today, we are in the advanced stage of technical negotiations on this
contract. Such contracts, given our experience determine the trajectory of
our cooperation for several decades to come," CEO of Russia's United
Aircraft Corporation (UAC) Vadim Badekha told Russian reporters on the
sidelines of the Wings India air show at Begumpet airport in Hyderabad.
Russia has put on static display its latest
regional transport aircraft - the Ilyushin Il-114-300 and the Sukhoi SJ-100.
Badekha claimed that the parties are also discussing "the licensed
production of the Su-57 fighters in India at the facilities currently used to
produce the Su-30 aircraft, and the maximum use of Indian industry and Indian
systems in this aircraft."
"Therefore, the contract requires
extensive, in-depth study. It is currently in the advanced stage of technical
consultations," Badekha was quoted as saying by the state-run TASS news
agency.
Earlier, the CEO of the state-arms exporter
Rosoboronexport, Alexander Mikheev, announced that the company was offering New
Delhi the supply of the latest fifth-generation Su-57E fighter jets, as well as
the organisation of their production in India and assistance in developing its
own indigenous AMCA stealth fighter, the state-run RIA Novosti reported.
Meanwhile, the private Interfax agency reported about the signing of an
agreement between UAC and Hindustan Aeronautics Limited (HAL) for the
production of Superjet-100 regional jets in India.
"The document formalises the agreement that HAL will assist UAC in the
Superjet type certification/validation process in India. HAL will also be
granted a license to manufacture and sell the SJ-100, including components,
parts, and spare parts necessary for the repair and maintenance of this
aircraft," Interfax reported.
UAC, in turn, will assist HAL in organising
and re-tooling its production facilities for SJ-100 production through
consulting, design services, and specialist engagement. The roadmap, timeframe,
project financial indicators, and detailed workforce allocation are expected to
be reflected in the master agreement.
In October, UAC and HAL signed a memorandum of understanding for the production
of Superjets in India. UAC expects not only to localise the production of
"components, units, and systems for our aircraft," but also to supply
them to Russia, according to Badekha.
"This is a huge opportunity for us to expand our cooperation and reduce
the cost of our aircraft. And, accordingly, to create a truly new level of
cooperation in the aviation industry," Badekha underscored.
The so-called Import-Independent Superjet-100 version being offered to India
will feature all Russian components, including specially designed PD-8 engines,
and is not prone to Western sanctions. Until
2022, Russia mass-produced Superjets, developed through international
cooperation. However, the project was halted due to Western sanctions.
Direct
flight from Dhaka to Karachi starts Thursday after 14 years
A special ceremony will be held on Thursday
night at the Karachi airport to celebrate a direct flight between Pakistan and
Bangladesh, restoring non-stop air connectivity between the two countries after
over a decade.
A state-run Biman Bangladesh Airlines flight
G-341 from Dhaka will land at the Jinnah International Airport in Karachi at 11
pm, aviation sources said. This would be the first direct Dhaka-Karachi flight
since 2012.
The development comes amid growing bonhomie
between Bangladesh and Pakistan after prime minister Sheikh Hasina was ousted
following massive student-led protests in Bangladesh on August 5, 2024.
Aviation sources said a special ceremony will
be held to celebrate the occasion. The
airlines will operate flights between Dhaka and Karachi twice a week and has
been given license until March 30 to test the waters before a long-term
permission is given to the airlines, the sources added.
Earlier, the airline, in a statement in Dhaka
earlier this week, said, the Biman Bangladesh Airlines will operate on the
Dhaka-Karachi route on Thursdays and Saturdays.
The flight will depart Dhaka at 8:00 pm local
time and arrive in Karachi at 11:00 pm. The return flight will depart Karachi
at 12:00 midnight and arrive in Dhaka at 4:20 am.
Currently, passengers travelling between the two countries largely depend on
connecting flights through hubs such as Dubai or Doha.
Pakistan and Bangladesh governments have been discussing the resumption of
direct flights between Dhaka and Karachi since last year in a bid to boost
trade and other ties after years of strained relations.
