All News articles – Page 204
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NewsEdmonton Airport's Caswell elected chairman of Pharma.Aero
Trevor Caswell. Source: Pharma.AeroTrevor Caswell of Edmonton International Airport has been elected as the new chairman of the Pharma.Aero industry group's board of directors.Caswell is manager, demand & product development (Cargo) at the Canadian Airport and will preside over the board for the next two years.He takes over from Nathan ...
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Avolon reports Q1 2022 net loss of $182m
International aircraft leasing company Avolon has reported an impairment of $304m and a net loss of $182m for the first quarter of 2022 as a result of the Ukraine-Russia war.As of March 31, Avolon had 10 owned aircraft located in Russia representing less than 1% of Avolon’s portfolio value net ...
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NewsAwery appoints customer success project manager
Phaedra Den Hertog. Photo: AweryAwery Aviation Software (Awery) has appointed Phaedra Den Hertog as customer success project manager in response to the continued uptake of its Cargo Management package, Awery ERP.Den Hertog has spent over 30 years in air cargo working for companies including Polar Air Cargo, Cathay Pacific, and ...
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Cathay Pacific to add more cargo flights as restrictions ease
Cathay Pacific has welcomed the Hong Kong government's easing of crew quarantine rules and said the adjustments will allow it to expand its cargo operations.The new rules mean that vaccinated cargo crew will no longer be required to quarantine on returning flights but will be subject to a 14 day ...
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NewsIATA: Air cargo demand drops in March amid "growing challenges"
Source: IATACovid, the Ukraine war and oil prices all contributed to a drop in demand in global air cargo markets in March, according to data from the International Air Transport Association (IATA).Cargo demand is tracking below pre-Covid-19 levels, and like February, capacity remained constrained.Global demand, measured in cargo tonne-kilometers (CTKs), ...
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Qatar Cargo launches next stage of its WeQare charitable initiative
Qatar Airways Cargo has launched the latest "chapter" in its WeQare charitable initiative.The third part of the carrier's initiative is titled Let's Stand Together and will include a donation drive that seeks to gather donations in kind for children, from April 26 to May 10.The donation drive focuses on three ...
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Airfreight rates begin to rise in April
Airfreight rates on major east-west trades began to creep back up in April following the previous month's decline, as demand began to rise in line with seasonal trends.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April the average rate from Hong Kong to North America ...
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SF Airlines freighter fleet hits 70
Fast-expanding freighter operator SF Airlines has put its 70th aircraft into action.The China-based airline put its 70th freighter - a B767-300 - into flight operation on April 29 between Shenzhen and Beijing."The established cargo route network serves the transportation of domestic and foreign epidemic prevention materials, facilitates the circulation of ...
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NewsIAG Cargo benefits from expansion of Spain-US flights
Source: IAG CargoIAG Cargo is benefiting from a 40% increase in flights between Spain to the US since March from its airline sister companies, Iberia and LEVEL.Iberia's expanded network includes regular connectivity between Madrid and Los Angeles, Boston, and Chicago, with flights to New York and Miami departing twice a ...
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Maersk completes acquisition of Pilot
Shipping giant AP Moller Maersk has completed its acquisition of US forwarder Pilot Freight Services in a deal worth $1.7bn.As a result of the acquisition, international and domestic supply chain provider Pilot Freight Services will be rebranded to Pilot – A Maersk Company.The transaction price of $1.7bn equals to an ...
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DHL airfreight volumes edge up but revenues fly
DHL Global Forwarding saw its airfreight revenues jump in the first quarter of the year despite volumes increasing by a much lower amount.The forwarder's airfreight business saw revenues increase by 55.% year on year to €2.9bn. Gross profits improved by 10% to €488m but volumes were up by just 3% ...
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Cargojet revenues jump in Q1 as it expands B777 conversion order
Canadian freighter operator Cargojet registered a jump in revenues in the first quarter and has expanded the number of B777 conversions it has on order (see below).The company reported a 45.7% increase in first-quarter revenues to $233.6m with strong growth in the all-in charter segment.The company said the all-in Charter ...
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Qatar Cargo provides future freighter insights
Qatar Airways provided customer insight that helped Boeing and Airbus to fine-tune the cargo specifications of the new B777-8 freighter and its Airbus challenger, the A350F.As launch airline for the B777-8F production line aircraft, the Middle East cargo giant placed an order and options for up to 50 of the ...
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DSV and K+N outline a complex market with higher rates to continue
Kuehne+Nagel (K+N) and DSV highlighted a complex logistics market in their recent quarterly updates, with higher freight rates to stay, softening consumer demand and ongoing supply chain disruption.K+N was the first to reveal its results, with revenues and profits continuing to surge on the back of acquisitions on higher prices ...
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NewsAG Handling selects Qstep software for Riga operation
LtoR: Jānis Kaudze, Edgars Bars, Haiti Arendi and Gunars Peize. Source QstepLatvia-based cargo handler AG Handling SIA has chosen the Qstep air cargo handling platform for its operation at Riga International Airport (RIX).Riga is the fourth airport where the Qstep software-as-a-service platform has been deployed after Helsinki, Tallinn and Vilnius.AG ...
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NewsShanghai PVG air cargo capacity drops by two thirds in April
Air cargo capacity out of Shanghai has been reduced to just a third of its level last year in response to the city wide lockdowns that have caused production to grind to a halt.The latest statistics from Accenture's Seabury Consulting show that in the first two weeks of April, cargo ...
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NewsA record Q1 for cargo at Leipzig/Halle despite weakening in German market
Source: ShutterstockGermany’s Leipzig/Halle Airport set another record for cargo volumes in the first quarter while the overall German market showed signs of weakening in March.The airport - the fourth largest in Europe in terms of cargo - handled 385,438 tonnes of freight in the first three months of the year, ...
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NewsMenzies Aviation takes majority stake in Agunsa Aviation Services
Photo: Menzies AviationMenzies Aviation has acquired a controlling stake in Agunsa Aviation Services, which provides full ground and air cargo handling services in Santiago, Chile.Agunsa Aviation Services was a wholly owned subsidiary of Agencias Universales SA, a large and diverse Chilean business with a long history in logistics, originally in ...
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NewsNetwork Airline Services appoints Fernandes
Florent Turlier (L) and Anthony Fernandes. Source: Network Airline ServicesNetwork Airline Services has appointed Anthony Fernandes as sales and services supervisor for France.Fernandes, who will based at the company's Paris CDG office, originally started working with the company as an export supervisor in 2014.In 2018, he took the role of ...
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NewsQatar Cargo extends with dnata in Brussels
Source: dnataQatar Airways Cargo has extended its ground handling contract with dnata in Brussels.The multi-year extension will see dnata continue to deliver cargo handling and road feeder services for the airline from its facility at Brussels Airport (BRU).Qatar Airways Cargo currently operates a mix of 15 freighter and passenger flights ...