Fleet renewal underway at EVA

Taiwan-based EVA Air took delivery of a 777F (62826), the third of five it has on order with Boeing [FAT 004632]. The aircraft is being acquired as part of EVA’s fleet renewal program, which aims to replace the remaining 747Fs in its fleet with 777Fs by 2019. In related transactions, Atlas Air Worldwide Holdings acquired […]
  • Charles Kauffman
  • August 31, 2018

Turkish Cargo revenues, volumes rise in 1H

Turkish Cargo reported cargo revenues rose 35% y-o-y in 1H18, to US$784 million. During the same period cargo volumes increased by 27.7%, to 660 thousand tonnes. Since the first half of 2017, Turkish has added two 777Fs to its eighteen-unit freighter fleet.
  • Charles Kauffman
  • August 10, 2018

Fraport sells its stake in Hannover Airport

Airport operator Fraport sold its 30% stake in Flughafen Hannover-Langenhagen (FHLG), the operating company of Hannover Airport (HAJ), to iCON Infrastructure Group for €109.2 million. Fraport had initially acquired a 20% stake in FHLG in 1998, followed by another 10% five years later. Fraport expects the deal will be complete within the next two months, […]
  • Charles Kauffman
  • August 10, 2018

Volga-Dnepr, Henan Province partner on Belt and Road initiative

Russia-based Volga-Dnepr Group signed an agreement with Henan Airport Group and Zhongyuan Asset Management to form a “trans-Siberian air bridge” as part of China’s Belt and Road initiative, aimed at redeveloping the ancient Silk Road route between Europe and Asia. The partnership will focus on the Zhengzhou Airport (CGO) and the Zhengzhou Airport Economic Comprehensive […]
  • Caryn Livingston
  • August 10, 2018

Rapid growth of China’s express market continues into 1H18

During the first half of this year, China’s domestic express delivery sector delivered 22.08 billion parcels, an increase of 27.5% y-o-y from 1H17.  International cross-border deliveries, which include parcels moving between mainland China, Taiwan, and Hong Kong and Macau, increased by 43.1% during the same period, to 520 million parcels, according to statistics from the […]
  • Charles Kauffman
  • August 10, 2018

Walmart, JD.com invest $500 million in Chinese online delivery company

Walmart and JD.com will invest $500 million in the Chinese online delivery company Dada-JD Daojia. The company was formed from the merger of JD.com’s JD Daojia online-to-offline business and Dada Nexus, the crowd-sourced delivery company. JD Daojia partners with retail stores to provide one-hour delivery services for groceries and other items, and Reuters estimates JD […]
  • Caryn Livingston
  • August 10, 2018

K+N to open Chile pharma logistics

Next month, Switzerland-based forwarder and logistics service provider Kuehne + Nagel’s (K+N’s) new 17,600-sq.-meter hub will serve South America’s expanding pharma and healthcare industry through dedicated warehousing. The space could eventually be expanded up to 23,300 sq. meters and will connect to K+N’s global KN PharmaChain network. The logistics hub will offer a quality-control laboratory for […]
  • Charles Kauffman
  • July 13, 2018

Azul Cargo Express’ first 737-400F arrived in Brazil

Brazil-based Azul Cargo Express’ first 737-400F arrived in Belo Horizonte this week, sporting a new livery. The aircraft (28198, ex-Miami International) recently underwent conversion to freighter configuration by PEMCO and is on lease from Vx Capital Partners. Azul Cargo Express said this freighter – the first of two 737-400Fs has agreed to lease from Vx […]
  • Charles Kauffman
  • July 13, 2018
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