SIA

SIA: SIA Cargo and its 16% owned associate China Cargo Airlines will operate joint freighter services between Singapore and Shanghai from today. The services are part of wide-ranging initiatives between the two airlines, which include enhanced system integration and more integrated ground handling at the carriers' respective hubs at Pudong Int’l Airport in Shanghai and Spore Changi Airport to improve transhipment times. It would also allow more direct access to destinations in domestic China on China Cargo's network and access to the Middle East, Africa, Australia and Latin America via SIA Cargo's network SIA Cargo has been going through a rough patch over the past year at a time of depressed global airfreight demand. The SIA unit slumped back into the red to the tune of $119m in FYMar12 despite slashing capacity.