Classic freighter transactions surge in January

Of the sixteen freighter aircraft transactions (FATs) recorded by Cargo Facts in January 2020, more than half involved “classic” freighters, which are defined as aircraft models now dated by a modern alternatives. Conversion orders for narrowbody freighters continued throughout 2019 amid feedstock disruptions stemming from the grounded 737 MAX. An uptick in the number of older widebody […]

Airbus nears launch of A350 freighter program

Airbus is moving ahead with the development of a freighter version of the A350 aircraft, sources tell Cargo Facts. Sources say Airbus is actively pitching a freighter variant of the A350 to cargo operators, and would formally launch the new production freighter program once it secures a charter order. In recent months, sales executives for […]

Olympus Airways looks to grow freighter fleet

Greece-based Olympus Airways plans to expand its fleet of freighter aircraft and expects to have five 757-200Fs by the end of the year. The airline is new to freighters, having only taken its first in December 2019. Olympus’ first 757-200PCF (25294, ex-American Airlines) was converted by Precision Aircraft Solutions at the AerSale facility in Goodyear […]

Cargolux acquires CargoLogicAir 747

A 747-400F previously operated by U.K.-based CargoLogicAir (CLA) has found a new owner in Cargolux, bringing the Luxembourg-based carrier’s all-747 fleet back to thirty units [FAT 005335]. According to the U.K. Civil Aviation Authority, the aircraft (35170, ex-AirBridgeCargo) was deregistered Feb. 19. It was parked in Leipzig (LEJ) on Dec. 30, and brought to Sharjah […]

Cargojet grows 767-300F fleet with purchase

Canada-based Cargojet Airways will add to its fleet a freighter-converted 767-300F later this year. This will take the total number of 767-300Fs in Cargojet’s fleet to thirteen. According to Cargojet management’s discussion of the carrier’s fourth-quarter results, released yesterday, the company purchased the 767-300 (24083, ex-Air Canada) and two spare engines in October 2019. The […]

CF EMEA: Growth prospects for narrowbody freighters in Europe

FRANKFURT — There are still good opportunities for narrowbody freighter operators in Europe, according to CargoLogic Germany (CLG), one of the newest entrants to the market. CLG, which obtained its German Air Operator Certificate (AOC) in September 2019, currently flies a variety of European routes, serving airports including Cologne (CGN), Hannover (HAJ), Milan (MXP) and East […]

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 […]
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