Latest news – Page 246
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News
Atlas Air Worldwide to be acquired in $3bn takeover
Freighter firm Atlas Air Worldwide has entered into a definitive agreement to be acquired by an investor group in an all-cash transaction with an enterprise valuation of approximately $5.2bn.The takeover is led by funds managed by affiliates of Apollo, affiliates of JF Lehman & Company, and Hill City Capital.Under the ...
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UK customs says 3,500 firms face losing ability to import
UK customs (HMRC) has warned that 3,500 companies have yet to register for its new import system and could lose the ability to import goods.HMRC said that on October 1 import declarations will change from being processed through the current CHIEF system to the new Customs Declaration Service (CDS).Many businesses ...
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Agility finalises Menzies acquisition
Agility has finalised its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services (NAS) business.The boards of Agility and Menzies reached agreement on March 30 on Agility’s cash offer to acquire 100% of Menzies ordinary shares following a series of exchanges between the ...
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Pittsburgh Airport receives funding for air cargo development
Pittsburgh International Airport (PIT) will receive Federal Aviation Authority (FAA) funding to extend a taxiway that will be used to access a new cargo facility.The FAA has awarded a $3.3m grant to extend taxiway A, which will be used to access the new Cargo 4 facility, expected to open in ...
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NewsQatar Aviation Services joins IATA environmental programme for ground handlers
Qatar Aviation Services has stepped up its green game. Photo: Qatar AirwaysQatar Airways Group subsidiary Qatar Aviation Services (QAS) has become the first ground handler globally to join the new expansion of the IATA Environmental Assessment Programme (IEnvA) for ground service providers.The IEnvA programme for ground service provides a framework ...
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NewsLufthansa Cargo revenues surge despite volume drop
Lufthansa's logistics division saw revenues and operating profits increase again in the second quarter of the year despite a small drop in cargo volume.The division, which includes Lufthansa Cargo, time:matters, Jettainer and the company's share of AeroLogic, saw its second-quarter revenues increase by 45% year on year to €1.3bn, while ...
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US seeks seizure of Boeing 747 cargo aircraft grounded in Argentina
The US Department of Justice (DOJ) has transmitted a request to Argentinian authorities to seize a Boeing 747-300M cargo aircraft that is currently grounded in Argentina and alleged to being unlawfully operated by a Venezuelan cargo airline.Issued on July 19, the seizure warrant alleges that the US-made plane is subject ...
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IATA: Air cargo demand declines narrow in June
Air cargo volumes were down again in June, although the level of decline eased compared with recent months as Covid restrictions in China began to be lifted.The latest statistics from IATA show that air cargo traffic in June was down 6.4% in cargo tonne km (CTK) terms compared with a ...
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NewsVirgin Atlantic Cargo approves use of Releye ULD
Source: Virgin Atlantic CargoVirgin Atlantic Cargo has approved the use of Envirotainer’s Releye RLP and RAP containers on its aircraft as part of efforts to develop its pharmaceutical and life science offering.The airline said that the container offers live tracking of location as well as temperature, humidity and product condition, ...
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NewsEtihad Airways firms up order for seven Airbus A350F freighters
A350F Etihad Cargo. Photo: AirbusEtihad Airways has firmed up its order with Airbus for seven new generation A350F freighters as it looks to meet ongoing cargo demand growth.The carrier announced its intention to order the aircraft at the Singapore Airshow in February but today confirmed the deal.Tony Douglas, group chief ...
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Global Crossing Airlines signs deal with Icelease for conversion and lease of Airbus A321
Global Crossing Airlines Group (Global X) has signed a definitive agreement with Icelease to convert an Airbus A321 aircraft into freighter format to be leased to GlobalX for eight years.The aircraft (MSN 2840) is currently flown by GlobalX in passenger configuration and will be converted at a Precision Aircraft Solutions ...
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NewsAir Canada Cargo to add B777 freighters
Source: Air CanadaAir Canada will add B777 freighters for the first time as it continues to expand its presence in the all-cargo market.The carrier today announced an order for two factory-built B777Fs to enter into service in 2024.The order comes as Air Canada has been investing in converting its B767 ...
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NewsDronamics to take part in drone healthcare project
Photo: DronamicsDronamics will take part in a project designed to use drones to make delivery of healthcare services in Scotland more efficient.CAELUS (Care & Equity – Healthcare Logistics UAS Scotland) is a consortium led by AGS Airports that will develop and trial the UK’s first national distribution network using drones ...
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Lufthansa Cargo now offers Envirotainer’s Releye RAP air cargo container
Lufthansa Cargo is now offering Envirotainer’s Releye RAP temperature-controlled container to firms transporting pharmaceuticals.Envirotainer launched the RAP version of its Releye container in February, and the first commercial shipment using the container was in March.The RAP version of the Releye container is the largest model of the container and can ...
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Reports: Apollo group in talks over Atlas Air takeover bid
A group led by investment firm Apollo Global Managment is in talks to purchase airfreight group Atlas Air Worldwide Holdings, according to Reuters.The newswire quotes a person familiar with the matter as saying that talks are at an advance stage, although no details of whether a deal had been reached ...
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EU ends approval of cargo-in-the-cabin flights
The European Union Aviation Safety Agency (EASA) has ended its approval of cargo-in-the-cabin flights.Use of the passenger cabin for cargo, known as cargo-in-the-cabin flights, has been authorised since 2020, after the EASA issued approvals and exemptions for the transport of cargo in passenger cabins on a case-by-case basis.However, these approvals ...
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NewsAir cargo ground handling companies face fierce competition
James Wyatt, general manager of aeroconcept. Source: AeroclassCompetition between air cargo ground handlers has ramped up to an “aggressive” level since the start of the Ukraine-Russia war took capacity out of the market.James Wyatt, general manager of Leipzig, Germany-based aviation consulting business aeroconcept, said this loss of capacity has naturally ...
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Cathay Pacific Cargo predicts muted peak season
Cathay Pacific Cargo is expecting a muted peak season while it continues to add passenger flights and faces cross-border trucking issues.Updating on current market conditions, Cathay Pacific head of cargo sales for Hong Kong and the Greater Bay Area (GBA) Frank Yau said that demand out of Shanghai was expected ...
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CargoLogic Germany insolvency proceedings imminent
Insolvency proceedings are expected to be opened imminently against CargoLogic Germany (CLG), according to the airline's administrator.In an update, a spokesperson for insolvency administrator Lucas Flöther said that the company will soon need to start paying staff wages again. Those costs were previously secured for three months as part of ...
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NewsAirblox grows trading platform with the addition of HPW Cargo
Edip Pektas, founder, Airblox. Photo: AirbloxVietnamese freight forwarder HPW Cargo has become the first Southeast Asian company to join online air cargo capacity trading platform Airblox.Airblox is an online marketplace that enables brokers, freight forwarders, and airlines to trade air cargo capacity in the form of standardised electronic block space ...