Bangladesh gained independence from Pakistan in 1971.
Plans to restart direct flights between Bangladesh and Pakistan were first
announced in August last year during the visit of Pakistani Deputy Prime
Minister and Foreign Minister Ishaq Dar to Dhaka.
Dar's visit to Dhaka was the first such high-level engagement between Pakistan
and Bangladesh in over a decade.
The re-launch follows formal approval from the Pakistan Civil Aviation uthority,
which has cleared Biman to operate on the route and to use designated air
corridors within Pakistani airspace, the officials said.
India's
aviation fleet to triple in size in 10 years' time, Airbus says
Airbus said on January 29 that Indian airlines are
likely to triple their combined fleet to around 2,250 aircraft over the next
ten years, driven by steady economic expansion, a growing middle class and a
sharp rise in first-time air travellers.
On similar lines, Boeing had said a day
earlier that airlines across India and South Asia -- an increasingly
competitive market for aircraft manufacturers and one where Airbus currently
holds a strong lead -- will need almost 3,300 new planes by 2044.
"And we are expecting a compound growth
of (passenger traffic) around 8.9 per cent in the next 10 years. How do we see
the infrastructure? How do we see the aviation system which will support this
growth? We are expecting around 200 airports in 10 years, so another 50
airports more. We will see a tripling of the fleet. So we will have around
2,250 aircraft in service in 10 years," news agency PTI quoted Westermeier
as saying.
Such regional projections are closely tracked
by the global aerospace industry, as India ranks as the world’s third-largest
domestic aviation market after the US and China, dominated by major carriers
IndiGo and Air India.
Despite its size, India’s aviation market remains underpenetrated. Air travel
stands at just 0.13 trips per person, far below levels seen in comparable
regions, Jürgen Westermeier, Airbus president and managing director for India
and South Asia, told news agencies.
This indicates significant untapped potential
for air travel adoption, he said while releasing the forecast on the second day
of India’s biennial civil aviation air show.
Westermeier also noted that certain aerospace
services could benefit from lower tariffs following the recently concluded
India–EU trade agreement.
India, the fastest-growing domestic aviation market globally, has followed the
worldwide trend of placing large aircraft orders as airlines add capacity,
phase out older, less fuel-efficient planes and cater to surging post-pandemic
travel demand.
In recent years, Indian airlines have announced some of the largest aircraft
orders ever, aimed at rapid fleet expansion rather than simple replacement,
unlike carriers in more mature markets.
Westermeier informed that Airbus currently has a backlog of 1,250 aircraft from
Indian airline players and hopes to deliver on an average 120-150 planes every
year -- translating to two per week.
Airbus retained its position as the world’s largest aircraft manufacturer last
year, overcoming challenges such as engine shortages, supply chain disruptions
and tariff-related pressures.
Another big positive as the fleet grows will
be the creation of more capacity for freight. He said. The annual cargo
capacity of Indian carriers will be bigger than 5,000 kilo tonne (five million
tonne), which again is a tripling of what the country has today, he forecast.
To support the expanded fleet, the demand for pilots is projected to rise
sharply to 35,000 by 2035 from the current 12,000, while the technical
workforce will need to nearly triple to about 34,000 from 11,000, he noted.
Alongside this, the aircraft maintenance market is expected to grow threefold
over the next decade, expanding from roughly USD 3 billion today to about USD
9.5 billion, covering airframe, component and engine MRO services.
Airbus is also setting up final assembly lines for its H125 helicopters, with
deliveries planned to begin next year. At present, Airbus’s sourcing from India is
valued at USD 1.5 billion, more than half of which comprises complex components
such as doors.
The company is additionally exploring the use of raw composite materials to further deepen its sourcing footprint in the country, Westermeier added.
AEI
starts work on second Hainan Airlines freighter
Conversion specialist AEI has started work on the second 737-800SF for Hainan Airlines at partner facility GCAM, supporting cargo expansion
Aeronautical Engineers Inc (AEI) has started
work on the second of three Boeing 737-800 freighter conversions
for Haikou-based Hainan Airlines.
