Author: Admin

Geneva – The International Air Transport Association (IATA) and the Aviation Impact Accelerator (AIA), an international industry-academia partnership based at the University of Cambridge, announced a collaboration to accelerate the aviation sector’s transition to net-zero CO2 emissions by 2050.

The two organizations will assess the financial implications of reaching aviation’s 2050 net-zero CO2 goal. Building upon existing work, this collaboration will support the development of scenario-based tools to help airlines analyze and evaluate different decarbonization pathways.

The purpose of this collaboration is to support better-informed decisions by airlines and policy-makers in the transition to net zero. The collaboration will set a solid foundation for IATA and AIA to develop a wider, long-term partnership.

AIA is an international group of experts drawing on a broad range of expertise convened by the University of Cambridge. Its aim is to accelerate the journey to sustainable aviation by developing evidence-based tools that allow people to understand, map, and embark on the pathways towards sustainable flight. Over the last three years a world class network of experts has been assembled and the underlying system modelling capability developed.

“We are excited to launch this new collaboration between AIA and IATA, investigating realistic pathways for aviation’s transition to net zero emissions by 2050. IATA has a strong track record of fostering cooperation between airlines and other stakeholders and driving change in the sector. We believe that by bringing this together with AIA’s unique modelling capability we have an opportunity to unlock change,” said Prof. Rob Miller, Director of the Whittle Laboratory, University of Cambridge, and AIA lead.

“We are delighted to join forces with the Aviation Impact Accelerator with a view to enhance our understanding of the many potential pathways to achieve air transport’s sustainable future. The development of different technological pathways will have an influence on the long-term outlook of our industry, and our collaboration will notably explore this intersection,” said Marie Owens Thomsen, IATA’s Senior Vice President Sustainability and Chief Economist.

As part of the future collaboration, AIA and IATA also aim to collaborate on the future development of IATA’s Recommended Practice Per-Passenger CO2 Calculation Methodology, amongst other areas of work. Used in combination with verified airline operational data, the methodology provides the most accurate calculation results and transparency to everyone interested in understanding the carbon footprint from flying activity.

Indian express logistics company DTDC Express unveiled its new ‘super hub’ at Geethanjali Industrial Park, Velappanchavadi in Chennai on 28 June.

The new facility spans over 175,000 square feet and has 38 docks to help optimize cross-docking efficiency. The hub is equipped with infrastructure to handle and process over 350 tonnes of shipments daily.

The facility is equipped with a state-of-the-art sortation system that can process up to 9,000 parcels per hour. Located along the Chennai-Poonamallee-Bangalore highway, the new hub will offer seamless connectivity to urban centers in South India. It will also serve as a link to Ahmedabad, Delhi, Mumbai, and Kolkata.

“Chennai is a crucial logistics hub in Southern India, and we recognize its immense potential. By opening our super hub at Velappanchavadi, we are poised to streamline and strengthen our operations in the region and provide even more efficient and reliable logistics solutions to our valued customers across our express parcels, international and e-commerce verticals, further solidifying DTDC’s position as a leading player in the industry,” said Subhashish Chakraborty, chairman and managing director of DTDC Express.

Other Topics: Air Cargo Network, Air Express, Air Freight Services, Air Logistics, Asia Pacific Air Cargo, Asia Pacific Air Freight, Asia Pacific Air Logistics, Asia Pacific Shipments, Cargo Flights, E-Commerce Logistics, Express Delivery, Express Logistics, International Air Shipments, International Express Delivery, Transpacific Air Cargo, Transpacific Air Freight

Here is the second of three questions CargoForwarder Global put to ChatGPT this week (see also “What would a world without air cargo look like?” and “Is the future of air cargo electric?”). Given that it is fed with data until SEP21, in other words pre-Russian invasion, the answers are perhaps more generic than they might have been were it up-to-date. That said, the time period includes pandemic knowledge, yet does not mention pandemic as a risk until you push it for more information.

Do you agree with ChatGPT? Or has it failed to consider certain points? Image: Canva/CFG

Do you agree with ChatGPT? Or has it failed to consider certain points? Image: Canva/CFG

Here is ChatGPT’s answer to the prompt: “What is the biggest threat to air cargo?”

Several factors can be considered as potential threats to the air cargo industry. Here are some of the significant challenges that the industry faces:

Economic downturns: Economic recessions or downturns can significantly impact global trade and consumer demand, leading to a decrease in air cargo volumes. Reduced business activity and consumer spending can result in lower demand for goods, which directly affects the need for air cargo transportation.

