All Atlas Air articles – Page 5
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News
Atlas Air parks up B747Fs as market conditions take their toll
Atlas Air has parked four of its B747-400 converted freighters and plans to reduce the use of more widebody aircraft as it reports a loss for 2019.The aircraft lessor’s full-year results show a net loss of $293.1m, while revenues rose slightly to $2.7bn from $2.6bn a year earlier.The company said ...
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Air cargo still assessing the impact of coronavirus
The impact of the coronavirus on the air cargo industry is still uncertain, with demand under pressure but some expectations of an eventual surge in volumes.The coronavirus has now killed more than 560 in China, while there have been more than 28,000 confirmed cases.Many of China’s provinces have extended the ...
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Cargolux and Atlas Air predict a subdued airfreight market in 2020
The cargo freight market is likely to remain weak this year, industry leaders believe, as it remains hampered by overcapacity and weak growth in several regions around the world.“We see 2020 not improving significantly… There will be some capacity coming out of the market, so there is some balance coming, ...
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NewsFlexport alters air cargo strategy as supply chains diversify
Flexport has signed block-space agreements (BSAs) on freighter services from several Asian origins and cancelled its dedicated all-cargo service in light of changing supply chain strategies.For the last two years the San Fransisco-headquartered freight forwarder has offered a dedicated freighter between Hong Kong and Los Angeles operated originally by Western ...
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US carriers prohibited from Gulf of Oman and Persian Gulf airspace following military action
CLICK HERE FOR LATEST UPDATEUS airlines, including freighter operators, have been banned from flying over certain areas of the Middle East in light of the recent military action in the region and heightened political tension.The US Federal Aviation Administration last week issued a Notice to Airmen (NOTAM) prohibiting US aircraft ...
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EL AL Israel Airlines back in the freighter market with Atlas deal
Freighter operator Atlas Air and EL AL Israel Airlines have entered an agreement that will allow the Tel Aviv-based carrier to expand its reach and cargo lift for its customers through the use of a B747.As part of the ACMI (aircraft, crew, maintenance and insurance) agreement, Atlas Air will operate ...
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NewsAtlas 767 crash: Go-around mode activated after mystery ‘click’
Aerial view of main debris field during recovery operation. NTSBInvestigators probing the fatal Atlas Air Boeing 767-300 freighter crash near Houston have been trying to ascertain whether a sound captured on the cockpit-voice recorder signifies the activation of the go-around switch immediately before the accident sequence.The aircraft, which was flying ...
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Atlas Air Worldwide releases third-quarter figures
Atlas Air Worldwide has revealed its third-quarter results for this year.From January to September, the airline reported an income of $60m – less than its $71.1m income from the first nine months of 2018.In the third quarter of this year, the company's EBITDA (earnings before interest, taxes, depreciation, and amortization) ...
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NewsJim Forbes in Atlas Air Worldwide promotion
Jim ForbesAtlas Air Worldwide Holdings (AAWW) has promoted Jim Forbes to executive vice president and chief operating officer of US-based freighter lessor Atlas Air Worldwide, effective January 1, 2020.Forbes will succeed John Dietrich as chief operating officer when Dietrich assumes the role of AAWW chief executive, also effective January 1, ...
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NewsAtlas Air and Amazon face lawsuit over tragic B767 accident
This photo, taken on March 3, 2019, shows the recovered flight data recorder of the Atlas Air Flight 3591, a Boeing 767-300 cargo jet, that crashed in the muddy marshland of Trinity Bay Feb. 23, 2019, about 30 miles from Houston's George Bush Intercontinental Airport. (NTSB photo)Atlas Air and Amazon.com ...
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Amazon Air switches two freighters to ATSG from Atlas
Amazon Air has transferred the operation of two Boeing 767-300 freighters from Atlas Air to ATSG airline Air Transport International (ATI).Atlas confirmed the move and pointed out that the aircraft would still be dry leased to Amazon from its Titan Aviation Leasing unit.Atlas and Amazon said the move was linked ...
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Atlas to create 100 new jobs over the next five years
Aircraft lessor Atlas Air Worldwide Holdings has announced it will create 100 new jobs and expand its headquarter offices to accommodate its growing employee base.Atlas currently employs 568 professionals in New York and expects to retain those positions and create 100 additional jobs in the city over the next five ...
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Qantas Freight expands capacity with B747-8F duo
Qantas Freight has welcomed a new addition to its fleet with the first of two Boeing 747-8F freighter aircraft touching down in Sydney.The second aircraft will enter service later this week.The B747-8Fs will operate on Qantas Freight’s existing network between 10 key cargo hubs in Australia, China and the US, ...
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Atlas Air to expand Kentucky operations
Atlas Air is expanding its operations in Kentucky by taking a long-term lease on a new facility in Erlanger, near the Cincinnati/Northern Kentucky International Airport (CVG).The new centre is expected to open in 2021 and Atlas predicts it will almost triple its workforce in Kentucky to more than 900 people ...
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Flexport switches freighter flights to new operator
Freight forwarder Flexport has switched its transpacific air charter operation from Western Global to a service run by Plus Logistics, a Nippon Cargo Airlines (NCA) subsidiary, and Atlas Air.A spokesperson for the company said that the switch was made on July 8 without a single missed flight. Atlas Air operates ...
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Atlas expects more shippers to add their own air cargo networks
Shippers are expected to increasingly create their own air cargo networks as they look to enhance the control they have over their supply chains.Speaking at the Air Cargo Europe event in early June, Atlas Air Worldwide executive vice president and chief commercial officer Michael Steen said that the rise of ...
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Atlas pilots vow to fight on despite appeals court setback
Unions representing the pilots of Atlas Air and Polar Air Cargo have vowed to petition for a rehearing after a US appeals court ruled in favour of the aircraft operator over a work slowdown.Last week, the US Court of Appeals for the District of Columbia affirmed a Federal Court ruling ...
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Court rules in favour of Atlas in 'work slowdown' dispute
The US Court of Appeals for the District of Columbia has affirmed a Federal Court ruling that ordered Atlas Air pilots to end a work slowdown.The Federal Court had ruled that pilots should end slowdown practices such as leaving the gate on time - when it was possible for them ...
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Bill Flynn to retire as Atlas Air Worldwide CEO
Atlas Air Worldwide Holdings has announced that President and Chief Executive Officer William Flynn will retire from the company on January 1, after a 13-year tenure, and become Chairman of the Board on that date.The board has appointed John Dietrich, current Executive Vice President and Chief Operating Officer, as Flynn’s ...
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Amazon to lease 15 more freighters from GECAS as it ramps up delivery operation
E-commerce giant Amazon has announced it will lease a further 15 B737-800 converted freighters from lessor GECAS as it continues to invest in "fast, free shipping" for customers.Today, at the International Paris Air Show, the company announced a partnership with GECAS to lease an additional fifteen Boeing 737-800 cargo aircraft, ...