Impact Publications : Aircargo_242
Page 6 • AirCArgo AsiA-PACifiC • APRIL-MAY 2016 comment Trade change is coming, but our history shows we know how to handle that gLOBAL trade is in shake-up mode. Not a crisis, not a boom... .just so much happening that no-one can be sure of how the econom- ic map will look 12-18 months hence. Brexit, TPP, enhancement of FTAs with China, the drawn-out US presidential campaign, the double dissolution election at home, constitutional challenges in Brazil and a slew of other factors add up to a period of uncertainty for Australia. NZ is also affected but perhaps less so, partly because of the smallness of its economy and an environment of relative political, economic, social and employment stability...despite misplaced accusations of having morphed into an evil tax haven. The higher-than-usual potential for changes in trade patterns is not something the air cargo sector should be too concerned about. A key to our well-being is how we respond to the kaleidoscope of swirling colours. That will require investment in market intelligence, an investment that is more in terms of mindset and analysis than in dollars. Whether TPP will move into successful ratification is dependent partly on big picture issues – elections in the US, Australia and elsewhere – and partly on the lobbyists’ manipulation of media, industry sectors and individuals whose opinions are listened to whether they are honest or tainted by personal gain. It is noteworthy that as TPP is considered by the signatories, some of those once opposed are beginning to think again. In the US for instance many farmers are beginning to talk of the benefits of competition: Vast scope for extra sales, adopting processes that are much more efficient and potentially profitable, opportunities for joint ventures, openings for research and product develop- ment. None of this is new to Australians and New Zealanders who have in the past 50 years shed tariffs and protective measures bit by bit, meeting the short-term challenges to ensure long-term economic success. We coped with the UK’s decision to align with europe to the detriment of old trading partners, complicated by Australia and NZ being forced to reassess their relationship with what had been widely considered the mother country even if immigration had actually weakened such ties long previously. The Australia and NZ now contemplating Brexit are very differ- ent places, much more global and able to trade seamlessly with Asia, the Americas, the Middle east and Africa as readily as with the UK and europe. Stronger air ties with the Middle east and Asia – especially China – point to our growing globalisation. If Brexit comes about we will have fresh opportunities to explore. A few politicians are beginning to muse about a sort of Commonwealth marketplace, an FTA with a difference but also with exciting possibilities. - Kelvin King Qantas honours those who fought our wars AheAd of the RhS Chelsea Flower Show, London, which takes place later in May, Australian airline Qantas has freighted 300,000 handcrafted crocheted poppies from Melbourne to London. The poppies will honour all servicemen and women who have fought across all wars, conflicts and peacekeeping operations in the last 100 years. To support this project, Qantas provided free carriage of the poppies, which took up 35 cubic metres of belly space, approximately half of the available cargo hold of an A380 aircraft. Air NZ agrees class action settlement KAPLAN Fox and Kilsheimer has confirmed a US$35 million settlement subject to court approval between Air New Zealand and a plaintiff class action in New York, USA. Air NZ says it agreed to settle to end the dispute, and not because it is guilty of an offence. Plaintiffs now have entered into settlements with 27 defendant groups for amounts totalling more than US$1.2 billion and settlements with 24 defendant groups for US$1.04 billion have been granted final approval by the court. Settlements with two defendant groups, Air China/ Air China Cargo and Polar Air Cargo/Polar Air Cargo Worldwide/Atlas Air Worldwide Holdings totalling US$150 million have been granted preliminary ap- proval by the court. Litigation is still pending against defendant Air India. Kaplan Fox is one of four co-lead counsel repre- senting a class of direct purchasers from defendants of air cargo shipping services for shipments to or from the United States between 01 January, 2000 and 30 September, 2006, seeking compensation for al- leged overcharges sustained as a result of a price-fix- ing conspiracy.