Blue Skies, nothing but blue skies…

Blue Sky Aviation Services, a startup all-cargo carrier based in Dubai, acquired an A300-600 Freighter (788, ex-Maximus Air) and says it will soon launch operations from Al Maktoum International Airport (DWC). This is hardly the first small all-cargo carrier to operate in the Gulf Region, and the acquisition of a 16-year-old A300 freighter is not […]

AZUL to add dedicated ATR freighters

Azul will change from Quick Change to dedicated freighter operations. Brazil-based Azul Linhas Aéreas Brasileiras has for some time operated three of its ATR72-500s in Quick Change configuration, flying passengers during the day, and removing the seats for cargo operation at night. But according to reports in the Brazilian press, the carrier is in the process […]

TNT increases its focus on road transport

TNT reported a net loss of EUR56 million in the third quarter of 2014, well down from a EUR6 million profit in 3Q13, as revenue declined 2.0% y-o-y to EUR1.65 billion. Operating income in the quarter went from slightly positive (EUR3 million) a year ago to a EUR47 million loss this year. The reported figures […]

ATSG reports 3Q profit up, extends DHL agreement

US-based Air Transport Services Group (ATSG) reported third-quarter net income up 27.0% y-o-y to $10 million, as total revenue rose 3.1% to $185 million. Operating income for the quarter was up 10.1% to $18 million, and CEO Joe Hete said “I’m confident that we’re heading for one of the best years in our history, given […]

3Q net income up 16% for Atlas

Atlas Air Worldwide Holdings reported third-quarter net income up 16.2% y-o-y to $26 million, as revenue rose 14.9% to $486 million. Operating income (EBIT) for the quarter was up 5.7% to $61 million. The chart at right gives a detailed look at the company’s financial and operational performance, but here are some highlights by operating segment: […]

Li’s Cheung Kong takes to the skies

Hong Kong-based Cheung Kong Holdings Ltd, the flagship company of Asia’s richest man Li Ka-shing, will enter the aircraft leasing business. The company agreed to pay US$1.9 billion to buy 45 aircraft from a variety of sources for its own leasing operation. In addition, Cheung Kong will form a 60/40 leasing joint venture with MC […]

Full throttle at Expeditors

It was double-digit gains almost everywhere for US-based forwarder and logistics services provider Expeditors International. Expeditors reported third-quarter net income up 10.9% y-o-y to $103 million as net revenue (what European forwarders call gross profit) rose 5.8% to $513 million. Operating income for the quarter increased 8.8% to $159 million. The revenue and income increases […]

Keeping track of the narrowbody conversion programs

How many narrowbody conversion programs does the world need? When Aeronautical Engineers Inc announced the launch of a 737-800 P-to-F conversion program at the Cargo Facts Asia event in Hong Kong this spring, we did not expect AEI would have the field to itself for long. But just six months later the field has become […]
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