CargonewsXpress - Edition 1477

If this newsletter is not properly displayed, please click here. ABOUT US SUBSCRIPTION ADVERTISING CONTACT US - Edition: 1477 Headlines Korean Air increases frequency to Canada and China Jet Airways deal withEtihad put on hold Airbus A350 makes maiden flight Cathay May cargo traffic falls 1.5% JNPT to compensate DP World in case of delay JAL, Mitsubishi in Myanmar venture NetFreight now in the cloud Contents Korean Air increases frequency to Canada and China Korean Air, South Korea's flagship airline, has has increased frequency on its routes to Canada and China. Jet Airways deal with Etihad put on hold The Foreign Investment Promotion Board (FIPB) has sought clarification from Jet Airways on "effective control" before clearing its 24 percent stake sale deal worth US$354.79 million with Abu Dhabi's Etihad. Airbus A350 makes maiden flight The new Airbus A350 jetliner made its maiden flight on Friday, roughly two weeks ahead of the company's publicly stated deadline, offering hope that the aviation industry is moving beyond years of costly delays and production problems, reported Dow Cathay May cargo traffic falls 1.5% Cathay Pacific Airways freight traffic dropped 1.5 percent year-on-year in May as demand from key markets, Hong Kong and mainland China remained well below expectations, particularly on the trade lanes to Europe, reported Reuters. JNPT to compensate DP World in case of delay Union government-controlled Jawaharlal Nehru Port Trust (JNPT) will compensate DP World if the private container operator faces trouble while operating a new container terminal at the port's facility in Mumbai, reported The Economic Times. JAL, Mitsubishi in Myanmar venture Japan Airlines and Mitsubishi Logistics Corp have launched a joint cargo business in Myanmar, reported Kyodo News. NetFreight now in the cloud NetFreight – the web-based freight management and Customs processing package – is now available "in the cloud", following an extension of the alliance between its developer Impatex, and freight industry hardware specialists Albacore Systems.   Produced by Cargonews Asia 10/F, Block C, Seaview Estate, 2-8 Watson Road, North Point, Hong Kong. Tel: 852-3965 7800 Fax: 852-2508 0255 Contact Editorial: cnaedit@cargonewsasia.com.hk Advertising: octang@cargonewsasia.com.hk Other enquiry: customer@cargonewsasia.com.hk You have been sent this email because you requested to receive it, either as a registered user of CargonewsAsia.com, or as a registered reader of Cargonews Asia newspaper. If you would like to unsubscribe from this newsletter click here. If you received this newsletter from a friend and you would like to subscribe to it free of charge please go to the cargonewsasia.com registration page and fill out the registration form. This news service is designed for optimal viewing with MS Outlook. Copyright @2002-2009 Marshall Cavendish Business Information (HK) Ltd. All Rights Reserved.