All articles by Damian Brett – Page 164
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News
KWE Canada lands forwarder Prestige Air Cargo
The Canadian arm of Kintetsu World Express (KWE) has acquired seafood specialist forwarder Prestige Air Cargo as it looks to grow its customer base.KWE did not disclose the terms of the deal but said the acquisition offers "not only an opportunity to expand its customer base but also to create ...
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NewsQatar Cargo roars into action for lion charity flights
Qatar Airways Cargo has transported seven lions to nature reserves in South Africa free of charge as part of its Rewild the Planet initiative.The operation saw the carrier transport three lions, one lioness and three cubs from Kiev to Doha and then Johannesburg over three days.The lions were then transported ...
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News
IAI to open Korean B777 conversion line to meet demand
Israel Aerospace Industries' (IAI) Aviation Group is planning to open a new B777 freighter conversion line at Incheon International Airport in South Korea to meet demand.The conversion firm signed a Memorandum of Agreement (MoA) with the Incheon International Airport and MRO firm Sharp Technics to establish the facility, which will ...
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NewsDHL Global Forwarding sees airfreight revenues and profits soar in Q1
Deutsche Post DHL Global Forwarding has reported large increases in its airfreight revenues, profits and volumes in the first quarter as higher demand and lower capacity benefited the company.The forwarder, which could this year lose its status as the airfreight market leader due to Kuehne+Nagel's plans to acquire Apex, saw ...
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News
E-commerce demand boosts Cargojet in Q1
Cargojet saw revenues and profits increase in the first quarter of the year as it continued to benefit from a boom in e-commerce demand.The Canada-based aircraft owner and operator saw first-quarter revenues increase by 30.3% year on year to C$160.3m, earnings before interest and tax were up from a C$0.9m ...
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NewsMultimodal shipping group adds dedicated airfreight forwarding division
Multimodal container shipping firm Samskip has launched an airfreight forwarding division.The European shipping company, which offers rail, road, shortsea and inland waterway shipping as well as freight forwarding services, has opened a dedicated Samskip Air office at Schiphol Airport.The company, which does already book airfreight traffic through its forwarding business, ...
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News
Singapore Airlines picks WFS for Brussels freighter flights
Singapore Airlines has awarded a cargo handling contract to Worldwide Flight Services (WFS) for its flights into Brussels and also renewed existing agreements in Paris, London and Manchester.The contract in Belgium is a three-year deal and will cover Singapore Airlines’ five Boeing 747 cargo flights each week, utilising WFS’ new ...
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News
321 Precision gains STC for A321 conversion
The US Federal Aviation Administration has awarded 321 Precision Conversions its Supplemental Type Certificate for its A321-200PCF programme.The company, which is a joint venture between Air Transport Services Group (ATSG) and Precision Aircraft Solutions, said that its first conversion would soon begin operations following the granting of its STC.Precision Aircraft ...
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NewsTIACA survey highlights growing importance of sustainability in air cargo
Sustainability is growing in importance for the air cargo industry, according to a survey from supply chain group TIACA.The survey found that 63% of respondents believe that sustainability was more important to the industry in 2020 than it was in 2019, despite the Covid-19 outbreak.Of the various air cargo players, ...
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News
Etihad Cargo expands dry ice carrying capacity
Etihad Cargo has received UAE General Civil Aviation Authority (GCAA) approval to expand dry ice carrying capabilities across its Boeing Dreamliner and Boeing 777 fleet.The GCAA approval means the carrier’s main Boeing fleet can now carry up to five times more dry ice per flight, enabling it to provide "enhanced ...
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NewsCargo handler Skyport changes hands
Infrastructure investment firm Ventus and Singapore-based company Sky Logistica have acquired Prague-based cargo handler Skyport.Skyport offers cargo handling at Prague Airport, where it processes more than half the airport's cargo traffic, and also has operations in Bratislava and Košice, both in Slovakia.“The last twelve months have proved the importance of ...
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NewsBudapest Airport aims for China cargo with dedicated facilities
Budapest Airport - Zhengzhou Exclusive Oversea Terminal. Photo: Budapest Airport/Robert BaranyiBudapest Airport (BUD) has dedicated an air cargo facility to cargo from China as part of efforts to become a central European distribution hub for traffic from the country.The airport explained that as part of a development project with Zhengzhou ...
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News
Dronamics adds three German droneports
Drone operator Dronamics has added three airports in Germany that will be part of its broader European Droneport Network.The three airports are Paderborn-Lippstadt, Rostock–Laage and Airport Weeze, which the drone firm said could service a total of 12.7m people within a one-hour drive.Dronamics said that its droneport network now totals ...
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NewsSilk Way West expands fleet with B777 freighter order
Zaur Akhundov, Silk Way Group, and Stan Deal, Boeing Commercial Airplanes Copyright Silk Way WestSilk Way West Airlines will expand its fleet through the addition of five production Boeing 777 freighter aircraft.The aircraft will be delivered between 2023-2027 and, as well as being the first B777Fs in the Silk Way ...
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News
DSV Panalpina airfreight volumes slide in first quarter
DSV Panalpina saw its airfreight volumes decline in the first quarter of the year despite growth in the overall market.The forwarder's air volumes for the period declined by 6.6% year on year to 336,307 tonnes, while the overall market is estimated to have grown by 5-7% as it bounced back ...
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News
DSV to break into top three with takeover of Agility GIL
DSV is set to become a top three global forwarder as it continues its expansion through the planned acquisition of Agility Global Integrated Logistics (GIL) in a deal worth around $4.1bn.The purchase is expected to increase DSV's annual revenue by around 23%, which will rank the combined company as one ...
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NewsCainiao targets Hainan free trade zone with freighter flights
Alibaba logistics arm Cainiao Smart Logistics Network has launched seven freighter flights to Hainan to meet demand following the island's designation as a free trade zone.The charter flights will operate between Singapore and Sanya and Haikou airports on the island. This comprises five weekly Haikou-Singapore direct flights and twice weekly ...
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NewsAsk the expert: The Future of Air Cargo
Air Cargo News — in partnership with Air Cargo Europe — will host the Future of Air Cargo webinar and we would like to give our readers the chance to submit question to our panel of experts.The webinar will explore how air cargo will emerge from the Covid crisis and ...
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NewsK+N records first airfreight volume increase in two years
Kuehne+Nagel (K+N) saw quarterly air cargo volumes increase for the first time in more than two years, while revenues and operating profits were also on the up.The Switzerland-headquartered freight forwarder recorded a 16% year-on-year increase in first-quarter airfreight volumes to 433,000 tonnes as the market bounced back from a pandemic-related ...
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News
Japan Post's sale of Toll Global Express 'painful'
Japan Post Holdings is expected to sell Toll Global Express at a loss as it looks to offload the troubled business.Earlier this week, Toll Group announced that it had entered into an agreement for the sale of its Global Express business to Australian private equity fund manager Allegro Funds.The Global ...