Cathay stays in the red, despite continued cargo strength

The Cathay Pacific Group reported a net loss of US$34 million in the first half of 2018, marking an improvement from 2017’s first half when the Hong Kong-based carrier reported a net loss of $261 million as its passenger business struggled to counter increasing competition from airlines based in mainland China. So far this year, […]
  • Caryn Livingston
  • August 8, 2018

YTO Express to convert former military air base into global operations hub

Earlier this week, Shanghai-based YTO Express, the parent company of YTO Cargo Airlines inked an agreement with the Jiaxing City local government to convert a 96-hectare plot of land at Jiaxing Airport (JXS) into an aviation logistics hub. Once completed, the former military airport will assume Hangzhou Xiaoshan (HGH) Airport’s current role as the main […]
  • Charles Kauffman
  • August 2, 2018

US cherry exports shrugging off tariff impacts?

A 25% tariff on about $50 billion worth of Chinese imports into the US went into effect on 6 July, prompting retaliatory tariffs from China and sparking a trade war midway through the Pacific Northwest’s cherry season. Typically, cherry exports to China are a huge business during July and for the region generally – during […]
  • Caryn Livingston
  • July 31, 2018

Is JD.com exploring own-controlled capacity?

Earlier this week, reports emerged that Chinese e-commerce giant JD.com had entered into discussions with the HNA Group over potential “participation” in one of the group’s air cargo carriers. We note that collaboration between the two companies has been expected to some extent since March of this year when JD.com and HNA Group entered into a […]
  • Charles Kauffman
  • July 24, 2018

Volga-Dnepr Group finds its HUB-2 at Liege

Earlier this week, when the Volga-Dnepr Group and its UK-based affiliate CargoLogicHolding inked a massive deal with Boeing for up to thirty-four widebody freighters – a letter of intent to purchase twenty-nine 777 freighters, and an order for five 747-8 freighters, we questioned where some of these aircraft might up. Yesterday, Volga-Dnepr Group and U.K.-based […]
  • Charles Kauffman
  • July 19, 2018

YTO Cargo Airlines chasing cross-border e-commerce with 757Fs

Hangzhou-based YTO Cargo Airlines this year added two Precision-converted 757-200PCFs to its fleet, which previously consisted of just six 737-300Fs, with the intention of going global. Although it has taken YTO longer than anticipated to launch international cargo flights, new flight rights may soon be granted, and the carrier’s pursuit of chasing cross-border e-commerce volumes […]
  • Charles Kauffman
  • July 10, 2018

First NCA aircraft returns to service

On 4 July, Nippon Cargo Airlines (NCA) announced that a single 747-8F (36141) passed a government safety audit, and was cleared to return to service. Shortly after, on 5 July, the aircraft went on to complete a round-trip flight between Shanghai Pudong (PVG) and Tokyo Narita (NRT) – the carrier’s first scheduled own-operated flight since […]
  • Charles Kauffman
  • July 5, 2018

航空运费上升,鉴于日本货运航空停航以及中美贸易战升温

日本政府继续审核检修记录,日本货运航空(NCA)旗下的11架波音747货机已经停飞了近两周时间。作为中美贸易战的一部分,额外关税征收预计于7月6日起正式实施,日本货运航空的停航使得亚洲空运出口的运力突然下降,很多货主急于在新关税起征之前填满库存,直接导致部分跨太平洋贸易航线的运费,已经攀升至年度的最高点。 某家国际著名货代公司上海分公司的区域经理告诉《空运通讯》,只有签约多家航空公司的运力协议才能将系统性风险降到最低。尽管如此,上海浦东国际机场(PVG)在短期内损失三班跨太平洋定期货运航班,仍然对于上海空运市场带来显著的影响,尤其是在目前空运市场需求依然旺盛的情况下。随着运力缩减,运费开始相应上升。根据TAC指数公布,6月25日香港至北美航线的航空运费为4.09美元/公斤,相比于6月18日的航空运费为3.77美元/公斤,这也是2018年迄今为止的最高航空货运价格。 值得一提的是,例如上海浦东国际机场的一些出港航线,即期运费已经大幅上涨0.80至1美元/公斤,并且还有进一步上涨的趋势。 尽管其他航空公司努力增补运力,以抢占日本货运航空停航后所出现的市场真空,航空运费仍在不断上升。近期,阿特拉斯航空首席商务官Michael Steen在公司投资者日告知广大股东,作为前期签署协议的一部分,阿特拉斯航空将为日本货运航空运营两架波音747-400货机。Michael Steen表示,阿特拉斯航空正在运营额外的租赁包机,以协助日本货运航空尽可能的完成预定航班计划。根据日本货运航空的最新声明,可以肯定的消息是,七月初其货运航班还无法恢复运营。
  • Charles Kauffman
  • July 3, 2018
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