All articles by Damian Brett – Page 92
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NewsMixed signs for air cargo outlook for 2023
Bojun Wang. Source: Air Cargo NewsThe outlook for air cargo over the coming year remains mixed with several factors set to impact performance.Speaking at IATA’s World Cargo Symposium in Istanbul, IATA economist Bojun Wang predicted that air cargo demand was set to decline by 4% this year compared with 2022 ...
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Mammoth Freighters now aims for 2024 certification
Mammoth Freighters now expects to complete its first 777-200LR modification by year-end and to achieve an initial regulatory certification by April 2024.The company said it now holds orders to modify 35 777s from passenger to cargo configurations, including nine modified 777-200LRs due for delivery to DHL under a newly disclosed ...
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NewsGold heist at Toronto Pearson International Airport
Source: ShutterstockA cargo container carrying gold and other valuables worth more C$20m has been stolen from a facility at Toronto Pearson International Airport.During a press conference, Peel Regional Police Inspector Stephen Duivesteyn said that an aircraft had arrived at the airport in Canada on the evening of April 17.Duivesteyn said ...
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NewsIATA WCS addresses the challenges ahead
Source: IATA. Brendan SullivanIt is my pleasure to extend a warm welcome to the IATA World Cargo Symposium in Istanbul. As we gather in this historic city, we are reminded of its legacy as a hub of commerce and trade, and it is fitting that we come together here to ...
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Welcome to this year's IATA WCS
It may only be seven months since the last IATA World Cargo Symposium (WCS) but it has been another turbulent period for the air cargo industry.Demand continues to trend downwards while capacity continues to grow. Meanwhile, inflationary pressures and the war in Ukraine continue to dampen the outlook.However, there is ...
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NewsChapman Freeborn expands new ACMI team
Source: Chapman Freeborn. Nick KellyCharter broker Chapman Freeborn has appointed Nick Kelly as senior vice president - Aircraft, Crew, Maintenance, and Insurance (ACMI) Leasing.In his new role, Kelly will work as part of the broker's recently formed global ACMI department, reporting to Scott Collier, who was recently appointed as president ...
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NewsWestJet eyes Latin America as freighter services set for takeoff
In two days' time (April 22) Canadian carrier WestJet will launch its first-ever freighter service following the certification of its 737-800 Boeing Converted Freighters (BCF) in March.The operation will initially start with three 737-800BCFs flying between Calgary, Halifax, Toronto, Vancouver, Los Angeles and Miami.However, WestJet executive vice president for cargo, ...
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NewsHigh tension over batteries
Photo: ShutterstockAs the number of lithium batteries in use continues to surge, the risks involved in transporting them by air are of growing concern. But there are moves afoot to address the issues.One of the biggest safety concerns facing the air cargo industry is the transport of lithium batteries, due ...
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NewsGeodis adds new US gateways for e-commerce service
Source: GeodisGeodis has added two new airport facilities in the US as it expands its direct-to-consumer cross-border delivery service.The two new facilities are located at New York JFK International and Los Angeles International (LAX) and were opened to meet e-commerce volume growth at Geodis' MyParcel business, which offers small parcel ...
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Shippers and forwarders call for better data protection for online booking
The Global Shippers Forum and forwarder group Fiata have created a Charter for Protection and Governance of Data in International Trade as part of efforts to improve data protection for online booking and trading.The charter sets out the minimum arrangements for data security and confidentiality that providers and operators of ...
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NewsA CMA CGM takeover of Bolloré Logistics could create top five airfreight forwarder
French shipping giant CMA CGM on Tuesday (April 18) announced that it had tabled a bid to take over family-owned Bolloré Logistics in a deal estimated to be worth around $5.5bn.Following the news of the potential acquisition, the Bolloré Group revealed that the takeover could see its logistics business combined ...
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Profits up but revenues down at Air Charter Service
Charter broker Air Charter Service (ACS) saw its revenues fall but profits climb last year as cargo demand waned but private jet charters were on the rise.The company said that group revenue declined by around 15% in 2022 to £1.1bn, while earnings before interest, tax, deprecation and amortisation increased by ...
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Avianca Cargo expands US connections with Los Angeles freighter flights
Avianca Cargo will add new freighter flights between Quito and new destination Los Angeles as it targets growing demand between Ecuador and North America.The flight will operate twice per week and also include a stop at Bogotá. Currently, 80% of Avianca's cargo volumes from Ecuador are destined for North America."[The ...
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Kuehne+Nagel and Atlas Air team up on Sustainable Engine Alliance
Kuehne+Nagel, Atlas Air and SR Technics Group have formed the Sustainable Engine Alliance which aims to reduce the environmental impact of aircraft engine supply chains.The alliance said that it would deploy sustainable fuels, engine stand management solutions and a global digital interface for emission transparency, reduction and avoidance.The initiative is ...
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NewsAntonov flies its largest single piece of cargo
Antonov Airlines has transported a power supply skid on board one of its AN-124 aircraft - the largest single piece of cargo transported by the airline.The power supply skid was flown from Tekirdag, Turkey to Hamburg, Germany on board of one of the airline's AN-124-100-150 aircraft in conjunction with project ...
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NewsEtihad Cargo and SF Airlines link up networks
Source: Etihad CargoEtihad Cargo and China-based express carrier SF Airlines have signed a Memorandum of Understanding (MoU) to link their respective networks.The MoU will see the two carriers operate flights via their two hubs starting in April. Etihad said the tie-up would enable it expand its reach into China with ...
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NewsCargo.one launches new platform to speed up import bookings
Cargo.one has today launched a new platform that allows agent-to-agent bookings to speed up the process of making import bookings.The new cargo.one pro platform allows importers to compare and book rates instantly through verified forwarders.The platform will speed up the import booking process by removing the need for back-and-forth emails ...
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NewsAero Africa's new director of strategy
Absolom Ngari. Source: Aero AfricaAero Africa has appointed Absolom Ngari as its director strategy, GSSA & airline partnerships.In his new role, Ngari will be responsible for spearheading the GSSA business including managing its commercial activities, product development, strategic leadership, contract management and managing airline partnerships across the African continent."He will ...
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NewsASL Future Flight gains cargo drone certification
Source: ShutterstockASL Future Flight has been awarded a Light UAS Aircraft Systems Operator Certificate (LUC) by the Irish Aviation Authority (IAA).The LUC offers the possibility to start commercial drone operations without an operational authorisation from the IAA such as the delivery of light cargo over a short range."It will be ...
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NewsSetting the record straight
Photo: Travel mania/ ShutterstockIATA’s ONE Record project aims to achieve full digitalisation of air cargo information among its members using a common standard by the end of 2025, putting an end to the ‘black hole’ shippers have traditionally had to endure. But how will the scheme work and what are ...