All articles by Air Cargo News (Admin) – Page 190
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NewsEuropean air cargo monthly: Freight continues to take off at Lufthansa and IAG
Major European airlines saw cargo demand growth accelerate in July, despite some warnings growth may have reached its peak.The latest figures from Lufthansa, IAG and Finnair all point to continued improvements in air cargo demand, with percentage growth in July beating their average for the year to date.Air France KLM ...
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China’s HNA buys Hahn airport stake
China’s HNA Airport Group has completed its €15.1 million purchase of a 82.5% stake in Germany’s Frankfurt-Hahn airport, announced previously.It ends an uncertain period in the history of the airport; in June 2016 it appeared to have sold the tranche to shadowy Chinese investor, Shanghai Yiqian Trading Co, but the ...
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Cargolux starts work on state-of-the-art HQ
Cargolux Airlines has started work on a new headquarters building at its Luxembourg airport base.It is located in the Sandweiler district adjacent to the carrier’s maintenance hangar, to which it is connected by a glass bridge. The airline’s training organisation, including its two Boeing 747 simulators, will also be located ...
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Heathrow has fastest-ever cargo growth
A 44% surge in American Airlines volumes in July contributed to a 15.1% rise in cargo at London Heathrow airport in July - the fastest rate ever recorded. The gateway also reported that overall cargo traffic with North America was up 16% while Asian traffic was up 14% on the ...
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More functions for Frankfurt freight system
The Dakosy FAIR@Link Cargo Community Platform at Frankfurt Airport has expanded its range of import and export services.For imports, freight forwarders can now receive flight manifest data from the airlines via the integrated FAIR@Link dashboard, including status reports on incoming flights and air waybills (AWBs), allowing the necessary resources to ...
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AMI adds imports to South Africa service
Trade-only airfreight and express wholesaler AMI has launched an express import service to South Africa.Click2ship Express Imports is the counterpart to the click2ship Express Exports launched in the country in 2014.It provides online quotes and bookings for imports from any location in the world. Prices include collection at origin, export ...
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Frankfurt cargo volumes still ascending
Cargo continued to increase at Frankfurt Airport, said operating company Fraport in its latest figures for July.Freight and airmail was up 4.2% to 188,009 tonnes in the month, while for the year to date it was up 4.7% to just over 1.28m tonnes.Fraport added that accumulated maximum take-off weights surpassed ...
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Pilotless freighters ‘by early 2020s’, says report
Pilotless freighter aircraft could be a reality by the early years of the next decade, considers a report by UBS evidence lab.In a report by its aerospace, airline and logistics analysts published on August 7 , it postulated that the first full size pilotless all cargo planes could be flying ...
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Virgin Atlantic Cargo appoints account manager for Australian business
Virgin Atlantic Cargo has appointed Jarrod Paterson has joined as account manager – Melbourne to support the launch of new Melbourne services by the airline’s partner, Virgin Australia.Paterson joins Virgin Atlantic after nearly four years with GSA Australia Cargo, latterly as station manager Victoria.Earlier in his career, he worked for ...
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Consultant IBA sets up freighter arm
Aviation consultant IBA has set up a freighter advisory practice against a backdrop of a surge in freight volumes in the first half of 2017.It is headed by Moshe Haimovich who joined IBA in 2017, bringing over 30 years of aviation experience in engineering, project management, consulting and marketing with ...
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Mexico to be CargoLogicAir’s first scheduled destination
CargoLogicAir (CLA), the only UK all-cargo airline, is to launch its first scheduled cargo route on 19 August, to Mexico.Twice-weekly Boeing 747-400 flights will depart from CLA’s London Stansted Airport base every Wednesday and Saturday to Mexico City International Airport via Hartsfield-Jackson Atlanta International Airport in the US.The full aircraft ...
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Latin American airfreight continues to struggle
Members of the Latin American and Caribbean Air Transport Association (ALTA) reported a decline in freight tonne-kilometres (FTKs)in the first six months of the year, but the market does appear to be improving.FTKs were 1.8% down in the first six months of 2017 compared with the same period last year ...
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US joint venture enters the A321 conversion fray
Erickson Group’s Precision Aircraft Solutions (PAS) arm and Air Transport Services Group (ATSG) subsidiary Cargo Aircraft Management (CAM) have joined the race to develop a passenger-to-freighter conversion of Airbus A321-200 aircraft.The new venture, 321 Precision Conversions, aims to gain type approval for A321-200 conversions in 2019. PAS began a feasibility ...
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Strong second quarter for Canada’s Cargojet
Canadian overnight air cargo operator Cargojet said its total revenues were up 11.2% over the previous year to $88.2m, in its results for the quarter ended June 30.Adjusted EBITDA earnings were up 9.3% over the previous year, at $24.6m. The company said revenues were up on increased volumes from existing ...
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Adjusted earnings up for ATSG
US-based aircraft provider, converter and leasing company Air Transport Services Group (ATSG) reported adjusted earnings from continuing operations (excluding non-cash warrant-related items) up 64% at $13.9m for the quarter ended June 30.Adjusted earnings per share from continuing operations were $0.21, up eight cents per share.Revenue increased by $77m, or 43%, ...
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SEKO aims to cut supply chain costs using ocean
SEKO Logistics is helping Glasgow, UK-based Peak Scientific to optimise its supply chain with visibility, reporting and cost saving solutions, and by cutting out unnecessary airfreight costs.Peak Scientific, designs, manufactures and supports high performance gas generators for analytical laboratories, now serves customers in two of its major markets, China and ...
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Cowan takes over at Manchester Airport
Andrew Cowan is to become chief executive of Manchester Airport, taking over from Ken O'Toole, who has been named chief of sister airport in the Manchester Airports Group (MAG), London Stansted Airport.Meanwhile, Collette Roche has been named chief of staff for MAG, responsible for shaping the development of the Group’s ...
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DHL the latest freight forwarder to see margins come under pressure
DHL Global Forwarding is the latest freight forwarder to see airfreight demand and revenues surge during the second quarter, but margins were under pressure as a result of increasing airfreight rates.The Deutsche Post-owned forwarder saw second-quarter airfreight revenues increase by 5.7% year on year to €1.1bn on the back of ...
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Ex-CEVA shareholders launch lawsuit against Apollo Global
A former CEVA Logistics employee has launched a lawsuit against the owners of the company over allegations a group of employee investors were defrauded out of their stake in the firm.In court documents filed in Florida, it is alleged that a group of ex-employees and employees have accused Apollo Global ...
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DHL signs deal to help Shanghai Pharma grow
Shanghai Pharma, one of China’s largest listed pharmaceuticals groups, has signed a Memorandum of Understanding (MOU) with DHL Supply Chain to expand its global logistics infrastructure.Under the MOU, the pharmaceuticals giant – which generated revenues of more than US$18 billion (RMB121 billion) last year – will partner with DHL ...