Airlines – Page 327
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News
Canadian transport minister 'miscommunicated' on foreign ownership rules for cargo carriers
Foreign owners will be able to take up to a 49% stake in Canadian cargo airlines, the government has confirmed after an earlier policy "miscommunication".Canada’s transport minister Marc Garneau has clarified his earlier statement that seemed to suggest that a raising of the cap on foreign ownership, from 25% to ...
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Ex-Delta cargo boss Neel Jones Shah joins the Amerijet board
Ex-Delta cargo boss Neel Jones Shah has been appointed to the board of managers at the parent group of Amerijet, the Miami based scheduled freighter operator.Shah’s appointment, “to help the company fulfil its strategic growth objectives and operational goals” follows a change of ownership at Amerijet in the summer of ...
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Matheson wins Cathay handling at Portland
Matheson Flight Extenders has signed a freight consolidation agent agreement with Cathay Pacific to provide US import/export air cargo services at Portland International Airport in Oregon.Cathay Pacific Cargo this month (November) launched a twice-weekly scheduled Boeing 747-8 freighter service between its Hong Kong home hub and Portland, the Asian carrier’s ...
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AirBridgeCargo beats annual tonnage record
Fast growing AirBridgeCargo beat its annual tonnage record last month, its thirteenth consecutive year of growth, as it continues to expand fleet and network.The all-cargo airline recorded a 30% improvement in demand in October to 57,608 tonnes bringing its total for the first ten months of the year to 498,177 ...
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Lufthansa Cargo re-signs for innovation scheme
Lufthansa Cargo has signed up to once again participate in a scheme to identify companies with innovative ideas that could be applicable to the air cargo supply.The Logistics Tech Accelerator programme from US firm RocketSpace helps identify and select young technology companies to help bring their ideas and visions of ...
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Jaw dropping transport for An-124
An 88-tonne ‘jaw crusher’ used for gold mining has arrived at Russia’s Sokol Airport in Magadan onboard one of Volga-Dnepr Airlines’ An-124-100 freighters.The jaw crusher, which was transported along with other equipment and tooling from Pulkovo Airport in Saint Petersburg, will be used for primary ore crushing during the gold ...
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NewsLATAM cargo revenues and volumes slide in Q3
Cargo revenues at the LATAM Group continued to decline during the third quarter of the year as a result of a decline in traffic and yields.The South American carrier recorded total cargo revenues of $266m during the third quarter compared with $310m during the same period in 2015.The decline was ...
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Emirates Group profits slide 64% while cargo volumes remain flat
The Emirates Group saw profits decline by 64% in the first half of the year, while cargo volumes remained stable and capacity increased 9%.Group revenues for the first six months of the financial year, which include Emirates and dnata figures, increased by 1% on the same period last year to ...
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Airline and pilot groups eager to work with Trump on modernising US aviation infrastructure
Airlines for America (A4A) and the Air Line Pilots Association International (ALPA) have welcomed Donald Trump as US President-elect and said urged him to follow through on campaign pledges to modernise infrastructure.Trump, in his acceptance speech and during his campaign, put forward a $1trn plan to improve infrastructure as part ...
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B747-400F service between Germany and South Carolina
Senator International has launched a Boeing 747-400 freighter that will serve the US South Carolina hub of Greenville Spartanburg (GSP) with flights out of Munich and Frankfurt-Hahn airports in Germany.The Germany-based logistics operator said that its “Atlantic Bridge” will use an Air Atlanta Icelandic freighter, with Globe Air Cargo responsible ...
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Cargojet welcomes retention of 25% cap on foreign ownership
Canada-based freighter operator Cargojet has welcomed Transport Canada's review of the foreign ownership rules for Canadian airlines which remain unchanged for the airfreight sector.Ajay Virmani, president and chief executive of the airline, said: "Cargojet welcomes the decision by the Minister of Transport, Marc Garneau, to maintain current foreign ownership levels ...
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China Air Cargo finally looks set to get the go-ahead for launch
The Civil Aviation Administration of China (CAAC) looks set to approve a transport license for the start-up of China Air Cargo.The CAAC said China Air Cargo, which placed an order for two B757-200 conversions earlier this year, would use Guangzhou Baiyun International Airport as its base of operations for domestic ...
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NewsCargojet sees revenues climb on Air Canada tie-up
Cargojet saw revenues continue to climb in the third quarter of the year in line with the launch of new services between South America and the US but it recorded a net loss largely as a result of impairment and finance costs.The aircraft lessor reported a 7.2% year on year ...
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Leaping at Oslo: ABC the latest to launch services targeting salmon demand
AirBridgeCargo Airlines (ABC) is the second airline within the last few weeks to launch a freighter services from Oslo that aims to capitalise on the seafood market.The scheduled all-cargo airline will offer two services a week between the Norwegian city and Moscow Sheremetyevo utilising a Boeing 747 freighter, which can ...
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Recent improvements in air cargo demand is on most trade lanes, says Atlas
Improving air cargo demand over the peak season is “across most markets” and is also helping boost yields, according to Atlas Air Worldwide Holdings (AAWH).Shortly after announcing third-quarter results, AAWH president and chief executive William Flynn said that the company had noticed a “very strong peak season” across its customer ...
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NewsAsian cargo monthly: Demand improves across the board
It was a clean sweep for airlines in Asia as all seven companies monitored by Air Cargo News’ monthly performance round-up saw demand improve during the month.The data supplied by airlines reflects the numbers in Europe and the Americas, where the majority of carriers also revealed an uptick in demand ...
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ATSG Q3 revenues up but profits slide
ATSG saw profitability decrease in the third quarter of the year despite a boost in revenues as its Amazon deal affected the business.In the third quarter of the year, the Wilmington-based aircraft lessor saw net earnings from continued operations decrease to $2.1m from $6.3m a year earlier.The company said that ...
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SIA Cargo operating loss widens in the financial year's first half
Singapore’s SIA Cargo saw its operating loss widened by S$33m from S$12m to S$45m in the first half of the Asian carrier’s 2016-17 financial year.Freight carriage grew 7.3%, outpacing the capacity increase of 5.7%, resulting in an increase in cargo load factor by 0.9 percentage point to 61.6% for the ...
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Japan and China's taste for wine fuels seasonal Cargolux flights
Cargolux has arranged four freighter flights for one of the French wine industries biggest annual events - the yearly Beaujolais Nouveau launch - as demand for the product grows in Japan and China.As this year’s vintage is made available for tasting worldwide on the third Tuesday in November, Cargolux Airlines ...
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Air Canada adds Frankfurt to expanding freighter operation
Air Canada Cargo is continuing to expand its recently re-launched freighter operations with the introduction of Frankfurt to its network of all-freighter routes, with service between Frankfurt and Toronto commencing November 19. The weekly 767-300 freighter flights, operated by Cargojet through a wet lease agreement with Air Canada, are in ...