Freighter operators – Page 51
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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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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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News
Maersk Air Cargo newbuild B767-300Fs to be operated by Amerijet
Maersk Air Cargo's three newbuild Boeing B767-300F freighters will be operated by Miami-headquartered cargo airline Amerijet on a US-China route from this autumn.The order of the three new B767-300Fs was announced in April with the launch of Maersk Air Cargo. They are in addition to three leased B767s, also previously ...
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News
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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NewsEtihad Airways firms up order for seven Airbus A350F freighters
A350F Etihad Cargo. Photo: AirbusEtihad Airways has firmed up its order with Airbus for seven new generation A350F freighters as it looks to meet ongoing cargo demand growth.The carrier announced its intention to order the aircraft at the Singapore Airshow in February but today confirmed the deal.Tony Douglas, group chief ...
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InsightsMaindeck expansion positions Air Canada for cargo growth
US passenger airlines with global networks have long since shed their maindeck freighter fleets but north of the border there is a renaissance of the combination carrier business model.Air Canada Cargo has an order book for two production Boeing B777Fs, two production line B767 freighters and eight of its passenger ...
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InsightsCargo airlines weather the storm of fuel price hikes
The cost of fuel has been a pain point in the aviation industry throughout 2022, but air cargo carriers have tackled the challenge with tenacious determination.Expensive fuel is not a new phenomenon, however, a perfect storm of economic and political issues has seen prices continue to rise this year until ...
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NewsAir Canada Cargo to add B777 freighters
Source: Air CanadaAir Canada will add B777 freighters for the first time as it continues to expand its presence in the all-cargo market.The carrier today announced an order for two factory-built B777Fs to enter into service in 2024.The order comes as Air Canada has been investing in converting its B767 ...
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News
Reports: Apollo group in talks over Atlas Air takeover bid
A group led by investment firm Apollo Global Managment is in talks to purchase airfreight group Atlas Air Worldwide Holdings, according to Reuters.The newswire quotes a person familiar with the matter as saying that talks are at an advance stage, although no details of whether a deal had been reached ...
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News
Cathay Pacific Cargo predicts muted peak season
Cathay Pacific Cargo is expecting a muted peak season while it continues to add passenger flights and faces cross-border trucking issues.Updating on current market conditions, Cathay Pacific head of cargo sales for Hong Kong and the Greater Bay Area (GBA) Frank Yau said that demand out of Shanghai was expected ...
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News
CargoLogic Germany insolvency proceedings imminent
Insolvency proceedings are expected to be opened imminently against CargoLogic Germany (CLG), according to the airline's administrator.In an update, a spokesperson for insolvency administrator Lucas Flöther said that the company will soon need to start paying staff wages again. Those costs were previously secured for three months as part of ...
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NewsEtihad Cargo sees first-half revenues rise despite volume decline
Etihad Cargo reported a first-half increase in cargo revenues despite a drop in volumes as a result of a ramp-up of passenger operations.The Abu Dhabi-headquartered airline reported cargo revenues of $802m in the first half of 2022, representing an increase of 6% on the same period last year, despite a ...
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NewsAir France KLM sees cargo volumes tumble in Q2
Air France KLM (AF KLM) saw cargo revenue growth flatten and volumes decline in the second quarter as the group switched aircraft away from Asia.The airline group said that second-quarter revenues increased by 2.6% year on year to €918m, while cargo traffic dropped by 17.2% on last year to 1.7bn ...
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NewsKerry Logistics expands with Hong Kong-Alabama charter flights
Kerry Freight Controlled Network provides four charter flights a week from Hong Kong to Huntsville, Alabama. Photo: Kerry Logistics NetworkKerry Logistics Network is ramping up its Kerry Freight Controlled Network (KCN) with four charter flights a week from Hong Kong to Huntsville, Alabama in the US.Weekly direct flights depart from ...
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NewsAir China selects WFS for Liege freighter handling
Air China B777F. Source: WFSAir China has commenced a new three-year cargo and ramp handling agreement with Worldwide Flight Services (WFS) in Liege.The airline operates four Boeing 777 freighter flights a week to Liege from Hangzhou Xiaoshan International Airport, the capital of Zhejiang Province, returning to China via Madrid.WFS expects ...
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News
Turkish Cargo partners with YTO on Tashkent flights
Turkish Cargo is partnering with express carrier YTO Cargo Airlines on flights connecting China, central Asia and Turkey.The agreement will see YTO Cargo Airlines operate four flights per week between Xi'an and Tashkent.The capacity of the flights is being utilised entirely by Turkish Cargo, the partners said."According to this co-operation, ...
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News
FedEx to expand Asia Pacific hub to meet long-term growth
FedEx Express will build a new express centre at Guangzhou Baiyun International Airport as part of its long-term expansion plans.The company has signed an agreement with Guangdong Airport Authority Logistics Company to build a 41,000 sq m facility that will more than double the size of its current gateway at ...
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NewsXwing expands cargo fleet as it continues push for autonomous flying
Source: XwingUS tech-startup Xwing has expanded its cargo fleet through two recent acquisitions as it looks to secure approvals for autonomous operations.The tech firm has followed up last year's purchase of AirPac Airlines with Texas-based FAA Part 135 cargo carrier Martinaire Aviation.These acquisitions, combined with organic growth, now bring Xwing’s ...
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News
K+N predicts ongoing reliance on freighters in air cargo
Kuehne+Nagel (K+N) is expecting freighter capacity to continue to dominate the airfreight market for the coming quarters, while it also has no concern about reports of high inventory levels in the US.Speaking after announcing the company's second-quarter results, K+N chief executive Detlef Trefzger was asked what the impact of the ...
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NewsDHL Express starts work on new Munich facility
Source: DHL ExpressDHL Express Germany has started construction of a new 11,000 sq m facility at Munich Airport as it looks to meet growing demand in the region.The €104m facility will be almost seven times larger than the warehouse DHL Express currently rents at Munich Airport's cargo center.It will have ...