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FedEx’s quarterly earnings take hit from cyberattack, hurricane

FedEx’s quarterly earnings take hit from cyberattack, hurricane

Earnings, Express, News September 20, 2017 at 10:59 am

After a record fourth quarter in its fiscal year 2017, FedEx’s 2018 fiscal year got off to a rougher start as TNT Express operations faced costly setbacks from a cyberattack, and as the company’s US operations felt the disruptive forces of Hurricane Harvey. Overall net income was down 17% year-over-year,Read More

Suparna adds 747-400F, ultimately bound for Cargolux’s China venture?

Suparna adds 747-400F, ultimately bound for Cargolux’s China venture?

Aircraft, Airports, Asia, Carriers September 19, 2017 at 10:46 am

Last month, ASL Airlines Belgium returned a 747-400F (35235) to lessor Aircastle, and today the aircraft arrived in Hong Kong, where it is now on lease to Shanghai-based Suparna Airlines (formerly Yangtze River Airlines). Although the duration and terms of the lease are not known, the aircraft is rumored toRead More

One of AirBridgeCargo's ten 747-8Fs.  Photo: Alex Kwanten

Intrepid Aviation delivers second 747-8F to ABC

News September 18, 2017 at 10:52 am

Last Friday, US-based lessor Intrepid Aviation acquired a 747-8F from Boeing (63781), and placed it on long-term lease with Russia-based AirBridgeCargo. Intrepid’s first 747-8F (63695) was delivered to AirBridge in April 2017, and last Friday’s delivery was the second, and final, aircraft included as part of the deal. The orderRead More

New ACMI-deals highlight growing demand for 747Fs

New ACMI-deals highlight growing demand for 747Fs

Aircraft, Asia, Capacity & Demand, Carriers, News September 15, 2017 at 10:52 am

This month, Atlas Air Worldwide (AAWW) will begin operating a 747-400F on an ACMI basis for Deutsche Post DHL Group’s forwarding subsidiary, DHL Global Forwardin. Separately, Orlando-based National Airlines announced it had placed two 747-400Fs with China-based BST Logistics. Do these deals sound familiar? They should. Atlas has recently inkedRead More

First look at August cargo results

First look at August cargo results

Airports, Asia, Carriers, Traffic September 14, 2017 at 10:49 am

August results are now in from some of the world’s major cargo carriers and airports, and it appears that growth in demand for air freight is continuing to be very strong. Some carriers and airports saw better results in August than in July, while others reported smaller gains, but theRead More

Forwarders discuss Sea-Tac logistics challenges

Forwarders discuss Sea-Tac logistics challenges

News September 13, 2017 at 10:55 am

SEATTLE — The good times keep rolling for air cargo in 2017 with month after record-setting month, but an Airforwarders Association (AfA) panel at the Seattle-Tacoma International Airport (SEA) last night discussed an important point: How do you deal with too much of a good thing? “Sea-Tac’s current infrastructure wasn’tRead More

Could politics cool the hot market for air freight ?

Could politics cool the hot market for air freight ?

News September 12, 2017 at 10:56 am

Almost unanimously at airports around the world, 2017 cargo volumes are showing significant growth over 2016. Amsterdam (AMS), and Brussels (BRU), are no exceptions, having recently reported cargo volumes up 8.3% and 12.9% y-o-y, for the eight-month period through August 2017. Neither airport is uncorking the champagne just yet, however,Read More

Atlas expands its fleet

Atlas expands its fleet

Aircraft, Asia, Capacity & Demand, Carriers, News September 11, 2017 at 10:33 am

Atlas Air Worldwide Holdings (AAWW) acquired a 747-400ERF (33515) on lease from Altavair. The freighter was originally delivered to Korean Air in 2003, and has been operated by Korean until now. Altavair acquired it, along with a sister ship, in a forward sale late last year. The second of theRead More