All News articles – Page 258
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News
DSV Panalpina targets growth after completing Agility GIL deal
DSV Panalpina has completed the takeover of the logistics arm of Agility - Global Integrated Logistics (GIL) — in a deal with an enterprise value of around $4.8bn.The all-share deal will see Agility gain 8% of the total shares in the combined entity making it DSV Panalpina's second largest shareholder.The ...
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Thai AirAsia parent widens second-quarter operating loss
Thai AirAsia parent company Asia Aviation widened its second-quarter operating loss — with revenue decline outpacing cost reduction efforts — as the low-cost carrier eyes alternative revenue streams in e-commerce and cargo.For the quarter ended June 30, Asia Aviation posted a Bt2.8bn ($84m) operating loss, widening from the Bt1.8bn loss ...
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Ex-AA Cargo boss Butler takes CFO role at Gatwick Airport
Gatwick Airport has appointed American Airlines' ex-head of cargo Jim Butler as its new chief financial officer.Butler will take up the new role in September and will also join the board of Gatwick Airport Limited.He has more than 20 years experience in the airline industry, with several years spent in ...
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NewsCargo demand increases at LEJ as it continues fight against Covid
Image source: Flughafen LeipzigHalle GmbH, Kathrin FalkeCargo volumes at Leipzig/Halle Airport (LEJ) have steadily increased this year, as it continues to support the global fight against Covid-19.The hub processed 133,873 tonnes of cargo in July this year — a 9.1 % increase on the same month a year earlier.Year-to-date, LEJ ...
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DHL to stick with an opportunistic approach to acquisitions
Deutsche Post (DP) DHL will maintain an opportunistic approach to freight forwarding acquisitions despite the spate of takeovers recently announced by some of the company's peers.Speaking after the delivery and logistics giant last week revealed its half year results, DP DHL chief executive Frank Appel was asked whether the company ...
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Cargojet continues international expansion with 21Air investment
Cargojet has invested in a minority share of US freighter operator 21Air as it looks to grow internationally.Cargojet will acquire a 25% interest in 21Air and will "continue to collaborate with 21Air on mutually beneficial opportunities in this expanding air cargo market".21Air is certified by the US Federal Aviation Administration ...
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Etihad Cargo revenues offset "dip" in passenger in H1 2021
Etihad Airways's half-year cargo revenues offset a "dip" in passenger operations, as it continues to make a "progressive recovery" in the wake of the pandemic.The group's cargo division posted a 56% year-on-year increase in revenues to $800m.This achievement was driven by a 44% year-on-year increase in freight carried in the ...
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NewsAmazon Air opens $1.5bn US cargo hub
Source: AmazonAmazon Air has opened its huge new $1.5bn air hub at Cincinnati/Northern Kentucky International Airport (CVG) that will serve as the e-commerce giant's central US cargo hub.The hub has taken four years to construct and measures 800,000 sq ft across seven buildings on a 600 acre campus.Amazon said the ...
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Brussels Airport: Cargo volumes increase as passenger services pick up
Brussels Airport has noted an increase in airfreight demand in July, as passenger services and bellyhold cargo capacity continued to increase.The hub recorded a 34.7% year-on-year increase in total cargo volumes in July, up to 74,848 tonnes.Bellyhold cargo volumes increased 155.4% in July to 9,668 tonnes; full freighter volumes climbed ...
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NewsIAI starts structural work on first B777 conversion
Source: IAIIsrael Aerospace Industries (IAI) has started structural modification work on the first B777 freighter conversion on behalf of programme partner GE Capital Aviation Services (GECAS).The aircraft maintenance firm said that the beginning of work marks the end of the development process and the start of the structural and systems ...
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Qatar Cargo continues digital push with WiseTech partnership
Qatar Airways Cargo has continued its digital push with the implementation of data connections with air cargo software provider WiseTech Global.The airline said that connecting directly with WiseTech will help to eliminate multiple intermediary data exchange points between freight forwarders and airline operating systems."These direct data feeds also add real ...
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Crew quarantine measures hold back Cathay Pacific Cargo in H1
Hong Kong quarantine restrictions took their toll on Cathay Pacific's first-half performance with revenues and volumes all declining compared with a year earlier.The airline saw its first-half cargo revenues decline by 0.6% on last year to HK$11.1bn, while cargo revenue tonne kms (RFTK) were down 20.1% to 3.3bn and the ...
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NewsPartners Delta and Virgin re-sign with dnata for UK cargo handling
dnata Heathrow City East Phase 2. Source: Virgin AtlanticVirgin Atlantic Cargo and Delta Cargo have extended their cargo handling contract with dnata at seven UK hubs for another five years.The extended contract covers ground handing and export services from the airlines' joint London Heathrow hub and Manchester Airport as well ...
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NewsFinnair selects Skyport for Prague cargo handling
Source: SkyportFinnair Cargo has selected Skyport to provide cargo handling services for its flights to Prague Airport.Cargo will be handled at Skyport’s recently-upgraded semi-automated 8,300 sq m airside facility in Prague.“Skyport’s new full barcode and QR scanner system will give Finnair Cargo end-to-end real time visibility of its cargo as ...
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NewsRodríguez Moreno joins Cool Chain Association board
Miguel Rodríguez Moreno. Source: Cool Chain AssociationMiguel Rodríguez Moreno, senior manager climate control products, Qatar Airways Cargo has joined the Cool Chain Association (CCA)’s board of directors.Rodríguez Moreno brings over six years’ experience in cargo, including four years as global pharma development manager for Etihad Cargo."It is an honour to ...
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NewsMIC Cargo adds new facility in Chicago to combat congestion
Edip Pektas, MIC Cargo, and Des Plaines Mayor Andrew Goczkowski. Source: MIC CargoMIC Cargo has opened a new air cargo import facility close to Chicago O'Hare Airport as demand to the US airport surges.The cargo handler's chief executive Edip Pektas said that it decided to open the new building ...
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Aviation Holdings III to add more B737-800 conversions
Aviation Holdings III Investments has placed an order for more freighter conversions with Aeronautical Engineers, Inc (AEI).The lessor has ordered a further three B737-800SF conversions from AEI in addition to the three announced in March.Upon completion of this order, Aviation Holdings will own a total of 11 AEI B737-800SF freighters.The ...
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NewsAvianca Holdings adds new cargo head as sector's importance grows
Gabriel Olivia. Source: AviancaAvianca Holdings has appointed Gabriel Oliva as executive vice president and head of its cargo unit.Oliva, who will take up the role on August 18, has more than 20 years of experience in executive positions in a range of industries, with over 10 years of experience in ...
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Silk Way West interlines with Astral as it looks to Africa
Silk Way West Airlines has signed an interline agreement with Astral Aviation as it looks to offer destinations in Africa.The two freighter operators will use Dubai World Central as a transit point for cargo being transferred between the two airlines.Astral will connect Dubai to Nairobi where cargo can then be ...
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Tiaca Executive Summit postponed
Tiaca and event co-organiser Messe München have taken the decision to delay the Tiaca Executive Summit and Transport Logistics Americas Forum until next year.The combined four-day event had been scheduled to be held in San Francisco from September 21-24 but has now been postponed to March 22-25, 2022."With the recent ...