All articles by Rebecca Jeffrey – Page 101
-
News
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 ...
-
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 ...
-
InsightsBournemouth ventures into cargo
24-hour capability, open slot availability and uncongested airspace are enabling Bournemouth Airport to style itself as a small but flexible alternative to London’s Heathrow and Gatwick airports.Born out of the pandemic, Bournemouth Airport’s cargo operations have been met with sustained demand, prompting it to carve out a long-term investment in ...
-
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), ...
-
News
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 ...
-
News
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 ...
-
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 ...
-
News
Airforwarders Association tackles US airport congestion
The Airforwarders Association (AfA) is driving an initiative to help find solutions for five critical issues contributing to airport congestion in the US.Members of AfA’s Airport Congestion Committee (ACC) have agreed to focus on developing solutions in the areas of: technology and automation; service standards; airport facilities and infrastructure; staffing ...
-
News
Shanghai capacity creeps back but trucking trouble remains
Flight capacity is slowly improving but trucking remains in trouble as the Shanghai lockdown goes on and there are concerns a lockdown could be rolled out in Beijing.Flexport said in a market update on April 26 that Shanghai continues to undergo lockdown due to high amounts of Covid cases.A round ...
-
News
AELF FlightService adds fifth A330 preighter to fleet
AELF FlightService has announced its fifth Airbus 330-200 is officially on certificate, flying in PAX-freighter configuration with seats removed.The aircraft (registered as 9H-CFS) commenced its first commercial flight in temporary freighter configuration on April 23, flying from Vietnam to the US.ACMI widebody charter operators in the world in terms of ...
-
NewsFirst 767-300 BCF conversion line opens in China
GAMECO conversion work. Photo: GAMECOChina’s first 767-300 Boeing Converted Freighter (BCF) conversion line has opened at Guangzhou Aircraft Maintenance Engineering Company's (GAMECO) premises.The on-schedule door cutting of the first aircraft—a key milestone in the conversion process – has now taken place at the Chinese MRO's facility.GAMECO’s recently opened conversion line ...
-
NewsCargolux racks up over a billion in 2021 profits
Cargolux Boeing 747-8 freighter. Photo: CargoluxCargo airline Cargolux’s 2021 results show profit after tax of $1.3bn, an increase of 68% over 2020.The Luxembourg-based airline saw an increase in tonnage and higher yields, recording revenues of $4.4bn, an increase of 40% over 2020.Earnings before interest and tax (EBIT) were $1.72bn, an ...
-
News
Drone Delivery Canada to develop drone technology with Bell Mobility
Drone Delivery Canada (DDC) will collaborate with Bell Mobility to develop products and services to improve technology as it relates to 5G network and multi-access edge computing in a bid to advance autonomous drones.The three-year definitive collaboration agreement, effective April 13, will focus on the development of technologies that will ...
-
NewsBAFCO joins WACO
Mohammad Aslam Kazi, chairman, BAFCO. Photo: BAFCOGlobal freight management and logistics network The WACO System (WACO) has announced that BAFCO International Shipping and Logistics Co., Ltd. (BAFCO) will be the latest addition to its global freight forwarding network as the representative for Saudi Arabia.Along with services including airfreight, ocean freight, ...
-
News
DSV gross profit grows 61% in Q1 2022 bolstered by air and sea freight
Freight forwarder DSV reported gross profit grew 61% in the first quarter of 2022 with the Air & Sea division achieving an EBIT growth of 109%.The Air & Sea division’s revenue amounted to DKr45,887m for the first three months of 2022, compared to DKr22,924m for the same period last year.For ...
-
NewsAir Canada buys two B767-300Fs as revenues climb
Boeing 767F. Photo: Air CanadaAir Canada has purchased two new Boeing 767-300F freighters that are due to be delivered this year.The two factory-built freighters will be in addition to the eight Boeing 767-300s that are being converted for Air Canada Cargo operations. Earlier this month, Air Canada Cargo added its ...
-
NewsCDB Aviation takes delivery of its first P2F
A330-300 P2F. Photo: CDB AviationCDB Aviation has taken delivery of its first freighter aircraft, an Airbus A330-300 passenger-to-freighter (P2F).The aircraft was converted by Elbe Flugzeugwerke (EFW) in Dresden and is the first of two A330 P2Fs leased to the lessor's launch customer, Mexico-based cargo carrier, mas. The carrier is expected ...
-
NewsECS Group’s BCS AIR to be GSSA for DHL Aviation
B767-300F. Photo: DHLECS Group’s Brazilian subsidiary, BCS AIR, is working with DHL Aviation to set up the airline’s first Brazilian connection and will serve as its exclusive GSSA when flights commence on July 10.DHL Aviation will operate a Boeing 767-300F from Viracopos via Bogota, Columbia to Miami, US, every day ...
-
NewsCall to improve safe transport of lithium batteries
Source: DestinaDesign/ ShutterstockAirfreight and ship transport of lithium batteries needs to become safer to prevent fires, TT Club has said.The international freight transport insurer said it is calling for increased vigilance to ensure secure and safe lithium battery supply chains following a number of recent fire incidents affecting container transport, ...
-
NewsUrban-Air Port opens UK demonstration hub for cargo drones
Air-One. Photo: Urban-Air PortUK start-up Urban-Air Port Ltd (UAP) has opened a demonstration hub for electric vertical take-off and landing (eVTOL) vehicles in Coventry.Air-One, designed for eVTOL vehicles such as air taxis and autonomous cargo drones, will be operated by UAP for at least one month.The hub in Westminster Car ...