All articles by Air Cargo News (Admin) – Page 71
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KKR partners with Altavair in $1bn aircraft investment
US-based Global investment firm KKR is linking up with Altavair AirFinance with an initial $1bn capital commitment, part of which will go towards the acquisition of six “cargo aircraft” on long-term lease with “a diverse group of airline counterparties”.Dan Pietrzak, a member of KKR, said: “Since our first investment in ...
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Atran adds fourth B737 freighter
Atran Airlines has marked the start of the new year by taking delivery of a Boeing 737-400 BCF, enlarging its fleet to four freighters.The additional aircraft will "support the carrier’s growing volumes, especially e-commerce shipments which now constitute a major part of Atran’s traffic".The B737-400 BCF will be deployed on ...
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Full opening of Istanbul's new airport pushed back to March 3
This week’s full opening of the new Istanbul Airport for passenger flights has been delayed for the second time, until March 3, according to press reports.Turkish Airlines and other carriers were scheduled to launch passenger services at the final phase €10.5bn hub on Tuesday after a mass migration of airline ...
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Menzies renews Schiphol cargo contracts
Menzies Aviation has renewed cargo contracts with two key customers at Amsterdam’s Schiphol Airport.FedEx renewed its ramp and cargo contract with the UK-based airport services firm, which sees Menzies continue to handle FedEx’s daily freighter into Schiphol.US-based cargo carrier Kalitta Air also renewed its contract for ramp handling at the ...
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Germany's Rhenus acquires Cesped in Italy
Rhenus Logistics is to acquire Italian Logistics company, Cesped, in a deal which will be formalised after approval from the competent antitrust authorities.Germany-based Rhenus said that the Cesped acquisition strengthens its "already market-leading position in the Italian road transport market", adding that the takeover supports Rhenus’ "continued development" of its ...
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Ogiermann confirmed to head up CargoLogicGermany
Leipzig/Halle Airport-based CargoLogicGermany (CLG) has appointed Ulrich Ogiermann as its managing director and Dierk Näther as the airline’s number two.Until recently, 59-year-old Ogiermann worked in a dual role in London as senior vice president for operations at the Volga-Dnepr Group (VDG) and deputy general director of its consulting affiliate CargoLogicManagement ...
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Delhi on a monthly high for airport cargo volumes in October
Cargo throughput at airports in the Asia-Pacific and the Middle East regions grew by +2.6% and +1.8% respectively in October 2018, amid the ongoing trade disputes between China and the US.The latest monthly statistics from Airports Council International (ACI) Asia-Pacific show that, among the major cargo hubs, Delhi (DEL) had ...
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FedEx drops Cuba plans
FedEx has dropped plans to start a five-times-a-week freighter service between Miami and Matanzas/Varadero in Cuba.In a letter to the US Department of Transportation the express giant said it is returning its five-weekly frequencies "effective immediately" as it evaluates alternative all-cargo service options to Cuba.The express firm had applied for ...
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Amazon Air to expand fleet to 50 aircraft with new ATSG deal
Amazon Air is expanding its network with the lease of a further 10 Boeing 767-300 freighters from lessor ATSG, with options for even more.The move will bring the e-commerce giant’s fleet of aircraft to 50 – it leases a further 20 from ATSG and 20 from Atlas Air – when ...
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Worlds most protected route opens
AUSTRALIA and the US have signed an open skies agreement that opens up one of the world’s most lucrative long-haul routes.The deal will allow Australian and US airlines to increase routes, destinations and frequency of flights between the two countries and to other nations.Qantas and United Airlines are currently the ...
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Qatar Airways takes 5% stake in China Southern
Qatar Airways Group has acquired a 5% share stake in China Southern Airlines.The Middle East carrier said that the purchase of China Southern A and H shares continues a strategy to invest in “the strongest airlines around the world and continue enhancing operations and network connectivity”.Latest available fleet data indicates ...
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Amazon reports record holiday season
E-commerce giant Amazon, which is expanding its freighter fleet, had a record-breaking holiday season with more items ordered worldwide than ever before, although it did not provide total figures.Amazon customers shopped at record levels, it said, "from a wide selection of products across every department, discovering top holiday gifts and ...
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European shippers want 'no-deal' Brexit transition period
The European Shippers’ Council (ESC) has called for a transitional period until December 2020 if the UK leaves the European Union in March without a trade deal in place. It hopes this will allow governments as well as companies time to finalise their preparation.If the present Brexit withdrawal agreement does ...
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Air Cargo News' most read in 2018
With 2019 already underway, the Air Cargo News editorial team decided that now would be an opportune moment to review which stories had proved to be most popular with our readers over the last 12 months.It has been a record year for the Air Cargo News website, with page views ...
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Tariff war takes its toll in November as air cargo volumes decline
Air cargo volumes for November bucked normal seasonal trends and declined compared with October levels.The latest figures from analyst WorldACD show that there was a 1.4% year-on-year (YoY) decline in cargo volumes in November, but more surprisingly there was a slip of 2% compared with October.Usually air cargo demand increases ...
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Saudia Cargo transports equipment for cultural event
Saudi Airlines Cargo contributed to the 33rd National Festival for Heritage and Culture (Janadriyah - 33) by transporting equipment for the inauguration ceremony on December 20, organised by the Ministry of National Guard.Saudia Cargo shipped 60 tons of equipment, tools, screens, and cables from Châlons Vatry International Airport, France, to ...
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SF Airlines adds freighter 50 and launches Bangkok route
On December 21 Chinese express carrier SF Airlines added its fiftieth freighter, shortly after adding number 49.The airline said that the delivery of a Boeing 757-200 converted freighter marked an important milestone as it officially becomes a medium-sized airline.In recent years, SF Airlines, which only started operations in 2009, has ...
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Consumers are willing to pay a premium for supply chain visibility
Supply chain visibility and social responsibility: A new study from MIT Sloan School finds consumers are willing to pay a premium for supply chain visibilityResearch has implications for how firms message their efforts to target customersCompanies from Patagonia to Nike and Levi’s are leading the charge on social responsibility and ...
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Air cargo faces these four logistics challenges in 2019
Air Cargo Faces These Four Logistics Challenges in 2019By Jos Nuijten, Vice President, Network Integration Strategy, DescartesMany factors have combined to create an optimistic yet challenging climate for the air cargo industry. One of these is the continued growth of e-commerce globally, which has had a profound impact on the ...
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Drones: How the world's airspace will change in 2019
How the World's Airspace will Change in 2019* By Bill Goodwin, General Counsel at AirMap In the past five years, the drone industry has seen impressive growth around the globe.Both the public and private sectors have leveraged unmanned aerial vehicles (UAV) in countless ways, whether to improve public safety surveillance ...