Airlines – Page 89
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NewsIATA reports improving air cargo market in June
Air cargo volume declines narrowed to their lowest level of the year in June with hopes that lower levels of inflation could aid economic recovery.The latest figures from IATA show that in June air cargo demand decreased by 3.4% year on year, while capacity was up 9.7% and the average ...
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NewsWestern Global files for chapter 11 bankruptcy protection
Source: Carlos Yudica/ShutterstockTroubled US freighter operator Western Global Airlines (WGA) has filed for Chapter 11 bankruptcy protection as part of efforts to stabilise operations.Following on from reports last week that the airline had reached a bankruptcy financing deal, WGA today confirmed that it had filed for the protection whilst also ...
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Air cargo set for slow recovery as it reaches the bottom
Air cargo volume declines have bottomed out but are expected to remain in the doldrums for a while yet.Writing in the latest Baltic Exchange air cargo market newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel said that the company felt ...
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NewsMASKargo adds dolly tracking technology
Source: MASKargoMASKargo has begun tracking dollies at its Kuala Lumpur hub as part of efforts to improve operational efficiency.The Malaysia-based airline said it had fitted a digital tracking system on its 20ft dollies at the airport that has a geofencing alarm with 1.5 km coverage.The system increases dolly utilisation by ...
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Freighter leases help ATSG cash in
Air Transport Services Group's (ATSG) Cargo Aircraft Management (CAM) division looked healthy in the second quarter ended June 30, thanks to sustained freighter leases.Aircraft leasing and related revenues from external customers in the second quarter were up 4% for CAM, year on year.This was "driven by higher average lease rates ...
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NewsCathay Cargo receives IATA’s CEIV Lithium Batteries accreditation
Cathay chief customer and commercial officer Lavinia Lau (right) and director cargo Tom Owen (left) receive the IATA Center of Excellence for Independent Validators Lithium Batteries (CEIV Li-batt) certification from IATA regional vice president Xie Xingquan. Photo: Cathay PacificCathay Cargo and the Cathay Cargo Terminal have received the IATA ...
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NewsDronamics appoints general manager in Australia
Gavin Gomes, general manager of Dronamics' Australia operations. Photo: DronamicsCargo drone airline Dronamics has strengthened its position in the Asia Pacific region with the appointment of Gavin Gomes as general manager of its Australia operations.The appointment, effective August 1, also sees Gomes become a member of the senior management team.Gomes’ ...
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LATAM Cargo revenues take a hit as southbound demand softens
Chile-headquartered LATAM Airlines Group cargo revenues took a hit in the three months ended June 30, against a backdrop of softening demand.Cargo revenues decreased by 23.2% year on year in the second quarter to reach $355m. This was as capacity grew, and southbound demand to South America declined.Nonetheless, the carrier ...
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NewsLufthansa Cargo outperforms the market in Q2
Photo: Lufthansa GroupLufthansa Cargo “outperformed the market as a whole” in the second quarter of this year, as average yields remained 40% above 2019 levels despite lower air cargo demand.Freight capacity was six percent above the same period of 2022, largely due to the recovery in passenger demand and subsequent ...
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MSC acquires majority stake in AlisCargo Airlines
Mediterranean Shipping Company (MSC) has acquired a majority stake in Milan-based airfreight carrier AlisCargo Airlines.The acquisition follows MSC's confirmation last month that it was in talks with the cargo airline, as it continues to develop its air cargo operations.This deal initiates a 100% takeover set to take place at the ...
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NewsWinter of discontent predicted as air cargo rates plummet
With volumes down and capacity up, July saw global air cargo rates continue their downward trajectory – foreshadowing a tough winter season for airlines, according to market analysis by Xeneta-owned CLIVE Data Services.“The month of July rarely provides any surprises in terms of unexpected performance levels in the global air ...
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ANA launches PRIO FRESH solution for perishable airfreight
Japanese carrier ANA Cargo (the freight arm of All Nippon Airways) has begun offering its new PRIO FRESH service for international perishable airfreight transport on flights from Haneda, Narita, Kansai, Fukuoka, Nagoya and Chitose airports.PRIO FRESH is part of the airline’s PRIO portfolio of value-added services for international cargo. Customers ...
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NewsPolar Air Cargo renews Network Cargo contract in Canada
A Polar Air Cargo Boeing 747-400 Freighter. Photo: Network Aviation GroupNew York-based all-cargo carrier Polar Air Cargo has renewed its GSA contract with Network Cargo across Canada for a further three years, as of July 1.Network Cargo is the GSSA branch of the Network Aviation Group in North America. The ...
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Air India aims to triple cargo capacity over five years
Air India said it plans to triple its cargo capacity through belly capacity within the next five years.The airline has firm orders for 34 Airbus A350-1000, six A350-900, 20 Boeing 787 Dreamliner, and 10 Boeing 777X widebody aircraft. These aircraft are expected to increase Air India’s annual cargo capacity by ...
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Drone Delivery Canada completes first commercial flights
Drone Delivery Canada (DDC) has completed the first flights in a commercial setting for the Canary remote piloted aircraft (RPA) on the Care by Air route, which is the company's longest ever commercial route at 13.4km.DDC completed three round trip flights with the Canary on the Care by Air route, ...
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NewsVideo: What events have had the largest impact on the industry in the last 40 years?
Air Cargo News is celebrating 40 years of breaking news and views. As well as looking back through time ourselves at the biggest stories of the last 40 years, we decided to ask a selection of industry stakeholders what events have had the largest impact on the industry in the ...
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NewsVideo: What have been the biggest changes in the industry in the last 40 years
Air Cargo News is celebrating 40 years of breaking news and views. As well as looking back through time ourselves at the biggest stories of the last 40 years, we decided to ask a selection of industry stakeholders what events have had the largest impact on the industry in the ...
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Western Global Airlines reaches bankruptcy financing deal
Florida-headquartered Western Global Airlines (WGA) has reached a bankruptcy financing deal that will enable the cargo carrier to continue operating while it addresses its financial position.According to a Bloomberg report published on July 31, the carrier has lined up US$77.3m of bankruptcy financing at a rate of 9% over the ...
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YTO Express adds Guangzhou–India links
Shanghai-headquartered express delivery company YTO Express is to launch three weekly Boeing 767-300 freighter flights linking Guangzhou Baiyun International Airport with Chennai, Mumbai and Delhi in India.According to a report by Chinese news agency Xinhua, each round trip will carry cargo including electronic products, automotive parts, textiles and machinery.The flights ...
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CMA CGM Air Cargo faces crosswinds
CMA CGM Air Cargo looked to be facing challenges as its parent shipping group released its second quarter results.French shipping and logistics group CMA CGM did not provide specific financial figures for its cargo airline, but stated that second quarter revenue "from other activities, which include port terminals and CMA ...