Broker Avico lists freighter capacity on trading platform Airblox

Air charter broker Avico has started listing freighter capacity with online marketplace Airblox, a platform that allows market players to trade cargo capacity.

The platform allows brokers, freight forwarders and airlines to trade cargo capacity in the form of standardised electronic Block Space Agreements (eBSAs).

“This is a collaborative alliance as we create the world’s first digital cargo capacity exchange, where air cargo capacity can be traded as eBSAs,” said Edip Pektas, founder, Airblox.

Sébastien Drieu, cargo director, Avico, added: “We are aiming to optimise the capacity we are chartering and create value on otherwise empty legs on behalf of our customers across the airfreight community, even for ad hoc flights.

“If we charter a freighter to transport oversized cargo, for example, our customers will benefit from us being able to make use of capacity, which would otherwise not be used.”

Airblox users can bid for space by submitting offers on single or multiple lanes where the seller can review and accept the lane to the bidder of their choice.

Users can also buy space, purchasing on single or multiple lanes, or block space, reserving single or multiple lanes for a partial premium of the purchase price set by the seller.