Korean Air renews fleet amidst soaring cargo revenues

Yesterday, Korean Air took delivery of its twelfth 777F (62697),  as part of a plan to renew a fleet once heavily-reliant on 747-400BCFs and 400ERFs. This unit is on lease from GECAS, and was the fifth aircraft included as part of a sale-and-leaseback deal for five 777Fs between Korean Air and GECAS that was reached […]
  • Charles Kauffman
  • October 17, 2017

3 predictions for air cargo in 2020

Last week, our sister publication Air Cargo World, presented its second annual ELEVATE conference in Miami, providing a deep-dive into how digitalization and innovation are rapidly altering the air freight logistics industry. Trends like the e-commerce revolution, and the subsequent emergence of new players in the logistics space have made modernization central to survival for […]
  • Charles Kauffman
  • October 11, 2017

Big freighters for sale, cheap… or, maybe not

You’ve clicked “Add to cart” for those new shoes, the milk powder, and a couple of bottles of shampoo. But before you hit “Buy,” is there anything else you need? Books? Music? Electronic gadgets? No? Well, how about a 747-400ERF? Or, since they’re so cheap, how about three 747-400ERFs? That’s right. Three 747-400ER freighters are […]
  • David Harris
  • September 25, 2017

Where have all the orders gone — Part II

Yesterday we looked at the sudden drop-off in orders for production jet freighters — despite surging demand for air freight. You can read Part I here (including detailed charts of the orders, deliveries, and backlogs for all of Boeing’s and Airbus’ freighters). Today we turn to an analysis of the order and delivery situation on […]
  • David Harris
  • August 31, 2017

Where have all the orders gone?

What has happened to the market for production freighter aircraft? The conversion houses can hardly keep up with demand for narrowbody and medium widebody freighters, the news is full of stories of e-commerce driving big increases in demand for air freight, and airlines the world over are reporting increasing traffic and yields. But new orders […]
  • David Harris
  • August 30, 2017

747 era draws to a close at EVA Air [VIDEO]

EVA Air was founded in Taiwan in 1989, and, just three years later, began adding main-deck cargo capacity in the form of 747-400 combis. Taking advantage of the boom in trans-Pacific air freight demand (Taiwan was a major manufacturing center for goods destined for the US), EVA ramped up its cargo business and quickly began adding […]
  • David Harris
  • August 25, 2017

The World’s top 50 cargo carriers Part II — what’s with the data?

Yesterday, in Part I of this analysis we included a chart showing our best estimate of the international, domestic, and total cargo traffic (including mail and both scheduled and charter freight) flown by the top fifty carrier groups worldwide. But why do we call it our “best estimate,” and how is our best estimate different […]
  • David Harris
  • August 9, 2017

Precision and ATSG form A321 freighter conversion JV

Ending its silence on the subject of “what comes next,” 757 conversion specialist Precision Aircraft Solutions this morning announced the formation of 321 Precision Conversions, LLC, a joint venture with Air Transport Services Group (ATSG) “to develop a passenger-to-freighter conversion of Airbus A321-200 Aircraft.” It has been something of an open secret in the industry […]
  • David Harris
  • August 7, 2017
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