US freighter operator Amerijet is offloading Boeing 757 aircraft and restructuring the business as it looks to respond to changing…
Business
Future of Leipzig/Halle cargo hub under scrutiny
10 / 01 / 2024
Auditing firm KPMG has completed a restructuring report on the financially ailing operator of Leipzig/Halle Airport, Mitteldeutsche Flughafen AG (MFAG),…
ECJ blocks UPS’ claim for TNT deal damages
22 / 12 / 2023
Europe’s top court has rejected UPS’ claims for damages of more than €1.7bn related to its failed takeover of TNT…
FedEx reorganises air network
21 / 12 / 2023
FedEx will reorganise its air network to better suit the demands of various shipment types as part of efforts to…
FedEx claws back costs in Q2 but Express suffers
20 / 12 / 2023
FedEx’s continuing work to trim costs within the business were evident in its second quarter 2024 results, although the Express…
Ethiopian Airlines secures financing for two 777Fs
20 / 12 / 2023
Ethiopian Airlines has secured a $450m loan agreement that it will partly use to finance the purchase of two of…
CargoLogicAir administration to progress after bank account secured
18 / 12 / 2023
CargoLogicAir’s joint administrators have secured access to a bank account that will allow the administration process to progress. In a…
Insurance integration for Breeze and Barrington Freight
30 / 11 / 2023
Barrington Freight has signed up with Breeze’s integrated digital insurance platform. Use of the platform removes the need to source…
Booking portal Freightos sees Q3 revenues rise but losses deepen
22 / 11 / 2023
Freightos continued to record improvements in both revenues and the number of transactions made on its booking portals in the…
CargoLogicAir extends administration period
13 / 11 / 2023
UK freighter operator CargoLogicAir has extended its administration period as it looks to meet creditor demands. The airline was last…