Page 25 - LUA January - February 2023 Magazine

African airlines to report $638mn loss

frica's airlines are on track to post addressing the 2022 General Assembly million, next year. We see this being
Aa combined loss of $638 million of the African Airlines Association driven by a 27 percent rebound
this year with demand still 32 percent (AFRAA) in Dakar, Senegal last in passenger traffic and capacity
lower than in 2019 and capacity 31 December. "Nevertheless, in the face increasing by 22 percent. By
percent off the 2019 high, according of macro-economic headwinds and the time we gather for the
to Kamil Alawadhi, Regional Vice the increased vulnerability of several 2023 AFRAA assembly,
President for Africa and the Middle African economies, the continent's traffic should have
East, International Air Transport airlines should reduce these losses recovered to 86 percent
Association (IATA). Alawadhi was by about two-thirds, falling to $213 of pre-Covid levels."

Kuehne+Nagel signs
FedEx establishes direct deal for new airside

presence in Nigeria facility in South Africa

edEx Express (FedEx), a Express shipping solutions while
Fsubsidiary of FedEx Corp, Red Star Express Plc, our service
has announced that it has provider in Nigeria, continues
established a direct commercial to provide the infrastructure
presence in Nigeria to meet the for ground operations," says
country's growing international an official release. Customers
shipping demands. "With a will also have access to a range
direct presence in the country, of FedEx digital tools that Left to right: Bert Bloem, National Air Logistics
Manager , Southern Africa, Matsi Modise,
businesses and customers in make shipping easier and more Chairwoman, BBBEE and Gereon Niemeier,
Nigeria now have greater access efficient through www.FedEx. Managing Director, Southern Africa.
to a wider portfolio of FedEx com, the release added. uehne+Nagel has entered into a
Klong-term agreement for a new
airside facility in the airport zone
of OR Tambo International airport,
Johannesburg, South Africa, the largest
and busiest airport in Africa. "As part
of this agreement, Kuehne+Nagel
offers customers a set of logistics
solutions including warehousing,
transportation, customs brokerage,
supply chain management, and airside
support to project-specific charter in
and outbound shipments. Core to this
offering is a comprehensive cold chain
solution, ensuring around-the-clock
temperature control to safeguard the
integrity of highly sensitive pharma
products," says an official release.

JANUARY - FEBRUARY 2023 LUA 23