Airlines – Page 151
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News
ST Engineering to enter freighter leasing JV
MRO provider ST Engineering and Singapore state-owned investment firm Temasek are teaming up to establish a joint venture freighter leasing company in response to rising demand for freighters.The new company will aim to build a portfolio of aircraft with a value of around $600m within five years, investing in passenger ...
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Unions squabble over contract for Canadian cargo pilots
Canada’s Unifor union has sharply criticised US-based pilot union Air Line Pilots Association, International (ALPA) for “interference” in pilot-contract negotiations with cargo and charter carrier Cargojet, writes Pilar Wolfsteller.The Canadian union, which represents 16,000 aviation workers in that country including pilots, air traffic controllers and maintenance personnel, calls ALPA “self-serving” ...
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NewsLufthansa Cargo starts work on ArtCube facility at Frankfurt Airport
Left to right: Daniela Lotz, senior project manager construction projects; Stefan Dürr, head of program LCCevolution; Harald Gloy, COO; Cornelia Schultze, senior manager product, dpeed and dervice offer; Mohammad Ali Seiraffi, vice president handling Frankfurtall, at Lufthansa Cargo.Lufthansa Cargo has started the construction of its new art storage facility ...
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Finnair Cargo continues to develop digital booking capability
Finnair Cargo has expanded its digital booking capabilities by listing its capacity on online booking portal WebCargo.The airline will initially be available to WebCargo customers in the US and Europe.WebCargo said the move reflects an overall increase in the adoption of digital technologies due to the fall out from Covid ...
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NewsAir cargo carries out life-saving medical equipment flights to India
United Cargo helped facilitate a shipment of ventilators to DelhiThe air cargo industry has been transporting life saving supplies and medical equipment to India over the last few days as the country is ravaged by a second wave of Covid.Lufthansa Cargo said that on three flights this week, a total ...
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NewsNetwork adds extra freighter flight to support Mothers' Day flower demand
Freighter firm Network Airline Management transported more than 1,000 tonnes of freshly cut flowers — from Nairobi, Kenya into Europe — during the run up to International Mother’s Day.The 2021 schedule saw four B747 freighter flights operate each week, as well as an extra flight to fulfil this year’s demand.The ...
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Air Cargo News Awards entry deadline extended
Air Cargo News has extended the deadline for companies to enter its prestigious annual awards following overwhelming demand.This means companies now have until May 14 to submit entries.The awards honour and celebrate those companies that have invested in providing great customer service, operational excellence and innovative technologies.This year there are ...
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News
Transpacific airfreight rates climb in April
Airfreight rates from Hong Kong to North America took off in April as a combination of capacity shortages and rising demand hit the market.Baltic Exchange Air Freight Index (BAI) figures show that in April the average price on services from Hong Kong to North America increased by 54.7% compared with ...
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IAG Cargo notes "strong" start to the year in Q1 2021 results
IAG Cargo has recorded a year-on-year increase in revenues in the first quarter of this year, which it attributed to "cargo markets still impacted by the pandemic".The carrier posted revenues of €350m in the first three months of this year — 50% higher than the same period a year earlier.Overall ...
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NewsA year of cargo-in-the-cabin flights at Emirates SkyCargo
Emirates SkyCargo has marked its one-year anniversary of carrying PPE and other vital cargo in the cabins of its Boeing 777-300ER passenger aircraft.A year ago, to bridge the capacity shortfall and enable the transportation of cargo urgently needed in the global fight against the pandemic, Emirates SkyCargo began carrying cargo ...
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News
Magma Aviation adds another B747 freighter
Magma Aviation is adding an extra Boeing B747 freighter aircraft to its fleet in response to growing demand.The UK-based freighter manager has partnered with Plus Logistics Solutions Limited on the B747-400F, which increases its fleet to five all-cargo aircraft.It is the second freighter that Magma has added to its fleet ...
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ATSG revenues decline in Q1 despite strong cargo results
Aircraft lessor ATSG has recorded decreased revenues and earnings before interest, tax, depreciation, and amortisation (ebitda) in the first quarter of this year, partly due to decreased passenger services in the wake of the pandemic.The company achieved revenues of $376.1m in the first quarter of this year — 3.4% lower ...
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Lessor GTLK signs up for A321 freighter conversions
Leasing firm GTLK Europe has signed up for four A321 conversions from Elbe Flugzeugwerke (EFW) as it looks to meet growing e-commerce demand.Three of the four aircraft will be inducted for conversion this year, with the fourth conversion to be carried out in 2022.“We are delighted to welcome GTLK Europe ...
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Turkish Cargo adds Munich freighter flights
Turkish Cargo will add freighter flights to Munich as it looks to capitalise on high-tech and automotive demand from the German city.The airline said that it will use an Airbus A330F on the weekly flight between Istanbul and Munich."Munich is considered as the technological metropolis of Germany, and it hosts ...
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Atlas and unions disagree over pilot contract progress
Atlas Air Worldwide Holdings and the International Aviation Professionals (IAP) union have offering differing views on the progress of talks to settle the five-year dispute over pilot contracts.Following the announcement of its half-year results, the aviation company said that it expects the arbitration process to conclude in the second half ...
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Atlas Air Worldwide set for strong H1 performance in 2021
Freighter operator Atlas Air Worldwide has achieved increased net income and ebitda (earnings before interest, tax, depreciation, and amortisation) in the first quarter of this year and it expects continued strong performance.In its first quarter 2021 results, the freighter operator recorded a 33.8% year-on-year increase in revenues to $861.3m. Net ...
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NewsQatar Cargo roars into action for lion charity flights
Qatar Airways Cargo has transported seven lions to nature reserves in South Africa free of charge as part of its Rewild the Planet initiative.The operation saw the carrier transport three lions, one lioness and three cubs from Kiev to Doha and then Johannesburg over three days.The lions were then transported ...
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IAI to open Korean B777 conversion line to meet demand
Israel Aerospace Industries' (IAI) Aviation Group is planning to open a new B777 freighter conversion line at Incheon International Airport in South Korea to meet demand.The conversion firm signed a Memorandum of Agreement (MoA) with the Incheon International Airport and MRO firm Sharp Technics to establish the facility, which will ...
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IATA: Cargo demand at "all time high" but capacity is yet to recover
Air cargo volumes in March reached an all-time high for the month, according to IATA in its latest air cargo analysis.The association said that global air cargo demand, measured in cargo-tonne kilometres (CTKs) was 4.4% higher in March 2021 than in March 2019, which was used for comparison to avoid ...
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E-commerce demand boosts Cargojet in Q1
Cargojet saw revenues and profits increase in the first quarter of the year as it continued to benefit from a boom in e-commerce demand.The Canada-based aircraft owner and operator saw first-quarter revenues increase by 30.3% year on year to C$160.3m, earnings before interest and tax were up from a C$0.9m ...