ASL acquires TNT’s airlines

It’s official: as of today, ASL Aviation Group acquired the two airlines formerly owned by TNT Express. When FedEx made its offer to acquire TNT Express, one of the conditions imposed by EU law was that TNT Express’ airlines – TNT Airways and Pan Air Líneas Aéreas – could not be part of the deal. […]

Atlas scores deal with Amazon for 20 freighters, 20% stake

It’s déjà vu all over again! The dust still hasn’t settled from the Amazon/ATSG deal, and now the e-commerce giant has done it again, this time with Atlas Air Worldwide Holdings Inc. Simultaneously with the release of its first-quarter results, Atlas [ticker: AAWW] announced the signing of an agreement with Amazon under which AAWW’s airline subsidiary […]

Double-digit profit growth for UPS

UPS, like its main competitor FedEx, turned in a solid performance in its most recent quarter. UPS reported first-quarter net income up 10.2% y-o-y to $1.13 billion, as total revenue increased 3.2% to $14.42 billion. Operating profit for the quarter was up 9.0% to $1.82 billion. Looking first at revenue: UPS said that “growth was […]

CAAC approves Wuhan hub for SF

The Civil Aviation Authority of China (CAAC) approved SF Express’ application to build a new airport in Yanji, a small town near Wuhan. Assuming SF goes ahead with the project, it will have an express air hub that is within two hours flying time of a billion people. Draw a line on a map of China, […]

TNT – the final quarter

TNT published its first-quarter 2016 results. Or perhaps “final quarter” would be a better term, or “last full quarter.” After seventy years in business, TNT is counting down its final six weeks, with 6 June likely the day FedEx will formally acquire the Netherlands-based express company. But in the meantime, TNT reported a net first-quarter loss […]

CFA 2016: 757 conversion orders keep rolling in

HONG KONG — Precision Aircraft Solutions announced another eight orders for 757-200PCF passenger-to-freighter conversions at Cargo Facts Asia 2016 here yesterday. China Postal Airlines ordered six, while recent startup China Air Cargo Corp ordered two. As we reported late last year, when Boeing announced a launch order from China Postal for ten 737-800BCF conversions, there was […]
Page 30 of 46« First...1020«2829303132 » 40...Last »
Get Latest Issue