All News articles – Page 431
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NewsAir Partner appoints Paul Dollman
Paul DollmanAir Partner has appointed Paul Dollman as a non-executive director and chair of the audit and risk committee, replacing Shaun Smith.Dollman will take up the role on June 26, the date of Air Partner’s AGM. He has held chair and non-executive director positions at a range of listed companies."In ...
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Cargo demand continues to shrink in March
Cargo demand declined again in March as the Asia Pacific region continues to stutter.Figures from WorldACD show that cargo demand in chargeable weight declined by 2.4% year on year in March, resulting in the first quarter registering a fall of 3.1%. General cargo in March was down by 4.8%, while ...
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Atlas sees revenues grow on increasing demand
Atlas Air Worldwide Holdings (AAWW) saw adjusted profits increase in the first quarter of the year as a result of increasing customer demand.The aircraft lessor and operator reported first-quarter operating revenues of $680m, while adjusted income for the period was up 14.7% to $27.3m and adjusted earnings before interest, tax, ...
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Labrie takes top job at MNX Global Logistics
California-based MNX Global Logistics has named John Labrie as president and chief executive, taking over from Paul Martins who becomes chairman of the MNX board of advisors.Labrie was previously chief executive of Network Global Logistics, whose express division was acquired by MNX in 2018. Labrie has also held various senior ...
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NewsDHL extends ATSG freighter leasing deal
A DHL B767F like those leased by ATSGDHL has extended by three years its deal to lease 14 Boeing 767 freighters from ATSG subsidiaries.The aircraft lessor said that it would also operate eight of those aircraft within DHL's North American Network.The agreements include:- The extension of eleven aircraft leases between ...
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NewsLOT Polish Airlines in pharma focus for Central and Eastern Europe
LOT Polish Airlines is on course to achieve its IATA’s CEIV Pharma certification by October this year and in a separate development has already adopted the airline association’s Dangerous Goods AutoCheck (DG Autocheck).LOT cargo director Michał Grochowski said: “As a result, and thanks to its modern fleet and growing flight ...
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Etihad Cargo boosts commercial organisation with Emirati appointments
Abu Dhabi-based Etihad Cargo has appointed several Emirati nationals within its commercial division to boost both its global customer programme as well as its UAE home marketIn a “renewed focus and mandate,” the UAE commercial function will be headed by Bader Ahmed Al Ali as senior manager commercial for the ...
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High Court dismisses legal challenges to Heathrow's third runway
The High Court in London has ruled against campaigners challenging the legality of the UK government’s decision to allow a third runway at Heathrow Airport. The challenges were from a coalition of objectors including the Mayor of London.Caroline Russell, chair of the London Assembly Environment Committee, said: “Although the Government’s ...
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NewsProfits tumble at Lufthansa's cargo business
Lufthansa’s cargo and logistics segment saw operating profits tumble in the first quarter as volumes declined and expenses increased.Lufthansa’s logistics segment, which includes Lufthansa Cargo and other businesses such as time:matters and Jettainer, saw first-quarter revenues decline by 4% year on year to €616m while earnings before interest and tax ...
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NewsFirst glimpse of latest Cargolux B747F
Cargolux's official twitter account gave the air cargo industry a first glimpse of its latest Boeing 747 freighter yesterday (see second image below).The B747-400F aircraft (OO-THB) was pictured at Luxembourg ahead of its transportation to Malta to have the Cargolux livery added.The aircraft is one of three B747Fs that will ...
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Peter Gerber: A pragmatist's market view
Is air cargo’s glass half empty or half full? Industry pundits can sample a heady statistical cocktail of declining global volumes and load factors in early 2019, mixed and shaken with US-China tariff tussles and Brexit bungling.But what can we read from those statistics and are they truly indicative of ...
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NewsTurkish Cargo scoops Cargo Airline of the Year Award
Turkish Cargo was voted Cargo Airline of the Year 2019 as the airfreight industry gathered in the UK for a night of celebration at Air Cargo News’ industry Oscars, now in their 35th year.The Istanbul-hubbed airline secured the highest total number of votes cast by Air Cargo News readers to ...
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NewsBolloré opens dedicated aerospace warehouse in Hamburg
Bolloré Logistics has opened a dedicated aerospace warehouse in Hamburg, "strategically located" next to the German city's port.The 7,000 sq m aerospace facility is also a few kilometers from the production sites of major aircraft manufacturers and OEM suppliers.A spokesperson for the French forwarder said: "Thanks to direct access to ...
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NewsDSV expects Panalpina deal to complete in Q3 as profits rise
DSV expects to close its takeover of Panalpina by the end of the third quarter of this year.In its first quarter results, Denmark-based freight forwarder DSV revealed its expected timeline for its $4.6bn takeover of Panalpina.In May, DSV will file its planned share purchase with the relevant authorities, announce its ...
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NewsCEVA airfreight volumes fall in Q1, management changes after CMA CGM takeover
CEVA Logistics saw a decline in airfreight volumes during the first quarter of 2019 and the parent group has announced a series of top management changes in line with the takeover by French shipping giant CMA CGM.Air cargo volumes in the first quarter fell 6.9% year-on-year to 100,000 tonnes, mainly ...
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NewsOn message, WiseTech Global acquires Xware
L to R Vlad Bilanovsky (WiseTech), Anders Lyckosköld (Xware), Jonas Ericsson (Xware), Richard White (WiseTech)Logistics software firm WiseTech Global has acquired Xware, a messaging integration provider in Sweden.Xware’s interoperable messaging product, xTrade, is designed to link organisations to their suppliers and partners, allowing them to share information securely.Its products are ...
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NewsTurkish Cargo's Özen the latest to join Tiaca board
Turhan ÖzenTurhan Özen, chief cargo officer of Turkish Airlines and the head of the Turkish Cargo, has been elected to the Board of The International Air Cargo Association (TIACA).Özen has an extensive knowledge of the territories surrounding Turkey, having overseen business development in the Balkans, Middle East, and African regions.“With ...
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NewsEast Midlands Airport expands space for freighters
East Midlands Airport (EMA) is expanding the apron space for freighter aircraft as the UK cargo hub prepares for increased volumes driven by the e-commerce boom.The airport, whose freighter airline customers include Fed Ex/TNT, UPS and Royal Mail, is improving its infrastructure so that aircraft can load and unload more ...
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Korean Air Cargo continues with its digital development
Korean Air has implemented a new cargo management system, named iCargo, as it continues with its IT renewal programme.The iCargo internet platform, which will replace the existing 35-year-old system, combines the full scope of end-to-end cargo business functions of Korean Air – reservation, sales, terminal operation, revenue accounting, cargo portal ...
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NewsAsia Pacific airlines see further decline in cargo demand for March
Source: Association of Asia Pacific Airlines (AAPA)Preliminary traffic figures released by the Association of Asia Pacific Airlines (AAPA) for March show that air cargo markets contracted for the fifth consecutive month, against a backdrop of continued weakness in trade activity.Air cargo demand as measured in freight tonne kilometres (FTK) declined ...