Airlines – Page 157
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News
Latam Airlines eyes Colombia expansion as restructuring continues
Latam Airlines Group sees opportunities to refocus its attention and resources towards the Colombian market, following the collapse of its Argentinian unit last year.Describing the closure of Latam Airlines Argentina in June 2020 as a “very hard decision”, Latam Airlines Group chief executive Roberto Alvo told a Capa Live event ...
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Qatar Cargo offers discounts to local manufacturers
Qatar Airways Cargo will offer offer discounted rates to local Qatari manufacturers that are clients of Qatar Development Bank (QDB).The special discount is available to more than 350 Qatari exporters – QDB clients – that wish to export their locally made products on Qatar Airways Cargo flights.The two partners said ...
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NewsIcelandair to add B767 freighters through Titan deal
Icelandair is selling two B767-300ER aircraft to Titan Aircraft Investments (TAI) that will be converted into freighters and leased back to the airline.TAI, which is a joint venture between Atlas Air-owned Titan Aviation Holdings (TAH) and Bain Capital Credit, said that following conversion, the aircraft would be placed on long-term ...
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Positive cargo revenues for Cathay as group makes an overall loss
Hong Kong-based Cathay Pacific Group has highlighted the performance of its cargo division in its full-year 2020 financial results, as its overall performance was hit by the effects of the pandemic.The group posted an operating loss of HK$18.1bn last year; in 2019, it achieved profits of HK$3.4bn. Group revenues declined ...
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Amazon takes stake in ATSG
Amazon Air has taken a $132m stake in lessor and cargo aircraft operator Air Transport Services Group (ATSG).Amazon is exercising warrants that it has held since 2016 and 2018 to acquire 13.5m shares in the cargo airline, paying $9.73 per share, ATSG says in a filing with the Securities and ...
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NewsK+N and American partner to deploy 11m litres of SAF
Kuehne+Nagel has entered into an agreement with American Airlines to deploy 11m litres of sustainable aviation fuel (SAF).The deal is part of K+N's Net Zero Carbon programme. Through the agreement, American will allocate a portion of the carbon reduction benefit generated through its use of SAF to K+N.Also as part ...
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Lufthansa Cargo downplays impact of vaccine volumes
Lufthansa Cargo is not expecting Covid-19 vaccine volumes to have as much of an impact on the air cargo market as many had first thought.Speaking following the announcement of the cargo firm's 2020 financial results, chief executive Dorothea von Boxberg outlined findings from Accenture Strategy and Consulting, which estimate that ...
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FedEx invests $2bn in sustainable technologies
US cargo carrier FedEx is investing more than $2 billion as part of an effort to achieve carbon-neutral operations across its global network in 20 years.The Memphis, Tennessee-headquartered company says on 3 March it is focusing on three areas to achieve this goal: vehicle electrification, sustainable fuel and carbon sequestration.“We ...
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NewsAntonov Airlines and Rhenus team up to transport rotor for repairs
Antonov Airlines recently transported a bladed rotor, which is typically used in power generation, from Ghana to India and back again.The task involved the carrier and Rhenus Project Logistics USA — both members of The Heavy Lift Group (THLG) — chartering one of Antonov Airlines' AN-124 aircraft to carry the ...
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Lufthansa Cargo expects a good 2021 and rates to ease in H2
The newly appointed chief executive of Lufthansa Cargo, Dorothea von Boxberg, is expecting another good year in 2021 but adds that rates are likely to cool in the second half.Lufthansa Cargo yesterday announced a record adjusted operating profit of €772m, more than double the previous record of €342m in 2010.The ...
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NewsAstral Aviation selects Sharjah Airport as Middle East hub
Kenya-headquartered freighter operator Astral Aviation has selected Sharjah Airport as its Middle East hub as it expands its operations in the region.The hub, chosen for its "strategic location" — as well as its facilities for general cargo, perishables and pharma handling — is the Astral's third. The carrier also has ...
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NewsAtran and AirBridgeCargo move engines from Russia to France
Atran airlines and AirBirdgeCargo (ABC), both part of Volga-Dnepr Group, have transported aircraft engines from Yakutsk, Russia, to Paris, France.The carriers said the task of transporting the two PW123 Pratt & Whitney engines for Bombardier Q-300 aircraft — weighing a total of 1,520kg — was “complex” and demonstrated its Cargo ...
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African air cargo market set to benefit from forwarder investments
It is hoped that recent investments by large forwarders in Africa will lead to infrastructure improvements.In January this year, DHL expanded its capabilities in South Africa by investing in new 10,000 m sq warehouse with pharma facilities near Johannesburg Airport.Also in January, CEVA Logistics acquired Moroccan freight forwarder ASTI Group.In ...
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NewsIAG Cargo reports increased automotive demand
IAG Cargo has reported an increase in automotive traffic since the start of the year, predominantly with its airfreight charter service that was launched last year at the start of the pandemic.The carrier said it that this year it has already transported 8,000 tonnes of automotive parts, which suggests "a ...
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NewsLufthansa Cargo announces record profits and another B777F
Dorothea von Boxberg Credit: Lufthansa CargoLufthansa's air cargo business reported record operating profits last year and has also announced plans to add another Boeing 777 freighter to its fleet.The Lufthansa Logistics division, which includes Lufthansa Cargo, Jettainer, time:matters and its equity investment in AeroLogic, saw earnings before interest and tax ...
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NewsAir New Zealand expands network as exporters turn to air cargo
Alex LarsenThe last few months have seen Air New Zealand open new cargo connections as it looks to meet demand from the country's exporters.Alex Larsen, head of global sales at the Auckland-headquartered airline, told Air Cargo News that the carrier recently expanded its network with twice-weekly services to Guangzhou, operating ...
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NewsVolga-Dnepr Airlines and LEJ set up emergency logistics hub
Volga-Dnepr Airlines and Leipzig/Halle Airport (LEJ) have signed a Memorandum of Understanding (MOU) to establish an emergency logistics hub for humanitarian tasks.Through the agreement, LEJ will offer some of its warehousing facilities for the storage of emergency cargo, while Volga-Dnepr will offer its aircraft for humanitarian operations.Both parties will strategically ...
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NewsIATA: Air cargo demand beats 2019 levels in January
Air cargo volumes returned to pre-Covid levels in January with demand even increasing compared with 2019 levels for the month.The latest statistics from IATA show that air cargo volumes in cargo tonne km terms were in January up by 1.1% compared with 2019 levels and 6.1% year on year.Meanwhile, capacity ...
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NewsMacquarie AirFinance orders conversions to meet express demand
AEI B737-800SFAircraft lessor Macquarie AirFinance will convert four of its B737-800SF aircraft through Aeronautical Engineers, Inc as it looks to capitalise on growing e-commerce demand.The company said that it made sense to extend the life of its B737-800 aircraft through conversion.John Willingham, chief executive of Macquarie AirFinance, said: “We are ...
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Cargo remains the bright spot for Turkish Airlines in 2020
A strong rise in cargo revenues helped Turkish Airlines end 2020 with a profitable final quarter at an operating level, though the Star Alliance carrier still posted a net loss of $836m for the full-year.While the carrier’s passenger revenues slumped by two-thirds for the three months ended December 2020, to ...