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Jeff Lee

Jeff Lee

Associate Editor

Jeff Lee is the Associate Editor of the company’s monthly newsletter, Cargo Facts, and weekly e-mail publication, Cargo Facts Update. Prior to joining the company in 2019, Jeff covered the freight industry with another publication for four-and-a-half years. He holds a Bachelor of Laws from University College London and a Master of Journalism from the University of Hong Kong.

Atlas posts $400M loss, parks four converted 747Fs

Atlas Air Worldwide Holdings today reported a net loss of $410.2 million for the fourth quarter of 2019, partly resulting from a non-cash special charge of $485.2 million related to the write-down of the company’s whole 747-400F fleet due to lower cargo yields and aircraft utilization. Atlas posted the loss despite block hours in the […]

CF EMEA: Intra-Europe widebody freighter operations

FRANKFURT — The increasing congestion at major European airports and growing express volumes may not be enough to push carriers to upgauge freighters utilized for intra-European routes, according to UPS. During the third session at Cargo Facts EMEA 2020 earlier this month, Jens Poggensee, vice president of transportation procurement for small parcels by air, and […]

Biman Bangladesh looks to add freighters

Biman Bangladesh Airlines has plans to add freighters to its fleet to satisfy “huge demand” from local traders, Md Mokabbir Hossain, the carrier’s managing director and CEO, told Dhaka-based outlet New Age. Biman’s long-term strategy sees the airline growing its fleet to a total of fifty aircraft by 2030. The carrier currently only has a […]

Connect Cargo freighters grounded

Brazilian startup Connect Cargo’s two leased 737-400Fs are currently grounded and could end up being repossessed by Luxembourg-based Vallair. According to ANAC, Brazil’s National Civil Aviation Agency, the two aircraft are no longer cleared for commercial flights. Connect Cargo, which only completed its Part 121 certification with ANAC and was granted its AOC in June […]

CF EMEA: Striving for freighter-to-belly balance

FRANKFURT — Turkish Airlines, which has a freighter fleet of ten A330-200Fs and seven 777Fs, took its seventh 777F in January and has one more unit on firm order for delivery in a month or so. The carrier also has an overall fleet of around 300 aircraft, including more than 100 widebody aircraft with cargo-friendly […]

CF EMEA: E-commerce drives narrowbody demand

FRANKFURT — Even though the narrowbody freighter market is becoming increasingly competitive, the growth of e-commerce means there’s ample opportunity for aircraft lessors, with an estimated yearly demand for approximately sixty narrowbody freighters every year for the next twenty years. Vx Capital, the largest lessor of 737-400Fs, currently has a portfolio of two 737-300Fs and […]
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