Business

Future of Leipzig/Halle cargo hub under scrutiny

Auditing firm KPMG has completed a restructuring report on the financially ailing operator of Leipzig/Halle Airport, Mitteldeutsche Flughafen AG (MFAG),…

Read More

ECJ blocks UPS’ claim for TNT deal damages

Europe’s top court has rejected UPS’ claims for damages of more than €1.7bn related to its failed takeover of TNT…

Read More

FedEx reorganises air network

FedEx will reorganise its air network to better suit the demands of various shipment types as part of efforts to…

Read More

FedEx claws back costs in Q2 but Express suffers

FedEx’s continuing work to trim costs within the business were evident in its second quarter 2024 results, although the Express…

Read More

Ethiopian Airlines secures financing for two 777Fs

Ethiopian Airlines has secured a $450m loan agreement that it will partly use to finance the purchase of two of…

Read More

CargoLogicAir administration to progress after bank account secured

CargoLogicAir’s joint administrators have secured access to a bank account that will allow the administration process to progress. In a…

Read More

Insurance integration for Breeze and Barrington Freight

Barrington Freight has signed up with Breeze’s integrated digital insurance platform. Use of the platform removes the need to source…

Read More

Booking portal Freightos sees Q3 revenues rise but losses deepen

Freightos continued to record improvements in both revenues and the number of transactions made on its booking portals in the…

Read More

CargoLogicAir extends administration period

UK freighter operator CargoLogicAir has extended its administration period as it looks to meet creditor demands. The airline was last…

Read More

ATSG scales back 767-300 freighter conversions for 2024

Air Transport Services Group (ATSG) is halting any additional 767-300 freighter conversions next year due to the soft air cargo…

Read More