Is this the end of the line for TNT?

What was perhaps TNT’s last chance at continued independence ended today with the publication of the company’s fourth-quarter and full-year 2011 results. On Friday, after European stock markets closed, TNT Express announced that it had rejected an offer by UPS to buy the Netherlands-based integrated express company for EUR9 per share – 42% above Friday’s […]

Volga-Dnepr to take over Air Cargo Germany?

Rumors are circulating in Frankfurt about a potential takeover of struggling Air Cargo Germany by Moscow-based Volga-Dnepr Group, the parent of scheduled service operator AirBridge Cargo and outsize/heavylift specialist Volga-Dnepr Airlines.   The story comes from Cargo Facts’ European editor, Alex Lennane. I’ll paste it in below, but first, a few words about Alex. In […]

Airbus, ST Aero, and EFW launch an A330 freighter conversion program

At the Singapore Airshow today, Airbus, Singapore Technologies Aerospace, and EADS EFW made a joint announcement launching a passenger-to-freighter conversion program for the Airbus A330 aircraft family, including both the -200 and -300 variants. More accurately the three said they had “signed an MoU for a strategic partnership to develop the A330 Passenger-to-Freighter (P2F) conversion program,” […]

Cathay predicts cargo slowdown into H2 2012

Cathay Pacific Airways, which earns 30% of revenue from its cargo business, has warned the slowdown in air freight may continue into the second half of the year. The passenger and cargo carrier reported a 10th consecutive decline in monthly volumes. Chief Executive Officer John Slosar said he wasn’t expecting the trend to reverse in […]

A meaningful silence?

It’s another cold, wet Monday morning in Seattle, and most of us here at Cargo Facts wish we were in Singapore where the big Airshow is about to start. Looks like it’s wet there, too, but at least we wouldn’t be cold. But thinking about the Singapore show reminded me of the Dubai show three […]

VarigLog grounds its fleet.

Brazil-based all-cargo carrier VarigLog grounded its fleet and placed a note on the home page of its website informing employees that it had suspended operations. Yesterday, the carrier updated the note saying that while it was temporarily suspending employee contracts it hoped to resume operation “as soon as possible.” Varig Logistica began operation in 2000 […]

Payload Asia, ACMG Form Partnership to Enhance Cargo Facts Asia

Payload Asia, one of the leading cargo publications in that region, and Air Cargo Management Group have formed a marketing partnership for Cargo Facts Asia. Specifically, Payload Asia will support Cargo Facts Asia’s development, and has committed to taking part in the event. I speak for the entire ACMG team when I warmly welcome Payload Asia […]

Global Aviation Holdings files for Chapter 11 protection

Global Aviation Holdings, the parent of ACMI and charter carriers World Airways and North American Airlines, “commenced a financial restructuring through the voluntary filing of petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code.” Global is owned by private investment firm Matlinpatterson. World, which operates MD-11 and 747-400 freighters and MD-11 passenger aircraft, […]
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