All articles by Air Cargo News (Admin) – Page 304
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Green light for Hong Kong third runway work
Hong Kong Airport Authority has gained statutory approval for reclamation work that will allow construction of a third runway to go ahead. The authority said it would now proceed with the detailed design for the third runway and also start procurement of construction contracts for the reclamation works at the ...
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A321s to refresh Delta narrowbody fleet
Delta is to acquire 37 additional Airbus A321s as part of its efforts to renew its ageing narrowbody fleet. The new planes will replace older-generation jets, including the MD-88.The airline’s incoming chief executive, Ed Bastian said the order would allow it to accelerate the retirement of Delta’s 116 MD-88s.The new ...
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China logistics giant to build own airport
SF Express is to build its own airport in the Wuhan area, according to China Aviation Daily, quoting an interview with its president Tu Wei with CAACNews. China’s largest private express company is reportedly investigating possible sites for a freight airport in South Central China although sources quoted suggest that ...
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China Eastern to buy Dreamliners
China Eastern Airlines has finalised an order for 15 Boeing 787-9 Dreamliner aircraft, worth about $4 billion to strengthen its long-haul fleet. It plans to operate them on routes between China, North America and Europe and will increase frequencies on existing routes from Shanghai to Los Angeles, New York, San ...
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United Cargo to begin accepting new temperature controlled container
United Cargo has begun accepting the Envirotainer RAP e2 temperature-controlled container.United can now transport the entire suite of Envirotainer’s active units on the airline’s network of 59 TempControl-certified handling locations.The RAP e2 does not require dry ice or battery replacement – it uses rechargeable batteries to power its electric heating ...
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Etihad confirms another year of rapid growth
Abu Dhabi-based Etihad Airways has confirmed that it made a net profit of $103m on revenue of $9.02bn over the course of 2015, up from $73m and $7.55bn respectively in 2015. These figures represented the airline’s strongest ever annual financial results.EBIT reached $259 million, up from $257 million in 2014.Growth ...
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IATA’s latest survey suggests lack of confidence in cargo future
The latest Airline Business Confidence Index produced by the International Air Transport Association (IATA) was made public this month (April), the associated survey revealing that airline heads of cargo and chief financial officers appear likely to report year on year gains in profitability over the first quarter of this year.However, ...
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UPS enjoys successful first quarter, but airfreight market challenging
UPS has revealed what it describes as record first quarter results. Total revenue over the three-month period reached $14.4 billion, up 3.2% over the same quarter of last year (and on a currency-neutral basis, revenue increased 3.7% year on year).Both UPS’s domestic US and international small package segments drove growth“We ...
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China Eastern Airlines confirms B787-9 order
Shanghai-headquartered China Eastern Airlines has confirmed an order for 15 Boeing 787-9 ‘Dreamliners’.The order is said by manufacturer Boeing Commercial Airplanes to be worth $4 billion at current list prices.China Eastern Airlines chairman Liu Shaoyong commented: “The addition of these next-generation, fuel-efficient airplanes will play a key role in supporting ...
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Keeping cool in the Antarctic
Russian freighter operator Volga-Dnepr Airlines flew more than 190 tonnes of freight to Antarctica during its first-ever season of cargo flights to the world’s most southerly region, in support of the DROMLAN international Antarctic project.The DROMLAN (Dronning Maud Land Air Network) project, which is managed by the Antarctic Logistics Centre ...
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Brussels continues recovery process
On May 2, Brussels Airport will introduce a new flight schedule. According to a statement from the gateway, “the number of passengers per flight is rising faster than expected, so a new flight schedule has been drawn up for all passengers to leave in complete safety and comfort”.The airport operator ...
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Air Partner reveals strong performance
Air Partner, the global aviation services group that is best known for its long-standing air charter broker business, has reported strong results for its financial year that ended in 31 January.Air Partner made an underlying profit before tax of £4.3m, an increase of 64% over the previous financial year, while ...
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Lufthansa Group result one of the best ever despite tough challenges
Looking back at its 2015 performance during its annual general meeting (AGM), the Lufthansa Group said that the adjusted earnings before interest and tax (EBIT) of €1.8bn and net profit of €1.7bn it made on revenue of €32.1bn during the year represented one of the best group results in the ...
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Accusations fly as Atlas Air pilots' union requests mediation
A dispute involving 1,300 pilots flying for DHL-contracted airlines Atlas Air and Polar Air Cargo in the US looks set to go to mediation.The Teamsters union said on 26 April that the National Mediation Board (NMB) which facilitates labour relations in aviation had agreed to the request despite the fact ...
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Batmobile flies between continents, with Turkish Airlines’ help
The Batmobile has made its first ever journey between two continents, thanks to Turkish Airlines. The car that will be used in Warner Bros’ new movie Batman v Superman: Dawn of Justice travelled to Istanbul where it crossed the Bosphorus Strait from Europe to Asia on the new Yavuz Sultan ...
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Drewry index gives some cause for rejoicing
Drewry’s East-West Airfreight Price Index rose by 0.3 points in March compared with February to a reading of 79.5.The small increase came after four consecutive months of falling prices, during which period the index fell by over 20 points from an October peak.In terms of pricing, rates increased by one ...
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AEI bags new freighter conversion orders
Aeronautical Engineers (AEI) has signed a contract with Vallair to provide the company with four 11 pallet position Boeing 737-400SF freighter conversions.All of the conversions will be modified by Commercial Jet’s Dothan, Alabama facility with the first one commencing in May 2016, followed by the remaining three modifications in June, ...
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Delta renews Atlanta lease agreement
Kasim Reed, mayor of the City of Atlanta, and Richard Anderson, CEO of Delta Air Lines, have inked a 20-year Airport Use and Lease Agreement.The new lease, which goes into effect on 1 July, will keep Delta’s corporate headquarters in Atlanta until at least 2036. It replaces the previous agreement ...
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Qatar ups IAG stake to almost 12%
Qatar Airways has increased its stake in IAG to almost 12%, according to Bloomberg.The news agency reported that the Middle Eastern airline has been “strengthening ties built around the access [IAG-owned] British Airways provides to North America via London and the Gulf carrier’s network of Asian routes”.Qatar Air has increased ...
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SF Airlines takes delivery of latest converted freighter
PEMCO World Air Services has announced the redelivery of a Boeing 737-300 freighter aircraft to China-based SF Airlines, the air cargo division of SF Express.The freighter, converted by PEMCO’s partner STAECO in Jinan Shandong, China, marks the fourteenth redelivery of a B737-300/400 to SF Airlines since 2013.SF Airlines plans to ...