All Airlines articles – Page 86
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News
Unexpected airfreight rate stagnation down to fuel prices and a slowing market
Many had expected the opening up of Shanghai and Hong Kong following strict Covid lockdowns to result in a surge in rates from Asia as factories played catch up following months of closure.However, TAC Index figures show that rates actually declined marginally in June compared with May from Hong Kong ...
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News
Kuehne+Nagel's Klaus-Michael Kuehne increases stake in Lufthansa to 15%
Kuehne+Nagel majority owner Klaus-Michael Kuehne has increased his stake in German airline Lufthansa to 15% to become the airline's largest shareholder.In a shareholder notification on its website, Lufthansa said that Kühne's share in the business had increased from 10% to 15.01% on July 5.It was only in April that Kuehne ...
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NewsRaya responds to growing demand with freighter additions
Source: ST EngineeringMalaysia-based Raya Airways will lease four Airbus narrowbody Passenger-to-Freighter (P2F) aircraft from ST Engineering as it looks to respond to growing demand.The tie-up will see the company lease two A320P2Fs and two A321P2Fs following the conversion of the aircraft by Elbe Flugzeugwerke (EFW), which is the joint venture ...
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NewsCAMEX Airlines takes delivery of first B737-800 Boeing Converted Freighter from BBAM
Boeing 737-800 BCF Photo: BBAMGeorgia-based CAMEX Airlines has taken delivery of its first Boeing B737-800 Boeing Converted Freighter (BCF) from San Francisco, California-headquartered lessor BBAM.The cargo charter airline, based at Tbilisi International Airport, said on its website that it operates B737-800F and 737-800BCF aircraft but does not specify how many ...
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News
Air France-KLM to pay millions in US mail scandal settlement
Air France-KLM has agreed to pay $3.9m to resolve its alleged liability under the US False Claims Act for falsely reporting information about the transfer of US mail to foreign posts or other intended recipients under contracts with the US Postal Service (USPS).This is according to the US Department of ...
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NewsAir cargo volumes down again while rates continue to cool
Air cargo demand declined compared with a year ago for the fourth month in a row in June, according to the latest statistics from CLIVE Data Services.Figures from the Xeneta-owned data provider show an 8% year-on-year decline in chargeable weight in June, following on from drops in March, April and ...
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NewsDynamic International processes UK's first electronic ATA Carnet
Tony Scott, Dynamic International. Source: Dynamic InternationalTime critical logistics firm Dynamic International has processed the UK’s first electronic Temporary Admission (ATA) Carnet at London’s Heathrow Airport using a new app developed by the International Chamber of Commerce (ICC).Dynamic International, working with ATA Carnet provider and sister company Dynamic Dox, transported ...
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News
Saudia Cargo improves financial planning
Saudia Cargo has partnered with Revenue Technology Services (RTS) to improve its financial planning and efficiency.The partnership entails the implementation of revenue planning solution Foresight, pricing solution Accelerate, and revenue management solution Velocity.Foresight helps airlines to determine the value of cargo in a schedule, set revenue and sales targets and ...
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NewsEmirates SkyCargo to expand freighter capacity and launch new China services
Source: Emirates SkyCargoEmirates SkyCargo has taken delivery of its latest Boeing 777F, revealed plans to add new services to China and confirmed that it will convert more aircraft.The brand new freighter, A6-EFU, will replace A6-EFG which went back to its lessor last week, maintaining the carrier's B777F fleet at 11 ...
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NewsEtihad Cargo to end mini-freighters to China as flights ramp up
Photo: Etihad CargoEtihad Cargo will end its mini-freighter flights to China as it continues to ramp up its passenger network to the country with the introduction of 15 direct passenger and freighter flights per week.Throughout the pandemic, Etihad Cargo continued to operate direct routes into China, providing cargo capacity via ...
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News
Frankfurt the latest to face flight cuts as staff shortage hits
Both passenger and freighter airlines are cancelling flights to and from Frankfurt Airport (FRA) as staff shortages affect operations at the hub.In a statement, airport operator Fraport said demand for travel was returning and at the same time it is experiencing staff shortages for some services along the travel chain."To ...
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NewsNew livery for Qatar Cargo freighter to celebrate diversity
Source: Qatar CargoOne of Qatar Cargo's freighters has been given a new livery highlighting the diversity of its employees as part of the carrier's WeQare sustainability initiative.The freighter, which features images Qatar Cargo's employees, on June 29 flew from Toulouse to Oslo via Doha.The freighter will serve as the company ...
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News
FedEx expands between Australia and New Zealand
FedEx Express has launched a new trans-Tasman service between Christchurch, Auckland and Melbourne to provide additional capacity and shorter transit times.The service will run five times a week from July 4 and will add to five existing Sydney to Auckland flights each week.FedEx said: "We are delighted to inform you ...
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InsightsAfrican airfreight on the ascent
As it emerges from the pandemic, Africa’s airfreight and logistics market is in expansion mode, attracting significant investment, writes Roger Hailey.There is investment in new and converted freighter aircraft, upscale cargo drones, consolidation in the cargo ground handling sector and the acquisition of a large specialist freight forwarder by a ...
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InsightsCargolux's Forson fears freighter boom will see air cargo bubble burst
Cargolux is exercising caution when it comes to freighter fleet investments and with good reason, president and chief executive Richard Forson tells Roger Hailey.Forson takes the longer term view of the air cargo industry and will not make million-dollar freighter fleet investment decisions based on the industry’s current boom.The Luxembourg-based ...
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Insights
Putzger perspective: Alignment headaches
Shipping companies' thirst for end-to-end supply chain solutions has seen their interest and investment in the airfreight industry continue to grow, but airlines would do well to think about what this trend means for the future, writes Ian Putzger.Airline boards have plenty of food for thought these days. Shipping lines’ ...
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InsightsEngineering a future flight path for Virgin Atlantic Cargo
Virgin Atlantic Cargo’s managing director Phil Wardlaw joined the team late last year and faces the challenge of navigating the division through a rapidly changing market.He moved over to cargo with more than 30 years in operations and engineering roles and joined at a time when the cargo team was ...
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Insights
SAF remains air cargo’s future fuel focus
Clean fuel alternatives to Sustainable Aviation Fuel (SAF) are unlikely to be available for long-haul air cargo flights for more than 10 years.Frederik van de Ven, global sustainability director at Air France KLM Martinair Cargo told Air Cargo News during DHL’s recent “Powering the Future of Logistics with Sustainable Fuels” ...
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News
AirBridgeCargo applies to return freighters to lessors
Russian media has reported that AirBridgeCargo (ABC) has applied to the Russian Ministry of Transport with a request to return 14 freighters to foreign lessors.According to the Russia-based Kommersant newspaper Volga-Dnepr Group-owned ABC plans to return 14 out of 16 cargo Boeing 747s, all of which are stored at Sheremetyevo ...
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News
Cathay Pacific Cargo resumes full freighter schedule
Cathay Pacific Cargo has resumed its full freighter schedule and will be operating between 90 to 100 freighters each week.In a press release, Tom Owen, director of cargo, said: “For the Americas that means about 35 transpacific freighters a week, and there will be a daily freighter service to Europe.“We’re ...