All articles by Damian Brett – Page 125
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News
Menzies expands cargo handling presence in Central America
Aviation services company John Menzies has expanded its cargo handling presence in Central America through an investment in Interexpresso.The deal will see Menzies take a 51% stake in the Costa Rica-based handler, which specialises in cargo handling and aviation security services, primarily consisting of cargo document handling, cargo security screening ...
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News
No plans to sell DB Schenker as DSV rumours resurface
DB Schenker has said there are no current plans to sell the company as rumours of DSV Panalpina's interest in the Deutsche Bahn-owned forwarder resurfaced.Earlier this week, DSV Panalpina chief financial officer Jens Lund told Danish publication Shipping Watch that the company would be interested in holding talks with state-owned ...
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News
Air cargo faces China supply chain disruption
New Covid quarantine rules for cargo workers at key gateways in China are putting air cargo supply chains under pressure.Over the last few weeks, Covid cases in China have begun to pick up as the country contends with the contagious Delta variant of the virus.To contain outbreaks, lockdowns and stricter ...
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News
Tech Summer event examines air cargo's digital future
Air cargo booking portal CargoAi recently held its Tech Summer event, a series of webinars over three days bringing together industry experts to discuss the latest digital developments in air cargo.After the event, Air Cargo News caught up with some of the participants to find out more about the challenges ...
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NewsBBAM and EFW confirm A320/A321 conversion numbers
Source: Titan AirwaysLeasing firm BBAM has ordered a minimum of 20 Airbus A320/A321 Passenger-to-Freighter (P2F) conversions per year through to 2025 from EFW.The order volume translates into a minimum of five slots per year, although the partners did not specify how these would divided up between the aircraft types.The agreement ...
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News
DSV Panalpina targets growth after completing Agility GIL deal
DSV Panalpina has completed the takeover of the logistics arm of Agility - Global Integrated Logistics (GIL) — in a deal with an enterprise value of around $4.8bn.The all-share deal will see Agility gain 8% of the total shares in the combined entity making it DSV Panalpina's second largest shareholder.The ...
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News
Ex-AA Cargo boss Butler takes CFO role at Gatwick Airport
Gatwick Airport has appointed American Airlines' ex-head of cargo Jim Butler as its new chief financial officer.Butler will take up the new role in September and will also join the board of Gatwick Airport Limited.He has more than 20 years experience in the airline industry, with several years spent in ...
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News
DHL to stick with an opportunistic approach to acquisitions
Deutsche Post (DP) DHL will maintain an opportunistic approach to freight forwarding acquisitions despite the spate of takeovers recently announced by some of the company's peers.Speaking after the delivery and logistics giant last week revealed its half year results, DP DHL chief executive Frank Appel was asked whether the company ...
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News
Cargojet continues international expansion with 21Air investment
Cargojet has invested in a minority share of US freighter operator 21Air as it looks to grow internationally.Cargojet will acquire a 25% interest in 21Air and will "continue to collaborate with 21Air on mutually beneficial opportunities in this expanding air cargo market".21Air is certified by the US Federal Aviation Administration ...
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InsightsCLIVE: Carriers tweak capacity as load factors weaken in July
Air cargo dynamic load factors hit their lowest level since the start of the Covid-pandemic in July as the industry entered the summer slack season, according to the latest figures from CLIVE Data Services.CLIVE data shows that dynamic load factors stood at 66% in July, which is down by three ...
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InsightsOngoing boost from shipping and bellyhold shortages for freighter operators
A slow recovery in belly capacity and higher rates in ocean shipping are expected to boost air cargo for the coming years, according to Boeing’s Tom Crabtree.Speaking to Air Cargo News, Crabtree, who is regional director, Boeing Commercial Airplanes market analysis — air cargo, said that air cargo demand had ...
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NewsIAI starts structural work on first B777 conversion
Source: IAIIsrael Aerospace Industries (IAI) has started structural modification work on the first B777 freighter conversion on behalf of programme partner GE Capital Aviation Services (GECAS).The aircraft maintenance firm said that the beginning of work marks the end of the development process and the start of the structural and systems ...
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News
Crew quarantine measures hold back Cathay Pacific Cargo in H1
Hong Kong quarantine restrictions took their toll on Cathay Pacific's first-half performance with revenues and volumes all declining compared with a year earlier.The airline saw its first-half cargo revenues decline by 0.6% on last year to HK$11.1bn, while cargo revenue tonne kms (RFTK) were down 20.1% to 3.3bn and the ...
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NewsPartners Delta and Virgin re-sign with dnata for UK cargo handling
dnata Heathrow City East Phase 2. Source: Virgin AtlanticVirgin Atlantic Cargo and Delta Cargo have extended their cargo handling contract with dnata at seven UK hubs for another five years.The extended contract covers ground handing and export services from the airlines' joint London Heathrow hub and Manchester Airport as well ...
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NewsMIC Cargo adds new facility in Chicago to combat congestion
Edip Pektas, MIC Cargo, and Des Plaines Mayor Andrew Goczkowski. Source: MIC CargoMIC Cargo has opened a new air cargo import facility close to Chicago O'Hare Airport as demand to the US airport surges.The cargo handler's chief executive Edip Pektas said that it decided to open the new building ...
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News
Aviation Holdings III to add more B737-800 conversions
Aviation Holdings III Investments has placed an order for more freighter conversions with Aeronautical Engineers, Inc (AEI).The lessor has ordered a further three B737-800SF conversions from AEI in addition to the three announced in March.Upon completion of this order, Aviation Holdings will own a total of 11 AEI B737-800SF freighters.The ...
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NewsAvianca Holdings adds new cargo head as sector's importance grows
Gabriel Olivia. Source: AviancaAvianca Holdings has appointed Gabriel Oliva as executive vice president and head of its cargo unit.Oliva, who will take up the role on August 18, has more than 20 years of experience in executive positions in a range of industries, with over 10 years of experience in ...
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News
Silk Way West interlines with Astral as it looks to Africa
Silk Way West Airlines has signed an interline agreement with Astral Aviation as it looks to offer destinations in Africa.The two freighter operators will use Dubai World Central as a transit point for cargo being transferred between the two airlines.Astral will connect Dubai to Nairobi where cargo can then be ...
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News
Titan Airways' new Malta business to add freighters
Titan Airways has set up a new Maltese airline that will operate A321 freighters as it looks to establish a presence in the European Union.The new Maltese AOC will begin operations utilising an A321-200 passenger aircraft but two A321P2Fs will join the fleet this the summer.Another two EFW A321 conversions ...
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News
Cargo-partner expands in Australia with ACF move
Cargo-partner has continued its expansion with the purchase of Australia-based forwarder Associated Customs & Forwarding (ACF).ACF is an IATA-accredited service provider for air and sea freight, customs brokerage and contract logistics.The company operates 3,000 sq m of warehouse space in Sydney, including a bonded warehouse with in-house customs clearance as ...