The Airport Authority Hong Kong (AAHK) today announced the extension of Chief Executive Officer Stanley Hui Hon-chung’s service term by two years from 1 February 2013.

Demand for air cargo rose by 5.2% in February over the same month in 2011, according to rthe latest figures from the International Air Transport Association (IATA).

A new survey of freight forwarders suggests that the industry expects both ocean and air cargo volumes to pick up over the next six months.

In a press release, Changi officials explained that the Changi Airport Group Initiative, or CAGi, is designed to offset the 4.8 percent, year-over-year, loss the Asia-Pacific airfreight sector experienced in 2011. Changi cited escalating fuel prices and economic problems throughout the U.S. and eurozone as contributors to this decline.

The International Air Transport Association (IATA) has announced a downgrade to its industry outlook for 2012, primarily due to rising oil prices.

French airports posted record passenger numbers last year in contrast to air freight traffic which sank into the doldrums.

Global air traffic continued to rise in January, but demand for air freight fell 8% over last year, according to the latest figures from the International Air Transport Association (IATA).

Just when business operators at the flood-ravaged Don Mueang airport were starting to demand more aid, Airports of Thailand Plc (AoT) has announced additional relief may soon be forthcoming.

Thailand should not be tempted to turn Don Mueang airport into another international option, focusing instead on developing Suvarnabhumi airport as a single hub, says the International Air Transport Association (IATA).

Two major Asian air freight hubs have reported falls in cargo volumes in January, although executives say an earlier Chinese new year holiday in 2012 accounts for much, but not all, of the difference.