Business – Page 40
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News
‘Cargo-centric’ strategy reaps record revenue for China Airlines
China Airlines has disclosed record cargo revenues for 2021, as it doubles down on what it calls a “cargo-centric business model”.For the full year, the Taiwanese carrier says cargo revenue surpassed NT$100bn ($3.6bn), the highest in its 62 years of operations.China Airlines also stated that freighter revenue in December hit ...
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News
Bluebird pursues widebodies with Boeing 777-300ERs
Icelandic ACMI leasing and airfreight company Bluebird Nordic will lease three Boeing 777-300ER aircraft in an effort to expand its widebody cargo ACMI operations.Avia Solutions Group-owned Bluebird Nordic concluded the lease agreements at the end of December. At present, the aircraft are in passenger configuration but will be converted into ...
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NewsShenzhen Bao’an cargo exceeds 1.5m tonnes
Shenzhen Bao’an International Airport. Copyright: 準建築人手札網站 Forgemind ArchiMedia, CC BY 2.0 , via Wikimedia CommonsShenzhen Bao’an International Airport’s cargo handling volume exceeded 1.5m tonnes in 2021.The local transport bureau said cargo throughput is up 12% year on year, according to China’s state press agency, Xinhua.Shenzhen handled about 318,000 flights last ...
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NewsPhilippines Airlines bounces back from bankruptcy
Philippines Airlines Airbus A340-313X. Copyright: Toshi Aoki - JP Spotters, CC BY-SA 3.0 , via Wikimedia CommonsPhilippines Airlines (PAL) has emerged from bankruptcy proceedings with a new focus on growing air cargo.The airline has exited chapter 11 of the United States Bankruptcy Code voluntarily, having successfully completed its financial restructuring ...
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NewsAtlas Air orders Boeing 777 freighters
Atlas Air Worldwide Holdings, Inc. has ordered four new Boeing 777 freighters, with the first due for delivery in November.The company, which reached a quarterly revenue record of $1bn in the third quarter of 2021, said the order of the 777-200LRFs is in response to strong customer demand for dedicated ...
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NewsEtihad Airways signs MoU for UAE-China air cargo
Etihad Airways and Henan Province Airport Group have signed an air cargo MoU. Photo: Etihad AirwaysEtihad Airways and Henan Province Airport Group plan to establish a strategic partnership that will boost air cargo business between the UAE and China.The national airline of the UAE and the parent company of Zhengzhou ...
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News
K+N targets Africa with network expansion
Freight forwarding giant Kuehne+Nagel (K+N) has expanded its presence in Africa through the addition of several new offices across the continent.The Switzerland-headquartered company told Air Cargo News that it began the expansion project in 2021 with the second phase being completed this year.In total, K+N has added 10 countries to ...
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NewsSupply chain issues continue to weigh down air cargo growth
Ongoing supply chain issues continued to weigh down air cargo demand growth in December but rates continued to surge.According to figures from CLIVE Data Services, air cargo demand in December - traditionally the peak season - fell by 5% compared with the same month in 2019 (used for comparison to ...
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InsightsSupply chain spotlight: 2021 UK air cargo review
2021 proved to be a vital year for the air cargo industry; ongoing sea shipping disruption saw many companies utilise airfreight as a quick and reliable way to transport goods, with airfreight prices soaring to two-and-a-half-times higher than pre-pandemic levels. Alongside soaring demand, Brexit and decarbonisation continued to remain challenges ...
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NewsAir Cargo News' most read stories in 2021
Last year was another busy 12 months for the air cargo industry, with COVID-19 continuing to take its toll on supply chains.Some of the challenges facing the industry were modal shift, COVID shutdowns, rising demand and ongoing capacity shortages but once again air cargo came through, playing a key role ...
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NewsPhiladelphia secures funding for cargo expansion
Philadelphia International Airport. Copyright: Piotrus, CC BY-SA 3.0 , via Wikimedia CommonsUS Federal Government funding will help Philadelphia International Airport (PHL) roll out its $1.2bn cargo expansion programme.Infrastructure Investment and Jobs Act funding awards for fiscal year 2022 will see the City of Philadelphia Division of Aviation receive $30,721,947 for ...
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NewsQatar Airways launches legal battle
Qatar Airways is seeking a US$600m payout from Airbus following issues with its Airbus 350 fleet. Photo: AirbusQatar Airways has issued legal proceedings against Airbus in the Technology and Construction Court of London's High Court of Justice.The airline said it has taken the action because it has “failed in all ...
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News
Delta Cargo looks to technology in 2022
Technology development will be prioritised by Delta Cargo next year with a “dynamic pricing engine” set for launch.Rob Walpole, vice president at Delta Cargo, said the business has made digitalisation progress, but it aims to further provide differentiated products and services for customers.“We already have a few initiatives teed up ...
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NewsSupply chain cash flow made easier
Image source: PixabayPayCargo Capital has secured a substantial lending alliance that will enable freight forwarders and beneficial cargo owners to apply for and receive credit right at the point of paying freight costs.The partnership between PayCargo Capital and Evolve Bank & Trust will immediately fund the “PayCargo Line of Credit”, ...
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News
Bolloré in talks to sell Africa logistics business
The Bolloré Group is holding talks with container shipping giant MSC over the sale of its African logistics division.The French company said that it had received an offer from MSC to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa, on ...
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NewsTata Group's Air India acquisition approved
Air India plane. Copyright: aeroprints.com, CC BY-SA 3.0 , via Wikimedia CommonsThe Tata Group’s acquisition of Air India has been approved by the Competition Commission of India (CCI).Following the divestment of Air India Limited (Air India), the Tata Group has won a bid to acquire the entire company, including the ...
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NewsAirbus secures another A350F order
Copyright: Airbus S.A.S. 2021 - computer rendering by FIXION - MMS - 2021Airbus’ bulging order book for its A350F production line has secured another customer, with Air France-KLM signing a Letter of Intent (LOI) for four A350Fs and purchase rights for an additional four aircraft.The order, which aims to increase ...
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NewsCSafe Global acquires packaging provider
Softbox Systems is a passive packaging provider for the pharma and cold chain logistics industries. Photo: Softbox SystemsTemperature-controlled container firm CSafe Global has acquired Softbox Systems, a passive packaging provider for the pharma and cold chain logistics industries.Terms of the transaction were not disclosed. The combined company will operate globally ...
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News
Hellman suffers cyber attack data breach
Hellman Worldwide Logistics has confirmed that data from its servers was “extracted” during a recent cyber attack.Following the cyber attack on December 9, Hellman took its systems offline, however, an investigation by the company has now confirmed data was accessed prior to this action.“We are currently investigating what type of ...
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NewsCyber attack victim bounces back
Photo: Hellmann Worldwide LogisticsOperations are “largely running again” for Hellmann Worldwide Logistics following a cyber attack, but a data breach cannot be ruled out.Hellmann Worldwide Logistics confirmed the cyber attack on December 9, though it was unable to confirm whether any data has been leaked. The company has not named ...