All articles by Damian Brett – Page 51
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News
Budapest Airport gets new owners
Hungary's Budapest Airport, which has been investing heavily in cargo infrastructure over recent years, has a new owner.Yesterday, AviAlliance and the co-shareholders of Budapest Airport agreed to sell the airport to a consortium consisting of the Hungarian state-owned Corvinus and French co-investor Vinci Airports.The value of the transaction is €3.1bn ...
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News
Mesa avoids de-listing from Nasdaq
US regional airline company Mesa Air Group has regained compliance with the Nasdaq stock market’s listing rules, which require companies to sustain stock prices above $1.The Phoenix-based parent of regional carrier Mesa Airlines disclosed on June 5 that it had received a notification from the Listing Qualifications Department of the ...
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NewsAir Charter Service adds European regional director
Source: Air Charter ServiceAir Charter Service (ACS) has appointed Andrew Summers to the new role of regional director of the broker's mainland European offices.Summers has been with ACS for 18 years, starting in London before transferring to the Dubai office in 2014 to head up the firm's Middle East and ...
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NewsChapman Freeborn makes music and entertainment appointments
Chloe Phelps (L) and Paul Kindred (R). Source: Chapman FreebornCharter broker Chapman Freeborn has made two leadership appointments in its music and entertainment vertical.Paul Kindred has been appointed as senior business development manager – music & entertainment.He brings more than 30 years of experience in the entertainment industry, having previously ...
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NewsNCM scoops JetBlue GSSA deal for New York
Source: Coby Wayne/Shutterstock.comLow-cost carrier JetBlue has appointed Network Cargo Management (NCM) as its GSSA in New York.The new deal started on June 1 and sees NCM provide GSSA services at both New York JFK and Newark airports.The airline operates more than 1,000 flights per day, serving around 100 domestic and ...
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NewsAir Cargo News Awards deadline extended
The entry deadline for this year's Air Cargo News Awards is being extended by 10 days due to popular demand.Due to a wave of requests, companies now have until June 17 at 5pm (BST) to submit their entries.The awards are now in their 40th year and recognise the achievements of ...
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NewsAir cargo heading for double-digit growth in 2024
Booming e-commerce volumes are propelling the air cargo industry towards a double-digit percentage increase in demand this year, although a US crackdown on online shipments could prove a drag later in the year.The latest figures from supply chain data firm Xeneta show that air cargo demand in May increased by ...
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NewsBIFA appoints new board members
Left to right: Ian Mallon, Denise Hill and Chris Packwood. Source: BIFAThree new people have been elected to the board of directors of the British International Freight Association (BIFA).The three new board members are Denise Hill, Ian Mallon and Chris Packwood who will bring a "wealth of experience and insight ...
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NewsFedEx completes first flight to UK's Teesside International
Source: Teesside InternationalTeesside International Airport in the UK northeast has welcomed its first FedEx flight after signing a five-year deal for an airfreight handling facility at the airport.The first flight of the new partnership was carried out by a Boeing 737-400 (OE-IAE) and arrived at Teesside from Edinburgh Airport on ...
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News
Senior management changes at ATSG
Freighter operator Air Transport Services Group (ATSG) has announced a series of senior management changes.The changes will see Joe Hete, who currently serves as chairman of the board of directors and chief executive, appointed executive chairman.Mike Berger, who currently serves as president, will become chief executive and a member of ...
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NewsIATA raises outlook for airline cargo revenues and volumes
IATA has raised its outlook for airlines' cargo revenues and volumes for 2024 after demand and rates have performed better than expected.The airline association said it now expected cargo revenues for the year to be $120bn compared with its previous December forecast of $111bn.Cargo volumes in cargo tonne km terms ...
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NewsUS customs crackdown on e-commerce yet to impact freighter capacity
A US Customs and Border Protection (CBP) crackdown on e-commerce shipments into the US over recent weeks has yet to impact freighter flight numbers into North America.Late last week, CBP announced it had suspended "multiple customs brokers" from its Entry Type 86 Test programme that covers the duty-free import of ...
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NewsChina-Latam air cargo capacity under pressure
Capacity on the China-Latin America trade has been coming under pressure due to soaring demand and the trend is expected to continue into the peak season. A market analysis from Xeneta airfreight analyst Wenwen Zhang shows that air cargo spot rates from China to Latin America have ...
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News
Deutsche Bahn selects the final four DB Schenker bidders
Deutsche Bahn has narrowed the number of potential buyers of freight forwarding subsidiary DB Schenker down to four bidders that have now been invited to make binding offers.According to Reuters, the German rail giant has selected Maersk, DSV, Saudi shipping company Bahri and a private equity consortium led by CVC.Deutsche ...
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InsightsAir cargo rates and volumes continue to soar in May
Airfreight rates continued to rise in May while demand also continued to beat last year's levels.The Baltic Exchange Airfreight Index (BAI) shows that in May rates from Hong Kong to North America increased 9.1% year on year to $5.53 per kg.From Hong Kong to Europe rates paid by forwarders are ...
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InsightsFAA grants Amazon permission to fly drones beyond line of sight
Source: Amazon The US Federal Aviation Administration (FAA) has given Amazon permission to operate parcel delivery drones beyond the visual line of sight (BVLOS). Until now e-commerce giant Amazon’s drone operations in the US have been limited to being in line of sight, meaning they need to ...
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Interviews50 years of trailblazing for Quick Cargo Service
After 50 years in freight forwarding, Quick Cargo Service (QCS) shows that that mid-sized forwarders can still be trailblazers. It wasn’t an auspicious start for Quick Cargo Service (QCS) in 1974. Company founder Dieter Haltmayer, until recently head of cargo sales in Germany for Air Canada, had declined an offer ...
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NewsLATAM transports modular housing following Brazil floods
Source: ACNUR via LATAM LATAM Cargo has been flying aid to Brazil to help people affected by floods in Rio Grande do Sul. The carrier’s Boeing 767 freighters have helped carry 142 tons of donations to the region in southern Brazil since May 4 when heavy rainfall ...
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NewsSilk Way West appoints Pietersma as COO
Onno Pietersma. Source: Silk Way West AirlinesSilk Way West Airlines has appointed Onno Pietersma as its new chief operating officer as the airline expands operations.The Baku-hubbed carrier said that Pietersma will "champion critical initiatives designed to enhance the stability and reliability of the expanding Silk Way West Airlines' operations. These ...
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NewsAir Partner flies Gaza aid
Source: Air PartnerCharter broker Air Partner has completed a cargo operation to transport hundreds of tonnes of humanitarian aid to Gaza.The company arranged three Boeing 747-400 freighter flights, each carrying around 85-90 tonnes of aid, including temporary shelters.Two of the flights took off from Liege airport in Belgium and the ...