All articles by Damian Brett – Page 70
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NewsEtihad and Astral partner on Nairobi cargo flights
Source: Etihad CargoEtihad Cargo and Astral Aviation have signed a new partnership that will help expand the Middle Eastern carrier's presence in the African market.As part of the memorandum of understanding, Etihad Cargo will benefit from cargo capacity out of Nairobi via the introduction of additional services from Nairobi to ...
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Frankfurt-Hahn Airport sale falls through
New buyers are being sought for Frankfurt-Hahn Airport group after a deal with Swift Conjoy fell through.Currently in administration, the Group was due to be sold to Swift Conjoy, a joint venture between real estate firm Swift Holding and aviation specialist Conjoy Investment Partners.However, administrators Brinkmann & Partner on Sunday ...
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NewsGCL accelerates its expansion with automotive acquisition
Source: Global Critical LogisticsGlobal Critical Logistics (GCL) has acquired UK-based Classic Automotive Relocation Services (CARS) as it looks to expand its geographical presence and customer base.CARS is a specialist in the shipment of historic and rare vehicles by road, air, and seafreight, operates a network of specialist storage facilities and ...
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NewsIATA: Mixed outlook as volumes decline again in December
Air cargo volumes declined for the tenth month in a row in December and there are mixed signals for the year ahead, according to IATA.Figures from the airline association show that demand in cargo tonne km (CTK) terms declined by 15.3% year on year in December and by 8% for ...
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NewsEverts Air Cargo to convert an MD-88 to expand fleet
Source: AEIEverts Air Cargo is expanding its fleet with the conversion of an MD-88SF into a freighter configuration through Aeronautical Engineers, Inc. (AEI).The aircraft will commence conversion in March 2023 with modification touch labor being performed by Dothan, Alabama-based, Commercial Jet, which is an authorised AEI Conversion Center.Everts will use ...
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NewsScan Global Logistics outlines benefits of new majority owners
Source: Scan Global LogisticsScan Global Logistics is hoping that its new majority owners will help the company achieve its ambitious growth plans as it strives to reach $5bn in annual revenues.Earlier today, the fast-growing freight forwarding company announced that private equity fund CVC Capital Partners Fund VIII (CVC) had purchased ...
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NewsDHL and Cainiao to partner on e-commerce in Poland
William Xiong, Cainiao Network and Pablo Ciano, DHL eCommerce Solutions. Source: DHLDHL eCommerce Solutions is purchasing part of the equity securities of Cainiao's subsidiary in Poland as the companies look to partner on investments in the country.Following the completion of the transaction, the two companies plan to invest €60m to ...
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NewsPortal cargo.one makes cuts as it realigns to economic conditions
Online booking portal cargo.one has announced the loss of 16 members of staff as it adopts a more cautious strategy in light of a weakening macroeconomic environment.Moritz Claussen, founder and co-chief executive of cargo.one, said that the company remained incredibly grateful to the members of staff that were leaving and ...
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CVC takes majority stake in fast-growing Scan Global Logistics
Fast-growing freight forwarder Scan Global Logistics has a new majority shareholder in the shape of private equity fund CVC Capital Partners Fund VIII (CVC).CVC has acquired the shareholding from an investor group led by AEA Investors Small Business Private Equity (AEA) but details of the transaction were not released.AEA will ...
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InsightsAir cargo outlook: challenging market ahead
It’s been an interesting period for the air cargo industry as volumes have been trending downwards since the first half of last year, while the capacity situation continues to change and rates remain above pre-Covid levels despite recent declines.The fall in volumes reflects high inflation that is affecting consumer spending, ...
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NewsDSV reports on a strong year
Denmark-headquartered supply chain services provider DSV has revealed strong results for 2022, which it said had been driven by “good performance across all our business areas”.Over 2022, its gross profit increased by 33%, while earnings before interest and taxes (EBIT) before accounting for special items rose by 48%.DSV’s Air & ...
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NewsIs the freighter market facing a bubble?
Source: Air Cargo NewsDuring a debate at the World Cargo Summit the question was raised as to whether the freighter market was becoming a bubble.Speaking to delegates during the break there were many that had this same question given the number of aircraft that had been ordered over the last ...
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Etihad Cargo mulls B777 freighter conversions
Etihad Cargo is considering converting some of its B777 passenger aircraft into freighters.Speaking to Air Cargo News on the sidelines of the World Cargo Summit, Etihad Airways vice president cargo commercial Tim Isik explained that the carrier had five B777s that were planned to be retired but had been called ...
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NewsEtihad Cargo: Partnerships key as industry faces overcapacity and lower predictability
Source: Air Cargo NewsRaising standards, developing new offerings and services and partnerships are key for Etihad Cargo over the coming years as the industry faces a changing market.Speaking at the first in-person World Cargo Summit, Etihad Aviation Group senior vice president sales and cargo Martin Drew said challenges faced by ...
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Sponsored ContentSponsored: Middle Eastern airline chooses ITTS as the go-to compliance tool
A leading Middle Eastern airline has chosen ITTS as its leading compliance tool. Read on to find out why and discover the many benefits of ITTS.The International Trade and Transport Compliance Solution (ITTS) has been selected as the compliance management software for air cargo by a leading airline in the ...
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NewsDB Schenker in it for the long-haul with cargo charter network
Source: Air Cargo NewsDB Schenker will continue its air cargo charter operation for the long-term and expects other forwarders to do the same despite recent market weakness.Speaking to more than 400 delegates at a busy World Cargo Summit, DB Schenker global head of airfreight Asok Kumar outlined Covid-related developments that ...
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NewsZongteng's new Paris freighter to be handled by WFS
Source: WFSE-commerce logistics group Zongteng Group has selected WFS to handle its new freighter flights between China and Paris.The service will utilise a B777 freighter operated by Central Airlines from Shenzhen to Paris Charles de Gaulle and will provide around 15,000 tonnes of annual capacity.Zongteng expects to add a second ...
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Dutch aviation groups hit out at current emission ceiling plans
The Dutch air cargo sector along with leading airlines, airports and aviation groups have hit out at new Dutch government plans to limit CO2 emissions from flying saying there are better alternatives.Air Cargo Netherlands (ACN) along with airlines, airports and a range of aviation groups have written to the Dutch ...
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Teesside Airport approved for perishable handling
Teesside International Airport in the UK has been approved as a Border Control Point (BCP) meaning it can handle perishable produce such as flowers, fruit and vegetables.The airport said that the approval comes just in time for Valentine’s Day and that it is now in talks with several "world-leading importers ...
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Rhenus UK urges exporters to prepare for new customs system
Logistics firm Rhenus UK is urging exporters to prepare for the switch over to the UK's new customs system due to happen later this year.It is planned that the new Customs Declaration Service (CDS) will replace the existing CHEIF platform on November 30, following on from the switchover for imports ...