A record quarter for Atlas

Atlas Air Worldwide Holdings (AAWW) reported fourth-quarter 2017 net income up well over 600% y-o-y to $209.5 million, as revenue rose  18.5% to a record $627.9 million. Operating income for the quarter was up 5.2% to $106.7 million. The huge jump in reported net income was driven by three one-time financial items: A $130 million […]
  • David Harris
  • February 22, 2018

6 Chinese lessors with narrowbody freighter ambitions

Seven airlines based in mainland China operate sixty-six 737 Classic freighters that comprise the backbone of the country’s domestic airfreight express fleet. In the coming years, primarily in response to surging e-commerce demand, the narrowbody freighter fleets of China-based carriers are expected to expand rapidly, with new aircraft types. As in most parts of the […]
  • Charles Kauffman
  • February 21, 2018

JD Logistics launches domestic rail freight pilot program

Yesterday we reported that JD.com, Inc. was selling a 19.6% share in its subsidiary JD Logistics, in a deal valued at US $2.5 billion. You can read about that here. In the post, we questioned if the new capital would enable JD to follow Amazon’s lead and build its own air network. Although a crystal […]
  • Charles Kauffman
  • February 15, 2018

JD Logistics’ new multi-billion-dollar investors

Earlier today, Beijing-based e-commerce giant JD.com, Inc., announced it was selling a 19.6% stake in the logistics subsidiary it spun-out as a standalone company last April, in a deal valued at US$2.5 billion. Following US-based Amazon’s launch of an own-operated air freight network (operated by subsidiary carriers of ATSG and Atlas Air Worldwide Holdings Inc.), […]
  • Charles Kauffman
  • February 14, 2018

New-build 767 freighters for SF Express? And who else?

Cargo Facts has learned that the long-rumored negotiations between China-based SF Express and Boeing regarding an order for new-build 767-300Fs may have finally borne fruit, with SF placing a five-unit order. SF Airlines, the air arm of SF Express, has made no secret of its plans to expand its widebody fleet, and has so far […]
  • David Harris
  • February 9, 2018

China Southern inks deal with Boeing for 737-800BCF conversion line

Last week, Boeing and China Southern Airlines Group quietly inked a strategic cooperative agreement that will dramatically expand the capabilities of China Southern’s Guangdong-area MRO facilities. In addition to a number of technology transfers related to repair and maintenance projects across Boeing’s widebody aircraft platforms, Boeing has also agreed to establish a 737-800 conversion line […]
  • Charles Kauffman
  • February 8, 2018

Guangdong Aerocity signs LOI with EFW for ten A320 conversions

Just one day after announcing Vallair as the launch customer for its A321P2F conversion program (click here for that story), EFW followed up with the news that China-based Guangdong Aerocity Holding Co Ltd (GDA) signed a Letter of Intent “for a potential order of 10 A320 Passenger-to-Freighter (P2F) conversions to be carried out by EFW.” […]
  • David Harris
  • February 8, 2018

Vallair is the launch customer for EFW’s A321P2F

At the Singapore Air Show today, Luxembourg-based lessor Vallair confirmed it had placed a launch order with Elbe Flugzeugwerke (EFW) for ten A321 passenger-to-freighter conversions. The first aircraft is scheduled for induction in the fourth quarter of 2018, with redelivery planned by the end of 2019. EFW, a 60/40 joint venture of ST Aerospace and […]
  • David Harris
  • February 7, 2018
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