Freighter operators – Page 213
-
News
Cargojet network expansion
Canada’s Cargojet is expanding its domestic air cargo network from the beginning of April.Cargojet, operating overnight services across North America plus global charters, has a total freighter fleet of 24 aircraft, including the recent introduction of five B767-300ERFs, three B767-200ERFs and one B757-200ERF.The carrier did not outline in detail the ...
-
News
FedEx sees peak season bounce
US parcels giant FedEx saw third quarter revenues up four per cent to $11.7bn.“We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Fred Smith, FedEx Corp chairman, president and chief executive officer.Operating results for ...
-
News
Unions call for halt to Cargolux outsourcing plan
The Luxembourg Confederation of Christian Trade Unions (LCGB) has called for a written assurance that Cargolux will not press ahead with a controversial outsourcing plan as the Luxembourg freighter operator seeks to return to profit.The demand came as the LCGB and the OGBL union continued their negotiations on a new ...
-
News
IAG out in front with e-AWBs
IAG Cargo claims that it has the highest e-air waybill (e-AWB) penetration in Europe.As of January, its e-AWB penetration was 34 per cent, well above the industry average of 25 per cent, said the freight arm of British Airways and Iberia.IAG Cargo has made e-AWBs available in more than 160 ...
-
News
Southern Air gets a stablemate
Worldwide Air Logistics Group – owner of Kentucky-based all-cargo carrier Southern Air – is to buy a second freighter operator, Florida West International Airways.It said that acquiring the Miami-based carrier heralded a push into the ACMI (aircraft, crew, maintenance and insurance) sector of the US air cargo market.Florida West is ...
-
News
Big jump for Cathay and Dragonair in February
Cathay Pacific and Dragonair’s airfreight volumes jumped 28.8 per cent in February compared with the same month in 2014.Between them, the two airlines carried 130,467 tonnes of cargo and mail in February.Cathay Pacific’s general manager cargo sales and marketing, Mark Sutch, said: “The high-year-on-year tonnage growth reflects the overall improvement ...
-
News
Aid agencies prepare airlift to Vanuatu
Aid agencies and the military have scrambled to fly supplies into Vanuatu, after the Pacific island nation was hit by Cyclone Pam last week.The Category Five tropical storm hit Vanuatu with winds of up to 170mph, causing widespread damage and knocking out power, water and other services.The storm is likely ...
-
News
Lufthansa Cargo's 2014 operating profits up 26.6%
Lufthansa Cargo increased its 2014 operating profit by 26.6 per cent to €100m, despite group-wide pilot strikes and a fall in airfreight revenues and tonnages.Full year revenues at the German flag carrier’s freight arm edged down 0.3 per cent versus 2013 to €2.4bn. Total volumes fell 2.7 per cent to ...
-
News
Two more B737F converts for China's SF Airlines
PEMCO World Air Services has redelivered two B737-300Fs to China’s SF Airlines (SFA), the air cargo division of Shenzhen-based logistics specialist SF Express, a leading courier in China.US-based Pemco has now completed nine B737-300/400 freighter conversion projects for SFA.The latest Pemco freighters to join SFA’s growing freighter fleet were converted ...
-
News
WCS: Air cargo industry needs to modernise
Airlines may be transporting goods worth $6.4trn each year, but the air cargo industry is in “desperate need” of modernisation if it is to capitalise on the international e-commerce opportunity, according to Liu Shaoyong, president of China Eastern.In a welcome address representing the host airline for the IATA World Cargo ...
-
News
TNT launches Tel Aviv freighter links
TNT has launched a Monday to Friday B737-400F service between Israeli capital Tel Aviv and the express operator's European hub in Liege, Belgium.The new service "answers increasing demand" and allows TNT to shorten transit times for express shipments to and from Tel Aviv by one day.The flight arrives in Tel ...
-
News
DP DHL airfreight up 2.4% to 4m tonnes in 2014
Deutsche Post DHL’s global forwarding arm overcame a weak 2014 first half to record a full year 2.4 per cent increase in airfreight volumes to just over 4m tonnes, versus 2013.Announcing full year 2014 results, the Germany-based global post, express, freight and logistics giant said of its air cargo segment: ...
-
News
Cargolux links up with Oman Air
Oman Air has signed a Letter of Intent with Cargolux that enables the European all-cargo carrier to use the Middle East airline's facilities in Muscat, Salalah and Sohar.The agreement includes the launch, on April 15, of Cargolux full freighter services from Luxembourg to India via Oman. The formal signing of ...
-
News
Turkish Airlines orders four more A330-200Fs
Turkish Airlines has signed a firm order to buy four more A330-200 freighters.The carrier’s Turkish Cargo freight arm already operates five A330-200Fs, and the new order will enable it to “quickly meet the growing cargo market demand”.Temel Kotil, Turkish Airlines’ chief executive, said: “The A330-200F freighter aircraft have demonstrated outstanding ...
-
News
IATA: overcapacity on the up, yields declining
IATA has warned that air cargo’s financial performance “remains poor and does not deliver adequate returns for investors”.The airline association’s 2015 first quarter Cargo eChartbook, while seeing continued positive demand for airfreight commodities, states that overcapacity has resulted in lower load factors and placed downward pressure on yields.Lower jet fuel ...
-
News
Precision joint venture to convert B757-200
Precision Aircraft Solutions and Aerolease Aviation have acquired a B757-200 in a joint venture to convert the passenger jet into a high-payload, 15-position freighter.The aircraft was purchased from AeroTurbine, a subsidiary of aircraft lessor AirCap, but financial details were not released."This project is an exciting collaboration of two industry experts," ...
-
News
Cargolux welcomes 12th B747-8F
Cargolux has taken delivery of its 12th Boeing 747-8 freighter, out of an order of 14.The Luxembourg-based all-cargo airline named its latest freighter Joe Sutter – Father of the 747, in honour of the man who designed the B747 in the 1960s.The naming honour came as a surprise to 94 ...
-
News
Singapore is automatic choice for DHL south Asia hub
DHL Express has unveiled plans for a new South Asia Hub at Singapore’s Changi Airport. The S$140m investment is its largest ever infrastructure project in the country and is due for completion by the first quarter of 2016.With a total floor area of 23,600 sq m, the hub will have ...
-
News
US freighter lessor ATSG sees "excellent" 2015 for air cargo
US-based freighter lessor Air Transport Services Group (ATSG) has highlighted “fundamental industry dynamics” that point toward “an excellent year for air cargo companies in 2015”.Nasdaq-quoted ATSG, the world's largest owner and operator of converted B767 freighters, reported 2014 fourth quarter adjusted pre-tax earnings up 19 per cent to $17.7mFourth quarter ...
-
News
Gunning warns of continued excess cargo capacity
IAG Cargo boss Steve Gunning has warned that excess global air cargo capacity is likely to remain for the “foreseeable future”, with lower oil prices discouraging “capacity discipline” as older freighters continue to fly.Gunning said that excess capacity was a key driver for IAG Cargo’s decision last year to end ...