All articles by Damian Brett – Page 87
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News
Lufthansa Cargo expands network with additional freighters
Lufthansa Cargo is adding new flights to its all-cargo network as it continues to take delivery of freighter aircraft.The Frankfurt-hubbed carrier will add another B777 freighter into service at the end of the month, while a second A321F will begin flying in October.Lufthansa Cargo said delivery of the aircraft will ...
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News
IATA and animal charity develop pet transport recommendations during crisis
Animal protection organisation Humane Society International and IATA have published a set of recommendations to governments and supply chain players to assist in the transport of animals during times of crisis.The considerations are based on the IATA Live Animals Regulations and cover documentation, facility provision and collaboration.On documentation, the partners ...
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NewsNewcastle International targets cargo with new appointment
Aileen Wallace. Source: Newcastle International AirportNewcastle International Airport in the UK has appointed Aileen Wallace as cargo business development manager as it seeks to expand its cargo connections.Wallace will work with businesses and other key stakeholders across the region to further develop cargo opportunities from the north east’s largest airport.She ...
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NewsHermes appoints senior product manager
Terry McGregor, Hermes. Source: HermesHermes Logistics Technologies (HLT) has appointed Terry McGregor as senior product manager.Hermes said that the appointment is "part of a wider strategy to grow the company’s senior leadership team and strengthen technical expertise at the top level".McGregor will head the technology firm's product team in the ...
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NewsDB Schenker expands charter network with South America flights
Credit: DB Schenker/Marc WagenerDB Schenker has expanded its charter operation with flights to South America as it looks to provide stable supply chain operations.The weekly flight leaves Europe on a Sunday night operating on a route of Amsterdam (AMS), New York JFK (JFK) and Miami (MIA) on Monday before reaching ...
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News
Frankfurt reports drop in cargo volumes in H1
Europe's busiest cargo airport saw cargo volumes drop in the first half of the year as Covid lockdowns in China and the war in Ukraine took their toll on cargo demand.Airport operator Fraport said that during the first six months of the year cargo demand declined by 11% year on ...
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News
CargoAir continues fleet update with B737-800 conversions
Bulgaria-based CargoAir has ordered its fourth B737-800SF freighter conversion from Aeronautical Engineers, Inc (AEI) as it continues its fleet "revitalisation".The aircraft, (MSN 30883) is slated to commence modification at the end of October 2022, with all conversion-related touch labour to be performed by the authorised AEI conversion centre, Commercial Jet ...
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News
Cargo expansion helps Titan Airways to narrow losses
The delivery of new cargo aircraft helped UK-based freighter operator Titan Airways to narrow its losses and record revenues for the last financial year.For the 2021/2022 financial year running to March, the company reported record revenues of £121.1m, an increase of 110.1%, gross profits improved to £4.6m from a loss ...
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NewsAir France KLM Cargo charges up with solar car flight
Source: Air France KLM CargoAir France KLM Martinair Cargo (AFKMP) has taken part in a project to fly a solar-powered car that is taking place in South Africa's Sasol Solar Challenge.The Nuna 11s car was developed by the Dutch Brunel Solar Team from Amsterdam's Delft University of Technology and will ...
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NewsUPS expands in healthcare with Bomi acquisition
Source: UPSUPS plans to acquire healthcare logistics provider Bomi Group to expand its temperature-controlled facilities.The transaction will add temperature-controlled facilities in 14 countries - measuring 390,000 sq m - and nearly 3,000 employees."The acquisition will play a key role in the delivery of next-generation pharmaceutical and biologic treatments that increasingly ...
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News
ATSG sees revenues rise but profits fall in Q2
Freighter lessor ATSG saw its revenues rise but profits fall in the second quarter of the year as it faced higher costs, but benefited from more flying.The Wilmington-headquartered company reported a 24% year-on-year increase in second-quarter revenues to $510m, operating income for the period was down 16.6% to $70.5m and ...
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News
Atlas Air sees profits slide in Q2 as costs rise
Atlas Air Worldwide, which yesterday announced it is being acquired in a $3bn deal, saw volumes and profits take a hit in the second quarter while revenues improved.The company saw revenue grow to $1.2bn in the second quarter of 2022, compared with $990m last year, volumes totaled 83,922 block hours, ...
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NewsMaersk opens its war chest for project firm Martin Bencher
Source: MaerskCash-rich shipping giant AP Moller Maersk has announced the planned purchase of project logistics firm Martin Bencher as part of efforts to expand its supply chain offering.Maersk said the deal has an enterprise value of $61m and will allow the company to launch Maersk Project Logistics.Martin Bencher Group is ...
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NewsLATAM Cargo adds its latest freighter
Source: LATAM CargoLATAM has added another converted freighter to its fleet as it continues to expand its presence on the transatlantic.The freighter is the fourth of five freighter conversions it is due to receive this year and brings its total all-cargo fleet to 15 aircraft.The carrier is due to add ...
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NewsCargoAi makes two appointments
Ibarra (L) and Sakurai (R). Source: CargoAiBooking portal CargoAi has appointed a vice president of operations and head of finance as it continues to expand.Veronica Ibarra joins CargoAi as its vice president of operations and oversees the day-to-day customer support and strategic operational activities for CargoAI products.Ibarra will be based ...
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Atlas Air Worldwide to be acquired in $3bn takeover
Freighter firm Atlas Air Worldwide has entered into a definitive agreement to be acquired by an investor group in an all-cash transaction with an enterprise valuation of approximately $5.2bn.The takeover is led by funds managed by affiliates of Apollo, affiliates of JF Lehman & Company, and Hill City Capital.Under the ...
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News
UK customs says 3,500 firms face losing ability to import
UK customs (HMRC) has warned that 3,500 companies have yet to register for its new import system and could lose the ability to import goods.HMRC said that on October 1 import declarations will change from being processed through the current CHIEF system to the new Customs Declaration Service (CDS).Many businesses ...
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News
Pittsburgh Airport receives funding for air cargo development
Pittsburgh International Airport (PIT) will receive Federal Aviation Authority (FAA) funding to extend a taxiway that will be used to access a new cargo facility.The FAA has awarded a $3.3m grant to extend taxiway A, which will be used to access the new Cargo 4 facility, expected to open in ...
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NewsLufthansa Cargo revenues surge despite volume drop
Lufthansa's logistics division saw revenues and operating profits increase again in the second quarter of the year despite a small drop in cargo volume.The division, which includes Lufthansa Cargo, time:matters, Jettainer and the company's share of AeroLogic, saw its second-quarter revenues increase by 45% year on year to €1.3bn, while ...
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News
IATA: Air cargo demand declines narrow in June
Air cargo volumes were down again in June, although the level of decline eased compared with recent months as Covid restrictions in China began to be lifted.The latest statistics from IATA show that air cargo traffic in June was down 6.4% in cargo tonne km (CTK) terms compared with a ...