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

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

LATAM inducts third 767 for conversion into BCF

LATAM Cargo has inducted what will be its third 767-300BCF for conversion at the ST Engineering Aerospace facility in Singapore’s Paya Lebar Air Base (QPG), Boeing and LATAM both confirmed to Cargo Facts [FAT 005096]. The aircraft (34629) is the final outstanding BCF LATAM currently has on order with Boeing. Unit 34629 was delivered to […]
  • Jeff Lee
  • August 20, 2019

Air Incheon ends 767F ops

Earlier this week Seoul-based Air Incheon returned its sole 767-300BDSF (25202) to lessor ATSG West Leasing (a subsidiary of Air Transport Services Group) [FAT 005102]. The carrier plans to continue operating a single 737-400SF and expects no further fleet changes in the near future, Cargo Facts has learned. When Air Incheon added the 767-300BDSF in […]
  • Charles Kauffman
  • August 20, 2019

CAM acquires three ANA 767 freighters

Cargo Aircraft Management (CAM), Air Transport Services Group’s (ATSG) leasing subsidiary, has acquired three 767 freighters from Japanese carrier ANA Cargo [FAT 005097-005099]. While ATSG mentioned during its Q2 earnings call earlier this month that it had acquired three 767s from ANA without specifying the variant, ANA Cargo has now confirmed to Cargo Facts that […]
  • Jeff Lee
  • August 19, 2019
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