TAC Index | Global Air Freight Rate Market Data
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Our Story

The TAC Index are the premier providers of accurate, timely, and independent reference price information for general air cargo around the world.

About TAC Index

The TAC Index has been developed by a team of dedicated professionals over the last decade with special expertise in Aviation, Supply Chains, Logistics, Compliance, Computer Science, Data Science and Commodities.

TAC Index has now been recognized as the leading index in the air cargo market for tracking air cargo price volatility. TAC Index is now developing supplementary data products for the market.

Company Milestones

Company Formation

Created with Fabric.js 3.6.6 2012

Coverage Expansion & financial market recognition.

Created with Fabric.js 3.6.6 2017

TAC Index established itself as the market leader in publishing compliant air cargo price indices.

Created with Fabric.js 3.6.6 2019
Created with Fabric.js 3.6.6 2016

First Indices published outbound HKG.

Created with Fabric.js 3.6.6 2018

Freight Investor Services become actively involved in the market using TAC Index as the Settlement Price to develop a new, air cargo risk management market.

Created with Fabric.js 3.6.6 2020

TAC Index enters into a commercial branding agreement with the Baltic Exchange, 100% owned by the Singapore Exchange.

Our Vision

To raise the profile of air cargo in the world financial markets, which has been achieved by integrating air cargo in the global commodity markets through indexation. The Baltic Exchange; who are seen as the gold standard in indexing by the financial markets; now use TAC Index as the calculating agent for their benchmark airfreight indices.

   Peyton and his TAC Index team have led the push for price transparency in global air cargo markets, and their indices are valuable in our work as transportation industry analysts. I’ve known Peyton for several years now, and look forward to watching his products continued growth in the marketplace.

Bascome Majors
Equity Research Analyst – Industrials at Susquehanna International Group

Meet the Team

Burnett, John Peyton

Managing Director

John Peyton worked closely with the commodity markets and has 20 years’ experience in the aviation sector specializing in freighter aircraft charter. A graduate of Durham University and read Engineering.

Tempest, Nick

Head of Subscription Services

Joining the team in 2020, Nick qualified as a financial advisor in the UK before spending 18 years running financial, investment, insurance and property businesses in Hong Kong before relocating to London with his family in 2019.

Honarvar, Cameron


Cameron worked with Oppenheimer initially in New York and subsequently in direct investment in Hong Kong. He brings a wealth of operational experience to the company. He is a graduate of NYU.

Notaras, James

Head of Data and Research

James received his PhD in physics from Imperial College London and has 15+ years’ experience in data analytics and software development. James maintains and develops new data management and analytics systems for the TAC Index and is interested in novel ways to mine the available air cargo data.

Picard, Etienne

Head of Software

Etienne started his career at Orange Group, then served over 10 years in several positions in Asia. He holds master’s degrees from both Sorbonne University and Telecom Sud Paris.


Gareth Sinclair

Gareth has worked in the airline industry for almost 30 years, starting with the British Airways Passenger Business in Financial & Commercial management roles, including time working overseas in New York. In 2007 he joined British Airways World Cargo, driving significant transformation in Pricing and Revenue Management systems and processes as well as integrating the Iberia and Aer Lingus Revenue Management functions. As Head of Revenue Management and Pricing for IAG Cargo, he introduced enhanced analytical capabilities, dynamic bid price vectors and commenced the move towards dynamic pricing. Gareth is now working as a Cargo Revenue Management, Pricing, and Analytics consultant to airline, freight forwarder, and data management clients.

Benjamin Pritchett-Brown

Ben joined TAC in July 2021 and advises us on our business development and growth strategy. Ben brings to the company significant experience in the index business having been a founding member of Standard & Poor’s Indexes, EMEA. He subsequently joined Russell Investments where he was responsible for establishing the Russell Index business in Europe. Ben started his career as a trader, then broker, in the UK Government Bond market. He has also served on the Board of Investment & Pensions Europe as Group Commercial Director, for whom he had previously acted as Editor of the IPE Guide to Exchange-Traded Funds.

Ian Johnston

Ian is a partner with international law firm Kennedy’s, qualified in England, Wales and Hong Kong. He has advised many corporations on a variety of legal matters, and is based in Bangkok, Thailand. Ian regularly speaks at industry events and is a member of the Chartered Institute of Arbitrators. He has been ranked as a ‘Notable Practitioner’ by Chamber’s Asia Pacific since 2016.

Jan Scibor-Kaminski

Jan Scibor-Kaminski joined the TAC Index as an Advisor to the Board in Sep-20. Jan has extensive knowledge of and a successful track-record in running, growing and developing SaaS and data businesses, ranging in size from FTSE-listed entities to start-ups. Jan brings extensive knowledge of B2B sales, of diverse licensing capabilities and has worked on two successful exits.

In his capacity as MD, Jan ran the P&L of one of the fastest-growing businesses within the Euromoney Institutional Investor: a FTSE-listed global media and data conglomerate. During his tenure, Jan quintupled turnover, pioneered the sale of APIs and helped deliver a CAGR of 20%. Most recently Jan was a member of the Executive Board at Delta Capita and regularly advises private equity firms on data businesses and invests in start-ups as an angel investor.

Jan worked in the Asset Management Division of Goldman Sachs in London having started his career with Fortis Investments, where he was based in both Paris and Brussels.

Jan has an MA (Oxon) in Modern Languages (Spanish and French) from Oxford University and has spent time in HM Armed Forces as a Platoon Commander in the Royal Green Jackets Regiment where he prepared his troops for a peace-keeping tour in the Balkans. Jan has lived in Brazil and travelled extensively throughout Latin America and represented Oxford at rugby.

TAC Index’s Headquarter

TAC Index Limited
2318 Leighton Centre, 77 Leighton Road Causeway Bay, Hong Kong


+852 3796 9618

+852 3796 9687 (fax)

Interested to learn more?