Good news/bad news from Boeing

First, the good news: The US-based manufacturer reported strong second-quarter results, with revenue up 1% to $22.05 billion and net income up 52% to $1.65 billion. The gains were driven by the company’s Commercial Airplanes division, as the Defense and Space division saw revenue fall. The Commercial Airplanes division delivered 181 airplanes in the quarter, […]

Where have all the freighters gone?

Where have all the freighters gone? To the Persian Gulf, that’s where. For the last two years air freight industry news has been dominated by stories of the demise of the freighter aircraft. Air freight demand may be rising, but, if you believe the headlines, all that freight will soon be moving in the bellies […]

New cargo terminal for Ethiopian Airlines

Ethiopian Airlines signed a EUR50 million loan agreement with the French Development Agency (AFD) to construct a new “state-of-the-art” air cargo terminal at Addis Ababa. When completed, the facility will have annual capacity to handle 1.2 million tonnes of cargo. The new cargo terminal is part of Ethiopian Cargo’s Vision 2025, aimed to support the […]

Aircraft manufacturers as political footballs

It’s easy to think of Airbus and Boeing as corporate behemoths, all-powerful giants capable of getting whatever they want. But even giants have problems, and at the moment both Airbus and Boeing find themselves on the periphery of political battles that have the potential to hit their bottom lines. A political battle now underway in […]

Boeing issues new freighter fleet prediction

Boeing issued the 2014 edition of its Current Market Outlook (CMO), forecasting passenger and cargo traffic, and the composition of the commercial jet aircraft fleet, for the twenty-year period through 2033. The full CMO is available on the Boeing website, but we will summarize some of the highlights – particularly concerning air freight demand and […]

Martinair for sale? Who will buy it?

Earlier this year we reported that Air France-KLM, which has been gradually paring back its main-deck capacity, was considering exiting the main-deck freight business altogether. The subject was discussed at a AF-KLM Board meeting early in the second quarter of this year, and while no public announcement was made at that time,  one observer at […]

Air China Cargo gets a cash boost

Air China Cargo is receiving an RMB2 billion boost from its joint venture partners. Cathay Pacific, Air China, and a third investor (Fine Star) will inject two billion yuan (US$321 million) of new equity into Shanghai-based Air China Cargo. Cathay said the funds would allow the carrier to “adjust its fleet, to reduce its operating costs […]
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