Business – Page 3
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NewsAir New Zealand signs up for electric freighter
Air New Zealand and aviation finance firm Avolon have signed a letter of intent for the sale and lease back of an electric cargo aircraft from manufacturer Beta
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NewsUPS completes Frigo-Trans and BPL acquisitions
UPS has completed the acquisition of Germany-based Frigo-Trans and its sister company BPL, which provide complex healthcare logistics solutions across Europe.
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NewsForward Air considers sale
Photo: Shutterstock US transport company Forward Air is considering a potential sale or merger as part of a review of its financial performance and value. The Forward Air board of directors will consider options including a sale, merger or another strategic or financial transaction “to maximize shareholder ...
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NewsCIS acquires Acuitive’s AcuAudit
Generic Financial funding generic Photo: Number1411/ Shutterstock 530884729 Photo: Number1411/ Shutterstock Global provider of freight audit and payment solutions Cass Information Systems (CIS) – not to be confused with IATA’s CASS settlement platform – has acquired ocean and airfreight audit platform AcuAudit from Acuitive Solutions. AcuAudit is ...
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NewsAir Cargo News’ most read stories in 2024
2024 was a better than expected year for air cargo, according to many stakeholders in the industry. E-commerce and Red Sea-related sea to air demand helped push up volumes, although there were also plenty of challenges throughout the year. Not unexpectedly, the sale of DB Schenker, a milestone e-commerce flight ...
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NewsFedEx Freight to be split from FedEx and Q2 Express revenue flat
The board of FedEx has agreed to separate FedEx and FedEx Freight
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NewsCargoLogicAir stock at Schiphol and Han to be sold
CargoLogicAir’s stock at Schiphol and Hahn will be sold this year
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NewsScan Global Logistics acquires ITN Logistics Group
Scan Global Logistics has acquired ITN Logistics Group
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NewsTIACA signs up to Aviation 4 All declaration
Glyn Hughes, TIACA Glyn Hughes, TIACASource: TIACA TIACA has signed a joint declaration supporting the launch of the Aviation 4 All industry declaration developed by the International Aviation Forum (IAF). The declaration was developed by the IAF to set out clear goals to achieve sustainable growth and ...
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NewsWFS swoops on Wallenborn Outsourcing and adds fourth Copenhagen facility
WFS will open a fourth cargo terminal in Copenhagen
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NewsPeso and Air One gain court approval for takeover of Air Belgium’s cargo business
Air One and Peso Aviation gain court approval for takeover of Air Belgium’s cargo business
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NewsUS forwarder manager charged with illegal exports to Russia
The manager of a US forwarding company has been charged with flouting sanctions to ship items to Russia.
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NewsArdian becomes largest Heathrow Airport stakeholder
French private investment company Ardian has become the largest shareholder of London’s Heathrow Airport
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NewsKorean Air completes drawn out acquisition of Asiana
Korean Air has today completed the $1.3bn acquisition of Asiana Airlines
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NewsMenzies awarded IATA’s CEIV Li-batt certification
Menzies Aviation has been awarded IATA’s Center of Excellence for Independent Validators Lithium Batteries (CEIV Li-batt)
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NewsExecutive team shuffle for SEKO
SEKO Logistics has announced several new senior appointments with the successful close of its previously announced recapitalisation
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NewsIATA launches air cargo device assessment programme
IATA has launched an ‘Air Cargo Device Assessment Programme’ with the aim of validating air cargo tracking devices
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NewsIATA launches air cargo device assessment programme
Photo: Jaromir Chalabala/ Shutterstock The International Air Transport Association (IATA) has launched an ‘Air Cargo Device Assessment Programme’ with the aim of validating air cargo tracking devices, data loggers and sensor-equipped devices for compliance with industry safety standards. IATA explained the assessment programme aims to support more ...
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NewsStonepeak takeover of ATSG to progress as 'go-shop' period expires
Photo: EFW Investment firm Stonepeak’s $3.1bn takeover of freighter aircraft leasing giant ATSG will move ahead following the expiration of a go-shop period. The two businesses entered into a definitive agreement for the deal in early November but this included a 35-day go-shop period, which came to ...
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News
UK and Dutch investors await approval to pick up Air Belgium’s freight operations
UK long-haul freight specialist Air One Holdings International and a Dutch firm, Peso Aviation Management, are looking to take over the cargo operations of struggling carrier Air Belgium. The two investors have submitted an offer to a business court which, according to Air Belgium, is set to issue a decision ...