Olympus Airways looks to grow freighter fleet

• Jeff Lee
• February 25, 2020
• Aircraft, Carriers, Conversions, Equipment, Exclusive, Logistics, Narrowbody Conversions, News, Strategy

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

• Jeff Lee
• February 24, 2020
• Aircraft, Carriers, Equipment, Freighter Aircraft Transactions, News, Production Freighters, Strategy

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

• Jeff Lee
• February 21, 2020
• Aircraft, Carriers, Conversions, Equipment, Narrowbody Conversions, News, Strategy, Widebody Conversions

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

• Jeff Lee
• February 21, 2020
• Aircraft, Cargo Facts EMEA 2020 - Video Series, Carriers, Equipment, Express, Narrowbody Conversions, Strategy

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

• Jeff Lee
• February 20, 2020
• Aircraft, Capacity & Demand, Carriers, Equipment, News, Production Freighters, Strategy, Widebody Conversions

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 […]

China Airlines remarkets three 747-400Fs

• Jeff Lee
• February 19, 2020
• Aircraft, Carriers, Equipment, News, Production Freighters, Strategy

[This article has been amended to reflect that the aircraft currently being remarketed are units 30759, 30763 and 30764, not 30759, 30760 and 30762.] Taiwan-based China Airlines is looking to remove three 747-400Fs as it prepares to replace its fleet by taking delivery of new 777Fs later this year. Japan-based SK&Y Associates has been engaged […]

CF EMEA: Intra-Europe widebody freighter operations

• Jeff Lee
• February 18, 2020
• Aircraft, Cargo Facts EMEA 2020 - Video Series, Carriers, Equipment, Express, News, Production Freighters, Strategy, Widebody Conversions

FRANKFURT — The increasing congestion at major European airports and growing express volumes may not be enough to push carriers to upgauge freighters utilized for intra-European routes, according to UPS. During the third session at Cargo Facts EMEA 2020 earlier this month, Jens Poggensee, vice president of transportation procurement for small parcels by air, and […]

Biman Bangladesh looks to add freighters

• Jeff Lee
• February 18, 2020
• Aircraft, Capacity & Demand, Carriers, Conversions, Equipment, Narrowbody Conversions, News, Strategy

Biman Bangladesh Airlines has plans to add freighters to its fleet to satisfy “huge demand” from local traders, Md Mokabbir Hossain, the carrier’s managing director and CEO, told Dhaka-based outlet New Age. Biman’s long-term strategy sees the airline growing its fleet to a total of fifty aircraft by 2030. The carrier currently only has a […]