Work on the aircraft (MSN32603) started on 5
January at AEI partner Grand China Aviation Maintenance Co (GCAM), which is
performing the modification, maintenance and touch labour requirements.
Once complete, the aircraft will be operated
by Hainan Airlines’ sister company Tianjin Air Cargo to support the airline’s
growing cargo operations.
At present, Hainan Airlines does not operate
any freighters, while Tianjin Air Cargo has a fleet of six 737-800 converted
freighters. HNA Aviation is a shareholder in both carriers.
The AEI converted 737-800SF freighter offers
a maindeck payload of more than 23 tonnes and incorporates eleven full-height
88” x 125” container positions, plus an additional position for an AEP/AEH.
While not yet scheduled, the third aircraft
is expected to commence modification immediately following the completion of
MSN32603.
GCAM became the sixth AEI authorised conversion centre in 2023.
Emirates
SkyCargo adds scheduled Liege freighter flights
Emirates
SkyCargo 777FEmirates SkyCargo has expanded its European
freighter network with the addition of scheduled flights to Liege. The new
service will operate five times per week using one of the airline’s Boeing 777
freighter aircraft.
Three of the flights will connect Liege
with Chicago’s O’Hare International Airport and Al Maktoum International
Airport in Dubai to transport critical, temperature-sensitive pharmaceuticals.
The other two flights will originate in
Hong Kong and carry e-Commerce shipments to and through Liege. The carrier said
it had decided to launch the scheduled operation after seeing sustained demand
for its ad hoc flights to the Belgian cargo specialist airport.
The goods carried on the ad hoc flights
included fresh-cut flowers and e-commerce packages, as well as dedicated
charters for horses travelling to global competitions.
Emirates SkyCargo vice president of cargo
commercial for Europe said: “In 2025, we moved more than 15,000 tonnes of cargo
from Belgium, across freighters and bellyhold capacity on our double daily
passenger flights to Brussels, and we anticipate significant growth with the
deployment of five weekly freighters.
”Liege Airport’s freighter-first operations,
world-class infrastructure and well-connected logistics ecosystem enables us to
better serve Belgium and its neighbouring countries and deliver consistently
high service levels for our customers.”
Emirates SkyCargo said that Europe is one of
its busiest regions with operations extending to 38 freighter and 538 passenger
flights every week. The new service comes shortly after the airline confirmed
plans to expand its freighter fleet by 10 aircraft this year.
The airline’s freighter fleet currently
stands at 11 Boeing 777Fs and five wet-leased Boeing 747s. By the end of the
year, it plans to operate at least 21 777 freighters.
Last year Liege Airport saw its cargo volumes increase by 14% to 1.3m
tonnes.
DHL
adds two 737-400Fs to boost African trade capacity
DHL Aviation has added two Boeing 737-400 freighters to its African network to strengthen intra-continental capacity and support connections on critical Africa-Europe and Africa-Asia trade lanes.
DHL said it is the only integrator with a
dedicated air network in Sub-Saharan Africa (SSA) and will continue to grow its
capacity to meet increasing demand from West African businesses across key
sectors, including e-commerce, perishables, energy and life sciences &
healthcare.
The narrowbody 737-400Fs have an approximate
payload capacity of just over 20 tonnes and a range of about 2,000 nautical
miles (3,700 km).
The freighters are expected
to improve transit times and delivery predictability, and extend
DHL’s reach to support businesses across West Africa and beyond.
“As trade expands across Africa under the
African Continental Free Trade Area, businesses are demanding predictable
transit times and consistent delivery performance,” said Anthony Beckley,
vice president of operations and aviation, DHL Express SSA.
”The two dedicated aircraft will be
integrated into DHL Aviation’s African air network, strengthening connections
on critical Africa-Europe and Africa-Asia trade lanes.”
“With this latest investment, DHL Express
reaffirms its position as the logistics partner of choice for businesses
seeking to grow their presence in regional and global value chains,” added
Riaan Vorster, aviation senior director, DHL Aviation SSA. The aircraft
were unveiled at Murtala Muhammed International Airport in Lagos, Nigeria.
