Airlines – Page 346
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News
Egyptair flight missing
An Egyptair Airbus A320 (flight MS804) with 66 people on board has gone missing on a flight from Paris to Cairo, with news agency reports that it has crashed in the Mediterranean Sea around 30 miles north of the Egyptian coast.On board are 7 crew, 3 security guards and 56 ...
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Asian lessor BOC Aviation to list on Hong Kong with IPO
Aircraft lessor BOC Aviation is to list its shares on the main board of the Hong Kong Stock Exchange after launching a US$1.1bn initial public offering (IPO).The HK$42.00 price per share will raise net proceeds of approximately US$547m for Singapore-based BOC Aviation and a similar amount for Bank of China, ...
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Atlas, Southern and Polar pilots vote to authorise strike action
Pilots working for Atlas Air, Southern Air, Polar Air, ABX and Kalitta have voted in favour of authorising their unions to call strike action.Nearly 2,000 pilots, representing 93% of union members, at the five US cargo carriers voted online through anonymous balloting in April and May, with 99% of voters ...
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Wizard of Oz: An-225 makes its debut in Australia
Antonov’s An-225 (Mriya) freighter has landed for the first time in Australia when it touched down in Perth with a 117 ton generator on board.The charter of the world’s largest capacity freighter aircraft was organised by DB Schenker, and the special event saw thousands of onlookers gathered near the western ...
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UPS partners with drone project for healthcare supply chains in Rwanda
UPS has formed a partnership with medical alliance Gavi and robotics firm Zipline to explore the use of unmanned aircraft to deliver vaccines to remote locations in Rwanda.The UPS Foundation has awarded an $800,000 grant to support the launch of the Gavi and Zipline initiative, with the belief that the ...
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Qatar ups stake in IAG to 15.01%
Qatar Airways has raised further its stake in British Airways-owner International Consolidated Airlines Group (IAG) to 15.01% and may consider acquiring more of the company over time, the airline told Reuters.Less than a month ago Qatar Airways raised its stake in IAG to just under 12% from 9.99%.Speaking at a ...
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Freighter conversion bonanza continues as mystery customer signs up for 30 B737s
Aeronautical Engineers, Inc has signed an agreement to provide up to 30 twelve pallet position Boeing 737-800SF conversions with an undisclosed customer.The agreement includes 15 firm orders with an additional 15 options. The modifications for the customer will begin in late 2018 with deliveries beginning in 2019.To date, and including ...
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YTO Express Airlines reveals international ambitions
Recently launched YTO Express Airlines has revealed the extent of its global ambitions after its chairman unveiled plans for widebody freighter orders that will be used to create international services.Chairman of express firm YTO, Yu Weijiao, told China Daily that the airline would order at least three widebody freighters for ...
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NewsAmerican cargo carriers monthly: Demand improvements for American and United
US air cargo carriers recorded signs of improvement in April as American Airlines and United Airlines both saw cargo volumes return to growth.The increase registered by American and United is the first time since September last year that two of the three big American cargo carriers have registered a year-on-year ...
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Tough times continue for SIA Cargo as it records operating loss
SIA Cargo saw full-year operating losses deepen during its last financial year as tough market conditions weighed down performance.During the financial year ended March 31, the Singapore-based airline recorded an operating loss of S$50m compared with a S$22m loss during the same period 12 months earlier.SIA Cargo said its operating ...
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Work gets under way on GECAS 737-800NG conversion programme
GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE, has begun its inaugural Boeing 737-800NG passenger-to-freighter conversion.The conversion, which is being carried out by Aeronautical Engineers, began when a 1999 vintage B737-800 arrived in Miami on May 5.The aircraft had been operated by Corendon Airlines in ...
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Air Canada Cargo meets Envirotainer standards at seven stations
Air Canada Cargo has received accreditation from Envirotainer at seven facilities to show it meets certain ULD and cold chain shipment handling standards.The Canada-based airline achieved the Qualified Envirotainer Provider (QEP) accreditation at its main Toronto Pearson Airports hub as well as at its facilities in London Heathrow, Paris CDG, ...
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NewsEuropean monthly: A new hope as European airlines return to growth
Europe’s major cargo carriers have seen cargo volumes return to growth in April after a difficult start to the year.All four major European airlines monitored in the Air Cargo News monthly spotlight recorded a year on year increase in demand in April for the first time since March 2014.It follows ...
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IAG's double-digit Middle East capacity expansion
IAG Cargo is hoping economic growth in Bahrain and the Qatar 2022 football world cup project will help fill a double-digit expansion of capacity on its Middle East services.The airline has announced that from winter 2016, it will separate its current Abu Dhabi and Muscat service into two flights and ...
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NewsCargojet returns to profit in Q1
Cargojet’s contract with Canada Post finally started to pay dividends in the first quarter of this year as the company returned to profit.The Canada-based aircraft lessor and operator saw first quarter revenues increase by 42.1% year on year to C$76.9m, while it recorded a net profit of C$4.4m compared with ...
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ATSG reports on first-quarter upturn and positive Amazon effect
Air Transport Services Group (ATSG), the Wilmington, Ohio-based provider of medium wide-body freighter aircraft leasing and transport services, has revealed its first-quarter financial results, reporting improved revenue compared to the same period of 2015 as well as record adjusted earnings for a first quarter.Over the three months up to March ...
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American hits the highs in April
American Airlines flew a total of 202,473 cargo ton-miles in April, up by 5.5% on the same month of last year.The carrier flew 745,889 cargo ton-miles over the first four months of this year, just a marginal 0.1% increase on the same period of 2015.American Airlines made cargo-related revenue of ...
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AF-KLM reveals stable April freight figures
Air France –KLM Cargo (AF-KL Cargo) flew 709 million revenue tonne-km in April this year, up by 0.9% on the same month of 2015.And, with capacity down by 2% year on year to reach just less than 1.2 billion available tonne-km, the load factor rose by 1.7 percentage points to ...
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West Atlantic battles through tough conditions
West Atlantic, the Gothenburg-headquartered dedicated cargo airline specialising in integrated mail and express freight solutions, has reported fairly positive results for its 2015 operations, despite facing market headwinds.Over the course of the year, West Atlantic undertook almost 27,000 flights across a network of approximately 50 scheduled destinations, mostly in support ...
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Investec closes $1 billion A380 aircraft deal with Emirates
The aviation financing arm of Investec Bank’s has completed an operating lease transaction with Emirates Airline worth a cool US$1bn.The deal facilitated the delivery and sale and leaseback of four A380-800s to Emirates over the course of the past four months. The aircraft involved are of 2013 and 2016 vintages, ...