Latest news – Page 275
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News
Conversions to cool in second half of the decade
Freighter conversions are expected to cool in the second half of the decade after nearly doubling in the last few years.In a LinkedIn post, Mike Stengel, senior associate at AeroDynamic Advisory, said that in the 1990s the average number of conversions each year was 57, in the 2000s this increased ...
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NewsLATAM receives second B767 converted freighter
Source: LATAM CargoLATAM Cargo has received the second of 10 B767 converted freighters ordered as part of plans to expand its cargo business.The latest addition (CC-CXE) increased the group's freighter fleet to 13 aircraft with another eight due to be delivered by the end of 2023.The 13-year-old Boeing converted freighter ...
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NewsAir Canada Cargo expands domestic and transatlantic freighter network
Photo: Air CanadaAir Canada Cargo will expand its freighter network to Atlantic Canada and Europe and grow its e-commerce offering.The cargo airline will offer five flights per week from Toronto to Halifax, starting April 19, plus six flights per week from Toronto to St. John’s, starting May 1.Additionally, the entry ...
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NewsZeitfracht’s German Airways moves into marine logistics with drones
Photo: Zeitfracht GroupZeitfracht Group and its subsidiary German Airways have now agreed to purchase 17 Wingcopter 198 transport drones for use in offshore wind farm transport.The deal, which sees Zeitfracht Group and German Airways amongst the first companies in the world to use drones commercially in logistics, comes with options ...
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NewsASL Aviation orders up to 20 737-800BCFs
737-800 Boeing Converted Freighter. Photo: BoeingDublin-headquartered ASL Aviation Holdings (ASL) has ordered up to 20 additional 737-800 Boeing Converted Freighters (BCF).The agreement is for 10 firm orders and 10 purchase rights.This is ASL's second order for the 737-800BCF and including options, will bring the organisation's total 737-800BCF orders and commitments ...
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NewsFedEx teams up with Elroy Air on US drone network
Source: FedExFedEx Express has partnered with drone firm Elroy Air to develop the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system.The tie up will see FedEx Express test Elroy Air’s Chaparral autonomous air cargo system within the company’s middle-mile logistics operations in the US, moving shipments between ...
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NewsManufacturing bolsters Asia Pacific air cargo
The Association of Asia Pacific Airlines (AAPA) has reported strong demand for air cargo supported by a robust manufacturing market.Overall, international air cargo demand in freight tonne kilometres (FTK) edged 0.2% higher year-on-year in February, with volumes close to 9% above the corresponding month in the pre-pandemic year of 2019.Offered ...
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NewsMixed outcome for airlines in battle against air cargo cartel fines
Source: ShutterstockThere was mixed outcome for airlines in their battle against air cargo cartel fines issued by the European Commission.On March 30, the European Union (EU) General Court dismissed the actions brought by Martinair Holland, KLM, Cargolux Airlines, Air France-KLM, Air France, Lufthansa, Singapore Airlines and Singapore Airlines Cargo and ...
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NewsCharterSync lands 250th Covid flight out of China
Photo: CharterSyncCharterSync has landed its 250th flight out of China carrying vital Covid-19 medical supplies including test kits and syringes.Between November 2021 and March 2022, the air cargo charter business facilitated the arrival of 57 flights of Covid-19 syringes and test kits into the UK, with an additional 193 flights ...
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News
Menzies and NAS finalise £571m takeover deal
Menzies will recommend to shareholders a takeover offer from Agility subsidiary National Aviation Services (NAS) that values the company at £571m.The two companies today announced they reached agreement on the terms of a recommended cash offer to acquire 100% of the ordinary shares in Menzies at a price of £6.08 ...
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NewsLogistics firms predict Shanghai lockdown airfreight disruption
Global logistics firms are anticipating disruption, delays and price increases for air cargo supply chains in Shanghai following the start of a nine-day Covid lockdown in the city.Shanghai started a two-phase lockdown on March 28. From this date until April 1, the city’s east side, including Pudong, will be locked ...
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NewsNew chief executive for FedEx as founder Smith takes new role
FedEx Corp will gain a new chief executive in June when Raj Subramaniam steps up to take over from company founder Fred Smith.Effective June 1, current chairman and chief executive Fred Smith will become executive chairman. Meanwhile, current president and chief operating officer Raj Subramaniam will be promoted to president ...
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NewsDHL adds extra freighters through Cargojet tie up
DHL B777. Source: DHL ExpressDHL Express has entered into a long-term agreement with freighter operator Cargojet that could potentially see the express firm acquire shares in the freighter company.The five-year deal, with options for an extra two years, will see Cargojet provide an extra five B767 freighters in addition to ...
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News
Antonov seeks funding to build AN-225 replacement
Antonov has issued an appeal to raise funds to replace its unique AN-225 "Mriya" aircraft that was recently destroyed during the conflict in Ukraine.The Ukranian aircraft design and manufacturing company issued a statement on Facebook on March 25 that said it plans to establish an international fund to enable the ...
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News
Qatar Cargo teams up with CargoWise on e-bookings
Software firm WiseTech Global's freight forwarder users will be able to book space on Qatar Airways Cargo flights after the two announced a new e-booking partnership.The eBooking connection between WiseTech’s CargoWise platform and Qatar Airways Cargo management system, CROAMIS, enables freight forwarders using CargoWise to choose their flight and confirm ...
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NewsLufthansa Cargo and cargo.one debut auto assigned AWBs
Source: cargo.oneLufthansa Cargo and cargo.one have launched a joint initiative that removes the prerequisite for freight forwarders to hold valid Air Waybill (AWB) stock before making an air cargo booking.cargo.one users can now book Lufthansa Cargo’s global capacities and have an AWB automatically assigned.Freight forwarders using cargo.one to book shipments ...
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News
Rates decline in March despite Ukraine crisis and Covid restrictions
Airfreight rates on major east-west trade lanes declined in March despite the impact of the Ukraine crisis on airfreight and supply chain disruption in Asia caused by Covid.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in March rates on services from Hong Kong to North America ...
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NewsWestJet Cargo targets air cargo growth with GTA Group
WestJet Cargo, Boeing 737-800NG freighter. Photo: WestJetCanada-based airline WestJet Cargo is partnering with ground handler the GTA Group to increase shipping capacity using four dedicated Boeing 737-800NG freighters operated by WestJet, to fulfil overnight express cargo demand out of WestJet's Toronto hub.The partnership is expected to support the expansion and ...
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NewsXeneta appoints freight forwarding vice president
Scott Irvine. Photo: XenetaXeneta has appointed Scott Irvine as vice president of freight forwarding.Irvine has worked in the logistics industry for over two decades, holding senior leadership roles across both shippers and freight forwarders. Most recently he was the vice president of air & ocean for digital freight forwarder Zencargo.At ...
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NewsEuropean Cargo announces growth accelerator investment
Photo: European CargoEuropean Cargo Limited has closed a minority equity investment that will be partly used for converting the company’s A340 fleet to full cargo freighters.The minority equity investment has been made by Priority 1 Logistics Holdings LLC, a newly-formed subsidiary of US-based, Priority 1 Holdings LLC.Proceeds of the investment ...