Tensions and threats

Global trade tensions and protectionism: Increasing trade tensions, trade wars, and the implementation of protectionist measures by countries can disrupt supply chains and affect international trade flows. Tariffs, trade barriers, and geopolitical disputes can lead to decreased trade volumes and uncertainty, impacting the demand for air cargo services.

Security threats: The air cargo industry faces ongoing security concerns related to the transportation of goods. Risks include terrorism, smuggling of illegal substances, and theft. Implementing stringent security measures and ensuring compliance with international regulations is essential to mitigate these threats and maintain the integrity of air cargo operations.

Volatility and sustainability

Volatility in fuel prices: The cost of aviation fuel is a significant expense for air cargo carriers. Fluctuations in fuel prices can impact profitability and operational costs for the industry. Sharp increases in fuel prices can lead to higher transportation costs, potentially reducing demand for air cargo services or causing carriers to pass on the increased costs to customers.

Environmental sustainability: The aviation industry, including air cargo, faces growing pressure to reduce its environmental impact and carbon emissions. The carbon footprint of air cargo operations and the reliance on fossil fuels for aircraft create sustainability challenges. Regulatory changes, such as emissions trading schemes and environmental regulations, may impact the industry’s operations and require investments in more fuel-efficient aircraft and sustainable practices.

Technology and infrastructure

Technological disruptions: Rapid advancements in technology, such as 3D printing and digital supply chain solutions, have the potential to disrupt traditional manufacturing and logistics models. These advancements could potentially reduce the need for certain types of air cargo transportation if goods can be produced locally or delivered through alternative means.

Infrastructure limitations: Inadequate airport infrastructure, limited cargo handling capabilities, and congestion at airports can hamper the efficiency of air cargo operations. Insufficient infrastructure can result in delays, increased costs, and reduced capacity for cargo transportation.

It’s important to note that the air cargo industry is dynamic and resilient, and stakeholders continually work to address these challenges through innovation, collaboration, and adaptation to changing market conditions.

ChatGPT’s more indepth interview

Interesting that it mentions 3D printing which still appears to be very much a future threat, but one that I have long considered. On the other hand, it also does not explicitly mention the term near-shoring, which could be a more imminent threat.

When probed for more information on the war in Ukraine, it reminds you that its last knowledge update was in SEP21. Nevertheless, it points to four key impact areas on air cargo (in more detail than outlined here): Disruption of air transport infrastructure, increased operational risks to air cargo leading to delays or suspension of services, trade disruptions, and geopolitical factors hampering air cargo flows both within Ukraine but also in the broader region.

Regarding the pandemic, it confirms that this “had a significant impact on the air cargo industry, both positive and negative, presenting both challenges and opportunities,” and detailed six key areas illustrating both sides. It underlined the resilience of the air cargo industry with words that could have been uttered by TIACA’s Glyn Hughes or IATA’s Willy Walsh: “Despite the challenges, the pandemic showcased the resilience and adaptability of the air cargo industry. The industry responded quickly to changing demands, utilized technology for efficient operations, and demonstrated its critical role in supporting global supply chains during a crisis,” and concluded: “It’s worth noting that the impact of the pandemic on air cargo has evolved over time and varies in different regions. The industry continues to navigate the challenges presented by the pandemic while exploring opportunities for growth and improvement.”

Geneva – The International Air Transport Association (IATA) will publish an annual Track Zero report using IATA’s Net Zero Tracking Methodology to report industry-level progress towards aviation’s commitment to Net Zero carbon emissions by 2050.

The Net Zero Tracking Methodology and related reporting process were developed with industry experts. IATA will aggregate and report annually inputs from IATA member airlines on an industry basis. After thorough validation, aggregate industry data from the previous calendar year will be reported annually in the fourth quarter of each year. The first report with airline-contributed data is planned for publication in Q4 2024. Non-IATA member airlines are also encouraged to contribute data and participate in the reporting.

“Transparency is a critical element of aviation’s decarbonization. We will report our progress annually to ensure standardized, accurate and comprehensive reporting of aviation’s journey to net zero. Industry-level data in the Track Zero report will help airlines, governments, and investors with tools to improve decision-making to accelerate progress,” said Marie Owens Thomsen, IATA’s Senior Vice President Sustainability and Chief Economist.

