All articles by Damian Brett – Page 52
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News
Strong market recovery helps Titan Airways to post record year
UK charter carrier Titan Airways returned to profit for the 12 months ending March 2023, a year in which it posted record revenues of £187m.The improved performance, disclosed in accounts filed with the UK’s Companies House, was driven by a boosting of its fleet utilisation amid the return of regular ...
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NewsIATA reports improving air cargo market in June
Air cargo volume declines narrowed to their lowest level of the year in June with hopes that lower levels of inflation could aid economic recovery.The latest figures from IATA show that in June air cargo demand decreased by 3.4% year on year, while capacity was up 9.7% and the average ...
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NewsWestern Global files for chapter 11 bankruptcy protection
Source: Carlos Yudica/ShutterstockTroubled US freighter operator Western Global Airlines (WGA) has filed for Chapter 11 bankruptcy protection as part of efforts to stabilise operations.Following on from reports last week that the airline had reached a bankruptcy financing deal, WGA today confirmed that it had filed for the protection whilst also ...
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News
Air cargo set for slow recovery as it reaches the bottom
Air cargo volume declines have bottomed out but are expected to remain in the doldrums for a while yet.Writing in the latest Baltic Exchange air cargo market newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel said that the company felt ...
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NewsMASKargo adds dolly tracking technology
Source: MASKargoMASKargo has begun tracking dollies at its Kuala Lumpur hub as part of efforts to improve operational efficiency.The Malaysia-based airline said it had fitted a digital tracking system on its 20ft dollies at the airport that has a geofencing alarm with 1.5 km coverage.The system increases dolly utilisation by ...
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InterviewsDFW goes big on expansion as it reaches capacity
Dallas Fort Worth International Airport (DFW) is investing in new cargo facilities to address its capacity conundrum and target growth. Earlier this year, DFW announced that it had selected two tenants - Menzies Aviation and dnata USA - for its legacy 19th Street Cargo facility redevelopment. While the development of ...
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NewsLooking back – and ahead
March 16, 1983, saw the launch of a new title covering the airfreight industry: the fortnightly Air Cargo News International.The publication was the brainchild of Ray Crane and Nigel Tomkins, who developed the idea for an air cargo newspaper after meeting at a rugby match.Much has changed over the intervening ...
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News1983-1992: A decade of M&A
As part of efforts to celebrate 40 years of Air Cargo News, the editorial team set themselves the unenviable task of reviewing the biggest stories over the past four decades. To begin, 1983-1992.March 16, 1983 saw the launch of a new title covering the airfreight industry – the fortnightly Air ...
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News2003-2012: Crisis management
Political events and the realities of climate change drove more change in air cargo in the early years of the century. Meanwhile, news broke that competition authorities were investigating a price‑fixing scandal.The 10-year period running from 2003 to 2012 was a testing time for the air cargo industry. It was ...
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NewsWhere now for air cargo?
“Firstly, I shall say that I have the pleasure to be looking at the future of the industry from the comfort of a beach hammock somewhere in the world,” Tiaca director general Glyn Hughes tells Air Cargo News (ACN) when he sits with us to share his thoughts on what ...
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InterviewsDB Schenker aims to keep its freighters flying
How did Covid change airfreight and how can the logistics industry protect and maintain air cargo supply chains during any future pandemic? Those are the questions being considered by air cargo professionals and their customers as Covid-induced supply chain disruption and sky-high airfreight rates become a footnote in history. Freight ...
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News
Envirotainer majority owner invests in va-Q-tec
Pharma ULD firm Envirotainer will be combined with packaging company va-Q-tec following the latter's majority purchase by EQT Private Equity.The private equity firm had its majority takeover offer of va-Q-tec approved by the Austrian Federal Competition Authority on June 30 and the German Federal Competition Authority on June 12.EQT said ...
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NewsIAG Cargo revenues back at 2019 levels in Q2
IAG Cargo saw its cargo revenues decline in the second quarter on the back of lower yields while volumes continued to rise (see table at end).The airline group reported a 31.9% decline in second-quarter revenues to €280m while traffic increased by 15.8% on last year to 1.1bn cargo tonne km ...
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NewsIncheon Airport's new CEO targets cargo
Incheon International Airport's new chief executive Hag Jae Lee is making cargo development at the South Korean airport one of his key priorities.Lee graduated from Seoul National University and earned master’s and doctoral degrees from Chung-Ang University. He has previously served as the mayor of Incheon Metropolitan City’s Seo-gu Office, ...
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News
Amerijet utilises tech to optimise cargo volumes
Freighter operator Amerijet International has selected Quantum-South to provide aircraft load optimisation technology to ensure aircraft are fully utilised.Quantum-South's solution helps to optimize container placement to maximise transported weight, volume, priority mix, or revenue mix, with a focus on Center of Gravity (CoG) optimisation.Another module selects shipments for each flight ...
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News
Airlines and associations fight to overturn Schiphol flight cut ruling
Airlines and industry associations will institute cassation proceedings against the judgement of the Amsterdam Court of Appeal to allow a reduction in the number of flights at Schiphol Airport.Earlier this month, the Court of Appeal overturned a decision to block plans to cut flight departures at the Dutch hub from ...
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NewsDANX Carousel partners with ELECTRON on electric freighter
Source: DANX CarouselDANX Carousel has invested in aircraft manufacturer ELECTRON as the company looks to develop an electric freighter.The Electron 5 aircraft is designed to transport 500 kg of cargo around 500 km on a single battery charge and can achieve speeds of up to 300km per hour."With its requirement ...
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News
Qatar Cargo selects PROS for real-time pricing
Qatar Airways Cargo has implemetned PROS' Smart Price Optimization and Management solution to offer customers real-time pricing on its booking platform.The real-time pricing engine offers immediate online booking confirmation and personalised pricing using artificial intelligence on the cargo airline's Digital Lounge platform.Customers can price and book cargo shipments without the ...
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NewsUPS reaches agreement with unions to avert strike action
Copyright: UPSUPS and the Teamsters union have come to a tentative agreement over new pay and working conditions.The express giant had been facing potential strike action by around 340,000 union members when the current agreement expires on July 31.However, the two groups yesterday announced the "historic" agreement, which includes more ...
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News
IATA hits out at proposed Brussels night flight ban
Airline association IATA has labelled plans to introduce a night flight ban at Brussels Airport as premature.In mid-July, Belgian mobility minister Georges Gilkinet proposed a ban on night flights at the airport between 11pm and 6am from October 2024.IATA said the curfew would predominantly hit cargo flights, which would in ...