12 Inside BUSINESS Thursday, January 11 2018 | NEW ERA Global airfreight’s demand up 8.8% in November GENEVA The International Air Transport Association (IATA) released data for global airfreight markets showing that demand, measured in freight tonne kilometres (FTKs), climbed 8.8% in November 2017 compared to the year-earlier period. This was an increase from the 5.8% annual growth recorded in October 2017. Despite indicators pointing to air cargo having passed a cyclical growth peak, demand remains strong. Freight capacity, measured in available freight tonne kilometres (AFTKs), rose by 4.0% year-onyear in November. This was the 16th consecutive month in which demand growth outstripped capacity growth, which is positive for industry load factors, yields, and The uptick in freight growth coincides with the traditional period of strong demand seen in the fourth quarter. November’s robust performance puts the air cargo industry on track to achieve its performance since the post-global The Purchasing Managers Index (PMI) for manufacturing and export orders, which has tracked sideways for much of 2017, reached a seven-year high in the fourth quarter signifying that growth is carrying momentum into 2018. “Airfreight demand remains robust. November showed 8.8% year-on-year growth, keeping up the momentum that will make 2017 the strongest year for air cargo since 2010. And there are several indicators that 2018 will be a good year as well. In particular, buoyant of international e-commerce and the broad-based global economic upturn are cause for optimism as we head into the new year,” said Alexandre de Juniac, IATA’s director general and CEO. Regional Performance Airlines in all regions reported an increase in total year-on-year demand in November. African carriers posted the largest year-on-year increase in demand of all regions in November, with freight volumes rising 17.5%. Capacity increased 24%. During the same period international freight volumes grew by 17.8%, a deceleration from 27.2% in October. However, this still was the 13th month of doubledigit increases. Demand has been boosted by very strong growth in Africa-Asia trade, which increased months of the year. volumes increase by 8.1% and capacity expand by 1.2% in November, compared to the same period last year. The region’s manufacturers continue to enjoy buoyant export order books. And the major exporters in China and Japan are reporting rising demand supported in part by a pick-up in economic activity in Europe and a continued solid performance from the US. This is expected to support demand into the New Year. North American carriers posted an increase in freight volumes of 9.6% for November. Capacity increased 3.9%. The strength of the US economy and the US dollar have improved the inbound freight market in recent years. Data from the US Census Bureau shows an 11.6% year-on-year increase in air imports 2017, compared to a slower rise in exports of 6.7%. The recently agreed US tax reform bill may also help to support freight volumes in the period ahead. European airlines posted a 9.9% increase in freight demand in November and a capacity increase of 4.7%. Concerns that the recent strengthening of the euro might have affected the region’s exporters have not materialized. Europe’s manufacturers’ export orders are growing at their fastest pace on record. This is expected to support demand into the new year. Middle Eastern carriers’ yearon-year freight volumes increased 6.6% in November and capacity increased 3.1%. During the same period carriers in the region posted 6.6% growth in international freight volumes - the slowest regional year-on-year growth for the second time in three months. However, seasonally-adjusted international freight volumes have continued to trend upwards at a rate of 8-10% over the past six months. Notably, freight load factors have increased substantially on routes to and from the Middle East to North America, on the route. Latin American airlines experienced a growth in demand of 9.4% in November and a capacity increase of 11.1% compared to the same period in 2016. International freight volumes rose by 9.6% over the same period. This is well ahead of 0.9%. The pick-up in demand comes alongside signs of economic recovery in the region’s largest economy, Brazil. Seasonally-adjusted international freight volumes are now back to the levels seen at the end of 2014. African carriers posted the largest year-on-year increase in demand of all regions in November, with freight volumes rising 17.5%. Capacity increased 24%. During the same period international freight volumes grew by 17.8%, a deceleration from 27.2% in October. However, this still was the 13th month of double-digit increases. Demand has been boosted by very strong growth in Africa-Asia trade, which increased by more than year. - IATA India allows 49% foreign investment in state-run airline NEW DELHI Foreign airlines will be able to buy up to 49 percent of Air India under new rules approved by the government on Wednesday to Once the country’s monopoly airline, Air India has slowly lost market share to new low-cost private players in one of the world’s fastest-growing airline markets. The government said last June it was open to selling a stake in the state-owned airline, which has developed a reputation for delays, cancellations and poor service. On Wednesday the cabinet rubber-stamped plans to allow foreign airlines to invest up to 49 percent in Air India, subject to government approval. That was part of a series of moves to relax restrictions on foreign investment. Prime Minister Narendra Modi’s right-wing government has sought to encourage foreign companies to invest in India since coming to power in 2014. The cabinet also cleared plans to automatically allow 100 percent foreign investment in singlebrand retailers. Previously, this required special government approval. Air India ran losses for nearly a decade after a botched merger in 2007 and has debts of around US.67 billion according to It has received a US.8 billion in bailout funds from the government but still needs more working capital to turn it around. India has the world’s fastest growing passenger airline industry, expanding at an annual rate of around 20 percent. Experts say India’s aviation sector holds vast untapped potential, with just 100 million of its 1.2 billion people taking to the skies in 2016. - Nampa/AFP