Individual airlines may use the aggregate data of the Track Zero report to benchmark their own progress towards decarbonization. They may also choose to report their progress on decarbonization to key stakeholders including governments, investors and customers, using IATA’s Net Zero Tracking Methodology.

“Decarbonization is an industry challenge, not a competitive issue. Nonetheless, the report and the methodology behind it can enable benchmarking that could intensify decarbonization efforts by spreading the success of best practices and sparking innovation,” said Owens Thomsen.

Key features of the Net Zero Tracking Methodology include:

Standardization: The methodology establishes a transparent framework for accurate reporting that can be used industry-wide by identifying the relevant emissions scope, sources, and processes for emissions tracking and measurement.

Accuracy: The methodology includes best practices for data collection and validation with minimal administrative burden.

Comprehensiveness: The methodology accommodates reporting of all manner of decarbonization activities on a lifecycle basis, including usage of conventional and sustainable aviation fuel (SAF), carbon offsets/carbon capture, and future power sources (hybrid-electric, electric, and hydrogen-powered aircraft).

The decision to publish a Track Zero report follows the release by IATA of five roadmaps detailing critical actions for aviation to achieve net zero CO2 by 2050. They address aircraft technology, energy infrastructure, operations, finance, and policy. Together, they show a clear direction and will evolve with the insights of the Track Zero report, practical experience and emerging technologies to help aviation set interim milestones on the way to net zero.

Geneva – The International Air Transport Association (IATA) released May 2023 traffic data showing continued strong growth in air travel demand.

•             Total traffic in May 2023 (measured in revenue passenger kilometers or RPKs) rose 39.1% compared to May 2022. Globally, traffic is now at 96.1% of May 2019 (pre-pandemic) levels.

•             Domestic traffic for May rose 36.4% compared to the year-ago period. Total May 2023 domestic traffic was 5.3% above the May 2019 level. This is the second month in a row domestic traffic has exceeded pre-pandemic levels.

 •            International traffic climbed 40.9% versus May 2022 with all markets recording strong growth, led once again by carriers in the Asia-Pacific region. International RPKs reached 90.8% of May 2019 levels, with Middle East and North American airlines exceeding pre-pandemic levels.

 •            The total industry load factor rose to 81.8%, led by North American carriers at 86.3%.

“We saw more good news in May. Planes were full, with the average load factors reaching 81.8%. Domestic markets reported growth on pre-pandemic levels. And, heading into the busy Northern summer travel season, international demand reached 90.8% of pre-pandemic levels,” said Willie Walsh, IATA’s Director General.

May 2023 (% year-on-year)         World share1     RPK        ASK        PLF (%-pt)2         PLF (level)3

Total Market      100.0%  39.1%    35.0%    2.4%      81.8%

Africa    2.1%      38.6%    36.7%    0.9%      69.9%

Asia Pacific          22.1%    130.4%  109.5%  7.0%      77.3%

Europe 30.8%    19.1%    13.5%    4.0%      84.8%

Latin America     6.4%      16.2%    16.5%    -0.2%     81.1%

Middle East        9.8%      30.1%    23.8%    3.9%      79.9%

North America  28.8%    14.0%    13.6%    0.3%      86.3%

1% of industry RPKs in 2022   2year-on-year change in load factor   3Load Factor Level

 International Passenger Markets

•             Asia-Pacific airlines had a 156.7% increase in May 2023 traffic compared to May 2022, maintaining the very positive momentum since the lifting of the remaining travel restrictions in the region earlier this year. Capacity rose 136.1% and the load factor increased 6.4 percentage points to 80.0%.

•             European carriers posted a 19.8% traffic rise versus May 2022. Capacity climbed 14.2%, and the load factor rose 3.9 percentage points to 84.4%.

 •            Middle Eastern airlines saw a 30.8% traffic increase compared to May a year ago. Capacity climbed 25.0% and the load factor pushed up 3.6 percentage points to 80.2%. The region is leading the recovery with May traffic at 17.2% above 2019 levels.

 •            North American carriers’ traffic climbed 31.0% in May 2023 versus the 2022 period. Capacity increased 23.2%, and the load factor rose 5.1 percentage points to 85.1%, highest among the regions.

•             Latin American airlines had a 26.3% traffic increase compared to the same month in 2022. May capacity climbed faster– up 27.3% — and the load factor slipped 0.7 percentage points to 83.8%. The region was the only one to see capacity growth exceed traffic growth for the month.

