Freighter operators – Page 83
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News
CMA CGM continues to expand air cargo network
Recently launched CMA CGM Air Cargo has continued to expand its freighter network with the addition of three new destinations.The airline, owned by Marseille-based shipping group CMA CGM, has added Dubai, Beirut and Istanbul to its existing flights covering Liège, Chicago, New York and Atlanta.The service between Liege and Dubai ...
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ST Engineering to enter freighter leasing JV
MRO provider ST Engineering and Singapore state-owned investment firm Temasek are teaming up to establish a joint venture freighter leasing company in response to rising demand for freighters.The new company will aim to build a portfolio of aircraft with a value of around $600m within five years, investing in passenger ...
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Unions squabble over contract for Canadian cargo pilots
Canada’s Unifor union has sharply criticised US-based pilot union Air Line Pilots Association, International (ALPA) for “interference” in pilot-contract negotiations with cargo and charter carrier Cargojet, writes Pilar Wolfsteller.The Canadian union, which represents 16,000 aviation workers in that country including pilots, air traffic controllers and maintenance personnel, calls ALPA “self-serving” ...
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NewsNetwork adds extra freighter flight to support Mothers' Day flower demand
Freighter firm Network Airline Management transported more than 1,000 tonnes of freshly cut flowers — from Nairobi, Kenya into Europe — during the run up to International Mother’s Day.The 2021 schedule saw four B747 freighter flights operate each week, as well as an extra flight to fulfil this year’s demand.The ...
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Magma Aviation adds another B747 freighter
Magma Aviation is adding an extra Boeing B747 freighter aircraft to its fleet in response to growing demand.The UK-based freighter manager has partnered with Plus Logistics Solutions Limited on the B747-400F, which increases its fleet to five all-cargo aircraft.It is the second freighter that Magma has added to its fleet ...
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ATSG revenues decline in Q1 despite strong cargo results
Aircraft lessor ATSG has recorded decreased revenues and earnings before interest, tax, depreciation, and amortisation (ebitda) in the first quarter of this year, partly due to decreased passenger services in the wake of the pandemic.The company achieved revenues of $376.1m in the first quarter of this year — 3.4% lower ...
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Lessor GTLK signs up for A321 freighter conversions
Leasing firm GTLK Europe has signed up for four A321 conversions from Elbe Flugzeugwerke (EFW) as it looks to meet growing e-commerce demand.Three of the four aircraft will be inducted for conversion this year, with the fourth conversion to be carried out in 2022.“We are delighted to welcome GTLK Europe ...
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Turkish Cargo adds Munich freighter flights
Turkish Cargo will add freighter flights to Munich as it looks to capitalise on high-tech and automotive demand from the German city.The airline said that it will use an Airbus A330F on the weekly flight between Istanbul and Munich."Munich is considered as the technological metropolis of Germany, and it hosts ...
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Atlas and unions disagree over pilot contract progress
Atlas Air Worldwide Holdings and the International Aviation Professionals (IAP) union have offering differing views on the progress of talks to settle the five-year dispute over pilot contracts.Following the announcement of its half-year results, the aviation company said that it expects the arbitration process to conclude in the second half ...
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Atlas Air Worldwide set for strong H1 performance in 2021
Freighter operator Atlas Air Worldwide has achieved increased net income and ebitda (earnings before interest, tax, depreciation, and amortisation) in the first quarter of this year and it expects continued strong performance.In its first quarter 2021 results, the freighter operator recorded a 33.8% year-on-year increase in revenues to $861.3m. Net ...
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NewsQatar Cargo roars into action for lion charity flights
Qatar Airways Cargo has transported seven lions to nature reserves in South Africa free of charge as part of its Rewild the Planet initiative.The operation saw the carrier transport three lions, one lioness and three cubs from Kiev to Doha and then Johannesburg over three days.The lions were then transported ...
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IAI to open Korean B777 conversion line to meet demand
Israel Aerospace Industries' (IAI) Aviation Group is planning to open a new B777 freighter conversion line at Incheon International Airport in South Korea to meet demand.The conversion firm signed a Memorandum of Agreement (MoA) with the Incheon International Airport and MRO firm Sharp Technics to establish the facility, which will ...
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E-commerce demand boosts Cargojet in Q1
Cargojet saw revenues and profits increase in the first quarter of the year as it continued to benefit from a boom in e-commerce demand.The Canada-based aircraft owner and operator saw first-quarter revenues increase by 30.3% year on year to C$160.3m, earnings before interest and tax were up from a C$0.9m ...
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NewsVolga-Dnepr transports spacecraft scale model for testing
Volga-Dnepr Airlines has delivered a Luna-25 full-scale mock-up from Moscow (Russia) to Blagoveshchensk (Russia) onboard an AN-124-100 freighter.A five-tonne full-scale overall assembly of Luna-25 spacecraft designed and manufactured by NPO Lavochkin, one of the leading aerospace companies, was transported to Ignatyevo airport for further trucking to the Vostochny Cosmodrome. The ...
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321 Precision gains STC for A321 conversion
The US Federal Aviation Administration has awarded 321 Precision Conversions its Supplemental Type Certificate for its A321-200PCF programme.The company, which is a joint venture between Air Transport Services Group (ATSG) and Precision Aircraft Solutions, said that its first conversion would soon begin operations following the granting of its STC.Precision Aircraft ...
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NewsCargolux's profits reach a record high in 2020
Cargolux last year recorded record profits as the loss of bellyhold operations boosted demand for all-cargo aircraft.The freighter operator, which last year celebrated its 50th anniversary, achieved a 3745% year on year increase in net profits to $768.7m. Its previous record was $211.2m in 2018.Cargolux also recorded revenues of $3.17bn ...
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NewsSilk Way West expands fleet with B777 freighter order
Zaur Akhundov, Silk Way Group, and Stan Deal, Boeing Commercial Airplanes Copyright Silk Way WestSilk Way West Airlines will expand its fleet through the addition of five production Boeing 777 freighter aircraft.The aircraft will be delivered between 2023-2027 and, as well as being the first B777Fs in the Silk Way ...
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Cathay Pacific targets digital cargo with One Record trial in Hong Kong
A trial of IATA One Record initiative was carried out by companies at Hong Kong International, including Cathay Pacific, as part of efforts to move to paperless processes in air cargo.The pilot, which ran in Hong Kong in March, was a joint initiative between Cathay Pacific Cargo and the Airport ...
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MasAir to lease two Airbus A330-200P2Fs from Altavair
As part of its expansion strategy, Mexican freighter operator MasAir is leasing two Airbus A330-200P2F (passenger-to-freighter) aircraft from Altavair.The agreement covers the leasing of two converted aircraft that will be delivered to MasAir early next year.The carrier is also investing more than $5m in hiring and training crew and technical ...
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NewsCainiao targets Hainan free trade zone with freighter flights
Alibaba logistics arm Cainiao Smart Logistics Network has launched seven freighter flights to Hainan to meet demand following the island's designation as a free trade zone.The charter flights will operate between Singapore and Sanya and Haikou airports on the island. This comprises five weekly Haikou-Singapore direct flights and twice weekly ...