Last year, DHL said it would invest €300m in the Sub-Saharan Africa region across
its express, forwarding and supply chain business to expand infrastructure,
enhance service capabilities and drive new opportunities in e-commerce,
perishables, energy, and life sciences and healthcare.
Alaska
Air cargo revenue climbs 11% in fourth quarter
Alaska Air Group reported $146m Q4 cargo
revenue as Alaska and Hawaiian Airlines merged operations under single
certificate.
Alaska Air Group has reported positive fourth
quarter 2025 for cargo revenue, while its subsidiary Alaska Airlines and its
acquisition Hawaiian Airlines are now carrying out flights under a single
air operating certificate (AOC).
The Group, which completed the acquisition of Hawaiian Airlines in
September 2024, said cargo revenue was $146m for the fourth quarter of 2025, up
11% year on year. Cargo revenue for 2025 was $549m, up 58% from $348m in 2024.
"We continued to build on key milestones
for our Alaska Accelerate strategy during the quarter, including achieving a
single operating certificate for Alaska and Hawaiian Airlines," said the
Group.
Alaska added that this month, cargo
also became the first operational workgroup of Alaska Airlines and
Hawaiian Airlines to be fully integrated, "merging onto one
unified cargo selling and technology platform".
Alaska operates three Boeing 737-700
passenger-to-freighter (P2F) aircraft and two Boeing 737-800P2Fs, while
Hawaiian now operates 10 Airbus A330-300P2Fs for Amazon.
In the Group's fourth-quarter earnings call
held on 23 January, Benito Minicucci, president, chief executive and
director of Alaska Air Group cofirmed Hawaiian would not be taking on any
additional A330-300P2Fs for Amazon. "That number is not going
up," he said.
Speaking about expectations for cargo
business this year, Jason Berry, chief operating officer at Alaska
Airlines, said that "as we brought these two airlines together, we saw a
lot of synergies and opportunities, and those are happening".
He added: "And the top-end revenue and
the margin is really good coming in on the cargo side. We're seeing good
momentum on all sides. We just actually got to a single selling platform
earlier this month, and that's really actually helping us unlock and making it
a lot simpler for our customers on the cargo side to book with us. So we expect
to continue to see positive growth on that as we bring in the new (passenger)
wide-bodies and continue to just work the network."
Earlier this month, Alaska Airlines
confirmed it would order 105 new 737-10 aircraft and five new 787 aircraft.
Looking ahead to the end of the first
quarter, Alaska said it expected first-quarter unit revenues to be
"solidly positive", but it acknowledged economic conditions meant
there is a level of uncertainty.
However, Alaska said it would continue to
benefit from the acquisition of Hawaiian in 2026.
"We expect to continue to realise value
from Alaska Accelerate initiatives and synergies from the Hawaiian integration,
which remain on track or ahead of plan relative to our initial
expectations."
Additionally, the Group said it is close to
being operationally ready to launch passenger flights to London Heathrow
(LHR) year-round and Rome Fiumicino Airport (FCO) seasonally, which will
further support belly cargo operations.
I hope you have
enjoyed reading the above news letter.
Robert Sands
Joint Managing Director
Jupiter Sea & Air Services Pvt Ltd
Casa Blanca, 3rd Floor
11, Casa Major Road, Egmore
Chennai – 600 008. India.
GST Number : 33AAACJ2686E1ZS.
Tel : + 91 44 2819 0171 / 3734 / 4041
Fax : + 91 44 2819 0735
Mobile : + 91 98407 85202
E-mail : robert.sands@jupiterseaair.co.in
Website : www.jupiterseaair.com 1Branches : Chennai, Bangalore,
Mumbai, Coimbatore, Tirupur and Tuticorin.
Associate Offices : New Delhi, Kolkatta, Cochin &
Hyderabad.
Thanks to :
Container News, Indian Seatrade, Cargo Forwarder Global &
Air Cargo News.
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