 •            African airlines’ traffic rose 45.2% in May 2023 versus a year ago. May capacity was up 44.2% and the load factor edged up 0.5 percentage points to 68.8%, the lowest among the regions.

Domestic Passenger Markets

May 2023 (% year-on-year)         World share1  

RPK        ASK        PLF (%-pt)2         PLF (Level)3

Domestic             42.0%    36.4%    35.3%    0.6%      81.0%

Australia              1.0%      2.1%      3.4%      -0.9%     73.6%

Brazil     1.5%      8.6%      6.2%      1.7%      76.5%

China P.R.            6.4%      312.0%  233.1%  13.9%    72.8%

India      2.0%      13.6%    2.7%      8.7%      91.6%

Japan    1.2%      39.0%    7.1%      16.9%    73.8%

US          19.2%    7.1%      9.6%      -2.0%     86.9%

1% of industry RPKs in 2022   2year-on-year change in load factor 3Load Factor Level

•             Brazil’s domestic traffic grew 8.6% in May compared to a year ago, and is the latest domestic market to recover fully with traffic at 6.5% above pre-pandemic (May 2019) levels.

•             Japan’s domestic traffic surged 39.0% in May compared to a year ago, the strongest result after China and at 99.8% of pre-pandemic levels.

May 2023 (% ch vs the same month in 2019)        World share1     RPK        ASK        PLF (%-pt)2         PLF (level)3

Total Market      100.0%  -3.9%     -3.9%     0.0%      81.8%

International      58.0%    -9.2%     -11.2%  1.8%      82.3%

Domestic             42.0%    5.3%      9.4%      -3.1%     81.0%

The Bottom Line

“People need and love to fly. The strong demand for travel is one element supporting a return to profitability by airlines.  In 2023 we expect airlines globally to post a $9.8 billion net profit. It’s an impressive number, particularly after huge pandemic losses. But a 1.2% average net profit margin is just $2.25 per departing passenger. As a return, that is not sustainable in the long-term.

Moreover, it appears that, while the pandemic has changed many things in aviation, it has not righted aviation’s famously unbalanced value chain. The latest indication came last week as European airports announced a EUR 6.4 billion ($7 billion) collective profit in 2022. In comparison, IATA estimates that European airlines made a $4.1 billion profit for the same year. We don’t begrudge any business hard-earned profits. But this does raise an interesting question. Is airport economic regulation effectively defending the public interest when a monopoly supplier (airports) can generate seemingly much healthier returns than the competitive businesses (airlines) they supply? Governments should at least take a look,” said Walsh.

Geneva – The International Air Transport Association (IATA) released data for May 2023 global air cargo markets showing weak market conditions.

•             Global demand, measured in cargo tonne-kilometers (CTKs), fell 5.2% compared to May 2022 (-6.0% for international operations).

•             Capacity, as measured by available cargo tonne-kilometers (ACTKs), rose 14.5% compared to May 2022, primarily driven by belly capacity which increases as demand in the passenger business recovers. Capacity is now 5.9% above May 2019 (pre-pandemic) levels.

•             Key factors influencing demand include:

o             The global manufacturing Purchasing Managers Index (PMI) indicates an annual contraction of 1.4% in new export orders and a decrease of 5.2% year-on-year in production PMI. This suggests a cooling in global manufacturing demand.

Global goods trade decreased by 0.8% in April, due to macroeconomic challenges and supply chain constraints. Trading conditions appeared to favor maritime cargo as demand for container shipping contracted by 0.2% while air cargo demand weakened by 6.3% year-on-year.

o             The global supplier delivery time PMI increased to 54.5 in May, up from its low of 35 in October 2021, indicating shorter delivery times and some relief for supply chains. However, this is also a sign of weaker global goods trade demand.

“Trading conditions for air cargo continue to be challenging with a 5.2% fall in demand and several economic indicators pointing towards weakness. The second half of the year, however, should bring some improvements. As inflation moderates in many markets, it is widely expected that central bank rate hikes will taper. This should help stimulate economic activity with a positive impact on demand for air cargo,” said Willie Walsh, IATA’s Director General.

