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Cargolux close to launching “Cargolux China” jv

Cargolux close to launching “Cargolux China” jv

October 29, 2014 at 10:31 am 0 comments

In a wide-ranging interview in CargoForwarder Global, Cargolux CEO Dirk Reich confirmed that the company is on track to launch a China-based joint-venture carrier. Those of you who followed the Cargolux saga last year may remember that one of the stipulations of the agreement that saw Henan Civil Aviation DevelopmentRead More

CHEP to upgrade, manage Cathay’s ULD fleet

October 29, 2014 at 10:03 am 0 comments

CHEP Aerospace Solutions, a supplier of outsourced unit load devices (ULDs), signed a five-year agreement with Hong Kong-based Cathay Pacific to manage its fleet of 25,000 ULDs. Under the agreement, CHEP will convert most of Cathay’s standard 58 kg ULDs to composite units and provide the airline with access toRead More

ASL to acquire Farnair

ASL to acquire Farnair

October 28, 2014 at 10:08 am 0 comments

Ireland-based ASL Aviation Group signed an agreement to acquire the Farnair Group of companies. ASL said it expected the transaction to close by the end of this year, but gave no financial details. ASL, a joint venture of Compagnie Maritime Belge (CMB, 51%) and 3P Air Freighters (an aircraft leasingRead More

UPS 3Q volumes up across the board

UPS 3Q volumes up across the board

October 27, 2014 at 10:48 am 0 comments

UPS reported third-quarter net income up 10.7% y-o-y to $1.21 billion as total revenue rose 5.7% to $14.29 billion. Operating profit for the quarter was up 8.3% to $1.95 billion. The chart at right shows the company’s financial and operational results for both the third quarter and the year throughRead More

Cargolux takes 11th 747-8F, opens new sales division

October 27, 2014 at 10:45 am 1 comment

Luxembourg-based all-cargo carrier Cargolux took delivery of its eleventh 747-8F (38077) from Boeing. The freighter rolled off Boeing’s production line in February of this year, but the carrier deferred delivery and had it stored at Marana (MZJ) in the interim. Cargolux will put the new freighter into service between LuxembourgRead More

PEMCO launches 737NG conversion program

PEMCO launches 737NG conversion program

October 24, 2014 at 9:19 am 0 comments

MIAMI — The big news from the Cargo Facts Aircraft Symposium here today is the formal launch of a 737-700 and 737-800 conversion program by PEMCO World Air Services. Company President Kevin Casey, speaking on the narrowbody freighter session at the Symposium this morning, announced the formal launch of a multi-platformRead More

Boeing granted authority to offer 737-800BCF

Boeing granted authority to offer 737-800BCF

October 23, 2014 at 8:23 am 0 comments

The first news from the Cargo Facts Symposium in Miami today is that the Boeing Board has granted the company authority to offer a 737-800BCF passenger-to-freighter conversion program. The “authority to offer” is not the same as a formal launch of the program, which remains dependent on Boeing securing aRead More

A good month for airfreight in Hong Kong

A good month for airfreight in Hong Kong

October 22, 2014 at 8:52 am 0 comments

When we posted a summary last week of the early September results from the world’s major cargo carriers, airports, and handlers, neither Cathay Pacific Airways, Hong Kong International Airport, nor Hong Kong Air Cargo Terminals (Hactl) had reported. With data now available from all three, we can say that theRead More