Cargojet issues warrants to Amazon incentivizing airfreight use in Canada

Canada-based Cargojet and Amazon.com NV Investment Holdings, an affiliate of Amazon.com.ca, entered into a strategic partnership under which Cargojet will issue two tranches of warrants equal to a 14.9% stake in the company. The warrants vest over 7.5 years as certain commercial requirements are met. At first glance, the option to purchase a stake in […]

• Charles Kauffman
• August 23, 2019

Volga-Dnepr Group misses targets, begins restructuring process

Russia-based Volga-Dnepr Group will be executing a restructuring plan after the group’s three carriers – AirBridgeCargo (ABC), ATRAN and Volga-Dnepr Airlines (VDA) – saw their collective traffic drop by 6% in the first half of 2019, to 2.6 million FTKs, missing targets by 20%. While an immediate change involves the appointment of a new general […]

• Charles Kauffman and Jeff Lee
• August 23, 2019

Air Atlanta Icelandic acquires second EVA 747F

Air Atlanta Icelandic has acquired a 747‑400BDSF (27899) from EVA Air [FAT 005104]. The aircraft was ferried from Jakarta (CGK), where it had been stored, to Liège (LGG). Air Atlanta Icelandic told Cargo Facts that this is the second of two 747-400BDSFs recently purchased from the Taiwan-based carrier, confirming our previous suggestion that the Icelandic […]

• Jeff Lee
• August 23, 2019

July 2019 airfreight demand: summer slump persists

As airports and carriers begin to report their July 2019 cargo traffic results, airfreight demand – unsurprisingly – continues to respond negatively to increasing trade friction on the trans-Pacific trade lane, and elsewhere. Carriers from all regions almost unanimously reported moderate year-over-year declines. There is little change from June 2019, for which IATA reported a […]

• Charles Kauffman
• August 22, 2019

Flexport unveils livery for dedicated 747F

A 747-400F (36135) has just been painted in Flexport’s colors and will be entering service for the forwarder’s own-controlled airfreight operation on Aug. 25, flying from Chicago (ORD) to Hong Kong (HKG), Flexport confirmed to Cargo Facts [FAT 005103]. Unit 36135 is one of the three 747-400Fs recently reactivated by Nippon Cargo Airlines (NCA), having been […]

• Jeff Lee
• August 22, 2019

21 Air nabs Aeromexico ACMI contract from ABX Air

Beginning in Q419, U.S.-based cargo specialist carrier 21 Air will begin providing lift for Aeroméxico Cargo on an ACMI basis using its fleet of 767-200BDSFs. Based on the planned routes, 21 Air appears to be taking over flying that is currently handled by ATSG-affiliate ABX Air. At present, ABX Air operates a 767-200BDSF (22785) in […]

• Charles Kauffman
• August 21, 2019

Air France completes D-check on 777F

Air France has completed a scheduled D-check on one of its 777Fs (32966). The aircraft is expected to reenter service this weekend and is scheduled to fly to Chicago (ORD), according to Air France KLM Martinair Cargo. Unit 32966 entered Air France’s MRO facility in Orly (ORY) on 21 July, having been in service for […]

• Jeff Lee
• August 21, 2019

China Cargo signs 747F MRO contract with LHT

Shanghai-based China Cargo Airlines has signed a five-year MRO contract with Lufthansa Technik (LHT). According to a post on social media, this is the company’s first major contract with China Cargo and covers the carrier’s three 747-400Fs. The contract is for LHT’s Total Component Support service, which includes component overhaul and engineering services, and allows the […]

• Jeff Lee
• August 21, 2019