May (% year-on-year)   World share1     CTK        ACTK     CLF (%-pt)2         CLF (level)3

Total Market      100.0%  -5.2%     14.5%    -8.6%     41.5%

Africa    2.0%      -2.4%     9.2%      -5.3%     44.8%

Asia Pacific          32.4%    -3.3%     38.3%    -18.2%  42.2%

Europe 21.8%    -6.7%     5.6%      -6.4%     48.9%

Latin America     2.7%      3.6%      14.7%    -3.6%     33.3%

Middle East        13.0%    -3.1%     15.6%    -7.9%     41.0%

North America  28.1%    -8.1%     1.2%      -3.8%     37.3%

1 % of industry CTKs in 2022  2 Change in load factor  3 Load factor level

May Regional Performance

•             Asia-Pacific airlines saw their air cargo volumes decrease by 3.3% in May 2023 compared to the same month in 2022. This was a decrease in performance compared to April (-0.3%), mainly due to the stronger annual contraction in international air cargo demand from -3.5% in April to -6.4% this month. Available capacity in the region increased by 38.3% compared to May 2022 as more belly capacity came online from the passenger side of the business.

•             North American carriers saw the weakest performance of all regions for the third consecutive month with an 8.1% decrease in cargo volumes in May 2023 compared to the same month in 2022. This was a slight improvement in performance compared to April (-12.4%).  Notably, airlines in the region saw the third month of double-digit contractions in volumes on the North America-Europe trade lane (-10.3%). Capacity increased 1.2% compared to May 2022.

•             European carriers experienced a 6.7% decrease in cargo volumes in May 2023, compared to the same month in 2022. This was an improvement in performance compared to April (-7.7%), in part due to the smaller annual contraction in international CTKs on the Europe-Middle East trade lane, from -4.7% in April to -2.9% in May. The decline in international cargo traffic on markets within-Europe also improved from -16.2% in April to -7.8% this month (seasonally adjusted). Meanwhile, capacity increased 5.6% in May 2023 compared to May 2022. 

•             Middle Eastern carriers experienced a 3.1% year-on-year decrease in cargo volumes in May 2023. This was a slight improvement in performance compared to the previous month (-6.7%). Capacity increased 15.6% compared to May 2022.

•             Latin American carriers had the only positive performance in May 2023 posting a 3.6% increase in cargo volumes compared to May 2022. This was an improvement in performance compared to April (-1.6%). Capacity in May was up 14.7% compared to the same month in 2022. 

•             African airlines posted a 2.4% decrease in demand compared to May 2022. This was a decline in performance compared to the previous month (-0.9%). Notably, the growth on the Africa to Asia trade route slowed significantly in May from 18.5% in April to 11.0%, possibly due to the impact of the conflict in Sudan since mid-April. Capacity in May was up 9.2% compared to the same month in 2022. 

Geneva – The International Air Transport Association (IATA) welcomed the Hong Kong Special Administrative Region (SAR) government’s efforts to ease the city’s labor crunch in the aviation sector. This comes as IATA upgraded passenger traffic projections for Hong Kong that now see a recovery to pre-crisis levels by the end of 2024. This revision brings Hong Kong’s recovery in line with expectations for a faster recovery in the Asia-Pacific region.

“The situation is looking bright for Hong Kong. China’s earlier than expected reopening is providing a much-needed boost to the passenger recovery. By the end of 2024, we expect to see Hong Kong’s traffic return to pre-crisis levels. And it is encouraging to see the Hong Kong government preparing for this with measures to ensure that the workers needed to support the recovery are available,” said Willie Walsh, IATA’s Director General.

The Hong Kong government introduced a labor importation scheme to ramp-up the airport workforce by 6,300 workers from the Mainland of China. While demand for air travel has been strong, airlines in Hong Kong have been struggling with supply chain issues and a labor shortage.

“The last three years have been devastating for the aviation sector. As we look ahead to the recovery and prepare for future growth, it is important that the entire Hong Kong aviation community, including airlines, airport, regulator, and government, work together to address the challenges and are well prepared to tap on future opportunities. I look forward to being in Hong Kong in August to meet with various partners and engage in fruitful discussions,” said Walsh.

IATA and the Airport Authority Hong Kong (AAHK) are partnering to organize the Hong Kong Aviation Day from 2-3 August 2023.

Geneva – The International Air Transport Association (IATA) will launch the IATA World Sustainability Symposium (WSS) in Madrid, Spain on 3-4 October. With governments now aligned with the industry’s commitment to decarbonize aviation by 2050, this symposium will facilitate critical discussions, in seven key areas:

•             The overall strategy to achieve net zero emissions by 2050, including Sustainable Aviation Fuels (SAF)

•             The crucial role of government and policy support

•             Effective implementation of sustainability measures

•             Financing the energy transition

•             Measuring, tracking and reporting emissions

•             Addressing non-CO2 emissions

•             The significance of value chains

“In 2021 airlines committed to net zero emissions by 2050. Last year governments made the same commitment through the International Civil Aviation Organization. Now the WSS will bring together the global community of sustainability experts in the industry and governments to debate and discuss the key enablers for aviation’s successful decarbonization, our biggest challenge ever,” said Willie Walsh, IATA’s Director General who is confirmed to speak at WSS.