Thursday, NEW January 11 2018 | ERA Inside BUSINESS ADVERT 13 The Stinger GT – a car to watch out in 2018 Nissan to unveil new X-Trail Nissan is about to launch the next generation of the X-Trail. The new model, set for release in coming weeks, has the luxury and performance of an accomplished SUV and the smarts of a hightech multipurpose vehicle. The new Nissan X-Trail comes with a much more powerful engine and space for seven passengers, interior upgrades that will allow mountain bikes the kids enjoy the premium feel on long road-trips to the grandparents over the holidays. It also features Nissan Intelligent Mobility function that enables drivers to see more around them, with premium technology like Intelligent Emergency Braking and Lane Departure Intervention. The new Nissan X-Trail comes with a six-year/150,000km warranty, a three-year/90,000km service plan and 24-hour roadside assist. Mahindra Affordable muscle car… The Kia Stinger has a new bakkie in the market GT that has automotive fanatics talking. Staff Reporter Windhoek Staff Reporter Since the car is competing Indian This car is the manufacturer, Kia Stinger Mahindra, GT, has which a new was bakkie released which in Europe comes in with in with the top names on the the market, an November improved 2016 power and is output set for of the Stinger GT2, the top of 103kW worldwide in its release turbodiesel this year. model the range with same engine and The a new stinger towing has capacity tongues of but with additional fancy 2500 wagging, kg. because it is purposefully It also now aimed features a giving 6-speed But the review thus far add-ons. gearbox and new interior that have been mixed, the stinger boasts of the a BMW large six-inch 4 and 6 full-colour Series, touchscreen the Porsche display Panamera, on the and S10 engine sophistication and Double Cab models. absence of interior luxury. On The the Kia outside, Stinger GT the has new Audi and BMW offer opulence, leather and a general changes a 3,3-litre are V6 to the engine front mated grille, to an headlights, 8-speed gearbox bonnet and feel of expensive materials where the foglamps and unleashes have all a whooping undergone a while the Stinger’ interior substantial 272.18 Kilowatts, redesign. which is was found to be wanting with higher The than new the grille Audi design S5 260 is too much of a plastic feel and smarter, utilising a glossy accents, as well as a more prominent Mahindra badge, while the lower air intake has been reshaped to provide a stronger visual integration with the grille. Black mesh inserts are consistently applied to both the main grille and the lower air intake, creating a more consistent appearance. The headlights on either side of the grille are also completely new, with a cleaner, more resolute appearance and a new curved LED daytime running light signature for the S10 Double Cab. Bolder fog lamps are mounted in restyled apertures that are linked to the lower edge of the headlights. The redesigned frontend styling is accompanied by 16-inch alloy wheels. The new bakkie has an updated 2.2- litre four-cylinder mHawk turbodiesel engine, which makes use of a variable geometry turbocharger to produce 103kw. The impressive torque peak of 320 Nm is reached at just 1,600 Of course, all the reviews pointed out that the Stinger GT could never be compared to the Porsche Panamera, because the Porsche simply just offers opulence that only multimillionaires would truly appreciate. because the Stinger GT is not for millionaires but for to drive big engine cars on their meagre budgets, with normal vehicle financing Engineering wise the Kia Stinger GT was also found not have all the electronic gadgets that the other cars The new Mahindra bakkie r/min, and sustained to 2,800 r/ min, ensuring excellent in-gear acceleration and superior pulling power. The turbodiesel engine is linked to a six-speed manual gearbox driving the rear wheels, and will also be available with 4x4 transmission with low range. The entire range of the Next Generation Mahindra Pik Up are Locking Differential) as standard. have to run and corner faster and safer on the road. Despite the huge power output, on real roads the Stinger GT was found to be slower and noisy, according to some reviews, because of the absence of fancy technological gadgets on German cars. Some petty reviewers even complained that the roar of the Stinger GT exhaust incomparable to the one on the Audi or the BMW. the Stinger GT will without doubt have its own cult of followers. For starters, the Stinger GT gains massive points for its price: to buy the top of the range Kia Stinger GT2, a person would only need about N0,000 to drive the car from the showroom dealership. Even better is the fact that the Stinger base model, which one can buy at the decent price of just about N0,000, which is a bar- All the other German cars are only available to those who can access N,1 million, and could go as far as far as N,3 million when one has added on the extra features on the cars. The Stinger GT does not need extra or optional features, as standard for each model variation. Therefore, for people who enjoy sheer speed, Photos: and Quickpic do not have the money to afford the fancy seats, leather interior with fancy buttons, in the German cars, the Stinger GT in 2018. Albert Biermann, the former vice president of engineering at BMW’s M GmbH, who is now at the helm of Hyundai-Kia’s vehicle testing and high-performance development group, designed Mahindra the Kia Interior Stinger.