IAG Cargo exits freighter business

INCREASED belly capacity has forced IAG Cargo out of the freighter business.
The all-cargo arm of British Airways and Iberia has terminated its deal with Global Supply Systems (GSS), under which it has three leased B747-8Fs.
The decision, says Steve Gunning, chief executive of IAG Cargo, comes after the merged company reviewed its long-haul freighter programme.
“The review took into account the growing cargo capacity available to us from our passenger fleet, as well as the outlook for the airfreight industry overall.
“We have taken the strategic decision to significantly revise our long-haul freighter programme.”
Rod Lynch, chairman of GSS, states: “GSS is proud of its 12 years of freighter operations for British Airways World Cargo – and then IAG Cargo. Although we are sorry to see the relationship end, we understand IAG Cargo’s decision and will now direct GSS towards new opportunities.”