The WSS will provide a platform specifically tailored for airline sustainability professionals, regulators and policy makers, as well as stakeholders in the industry’s value chain.

Speakers will include

•             Patrick Healy, Chair, Cathay Pacific

•             Roberto Alvo, CEO, LATAM Airlines Group

•             Robert Miller, Professor of Aerothermal Technology and Director of the Whittle Laboratory at the University of Cambridge

•             Suzanne Kearns, Founding Director, Waterloo Institute for Sustainable Aviation (WISA)

•             Andre Zollinger, Policy Manager, Abdul Latif Jameel Poverty Action Lab (J-PAL), Massachusetts Institute of Technology MIT

•             Marie Owens Thomsen, Senior Vice President Sustainability and Chief Economist, IATA

Addis Ababa – The International Air Transport Association (IATA) is launching the Collaborative Aviation Safety Improvement Program (CASIP) to reduce the accident and serious incident rate across Africa as part of the Focus Africa initiative.

Launch partners in the program are:

•             The International Civil Aviation Organization (ICAO)

•             The African Civil Aviation Commission (AFCAC)

•             The US Federal Aviation Administration (FAA)

•             Boeing

•             The Airlines Association of Southern Africa (AASA)

Together, the CASIP partners will prioritize the most pressing safety concerns on the continent and rally the resources needed to address them. The benefits of improving aviation safety in Africa will be spread across the economies and societies of the continent.

“Improving aviation safety will play an important role in Africa’s overall development. Safe, efficient and reliable air connectivity is a major driving contribution to the UN’s Sustainable Development Goals. In that sense, CASIP will make it clear to governments across the continent that aviation must be prioritized as an integral part of national development strategies. With such broad benefits at stake, we hope that other parties will be encouraged to join the CASIP effort,” said Willie Walsh, IATA’s Director General.

The starting point for safety improvement is the effective use of global standards for safety. At government level, a key indicator is effective implementation of ICAO Standards and Recommended Practices (SARPS). Data for the year 2022 reveals considerable room for improvement with only 28 of 54 African states reaching an effective implementation rate for ICAO SARPS of 60% or higher.

In parallel, the CASIP partners will

•             Identify deficiencies in operational safety and implement corrective action plans

•             Provide safety training and workshops continent wide

•             Promote a data-driven approach to safety performance with emphasis on making safety data available to decision-makers and ensuring efficient accident/incident reporting

“Improving safety performance is a priority for Africa. And we don’t need to reinvent the wheel to deliver the needed results. Collaborative safety teams in Latin America have demonstrated that safety improves when government and industry work together to implement global standards. By working together, the partners will pool resources to have a greater impact on areas where risk can be reduced, leading to measurable improvements in safety,” said Walsh.

June 5, 2023 by Payload Asia

SIA Engineering Company Limited (SIAEC) and Cambodia Airport Investment Co., Ltd (CAIC) have signed a joint venture agreement on 30 May to form a line maintenance joint venture in Cambodia.

Under the agreement, SIAEC will hold a 51 percent stake in the joint venture with CAIC holding 49 percent. The joint venture will establish line maintenance services at the future Techo International Airport (TIA) in Phnom Penh.

TIA (Phase 1) is a greenfield airport being developed at southern Phnom Penh about 19 kilometres from Phnom Penh City Centre, with a total investment budget of US$1.5 billion.

The future airport, which will be developed in three phases, is designed for 50 million passengers, with three runways and a satellite terminal across a total land area of 2,600 hectares. In line with the opening of TIA, the joint venture will commence operations in March 2025.

Other Topics: Air Cargo Network, Air Express, Air Freight Services, Air Logistics, Asia Pacific Air Cargo, Asia Pacific Air Freight, Asia Pacific Air Logistics, Asia Pacific Shipments, Cargo Flights, E-Commerce Logistics, Express Delivery, Express Logistics, International Air Shipments, International Express Delivery, Transpacific Air Cargo, Transpacific Air Freight