Latest news – Page 118
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NewsBoeing's Calhoun to step down as chief executive
Dave Calhoun. Photo: BoeingBoeing president and chief executive Dave Calhoun will step down as chief executive at the end of 2024, while Stan Deal, Boeing Commercial Airplanes (BCA) president and chief executive will retire from the company.Calhoun, who has been in the dual role since January 2020, will remain as ...
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NewsHybrid Air Vehicles agrees production site for airship
Source: Hybrid Air VehiclesHybrid Air Vehicles (HAV) has reached an agreement with the city of Doncaster in the UK for the development of a production site for its Airlander 10 airship.The 50 ha site is located at Carcroft Common and will be acquired by HAV under a freehold agreement.HAV will ...
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MSC moves forward with Clasquin deal
Swiss shipping firm MSC has moved forward with its deal to acquire international air and sea freight forwarder Clasquin.MSC subsidiary SAS Shipping Agencies Services Sàrl has entered into a put option agreement for the acquisition of 42.06% of the share capital of Lyon, France-based Clasquin, said a press release issued ...
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NewsEtihad and Astral partner to expand their networks
Source: Etihad CargoEtihad Cargo and Astral Aviation have launched a new partnership that will expand the Abu Dhabi-based carrier's network in Africa.The new partnership will see Astral operate weekly flights from Abu Dhabi to its home hub of Nairobi where cargo can then be flown to and from other points ...
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NewsPenseel heads back to airline role with Delta move
Peter Penseel. Source Delta Air LinesPeter Penseel will move back to the airline industry after being appointed as senior vice president and president of Delta Cargo.He starts the new role on June 1 and will be responsible for "driving revenue and profitable growth, delivering industry-leading customer service, and ensuring operational ...
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FedEx profits improve as cost cutting takes effect
FedEx saw its profits improve in the third quarter of its fiscal year despite revenues coming under pressure due to weak market conditions.The express giant saw its fiscal year third-quarter revenues decline by 2% year to $21.7bn, but operating income improved by 19% on last year to $1.2bn and net ...
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Modern Logistics puts second 737-800BCF into service
Modern Logistics now has two 737-800 Boeing Converted Freighter (BCF) aircraft in operation.The Brazilian integrated logistics company and cargo airline told Air Cargo News it took delivery of its second 737-800BCF this month.This second aircraft is now "in service" said the company.The Brazilian integrated logistics company and cargo airline acquired ...
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More than 20 parties interested in buying DB Schenker
Deutsche Bahn (DB) yesterday provided an update on its plan to sell DB Schenker during the announcement of its full-year results, which showed the forwarder delivered a "reliable" profit performance.Levin Holle, member of the board responsible for finance and DB Schenker, said that more than 20 parties had registered an ...
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NewsVIDEO: Key steps to reducing environmental impact
Air cargo stakeholders at this year’s IATA World Cargo Symposium (WCS) in Hong Kong have told Air Cargo News that sustainability and emissions reduction is more important than ever. We asked key executives what steps the industry should be taking to reduce its environmental impact, from refining strategy to investments. ...
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Hawaiian Airlines takes second A330-300P2F for Amazon
Hawaiian Airlines has taken delivery of the second of 10 Airbus A330-300 passenger to freighter conversion (P2F) aircraft it plans to operate on behalf of Amazon.Chief executive Peter Ingram told FlightGlobal on March 20 that the second A330P2F is in Honolulu for “final procedures with our maintenance team” before it ...
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NewsAmazon Air expands capacity and simplifies network
Amazon Air expanded its air cargo capacity last year through the addition of larger aircraft but also simplified its network and conducted fewer flights.The latest study from The Chaddick Institute for Metropolitan Development shows that in the five weeks running to March 12, Amazon Air increased its US tonnage capacity ...
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CargoAi's new service aims to make securing spot cargo easier
Digital technology platform CargoAi has launched a new feature designed to make the process of finding and securing available spot cargo easier and more efficient.The Air Freight Load Board enables airlines to access a database of available freight, plus detailed cargo specifications, directly in their CargoMART Airline App.This new feature ...
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IAG Cargo takes aim at digital with recruitment drive
IAG Cargo is recruiting more than 60 digital and IT roles as the company looks to enhance its digital offering.The recruitment drive will more than double the size of the cargo businesses' IT team.David Walker, chief digital and information officer, IAG Cargo, said: “This is an exciting time at IAG ...
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NewsKerry launches Europe-Oceania air-sea operation
Source: Kerry LogisticsKerry Logistics has launched an air-sea operation from Europe to Australia and New Zealand as it looks to combat extended ocean shipping times caused by the Red Sea crisis.The new service will fly cargo from Europe to Hong Kong, where it is placed on a ship for the ...
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NewsAir Charter Service expands ACMI team
Matt Purton. Source: Air Charter ServiceCharter broker Air Charter Service has made a series of appointments to its leasing team in response to increased demand.The broker said that it had appointed six new members of staff around the world in response to the rising demand for aircraft, crew, maintenance and ...
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NewsPuerto Rico's ETH Cargo achieves CEIV Pharma
Sascha Herzig, ETH Cargo. Source: Puerto Rico Life Sciences Air Cargo CommunityPuerto Rico-based logistics firm ETH Cargo Services has achieved IATA CEIV Pharma certification ahead of an airport community drive to get more members to gain the standard.The certification offers a standard for companies transporting pharmaceuticals, ensuring that temperature-controlled, time-sensitive ...
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time:matters becomes Lufthansa Cargo premium partner
German logistics company time:matters has been appointed a premium partner of its parent company Lufthansa Cargo.The partner programme involves regular monitoring of business development and the potential for joint growth. Additionally, various joint innovative initiatives are developed within the programme that aim to create added value for customers.One example of ...
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Air cargo demand still growing after LNY but rate of improvement slows
There had been much speculation in air cargo about whether the strong demand growth reported over the first two months of the year would continue past the Lunar New Year holiday but it appears the buoyant market conditions are so far continuing, although at a slightly lower level.Figures released last ...
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Specialist verticals drive up Cathay Cargo February volumes
Pharmaceuticals, perishables and machinery parts shipments helped Cathay Pacific secure a small rise in air cargo volumes year on year in February.The airline carried 107,039 tonnes of cargo in February 2024, an increase of 3% compared with February 2023. The month’s cargo revenue tonne kilometres (RFTKs) increased 3.8% year on ...
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NewsAmerican Airlines Cargo: flying fish from Japan
Source: American Airlines CargoAmerican Airlines Cargo has flown record numbers of valuable koi carp from Japan as demand for the prized fish continues to rise.The carrier said that the popularity of the fish has grown as ornamental fishkeeping expands globally, particularly in Hong Kong, the US, China, Germany, the Netherlands ...