newstodate.aero
Dec 21, 2009 (newstodate): Summing up 2009, Estonian Air Cargo sees the year's tonnage roughly as budgeted from the start of the year - but revenues are lagging far behind.
-Export from Tallinn performed positively, but imports have been lower than budgeted, says Toomas Orukivi, Estonian Air cargo manager.
-Import volumes from important markets like Taiwan and Hong Kong have been down, but the general decline was partially, but not fully, balanced by a sustained increase in imports from the USA. The American market has really developed significantly for Estonian Air Cargo.
-This is not to say that imports from the Far East in general have been dramatically down - only the volumes have fallen much behind our expectations from the start of the year.
-Anyhow, the volumes have been OK, while cargo rates have dropped so low that revenues are badly hurt. We will definitely land at much lower levels than in 2008, financially speaking.
-The relative quite summer has been succeeded by firm signs of growth. But it has given us the time to re-assess our business and make preparations for the expected rise from 2010. Among the most promising issues is a number of new agreements negotiated with Asian carriers. Agreements that are now being finalized, bringing prospects of significant new business in 2010.
-Also we have been overseeing our internal setup together with our consultant, the Danish consulting company Air Erria that is helping us to identify and meet the industry's new challenges and requirements for e-business, e-bookings and new EU rules on import and export control systems.
-We are also looking over our RFS system that is is a crucial factor for us as our own aircraft are in most cases too small to carry the shipments by air to and from Estonia, says Mr Orukivi that is confident about the coming year.
-Export from Tallinn performed positively, but imports have been lower than budgeted, says Toomas Orukivi, Estonian Air cargo manager.
-Import volumes from important markets like Taiwan and Hong Kong have been down, but the general decline was partially, but not fully, balanced by a sustained increase in imports from the USA. The American market has really developed significantly for Estonian Air Cargo.
-This is not to say that imports from the Far East in general have been dramatically down - only the volumes have fallen much behind our expectations from the start of the year.
-Anyhow, the volumes have been OK, while cargo rates have dropped so low that revenues are badly hurt. We will definitely land at much lower levels than in 2008, financially speaking.
-The relative quite summer has been succeeded by firm signs of growth. But it has given us the time to re-assess our business and make preparations for the expected rise from 2010. Among the most promising issues is a number of new agreements negotiated with Asian carriers. Agreements that are now being finalized, bringing prospects of significant new business in 2010.
-Also we have been overseeing our internal setup together with our consultant, the Danish consulting company Air Erria that is helping us to identify and meet the industry's new challenges and requirements for e-business, e-bookings and new EU rules on import and export control systems.
-We are also looking over our RFS system that is is a crucial factor for us as our own aircraft are in most cases too small to carry the shipments by air to and from Estonia, says Mr Orukivi that is confident about the coming year.