All News articles – Page 285
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News
Amazon takes stake in ATSG
Amazon Air has taken a $132m stake in lessor and cargo aircraft operator Air Transport Services Group (ATSG).Amazon is exercising warrants that it has held since 2016 and 2018 to acquire 13.5m shares in the cargo airline, paying $9.73 per share, ATSG says in a filing with the Securities and ...
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NewsK+N and American partner to deploy 11m litres of SAF
Kuehne+Nagel has entered into an agreement with American Airlines to deploy 11m litres of sustainable aviation fuel (SAF).The deal is part of K+N's Net Zero Carbon programme. Through the agreement, American will allocate a portion of the carbon reduction benefit generated through its use of SAF to K+N.Also as part ...
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NewsAviation and logistics firms highlight International Women's Day initiatives
Yesterday, March 8, was International Women's Day and many companies marked the occasion with new initiatives put in place to facilitate diversity in the industry.Change Horizon and Meantime Communications started an initiative on International Women's Day to promote gender equality.The companies hope their Women in Aviation and Logistics Pledge will ...
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NewsFirst Choice Staff expands into cargo handling recruitment
Colin Blusch (left), Aviation Business Development Manager, with First Choice Staff Director, Chas Dowton.UK freight and logistics recruitment firm First Choice Staff is expanding its offering to airport services, cargo and ground handling companies following the appointment of Colin Blusch as aviation business development manager.Based at First Choice Staff’s head ...
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Lufthansa Cargo downplays impact of vaccine volumes
Lufthansa Cargo is not expecting Covid-19 vaccine volumes to have as much of an impact on the air cargo market as many had first thought.Speaking following the announcement of the cargo firm's 2020 financial results, chief executive Dorothea von Boxberg outlined findings from Accenture Strategy and Consulting, which estimate that ...
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NewsGround handler dnata marks preighter cargo milestone
Ground handler dnata has marked a cargo milestone at its Dubai International Airport (DBX) airport base.Since March last year at the onset of the pandemic, the company has operated 5,000 preighter flights (passenger aircraft with seats removed), transporting around 50,000 tonnes of cargo.In order to meet increased demand for capacity, ...
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Shippers urged to get creative to combat space shortages
Shippers have been urged to get creative as capacity shortages and high rates in air cargo and other modes are expected to continue.In the latest Baltic Exchange airfreight rate newsletter, Bruce Chan, vice president of global logistics at investment bank Stifel, said that over the next few months capacity could ...
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FedEx invests $2bn in sustainable technologies
US cargo carrier FedEx is investing more than $2 billion as part of an effort to achieve carbon-neutral operations across its global network in 20 years.The Memphis, Tennessee-headquartered company says on 3 March it is focusing on three areas to achieve this goal: vehicle electrification, sustainable fuel and carbon sequestration.“We ...
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NewsAntonov Airlines and Rhenus team up to transport rotor for repairs
Antonov Airlines recently transported a bladed rotor, which is typically used in power generation, from Ghana to India and back again.The task involved the carrier and Rhenus Project Logistics USA — both members of The Heavy Lift Group (THLG) — chartering one of Antonov Airlines' AN-124 aircraft to carry the ...
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Lufthansa Cargo expects a good 2021 and rates to ease in H2
The newly appointed chief executive of Lufthansa Cargo, Dorothea von Boxberg, is expecting another good year in 2021 but adds that rates are likely to cool in the second half.Lufthansa Cargo yesterday announced a record adjusted operating profit of €772m, more than double the previous record of €342m in 2010.The ...
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NewsAstral Aviation selects Sharjah Airport as Middle East hub
Kenya-headquartered freighter operator Astral Aviation has selected Sharjah Airport as its Middle East hub as it expands its operations in the region.The hub, chosen for its "strategic location" — as well as its facilities for general cargo, perishables and pharma handling — is the Astral's third. The carrier also has ...
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NewsAtran and AirBridgeCargo move engines from Russia to France
Atran airlines and AirBirdgeCargo (ABC), both part of Volga-Dnepr Group, have transported aircraft engines from Yakutsk, Russia, to Paris, France.The carriers said the task of transporting the two PW123 Pratt & Whitney engines for Bombardier Q-300 aircraft — weighing a total of 1,520kg — was “complex” and demonstrated its Cargo ...
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African air cargo market set to benefit from forwarder investments
It is hoped that recent investments by large forwarders in Africa will lead to infrastructure improvements.In January this year, DHL expanded its capabilities in South Africa by investing in new 10,000 m sq warehouse with pharma facilities near Johannesburg Airport.Also in January, CEVA Logistics acquired Moroccan freight forwarder ASTI Group.In ...
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NewsIAG Cargo reports increased automotive demand
IAG Cargo has reported an increase in automotive traffic since the start of the year, predominantly with its airfreight charter service that was launched last year at the start of the pandemic.The carrier said it that this year it has already transported 8,000 tonnes of automotive parts, which suggests "a ...
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Monthly airfreight rates stable in February on key trades
Average monthly airfreight rates on key trade lanes were largely static in February compared with a month earlier but remain well above last year’s levels.The latest statistics from Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in February reached $6.42 per kg, ...
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NewsLufthansa Cargo announces record profits and another B777F
Dorothea von Boxberg Credit: Lufthansa CargoLufthansa's air cargo business reported record operating profits last year and has also announced plans to add another Boeing 777 freighter to its fleet.The Lufthansa Logistics division, which includes Lufthansa Cargo, Jettainer, time:matters and its equity investment in AeroLogic, saw earnings before interest and tax ...
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Cargo wholesalers team up on Europe-Australia service
Europe-based Wholesale by Vels and Australian firm Consol Alliance have entered into a strategic partnership to develop air cargo business on the Europe-Australia route.Initially, the new alliance will operate weekly, trade-only unitised airfreight consolidations from Amsterdam Schiphol to major Australian airports.The service frequency is expected to increase over the coming ...
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NewsGround handler dnata appoints EVP
Steve AllenDnata, part of the Emirates Group, has promoted Steve Allen into the role of executive vice president.Allen has worked at the Emirates Group for 12 years in operational and support roles.He has been divisional senior vice president since 2016, overseeing the company's ground handling and cargo operations, and airport ...
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NewsAir cargo makes recovery "that passenger departments will be dreaming of"
The latest data form CLIVE Data Services and TAC Index suggests that in the last 10 months, global air cargo volumes have recovered to pre-Covid levels, demonstrating the "robustness" of the market and "a recovery that airline passenger departments will be dreaming of".In its February 2021 report, analyst CLIVE Data ...
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Latest B777 conversion programme moves forward
Sequoia Aircraft Conversions will partner with advisory firm Split Rock Aviation on a second B777-300ER freighter conversion programme.The two partners said that Sequoia’s Wichita based B777-300ER freighter conversion programme will focus on weight reductions and design efficiency to meet the most stringent environmental and regulatory requirements. The engineering package will ...