All News articles – Page 326
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News
ATSG: "Strong demand" for leased freighters during coronavirus
Aircraft leasing company Air Transport Services Group (ATSG) has highlighted that its half-year results reflect "solid growth, improving cash flows and strong demand for leased cargo aircraft".During the first half of this year, the group's revenues increased 13% to $378m, while adjusted ebit rose 20% to $125.6m."Increased contributions from ATSG’s ...
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Forwarder and shipper charter deals propel Atlas Air in Q2
Atlas Air Worldwide Holdings saw its operating revenues and income increase during the second quarter of the year as forwarders and shippers looked to secure freighter capacity through charter deals with the firm.The New York-headquartered lessor reported second quarter operating revenues of $825.2m — up 24.3% on year earlier — ...
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Lufthansa Cargo revenues lifted by capacity crunch
Lufthansa's logistics division, which includes Lufthansa Cargo, saw revenues rise in the first half of this year, despite significant cuts to bellyhold capacity.The carrier said this outcome was a result of demand outstripping supply. "Demand for the remaining cargo capacities went up during the first half-year of 2020, with the ...
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NewsVolga-Dnepr Group enters the B777F market with first delivery
The Volga-Dnepr Group has entered the B777 freighter market following the delivery of its first aircraft of the type.The aircraft was ordered by Volga-Dnepr in partnership with aircraft lessor Dubai Aerospace Enterprise (DAE) and adds to subsidiary AirBridgeCargo's fleet of B747 freighters."Volga-Dnepr is dedicated to the development and optimal composition ...
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NewsQatar Cargo's '1 million kilos' campaign just the start of sustainability drive
Guillaume HalleuxQatar Airways Cargo’s 1 million kilos project is just the start of a far reaching outreach project that the airline hopes will help reinforce the UN’s Sustainable Development Goals*.The carrier announced its ambitious 1 Million kilos campaign, which was prompted by the Covid-19 outbreak, in mid-July. It will enable ...
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NewsAir cargo demand continues its gradual recovery
The latest figures from CLIVE Data Services show that air cargo volumes continued to climb in July, while load factors for the month remained ahead of last year's levels.Airfreight volumes were 20% down on a year ago in July, but this is an improvement on the drops of 26% (April), ...
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Virgin Atlantic's cargo flights continue as it applies for bankruptcy protection
Virgin Atlantic has confirmed that it will continue its cargo operations after filing for Chapter 15 bankruptcy protection in the US.The airline told Air Cargo News that cargo operations will continue while it goes through the process of securing court approval for its creditor backed restructuring plan.Cargo flights will therefore ...
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NewsAir Cargo Forum the latest event to be cancelled
Tiaca and event organiser Messe München have announced the cancellation of the 2020 Air Cargo Forum (ACF), due to take place in Miami in November.The partners said that they had taken the decision to cancel the event in light of concerns over the health and safety of the ACF exhibitors, ...
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NewsVIDEO: DB Schenker opens record-breaking airfreight facility
DB Schenker has opened its most expensive facility to date: a €101m automated hub catering for the high-speed logistics sector.The forwarder said that the Red Lion warehouse in Singapore is the single largest investment in any site globally in Schenker’s corporate history.The combined airfreight and contract logistics hub is located ...
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Virgin Atlantic files for bankruptcy protection, plans restructuring vote
Virgin Atlantic creditors will vote on the UK carrier’s restructuring plan at a meeting on 25 August after court proceedings in London.The UK carrier secured the order following a 4 August court hearing, held as part of the planned private recapitalisation it announced in July under the UK Companies Act.In ...
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Atlas Air sees share price soar as investors circle
Atlas Air Worldwide Holdings has seen its share price increase rapidly since the start of the year as investors look to benefit from the ongoing capacity crunch.New York-headquartered Atlas Air Worldwide Holdings has seen its share price on the NASDAQ exchange double from $27.73 on January 2 to $55.72 as ...
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NewsVolga-Dnepr's quick O&G turnaround
Volga-Dnepr Airlines has completed a charter flight to deliver of oil & gas equipment for P-cube aviation.Four compressors and two rotors, weighing more than 26 tons, were delivered onboard an IL-76TD-90VD from Singapore to Melbourne (Australia) for urgent repair and maintenance works.The airline processed all flight permits within one day ...
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NewsDHL the latest to report rapid airfreight revenue growth
Deutsche Post (DP) DHL is the latest company to report soaring airfreight revenues as a result of the capacity crunch experienced in the second quarter of the year.The German express and parcels giant saw second-quarter revenues from its airfreight forwarding business increase by 57% year on year to €1.8bn, gross ...
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Descartes rolls out Bluetooth ULD readers at Menzies Aviation facilities
Descartes is rolling out is core Bluetooth low energy (BLE) readers at Menzies Aviation's facilities worldwide.The deal enables ground handler Menzies Aviation to enhance its cargo-tracking capabilities, as well as enabling Descartes to expand its BLE network, which is "used to track international mail, parcel and cargo shipments in real-time".Descartes ...
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Expeditors outlines 'intense' and 'unsettled' Q2 for air cargo
Seattle-headquartered freight forwarder Expeditors has described the second quarter as "intense" and "unsettled" as a result of the supply-demand imbalance in air cargo.Summing up the second three months of the year, president and chief executive Jeffrey Musser said that the Covid-19 outbreak has had a significant and widespread impact on ...
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IAG Cargo selects ABDA Aviation as Malaysia GSSA
IAG Cargo has selected ABDA Aviation to be its GSSA in Malaysia. ABAD will also provide IAG Cargo with customer service and operational support across its business activities in the country.The deal comes as IAG Cargo restarts its operations in Kuala Lumpur, enhancing the Malaysia’s position as an "increasingly important" ...
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NewsPharma container firm Softbox appoints CFO
Temperature-sensitive packaging business Softbox has appointed Charlie Nicholson into the role of global chief financial officer.Reporting directly to chief executive Kevin Valentine, Nicholson will be responsible for the firm's financial and fiscal operations."His primary focus will be assessing the company’s operational and financial performance, and developing scalable systems, processes and ...
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Chapman Freeborn partners with ATC in South America
Charter firm Chapman Freeborn has appointed sales agent ATC Aviation Services as its commercial representative for Latin America.The deal will see ATC sell on behalf of Chapman Freeborn in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru and Uruguay.The two companies said that co-operation will strengthen their coverage in South ...
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Avia Solutions Group: A mathematical approach
Gediminas Ziemelis says Avia Solutions Group is planning for further growth in a volatile aviation market. Roger Hailey reports...Gediminas Ziemelis, chairman of Avia Solutions Group (ASG), has some advice for a young entrepreneur in today’s disrupted aviation industry: “Be careful about signing a long-term contract with aircraft or facility owners, ...
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Airfreight rates up as capacity comes under pressure
Airfreight rates from key Asian hubs continued to climb last week as ocean capacity shortages and personal protective equipment shipments pick up.The latest figures from TAC Index show that average airfreight rates from Hong Kong to North America last week climbed for the fourth week in a row as they ...