Latest news – Page 134
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NewsIAI strikes MRO deal with ATSG
MRO signing ceremony between IAI and ATSG Photo IAIIsrael Aerospace Industries (IAI) Aviation Group has signed a long-term contract under which it will maintain and service Pratt & Whitney PW4000 engines for Air Transport Services Group’s (ATSG) leasing company, Cargo Aircraft Management (CAM).The PW4000 engine maintenance will be carried out ...
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Freighter financing deal for Crestone Air Partners
Aviation asset management platform and lessor Crestone Air Partners (CAP) has secured financing for more freighters.Ashland Place Finance LLC, a commercial aviation financing platform, has completed a new facility financing the acquisition of three Boeing 737-800 freighters for Crestone and alternative investment advisory firm, Atalaya Capital Management.Ashland Place previously financed ...
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NewsSilk Way West Airlines expands ULD agreement with ACL Airshop
Photo: Silk Way WestSilk Way West Airlines and ACL Airshop have extended their ULD partnership, which focuses on embracing technology and environmentally sustainable practices.This renewal between the ULD provider and the Baku-based cargo airline encompasses a multi-year ULD agreement.By extending the collaboration, Silk Way West Airlines aims to continue to ...
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TIACA and ALTA sign MoU aimed at cargo development
TIACA and The Latin American and Caribbean Transport Association (ALTA) have signed a Memorandum of Understanding (MoU) to foster improvements in the regions' air cargo sector.The agreement will see the two groups work together to facilitate understanding on the contribution of aviation to economic and social development within the Latin ...
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Cargolux signs up for e-SAF to power freighters
Cargolux and Norwegian Air Shuttle have signed up for a future supply of e-sustainable aviation fuel (E-SAF) from Norsk e-Fuel.Norsk e-Fuel is starting the industrialisation of e-Fuel production in Mosjøen, Norway and will start to provide e-Fuels to the aviation industry after 2026.The total volume of the offtake agreements signed ...
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Another ex Polar executive pleads guilty to fraud
A former senior operations executive at Polar Air Cargo Worldwide has pleaded guilty to defrauding the US cargo airline.Carlton Llewellyn pleaded guilty to one count of conspiring to commit wire fraud in connection with a major scheme to defraud Polar Air Cargo, confirmed a press release by the US Attorney's ...
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NewsOakley takes over as Chicago Rockford executive director
Zack Oakley. Source: KaleThe Greater Rockford Airport Authority (GRAA) has appointed Zack Oakley as the executive director of the Chicago Rockford International Airport (RFD).Oakley previously worked as RFD’s deputy director of operations and planning since 2017 and started in his new role on January 1.In his previous role, Oakley oversaw ...
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Lukewarm market sees Cargojet ditch all 777 freighter plans
Canadian cargo airline and lessor Cargojet has decided to ditch all plans to convert Boeing 777s into freighters in a bid to safeguard its business against continuing soft air cargo demand.The freighter operator has decided it will no longer convert four Boeing 777-200s into freighters, leaving it with no current ...
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NewsAmerican Airlines Cargo reduces its plastic waste
Source: American Airlines CargoAmerican Airlines Cargo reduced its plastic waste by more than 150,000 lbs, the equivalent of 8.6m water bottles, in 2023 through its previously announced partnership with BioNatur Plastics.The BioNatur Plastics product replaces traditional plastic used for stretch wrap and pallet covers.It is manufactured with a 1% load ...
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DHL Forwarding and DSV manage Cathay shipments via CargoWise
CargoWise has teamed up with Cathay Cargo to offer DHL Global Forwarding and DSV real time management of shipments on the airline's Click & Ship booking platform via CargoWise.The companies are now able to plan, book, confirm and manage shipments in Cathay Cargo’s Click & Ship booking platform in real-time ...
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NewsHellmann appoints new CCO for Germany
Source: HellmannHellmann Worldwide Logistics has appointed Bora Argac as its new chief commercial officer for Germany.He succeeds Kai Hasenpusch, who took over the position of sales director roadfreight west Europe at the beginning of this year."With around 25 years of professional experience, Bora Argac has relevant expertise in the areas ...
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NewsMenzies announces cargo JV at Luanda Airport
Menzies and SGA Angola representatives. Photo: MenziesMenzies Aviation has announced a new joint venture (JV) with Sociedade Gestora de Aeroportos (SGA-SA) to deliver cargo services at Luanda International Airport (Quatro de Fevereiro) (LAD) in Angola.As part of the JV, the newly formed Menzies Angola will handle more than 30,000 tonnes ...
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EFW confirms the safety of A321F P2Fs
Conversion firm EFW has confirmed the safety of its A321 freighter conversions after Lufthansa Cargo found fine cracks in the floor structure of two of its freighters.The Dresden-based conversion company said that it had analysed the aircraft data and concluded that the damage would not lead to unsafe conditions for ...
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Air France-KLM and CMA CGM end capacity partnership
Air France KLM Group and CMA CGM have decided to end their cargo capacity partnership due to the constraints of a "tight regulatory environment" but are already in talks about a new working relationship.First announced in May 2022, the capacity partnership between the two carriers was launched in April 2023 ...
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Red Sea-related demand yet to materialise but enquiries rise
The airfreight sector is yet to see any solid rise in demand related to the Red Sea crisis but customers are enquiring about alternatives to sea transport.While there is an expectation that vessel diversions away from the Suez Canal route and around the Cape of Good Hope due to attacks ...
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NewsDimerco and Yusen join Cathay SAF programme
Source: Cathay PacificDimerco Express Group and Yusen Logistics have joined Cathay Pacific's Corporate Sustainable Aviation Fuel (SAF) Programme.The companies have committed to reducing the climate impact from their airfreight activities through scaling up the use of SAF.They will also promote the wider adoption of renewable energy by the aviation industry ...
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Airfreight rates expected to slide this year on 2023 levels
Airfreight rates are expected to continue to decline this year compared with 2023 levels as belly capacity continues to return to the market.Writing in his monthly Baltic Exchange column, Bruce Chan, director and senior research analyst covering global logistics and future mobility, at investment bank Stifel, said that international passenger ...
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NewsCherry on the cake for LATAM Cargo
Source: LATAM CargoLATAM Cargo saw its cherry volumes increase by more than 30% for the cherry peak season as it added dedicated flights to cater for the demand for the fruit.In total, the carrier saw its cherry volumes out of Chile increase 32% year on year to 7,546 tons in ...
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NewsRöhlig Logistics creates new China structure and appoints Passek
Source: Röhlig LogisticsRöhlig Logistics has created a new regional structure for its China business, resulting in several new appointments.The new structure has seen the logistics firm divide up its China business into four regions; North China, East China, South China and Hong Kong, and West China.Christoph Passek has been appointed ...
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Gradual increase in airfreight expected as Red Sea crisis could last months
Scan Global Logistics expects a slow but steady increase in airfreight volumes amid predictions that the Red Sea conflict could last months.The logistics company said in a January 12 market update that there hasn't been a drastic increase in airfreight volumes as a result of the impact of the Red ...