All articles by Damian Brett – Page 131
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NewsChallenge Group reveals ambitious freighter fleet growth plans
The Challenge Group, which includes two freighter airlines, cargo handling and logistics businesses, is aiming to triple the size of its fleet over the next five years as it builds on a busy start to the decade.Challenge Group chief executive Yossi Shoukroun tells Air Cargo News that much has changed ...
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Bolloré agrees €5.7bn deal to sell African logistics business
The Bolloré Group has agreed to sell its African logistics business to container shipping giant MSC in a deal with an enterprise value of €5.7bn.The two companies entered discussions over the sale in December and, following the favourable opinions issued by each of the employee representative bodies, the two companies ...
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Conversions to cool in second half of the decade
Freighter conversions are expected to cool in the second half of the decade after nearly doubling in the last few years.In a LinkedIn post, Mike Stengel, senior associate at AeroDynamic Advisory, said that in the 1990s the average number of conversions each year was 57, in the 2000s this increased ...
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NewsLATAM receives second B767 converted freighter
Source: LATAM CargoLATAM Cargo has received the second of 10 B767 converted freighters ordered as part of plans to expand its cargo business.The latest addition (CC-CXE) increased the group's freighter fleet to 13 aircraft with another eight due to be delivered by the end of 2023.The 13-year-old Boeing converted freighter ...
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NewsFedEx teams up with Elroy Air on US drone network
Source: FedExFedEx Express has partnered with drone firm Elroy Air to develop the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system.The tie up will see FedEx Express test Elroy Air’s Chaparral autonomous air cargo system within the company’s middle-mile logistics operations in the US, moving shipments between ...
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NewsMixed outcome for airlines in battle against air cargo cartel fines
Source: ShutterstockThere was mixed outcome for airlines in their battle against air cargo cartel fines issued by the European Commission.On March 30, the European Union (EU) General Court dismissed the actions brought by Martinair Holland, KLM, Cargolux Airlines, Air France-KLM, Air France, Lufthansa, Singapore Airlines and Singapore Airlines Cargo and ...
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Menzies and NAS finalise £571m takeover deal
Menzies will recommend to shareholders a takeover offer from Agility subsidiary National Aviation Services (NAS) that values the company at £571m.The two companies today announced they reached agreement on the terms of a recommended cash offer to acquire 100% of the ordinary shares in Menzies at a price of £6.08 ...
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NewsNew chief executive for FedEx as founder Smith takes new role
FedEx Corp will gain a new chief executive in June when Raj Subramaniam steps up to take over from company founder Fred Smith.Effective June 1, current chairman and chief executive Fred Smith will become executive chairman. Meanwhile, current president and chief operating officer Raj Subramaniam will be promoted to president ...
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NewsDHL adds extra freighters through Cargojet tie up
DHL B777. Source: DHL ExpressDHL Express has entered into a long-term agreement with freighter operator Cargojet that could potentially see the express firm acquire shares in the freighter company.The five-year deal, with options for an extra two years, will see Cargojet provide an extra five B767 freighters in addition to ...
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Qatar Cargo teams up with CargoWise on e-bookings
Software firm WiseTech Global's freight forwarder users will be able to book space on Qatar Airways Cargo flights after the two announced a new e-booking partnership.The eBooking connection between WiseTech’s CargoWise platform and Qatar Airways Cargo management system, CROAMIS, enables freight forwarders using CargoWise to choose their flight and confirm ...
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Rates decline in March despite Ukraine crisis and Covid restrictions
Airfreight rates on major east-west trade lanes declined in March despite the impact of the Ukraine crisis on airfreight and supply chain disruption in Asia caused by Covid.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in March rates on services from Hong Kong to North America ...
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Air Canada Cargo adds capacity to booking portal WebCargo
Air Canada Cargo is expanding its e-booking presence by placing its capacity on online platform WebCargo.The move will allow the airline's freight forwarder customers to view real-time pricing and make bookings on its aircraft.Air Canada capacity will begin to appear on the platform in the next few weeks, the carrier ...
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NewsPlatform tackles new house air waybill requirement at Frankfurt
Photo: Fraport GroupForwarders and handlers have reported faster processing for import consolidations following the implementation of a new platform at Frankfurt Airport that aims to tackle new house air waybill requirements.The new FRA-OS import platform from Dakosy, which tracks shipments electronically on the airport premises, was put in place following ...
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NewsAGI invests in tech and space to mitigate Chicago cargo congestion
Photo: Alliance Ground InternationalUS ground handler Alliance Ground International (AGI) has invested $100,000 in a new cargo control centre system that will help overcome congestion at Chicago O'Hare and has also expanded capacity.AGI recently added what it calls an Operations Control Centre (OCC) to its Chicago operation. The OCC brings ...
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NewsMilestone reached on Hong Kong International expansion
Flight checks on Hong Kong International's new third runway began over the weekend with operations expected to start later this year.The airport authority said that the flight check started on March 26 in collaboration with the Civil Aviation Department and the Flight Inspection Center of Civil Aviation Administration of China.The ...
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Cathay Pacific freighters to return to Europe in April
Cathay Pacific Cargo will restart freighter flights to Europe after an absence from the trade lane of more than three months.The carrier will add a twice-per-week B747 freighter flight from Hong Kong to Frankfurt - operating on Wednesdays and Saturdays - starting on April 13.From Frankfurt the airline will offer ...
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NewsAir cargo's digital drive boosts transactions at Awery
Vitaly Similanets, Awery Aviation Software. Source: Awery Aviation SoftwareAwery Aviation Software has seen a rapid rise in the number of transactions on its air cargo booking software as the industry continues its digital drive.Over the last six months, the company has reported 400% increase in transactions on CargoBooking, its booking ...
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NewsEFW receives STC for world’s first A320P2F
Source: EFWElbe Flugzeugwerke (EFW) has received the Supplemental Type Certification (STC) from the European Union Aviation Safety Agency (EASA) for its head-of-version A320 Passenger-to-Freighter (P2F) aircraft.The unit is the first A320P2F aircraft to be developed in the world. Three months ago the aircraft conducted its maiden test flight in Singapore.The ...
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CargoLogic Germany suspended from EU airspace and CargoLogicAir fleet inactive
CargoLogic Germany has been told it is no longer permitted to fly in European Union airspace while sister company CargoLogicAir has not conducted a flight for almost two weeks.Flight tracking websites show that UK-registered CargoLogicAir’s two B747-400Fs are currently parked at Los Angeles International and Frankfurt Hahn having conducted their ...
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NewsACS continues to arrange relief flights for Ukraine refugees
Source: Air Charter ServiceAir Charter Service (ACS) has arranged more relief flights to Poland and Moldova to provide aid to Ukrainian refugees fleeing the conflict in their home country.The charter broker said that it had now arranged more than 20 relief flights to Poland and several more to Moldova carry ...