All articles by Damian Brett – Page 201
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News
LATAM says no impact on cargo as it files for bankruptcy protection
South American operator LATAM Airlines Group, along with some of its affiliates, is filing for US Chapter 11 creditor protection in order to undertake a restructuring process.The company says the voluntary filing has the support of key shareholders Cueto Group and Qatar Airways, which will provide up to $900m in ...
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Lufthansa Group secures €9bn in financial support
Lufthansa Group has secured approval from the federal German government’s economic stabilisation fund, WSF, for a €9bn financial package.Under the agreement the WSF will contribute up to €5.7bn to Lufthansa’s assets including €4.7bn in equity.The measure will be supplemented by a syndicated three-year credit facility of up to €3bn, provided ...
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NewsAmazon Air's freighter fleet projected to hit 200 in 2028
A new report suggests that Amazon Air's freighter fleet could hit 200 aircraft in 2028 as it opens its Cincinnati hub and expands international flights.The report from Joseph Schwieterman and Jacob Walls of the Chaddick Institute for Metropolitan Development predicts that the e-commerce giant's fleet will grow from its 39 ...
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NewsCSafe completes pharma ULD track-and-trace trial
Temperature-controlled packaging firm CSafe Global has added track-and-trace technology to its active air cargo containers following a commercial pilot shipment.CSafe partnered with forwarder DHL for a pilot shipment, transporting RKN containers loaded with temperature-sensitive pharmaceuticals from Puerto Rico to Kentucky by air and then transported by truck to their destination ...
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NewsLATAM Cargo launches its first Europe to US freighter service
LATAM Cargo B767LATAM Cargo has launched services from Europe to the US for the first time, as capacity on the trade has been reduced due to the coronavirus outbreak.The airline will offer a twice-weekly service from Frankfurt to Miami. It is expected to carry pharmaceuticals, auto parts and electronic products, ...
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Strong start to the year for Air Partner following a tough 2019
Charter broker Air Partner saw profits and revenues decline last year but is expecting a busy 2020 as a result of the coronavirus outbreak.Announcing results for the year ending January 31, the company saw full-year revenues decline 13.9% year on year to £66.7m, gross profit was down 3.7% to £34.2m ...
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NewsKolkata Airport re-opens after devastating cyclone hits
India's Kolkata Airport has restarted cargo operations after it was hit by Cyclone Amphan last night.The cyclone hit Kolkata yesterday with winds reaching 120 km per hour.It claimed the lives of at least 84 people across India and Bangladesh and brought flooding and power outages across the West Bengal region.The ...
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NewsAir cargo in stable condition following coronavirus crisis
CLIVE managing director Niall van de Wouw provides an update on the latest market statisticsWhen the status of a patient submitted into hospital is described as ‘stable’ it often means that they are not well at all, but that, for the time being, their condition is not getting worse. The ...
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News
Astral expands intra-Africa air cargo network
Astral Aviation has expanded its intra-African network to meet capacity shortages caused by the coronavirus outbreak.The Nairobi-headquartered airline said that from May 25 it would add scheduled weekly flights to Lilongwe in Malawi, Lusaka in Zambia and Kismayo and Bosaso in Somalia.This will increase the total number of destinations it ...
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NewsAerotranscargo set for expansion
Aerotranscargo B747-400FAerotranscargo is planning to increase its freighter fleet and charter network over the coming months.The Moldova-based airline said that it will add an extra two Boeing 747-400 freighters to its fleet in July, bringing the total number of B747Fs it operates commercially to six.Meanwhile, it has also recently expanded ...
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NewsAir cargo capacity slides as airport congestion slows operations
The gap between air cargo capacity in 2020 and last year has grown again as airport congestion has slowed freighter operations.The latest data from Accenture's Seabury Consulting shows that global air cargo capacity was last week 28% lower than a year ago. Last week the figure stood at 25%.The decline ...
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News
FTA welcomes UK government's proposed EU trade agreement
The UK's Freight Transport Association (FTA) has welcomed the UK government's proposed Free Trade Agreement that will be used for discussions over trade arrangements with the European Union (EU).The UK, which left the EU on January 1 and entered an 11-month transition period, yesterday published 13 documents, including the trade ...
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NewsWagtail UK launches explosive detection dog services for air cargo
Wagtail UK FREDDWagtail UK has achieved government certification to provide explosive detection dog services for the UK air cargo industry.The company said that it had undertaken a "rigorous training programme" set out by the UK government to prepare its Free Running Explosive Detection Dogs (FREDD) for air cargo screening.Wagtail’s first ...
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NewsAerCaribe to add another B737-400F
Aeronautical Engineers, Inc. (AEI) has signed a contract to provide Columbian-based AerCaribe with a B737-400SF freighter conversion.The aircraft (MSN 24130) is onsite and work has commenced, with modification touch labor performed by AEI partner Commercial Jet at its Dothan, Alabama facility. This freighter conversion represents the second AEI freighter for ...
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NewsTop 20 cargo airports 2019: Hong Kong tops the list but demand down overall
Hong Kong International Airport (HKIA) maintained its position as the world's busiest cargo airport last year, but challenging market conditions led to an overall decline in demand at the top 20 hubs (full list below) in 2019.Statistics from Airports Council International (ACI) show that the top 20 cargo airports saw ...
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NewsLufthansa Cargo ramps up Shenzhen capacity
Lufthansa Cargo is now offering 14 weekly cargo flights from Shenzhen (SZX) to Frankfurt as it looks to meet demand.The cargo business said the first aircraft — an Airbus A330-300 operated by Lufthansa, which took off from Shenzhen on May 18 with around 3m respiratory masks and other medical protective ...
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Rates from Hong Kong decline but continue to climb from China
Airfreight rates from Hong Kong to the US fell last week while pricing out of China continues to increase as airport congestion continues.The latest statistics from TAC Index show that last week average prices from Hong Kong to North America dropped by 23.4% compared with a week earlier to $6.49 ...
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DSV and K+N take differing approaches to job cuts during the Covid-19 crisis
In late April Copenhagen-headquartered DSV Panalpina announced that it would cut around 3,000 jobs as a result of the coronavirus outbreak and its impact on the market.The logic to the move could be seen in the volume declines reported by many of the major forwarders – if you aren’t selling ...
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NewsIBS and WebCargo to partner on digital air cargo bookings
Left: Ashok Rajan, IBS Software. Right: Manel Galindo, WebCargoOnline freight booking portal WebCargo and IBS Software are partnering to combine their platforms.The partnership means that the more than 30 airlines that use IBS Software's iCargo platform will be able to offer their capacity to freight forwarders on the WebCargo booking ...
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News
Responding to Covid-19: Kerry outlines the challenges faced by airfreight supply chains
Emma Rowlands, strategic sales director, Kerry Logistics UK, outlines how the company responded to the coronavirus outbreakThe Covid-19 pandemic has had a huge impact on the airfreight industry, as capacity has been heavily reduced due to the cancellation of most passenger flights and the crisis has all but decimated the ...