Airlines – Page 397
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IATA: overcapacity on the up, yields declining
IATA has warned that air cargo’s financial performance “remains poor and does not deliver adequate returns for investors”.The airline association’s 2015 first quarter Cargo eChartbook, while seeing continued positive demand for airfreight commodities, states that overcapacity has resulted in lower load factors and placed downward pressure on yields.Lower jet fuel ...
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Precision joint venture to convert B757-200
Precision Aircraft Solutions and Aerolease Aviation have acquired a B757-200 in a joint venture to convert the passenger jet into a high-payload, 15-position freighter.The aircraft was purchased from AeroTurbine, a subsidiary of aircraft lessor AirCap, but financial details were not released."This project is an exciting collaboration of two industry experts," ...
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Cargolux welcomes 12th B747-8F
Cargolux has taken delivery of its 12th Boeing 747-8 freighter, out of an order of 14.The Luxembourg-based all-cargo airline named its latest freighter Joe Sutter – Father of the 747, in honour of the man who designed the B747 in the 1960s.The naming honour came as a surprise to 94 ...
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Singapore is automatic choice for DHL south Asia hub
DHL Express has unveiled plans for a new South Asia Hub at Singapore’s Changi Airport. The S$140m investment is its largest ever infrastructure project in the country and is due for completion by the first quarter of 2016.With a total floor area of 23,600 sq m, the hub will have ...
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US freighter lessor ATSG sees "excellent" 2015 for air cargo
US-based freighter lessor Air Transport Services Group (ATSG) has highlighted “fundamental industry dynamics” that point toward “an excellent year for air cargo companies in 2015”.Nasdaq-quoted ATSG, the world's largest owner and operator of converted B767 freighters, reported 2014 fourth quarter adjusted pre-tax earnings up 19 per cent to $17.7mFourth quarter ...
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Gunning warns of continued excess cargo capacity
IAG Cargo boss Steve Gunning has warned that excess global air cargo capacity is likely to remain for the “foreseeable future”, with lower oil prices discouraging “capacity discipline” as older freighters continue to fly.Gunning said that excess capacity was a key driver for IAG Cargo’s decision last year to end ...
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'Extraordinary demand’ for B737 freighters, says PEMCO
BOEING 737s make wonderful regional, short-haul freighters. Cheap to acquire and with hundreds of ‘retired’ passenger units adding to the worldwide feedstock, conversions companies are struggling to keep up with current demand for the all-cargo versions.Of particular interest is this ruggedised, all-weather -400 derivative (Air Incheon, pictured right), a successful ...
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Aeroflot takes delivery of new B777-300ER
AEROFLOT has taken delivery of this new B777-300ER, named in honour of Ivan Bunin, the writer, poet and critic, who was the first Russian Nobel Prize winner for literature.It is the sixth aircraft of an order for sixteen B777s from the Russian flag carrier and will fly on routes to ...
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Pegasus appoints ABDA and Aviation Services as GSSAs
TURKEY’S Pegasus Cargo has appointed ABDA Cargo Services as cargo sales agent for its European operations and Aviation Services to cover the Balkans region.The freight division of the Turkish passenger carrier serves 78 destinations in 31 countries.ABDA becomes responsible for Austria, Denmark, France, Spain, Sweden and Switzerland, while Aviation Services ...
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Emirates opens Chicago route
EMIRATES is launching a daily B777-200LR service to Chicago’s O’Hare International Airport in August.It will become the airline’s ninth US gateway, following the commencement of services to Boston, Massachusetts this month.Chicago has long been a US destination Emirates has wished to serve, admits Tim Clark, president of the airline.“Like Dubai, ...
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Cathay welcomes call for third runway
CATHAY Pacific Airways has welcomed a Hong Kong government budget strategy, set out by financial secretary John Tsang, which highlights the need to strengthen the region’s competitiveness as an international hub and improve the business environment to achieve continued economic growth.John Slosar, the airline’s chief executive, has expressed his support ...
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China Southern Airlines’ first B777-300ER
CHINA Southern Airlines has taken delivery of its first passenger B777-300ER. The new aircraft is the first of 10 -300ERs the Asian carrier has on order from Boeing.Zhang Zifang, chief operating officer of China Southern, enthuses: "The B777-300ER's long-haul capability is a perfect fit for our network expansion plans as ...
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Cathay’s new freighter service to Columbus
CATHAY Pacific is augmenting its freighter operations in the USA with a twice-weekly scheduled service to Columbus, Ohio, from March.The new Hong Kong-Anchorage-Columbus-New York (JFK)-Vancouver-Hong Kong route will be serviced with a B747-8F.Cathay Pacific currently operates cargo services to 11 destinations in North America and flies to 43 freighter destinations ...
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Kalitta Air starts B747-400F services to New York
KALITTA AIR, in co-operation with Wallace Air Cargo Group/Inter Aviation Services and HAE Group, is to launch a twice-weekly B747-400F scheduled service to New York (JFK) from March.The new route – New York-Amsterdam-New York – is expected to capitalise on the strong demand for scheduled main-deck B747 freighter services linking ...
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Etihad strengthens Chengdu service
ETIHAD Airways is increasing the frequency of its Abu Dhabi-Chengdu service from five-flights-a-week to daily from 30 March.One of the biggest markets in China for attracting foreign direct investment (FDI), Chengdu has emerged as a leading economic, transportation and communications centre for the Asian country, with nearly half of the ...
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Air New Zealand moves to dnata
AIR New Zealand [ANZ] Cargo has switched its Heathrow ground operations to the new dnata City at the London airport.The flag carrier has moved into the purpose-built cargo logistics centre after 17 years at its previous handling unit.With an average monthly throughput capacity of 1.4 million kilos, dnata is additionally ...
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Overcapacity costs IAG Cargo
IAG CARGO suffered a revenue slump of nearly 12 per cent last year, in a business generally blighted by market shrinkage, over-capacity and unfavourable currency fluctuations.The merged entity of British Airways and Iberia saw cargo-tonne-kilometres [CTKs] drop by seven per cent in the period, as a big imbalance in supply ...
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Volga-Dnepr airlifts space module
VOLGA-DNEPR Airlines’ expertise in the movement of space cargoes has been called upon once again to transport this Pressurized Cargo Module (PCM) of the Cygnus re-supply spacecraft from Turin, Italy, to Wallops Island, USA.The PCM was packed into a special container and loaded onboard the airline’s An-124-100 Ruslan freighter along ...
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IAG Cargo launches B787 Austin, Texas route
BUSINESSES in Austin, Texas are benefiting from the launch of a new air-conditioned B787 IAG Cargo belly-hold connection with London Heathrow.The US city’s first ever regular transatlantic service, gives a direct air link between the hi-tech Texan hub and Europe.IAG Cargo has launched the service in part to help support ...
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Qatar Cargo freighters to Hyderabad, London and Zaragoza
QATAR Airways Cargo (QAC) is to launch scheduled dedicated freighter services to Hyderabad (India), London Stansted (UK) and is reinstating services to Zaragoza (Spain).Textiles, agricultural products, footwear, automobile and pharmaceuticals are among the commodities likely to be shipped on the carrier’s scheduled twice-weekly A330 freighter service to Zaragoza, which began ...