Thai Air Cargo startup
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Thai Air Cargo startup
Two different press releases here. Looks like TAC is getting a start with a wet lease but wondered if there's any info on when they plan to acquire their own fleet. The second article says they plan on using MD-11's
non sched
World Airways, a wholly-owned subsidiary of World Air Holdings, Inc. (Nasdaq: WLDA - News) has signed an ACMI wet-lease contract to provide MD-11F freighter service for Thai Air Cargo, a recently formed joint venture between Thailand's CTI Group and Qantas Airways Ltd., beginning in June. World Airways will operate one MD-11F between Thailand and markets in Southeast Asia, China and Europe under a one-year contract valued at approximately $21.6 million, with an option for a second year.
"World Airways is pleased to be playing an instrumental role in the start- up of this new cargo airline, which has such strong and world-renowned partners," said Rob Binns, World's senior vice president, Marketing and Planning. "Our reputation for reliable international operations will support Thai Air Cargo well as the airline launches this new venture."
CTI (Commercial Transport International) was founded in 1977 and has developed into Thailand's leading trade logistics facilitator, covering the full range of freight transport services, customs brokerage and warehousing facilities. With the establishment of the Thai Air Cargo airline, the Group is further integrating its services in the chain of physical distribution of goods, to also include air carriage.
http://biz.yahoo.com/prnews/050310/clth076_1.html
Qantas Airways and CTI Holding of Thailand have signed a joint venture agreement formalising the establishment of Thai Air Cargo, the new Asian cargo airline to be based in Bangkok.
(12/9/2004)
Thai Air Cargo, which is 51% owned by Thailand’s CTI Holding and 49% owned by Australian airline Qantas, will primarily serve Asian sectors within 5 to 6 flying hours of Bangkok, operate high capacity MD11 freighter aircraft capable of carrying up to 86 tonnes of cargo, and initially target markets in Japan, China, India and Europe, where it will also establish sales offices in addition to Thailand.
The managing director of CTI Holding, Anusak Inthraphuvasak, said that Thai Air Cargo plans to operate its first flight in mid-2005.
“The establishment of this new cargo airline will greatly assist Thai exporters of manufactured goods and producers of agricultural products to supply their markets,” said Inthraphuvasak. “Thai Air Cargo has the right financial backing, market knowledge and airline experience. We have come to know Qantas Airways as a highly efficient and dynamic operator of air cargo, and Thai Air Cargo and the air freight community in Thailand will benefit from Qantas’ expertise.”
Qantas Airways executive general manager - associated businesses, Denis Adams, said that Qantas was pleased to have the opportunity to join with the CTI Group in forming Thai Air Cargo. “This is an excellent opportunity for Qantas to participate in the fast growing intra-Asia freight market and is an important part of the growth strategy for Qantas Freight.”
He added that the launch of Thai Air Cargo also demonstrates Qantas’ overall commitment to expanding its Asian operations, including the commencement of Qantas services between Sydney and Shanghai last weekend and the first flight of low-cost passenger airline, Jetstar Asia, next week.
A team from Thai Air Cargo and Qantas Airways will hold discussions with suitable aircraft providers and recruit staff in Thailand and throughout the planned Thai Air Cargo network in the lead up to the first flight.
http://www.eyefortransport.com/index.asp?news=44333
non sched
World Airways, a wholly-owned subsidiary of World Air Holdings, Inc. (Nasdaq: WLDA - News) has signed an ACMI wet-lease contract to provide MD-11F freighter service for Thai Air Cargo, a recently formed joint venture between Thailand's CTI Group and Qantas Airways Ltd., beginning in June. World Airways will operate one MD-11F between Thailand and markets in Southeast Asia, China and Europe under a one-year contract valued at approximately $21.6 million, with an option for a second year.
"World Airways is pleased to be playing an instrumental role in the start- up of this new cargo airline, which has such strong and world-renowned partners," said Rob Binns, World's senior vice president, Marketing and Planning. "Our reputation for reliable international operations will support Thai Air Cargo well as the airline launches this new venture."
CTI (Commercial Transport International) was founded in 1977 and has developed into Thailand's leading trade logistics facilitator, covering the full range of freight transport services, customs brokerage and warehousing facilities. With the establishment of the Thai Air Cargo airline, the Group is further integrating its services in the chain of physical distribution of goods, to also include air carriage.
http://biz.yahoo.com/prnews/050310/clth076_1.html
Qantas Airways and CTI Holding of Thailand have signed a joint venture agreement formalising the establishment of Thai Air Cargo, the new Asian cargo airline to be based in Bangkok.
(12/9/2004)
Thai Air Cargo, which is 51% owned by Thailand’s CTI Holding and 49% owned by Australian airline Qantas, will primarily serve Asian sectors within 5 to 6 flying hours of Bangkok, operate high capacity MD11 freighter aircraft capable of carrying up to 86 tonnes of cargo, and initially target markets in Japan, China, India and Europe, where it will also establish sales offices in addition to Thailand.
The managing director of CTI Holding, Anusak Inthraphuvasak, said that Thai Air Cargo plans to operate its first flight in mid-2005.
“The establishment of this new cargo airline will greatly assist Thai exporters of manufactured goods and producers of agricultural products to supply their markets,” said Inthraphuvasak. “Thai Air Cargo has the right financial backing, market knowledge and airline experience. We have come to know Qantas Airways as a highly efficient and dynamic operator of air cargo, and Thai Air Cargo and the air freight community in Thailand will benefit from Qantas’ expertise.”
Qantas Airways executive general manager - associated businesses, Denis Adams, said that Qantas was pleased to have the opportunity to join with the CTI Group in forming Thai Air Cargo. “This is an excellent opportunity for Qantas to participate in the fast growing intra-Asia freight market and is an important part of the growth strategy for Qantas Freight.”
He added that the launch of Thai Air Cargo also demonstrates Qantas’ overall commitment to expanding its Asian operations, including the commencement of Qantas services between Sydney and Shanghai last weekend and the first flight of low-cost passenger airline, Jetstar Asia, next week.
A team from Thai Air Cargo and Qantas Airways will hold discussions with suitable aircraft providers and recruit staff in Thailand and throughout the planned Thai Air Cargo network in the lead up to the first flight.
http://www.eyefortransport.com/index.asp?news=44333
