Teleport raises US$50 million to build the leading air logistics company in Southeast Asia

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Teleport, the logistics venture under Capital A Berhad (formerly known as AirAsia Group Berhad) has raised new growth capital of US$50 million (approximately RM220 million) from large institutional credit investors to extend its cross-border delivery capabilities in all key Southeast Asian markets.

Cargo volume continued to be impacted by global economic uncertainties, ongoing geopolitical tensions and disruptions to global supply chains. Both imports and exports showed significant declines compared to the same month last year. North America and Europe saw the most significant decreases in terms of cargo volume.

Flight movements and cargo volume dropped by 5.7% and 15.4% to 122,930 and 3.8 million tonnes respectively, compared to the same period last year.

Flight movements and cargo throughput saw declines of 3.9% and 13.3% to 137,435 and 4.3 million tonnes respectively.

Meanwhile, HKIA has been recognised by the International Air Transport Association (IATA) as a Partner Airport of IATA’s Center of Excellence for Independent Validators for Live Animals (IATA CEIV Live Animals), making it the first airport community in the world to obtain the accreditation.

Live animals handled as special air cargo range from domestic pets such as cats and dogs, to horses, leopard, alpacas, and more.

HKIA is one of the few airports in the world where all cargo terminal operators have attained the IATA CEIV standards for transporting cargo that requires special handling.

Cissy Chan, Executive Director, Commercial of AAHK, said, “We are delighted that HKIA has been recognised as a CEIV Live Animals Partner Airport by IATA. “HKIA is the world’s busiest cargo airport, and this accreditation further affirms its cargo community’s capabilities in handling special cargo, as well as its dedication to the welfare and safety of animals throughout the air journey. “AAHK will continue to work closely with its business partners to further strengthen HKIA’s position as a leading air cargo hub.”

HKIA and its cargo business partners have now achieved three IATA CEIV standards for the handling of pharmaceuticals, perishable products and live animals respectively.

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Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.