Air Cargo General
1) Freightos Air Index (FAX): Situation of the 2nd week of January
(2024 lowest: $2.30 / highest: $2.60 / average: $2.40 | 2023 lowest: $2.20 / highest: $3.60 / average: $2.70)
2) EU Approves Merger of Korean Air (KE) and Asiana (AZ)
3) Jeju Air Bids for Asiana Cargo: T'way Air Expands to Europe from June
4) 2024 Global Supply Chain Issues Seen Through Keywords
5) Airline/GSA Event Update
(1) Silk Way West (7L) announces exclusive direct flights from ICN to GYD starting from the 21st of the month.
After receiving five B777F aircraft last year, Silk Way West expanded its routes to JFK, DAC, DEL, LGG, and LEJ. In order to increase supply in the Korean market, the route that previously transited Japan (GYD-KIX-ICN-GYD) will now operate as a direct route (GYD-ICN-GYD). Schedule: ICN-GYD 7L122 (D5) 07:30/11:30, 7L1244 (D7) 05:00/09:30, 7L 129 (D1) 16:30/20:30
(2) SriLankan Airlines (UL) reduces frequency on the Colombo-Incheon route from February 9th.
ICN-CMB 3W2W UL471 D1 0700/1200, D3 1215/1715 A333, 2/9~3/30
(3) Air Macau (NX) increases Seoul-Incheon flights to 2 daily from March 31st.
ICN-MFM 2W14W NX821 1414/1715, NX825 0955/1300 A320, from 3/31. MFM-ICN NX822 0835/1315, NX826 1625/2125
(4) MSC Cargo receives the fourth 'B777' cargo aircraft.
Expected to strengthen the Hong Kong-Dallas route, following the opening of the Milan-Narita route in October of last year, and the commencement of operations on the Quito-Rege route twice a week and the Jalapa-Mexico City route once a week in November.
(5) China Southern Airlines (CZ) to operate Wuhan-London route starting from March 31st.
WUHLHR CZ607 1150/1615 B787-8 D37, LHRWUH CZ608 1915/1300+1 B787-8 D37
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