FedEx reports substantial 4Q loss from economic weakness, trade issues

This week, Memphis-based FedEx reported a 3.0% year-over-year increase in revenue for its 4QFY19, ended 31 May, to US$17.80 billion. Operating income during the quarter was mostly flat at 0.9% to $1.31 billion, and the company reported a net loss of $1.96 billion, down from $1.13 billion income for 4QFY18.  The Express segment saw weak performance for […]
  • Chelsea Toczauer
  • June 26, 2019

KLM leases Atlas Air 747 to cover maintenance, incident at Dar-es-Salaam

One of KLM Cargo’s 747-400ERFs (33694) is grounded at Schiphol (AMS) after having been involved in a ground incident at Dar-es-Salaam (DAR) last week. Air France KLM Martinair Cargo confirmed to Cargo Facts that the aircraft is expected to be out of service until 1 July. Coincidentally, the carrier said that it had already arranged […]
  • Jeff Lee
  • June 26, 2019

West Atlantic returns a 767-200F to CAM

Sweden-based West Atlantic flew one of its four 767-200BDSFs (22788, ex-ABX) from Leipzig (LEJ) via Bangor (BGR) to Columbus (LCK) toward the end of last week. The airline confirmed to Cargo Facts that the aircraft came off lease and was being redelivered to lessor Cargo Aircraft Management (CAM) [FAT 005027]. This aircraft was a relatively […]
  • Jeff Lee
  • June 25, 2019

CargoLogic Germany closer to putting 737-400Fs into service following NCC approval

After receiving preliminary approval from European authorities to begin route-proving 737-400F flights, Leipzig (LEJ)-based CargoLogic Germany (CLG) anticipates receiving an Air Operator's Certificate (AOC) and taking redelivery of its third 737-400SF in a matter of months. As Cargo Facts had expected, the carrier’s third aircraft (25775) was already redelivered to fellow Volga-Dnepr Group affiliate carrier […]
  • Jeff Lee
  • June 21, 2019

BBAM inks LOI for an EFW A321P2F

San Francisco-based lessor BBAM signed a letter of intent with Elbe Flugzeugwerke (EFW) for one A321 passenger-to-freighter conversion yesterday at the Paris Air Show [FAT 005020]. The order represents EFW’s first order for its A321 passenger-to-freighter conversion program since Luxembourg-based Vallair placed a ten-aircraft launch order last February. As for BBAM, this is the company’s […]
  • Jeff Lee
  • June 20, 2019

ASL signs MoU for up to 20 737-800BCFs

Ireland-based ASL Aviation Holdings placed a firm order for ten 737-800BCFs with purchase rights for an additional ten, in a memorandum of understanding signed with Boeing today at the Paris Air Show [FATs 004986-5005]. While these will be the first 737-800BCFs to be owned by ASL itself, the company has, since last year, already been […]
  • Jeff Lee
  • June 19, 2019

Qatar Airways commits to five more 777Fs

Qatar Airways plans to add another five 777Fs to its freighter fleet, the carrier announced today as part of a commitment signed with Boeing at the Paris Air Show. The carrier is already the second-largest operator of the type, with sixteen 777Fs currently in service and another five on order, excluding today’s commitment, which if […]
  • Jeff Lee
  • June 19, 2019

Ex-Alaska 737-400 combis start to find new life as full freighters

Canada-based Avmax took redelivery of the first of two combi-to-freighter converted 737-400Fs (25099, ex-Alaska Airlines) it has on order with PEMCO World Air Services. Avmax tells Cargo Facts that a second 737-400M (25100) has also been converted to full-freighter configuration and that it is considering full-freighter conversion as an option for the remaining three 737-400 Combis in its portfolio.  Starting with the first […]
  • Jeff Lee
  • June 13, 2019
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