All articles by Damian Brett – Page 98
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News
ATSG reports record revenues but predicts block hour decline in 2023
Freighter aircraft lessor ATSG reported record revenues in 2022 but is expecting its block hours to decline this year.The Wilmington, Ohio headquartered firm last year saw its revenues increase 18% year on year to $2bn, adjusted earnings before interest, tax, depreciation and amortisation (ebitda) increased 18% to $641m but net ...
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NewsCollapsible air cargo container gains approval
Source: VRRULD firm VRR's collapsible air cargo container has been certified for use by the European Union Aviation Saftey Agency.The collapsible AAX has the same shape capacity and durability as the standard AAX and was designed in response to the world’s imbalance in ULDs by allowing carriers to transport more ...
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NewsEthiopian adds new China-Europe freighter service
Source: Ethiopian CargoEthiopian Airlines has added a freighter service between China and Belgium as it looks to capitalise on growing e-commerce demand.The new service will initially operate twice a week flying between Shenzhen and Liege utilising B777F aircraft.The carrier said that the service was its first scheduled cargo service from ...
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News
Silk Way West looks to the Middle East and Central Asia with freighter flights
Baku-based freighter operator Silk Way West Airlines has expanded its scheduled network in the Middle East and Central Asia as it looks to capitalise on rising demand.The expansion sees the carrier operating two scheduled freighter flights a week between Baku Heydar Aliyev International Airport and Dammam King Fahd International Airport ...
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News
IAG Cargo sees volumes grow in 2022 despite revenue drop off
IAG Cargo saw its cargo revenues decline last year despite a slight pick up in volumes as bellyhold operations returned following the Covid pandemic.The cargo division, which offers capacity on British Airways, Iberia and Aer Lingus, saw cargo revenues for the full year decline by 3.5% year on year to ...
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NewsAviation investment key for the success of Africa's free trade agreement
Source: Air Cargo NewsThe development of aviation policy should be a priority for African countries if they are to capitalise on the benefits of a continent-wide trade agreement.Panellists at the Air Cargo Africa event agreed that the African Continental Free Trade Agreement (AfCFTA) stood to benefit the continent and air ...
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NewsAir temporarily grabs African automotive marketshare from sea
Source: Air Cargo NewsAir cargo has grabbed African automotive market share from the seafreight industry as a result of the disruptions caused by the Covid pandemic but volumes are shifting back.Speaking at the Air Cargo Africa event, Renai Moothilal, executive director of South African automotive component association NAACAM said that ...
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News
Kenya Airways Cargo looks to expand freighter fleet
Kenya Airways Cargo is looking to expand its freighter fleet following the success of its cargo-only flights during the Covid pandemic.Speaking on the sidelines of the Air Cargo Africa event in Johannesburg, Kenya Airways’ cargo director Dick Murianki said the carrier would initially look to add to its existing short-haul ...
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News
German airport strikes have "massive consequences" for cargo operations
Strikes taking place today at many of Germany's airports will have "massive consequences" for air cargo and lead to "significant challenges" for humanitarian aid flights, according to the Barig airline association.Public sector workers and ground handlers at seven airports - Frankfurt Main, Munich, Stuttgart, Hamburg, Dortmund, Hannover and Bremen - ...
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News
Air Canada sees cargo revenues slide in 2022
Air Canada saw its cargo revenues decline last year due to the ending of its pax-freighter operations and lower yields.The Montreal-headquartered airline registered a 15% decline in full-year cargo revenues to C$1.3bn, while fourth quarter revenues were down 41% to C$288m.However, the airline pointed out that compared with pre-Covid 2019 ...
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News
Virgin Atlantic Cargo takes aim at online booking with new system
Virgin Atlantic Cargo has rolled out software firm Accelya's FLX Cargo Platform ahead of a push towards online booking services.FLX will power the airline's enterprise-wide cargo management platform, Voyager, as it looks to offer a "multi-distribution strategy, which includes its own website, third-party marketplaces, and direct forwarder integration"."Accelya’s FLX Cargo ...
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News
Dronamics secures $40m in funding as it looks to the Middle East
Middle-mile drone firm Dronamics has raised $40m in funding that will in part go towards adding a presence in the Middle East.The pre-Series A funding came from venture capital funds and angel investors from 12 countries, including Founders Factory, Speedinvest, Eleven Capital, and most recently the Strategic Development Fund (SDF), ...
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NewsDHL Express to offer SAF service for shipments
Source: DHL ExpressDHL Express has launched a new service that will allow customers to reduce carbon emissions associated with their shipments through the use of Sustainable Aviation Fuel (SAF).The GoGreen Plus service allows customers to tailor the CO2e reduction they want to achieve and the amount of SAF they use ...
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News
Hong Kong Airport aims to further enhance sea-air services
Airport Authority Hong Kong (AAHK) has signed a cooperation framework agreement with Dongguan Municipal People’s Government to further develop intermodal operations.The airport authority has been leading the development of Hong Kong International Airport (HKIA) Logistics Park in Dongguan and a new airside intermodal cargo pier at the airport to allow ...
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News
German cargo operations set to be hit by airport strikes on Friday
Airport workers at major hubs in Germany are this Friday (February 17) set to take part in a day-long strike over pay causing disruption to airline operations.The strikes organised by the Ver.di union will start in the early hours of the morning and end Friday night at seven airports: Frankfurt ...
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News
Lufthansa Cargo shipments face delays due to IT outage and strikes
Lufthansa Cargo has placed a stop on all bookings for cargo shipments to and via Frankfurt and Munich as a result of an IT outage while operations will also be affected by airport strike action.The Frankfurt-hubbed cargo carrier said that during construction work in Frankfurt, fibre optic cables belonging to ...
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NewsChapman Freeborn creates new UK GM role
James Edwards, Chapman Freeborn. Source: Chapman FreebornCharter broker Chapman Freeborn has appointed James Edwards to the new role of general manager – UK.Edwards has worked with companies such as Airways Aviation Ltd, British Airways and American Airlines in a variety of sectors, including commercial flight training, airline revenue growth and ...
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NewsUS air cargo sector concerned over stricter screening rules
Brandon Fried, AfA. Source: AfAThe US air cargo sector highlighted some of the concerns it has regarding the implementation of stricter cargo screening rules due to be enforced later this year.From November all cargo must be screened before it is loaded onto a freighter but a panel at US Airforwader ...
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Cathay Pacific cargo volumes partially recover in January
Cathay Pacific's cargo business saw improvements in January after a difficult period for the airline last year.The Hong Kong-based carrier reported a 28.1% year-on-year increase in cargo volumes to 95,139 tonnes in January after the carrier had to last year suspend its long-haul schedule for seven days due to stricter ...
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NewsMenzies implements truck slot booking at LAX
Source: NallianCargo handler Menzies Aviation has implemented a truck slot booking system at LAX as it looks to reduce truck waiting times.The handler opted for Nallian's Truck Visit Management Solution which allows forwarders and trucking firms to book an arrival slot.The system gives the handler an overview of when a ...