Qantas Freight postpones B747 ACMI freighter upgrade

QANTAS Freight has postponed a plan to upgrade its B747 ACMI freighter contract to a newer, longer-range variant.
The Australian carrier has decided not to finalise a new lease agreement because of weak market conditions in the Asia Pacific region.
In April, Qantas announced its intention to lease a B747-ERF for its global airfreight product.
“In light of recent soft international airfreight market conditions Qantas has elected not to finalise this lease agreement,” says a spokesperson.
“Qantas Freight was intending to replace an older B747-400 freighter with the near-new aircraft, but will not proceed at this stage.”
The change does not affect Qantas Freight’s current services and the existing international freighter schedule remains in place, a statement adds.
“The airfreight industry is cyclical and Qantas will re-examine options when the markets have strengthened,” it adds.
Share this story

Related Topics

Latest news

Cainiao partners with Ethiopian to launch pharma service

By Rachelle Harry

Cainiao Smart Logistics Network, the logistics division of Alibaba Group, has partnered with Ethiopian Airlines to launch an airfreight pharma…

Read More

Share this story

Gebrüder Weiss joint venture facilitates New Silk Road activity

By Rachelle Harry

Logistics firm Gebrüder Weiss has formed a joint venture with China-based Global Freight System (GFS), which specialises in transporting parcels…

Read More

Share this story

AEI receives approval update from the FAA

By Rachelle Harry

Aeronautical Engineers, Inc. (AEI) has received approval from the Federal Aviation Administration (FAA), which allows it to use Split Scimitar…

Read More

Share this story