Atlas posts $400M loss, parks four converted 747Fs

Atlas Air Worldwide Holdings today reported a net loss of $410.2 million for the fourth quarter of 2019, partly resulting from a non-cash special charge of $485.2 million related to the write-down of the company’s whole 747-400F fleet due to lower cargo yields and aircraft utilization. Atlas posted the loss despite block hours in the […]

China nears takeover of HNA Group as virus hits business

China plans to take over indebted conglomerate HNA Group Co. and sell off its airline assets, the most dramatic step to date by the state to contain the deepening economic damage from the deadly coronavirus outbreak. The government of Hainan, the southern island province where HNA is based, is in talks to seize control of […]

Digital bookings on the rise, but are sales stuck in analog?

Digitalization of the cargo sales and booking process was a popular discussion topic at this year’s Cargo Facts EMEA, held earlier this month in Frankfurt. While interfacing with online booking platforms like cargo.one and Freightos’ WebCargo is a practice gaining traction among carriers, human sales agents are still central to the process. “We have a […]

Coronavirus afflicts January air cargo demand

January results have begun to come in from some of the world’s larger carriers and airports, and with the exception of LATAM Cargo and Turkish Cargo, cargo traffic was notably lower year-over-year compared with January 2019. While the varying timing of the Lunar New Year holiday often muddies annual comparisons for the months of January […]

CF EMEA: Intra-Europe widebody freighter operations

FRANKFURT — The increasing congestion at major European airports and growing express volumes may not be enough to push carriers to upgauge freighters utilized for intra-European routes, according to UPS. During the third session at Cargo Facts EMEA 2020 earlier this month, Jens Poggensee, vice president of transportation procurement for small parcels by air, and […]

Biman Bangladesh looks to add freighters

Biman Bangladesh Airlines has plans to add freighters to its fleet to satisfy “huge demand” from local traders, Md Mokabbir Hossain, the carrier’s managing director and CEO, told Dhaka-based outlet New Age. Biman’s long-term strategy sees the airline growing its fleet to a total of fifty aircraft by 2030. The carrier currently only has a […]

Connect Cargo freighters grounded

Brazilian startup Connect Cargo’s two leased 737-400Fs are currently grounded and could end up being repossessed by Luxembourg-based Vallair. According to ANAC, Brazil’s National Civil Aviation Agency, the two aircraft are no longer cleared for commercial flights. Connect Cargo, which only completed its Part 121 certification with ANAC and was granted its AOC in June […]
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