JEJU, South Korea: Strong e-commerce need is sustaining Asia’s air freight market, with the US-China trade war having very little unfavorable impact so far and in many cases even boosting deliveries, market executives said on Friday.E-commerce is growing at rate in populous Asia, driven by Chinese behemoth Alibaba Group and rival JD.com, as well as others such as Japan’s Rakuten, sponsor of Spanish soccer giants FC Barcelona.But the circulation of items has actually been threatened this year by the United States enforcing import tariffs on billions of dollars worth of Chinese goods to redress what it considers as unreasonable trade relations– with China’s federal government reacting in kind.”I think right now we are probably visiting a pretty strong fourth quarter,”Randy Tinseth, Boeing Co’s vice president for business airplane marketing, said on the sidelines of an industry conference.”The economy today has been very, extremely strong. Frankly in anticipation of this
geopolitical scenario I believe individuals are just heading out and moving(cargo)quickly.”Asia-Pacific air cargo volume rose 4.8 percent in January-August, showed data from the Association of Asia Pacific Airlines(AAPA). That was lower than in 2015’s 9.8 percent however came off a higher comparison base at a time of record deliveries, said AAPA Director-General Andrew Herdman. “Provided this short-term result of scrambling to fulfill deadlines for tariff imposition and so on we are seeing pockets– lanes and
channels– where need is more powerful than expected. For the next a number of months the cargo photo stays fairly robust. The question is what will the outlook for next year be.” Asian airlines have an outsized role in air freight, accounting for almost 40 percent of the international market as the region is a significant production hub and e-commerce is growing. “E-commerce is changing the way people are buying things, specifically in countries such as Indonesia and the Philippines,”said Jean-Francois Laval, Jet executive vice president, Asia sales.” It is originating from China, from Korea, it is coming from other parts of the region. You need a huge amount of freight space.”Boeing on Monday projection air freight traffic would double over the next 20 years, growing at a typical rate of 4.2 percent a year.To satisfy that demand, the airplane manufacturer expects the world freighter fleet to expand over 70 percent to 3,260 airplanes. Around half of air freight is brought in the stomaches of passenger jets, with the remainder flown on dedicated freighters.Some large Asian cargo providers consisting of Cathay Pacific Airways and Korean Air Lines rely on freight for around a quarter of revenue. “In 2015 the freight market was exceptionally hot. In 2018 it still grew. The trade stress in the world will have some effects but we have not seen it. I see constraints can be found in a really short time. However, we are preparing for it,”Korean Air President Walter Cho told press reporters on Friday.”Anything from the US to China and vice versa is going to be impacted. We are looking at alternate markets to China and the United States.”Japan Airlines President Yuji Akasaka stated the trade war had made no modification to the freight market to date and he just expected an effect if”extremes”happened.”If it does occur it may affect us in the future however since today we haven’t seen it and hope it will cool off and go back to typical, “he stated through a translator.In the short term, trade war effect has actually not been too noticeable because initial tariffs were on products not normally transferred by air such as metals, AAPA’s Herdman stated. That is beginning to alter, nevertheless,
as tasks apply to more items. “I heard one example … Seafood from the US to China is subject to retaliatory tariffs, so demand in China is down. Guess what? Need for Canadian seafood is doing simply fine.”Ryanair inks new deals with unions in Europe/ node/1390491/business-economy Ryanair inks brand-new deals with unions in Europe Ryanair pilots throughout Europe staged a 24-hour blockage in September to press their demands likewise for better pay and conditions LONDON: Ryanair has actually tattooed handle more unions throughout Europe, the Irish no-frills airline said Friday as it aims to prevent further strike action threatened by pilots and cabin team.”These signed agreements withour pilot unions in Portugal, the UK, Italy and quickly in Spain, show the significant progress we’re making in concluding union

agreements with our individuals in our significant EU markets,” Ryanair’s head of personnels Eddie Wilson stated in a business declaration

. However the current contracts are only a stepping stone towards the essential demand of Ryanair staff outside Ireland that the airline stop using them under Irish legislation. Workers argue that the status quo produces huge insecurity for them, blocking access to state benefits in their own nations. Ryanair’s statement came one day after Belgian unions representing the airline’s cabin team threatened”several strike days before the end of the year” by Europe-wide staff members. Ryanair pilots throughout Europe staged a 24-hour stoppage in
September to press their demands likewise for much better pay and conditions, plunging tens of thousands of guests into transportation turmoil at the peak of the hectic summertime season.
In July on the other hand, strikes by cockpit and cabin team disrupted 600 flights in Belgium, Ireland, Italy, Portugal and Spain, impacting 100,000 tourists. Earlier this month, Ryanair slashed its profits anticipate and signified task losses in the Netherlands and Germany as it reported on the fallout of the pan-European strikes.
An upgrade on its earnings outlook and previous performance is due Monday when Ryanair publishes half-year outcomes.