BlackRock fund hedges aviation bet with freighters

Aviation Holdings III, a pooled private equity fund from BlackRock, is diversifying its portfolio with an order for three 737-800SF freighter conversions from Aeronautical Engineers Inc. (AEI) and the acquisition of three 747-400Fs [FATs 005405-5409]. Although BlackRock’s previous aviation funds have held freighters, the current weakness of the passenger market brought about by the COVID-19 […]

De Havilland extends simplified conversion for Dash 8s

De Havilland has obtained regulatory approval from Transport Canada for its Dash 8-100, -200 and -300 Simplified Package Freighter conversion that features a stripped-out passenger cabin without seats. The manufacturer developed the conversion program as a solution to the lack of airfreight capacity caused by the COVID-19 pandemic, and allows operators to make better use […]

747-400 most sought-after freighter in April FATs

Large widebody freighter aircraft transactions (FATs) have accelerated to eight, up from just three in March as COVID-19 disruptions pushed previously-idled 747-400 and similarly-sized freighters back into service. A total of three 747-400Fs were acquired during the month of April as Western Global Airlines added a production 747-400F (29258, ex-Atlas Air) and as Moldova-based Aerotranscargo […]

777-300ER dominates passenger-freighter fleet

The number of passenger aircraft that have been used as freighters on cargo-only flights and recorded by Cargo Facts in our recently launched passenger-freighter database has now surpassed 1,000. While the type of operation varies widely, from one-off charters to regularly scheduled networks, the sheer scale of the utilization is unprecedented, much like the impact […]

THG Air — U.K.’s newest cargo airline?

British online retailer The Hut Group (THG) has launched THG Air with plans to add two A330 freighters. The aircraft, to be painted in THG colors, will be based at Manchester Airport (MAN), where the group’s headquarters are located. THG told Cargo Facts the aircraft are likely to be A330-200Fs, which are in the final […]

Atlas Air bounces back in first quarter as 747 demand surges

Atlas Air Worldwide Holdings, Inc., the world’s largest operator of 747 freighters, reported a net profit of $23.4 million in the first quarter of 2020 as charter demand surged. Demand for the 747 platform, which was sluggish toward the end of 2019, took a 180-degree turn in 1Q20 as a result of COVID-19 disruptions that […]
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