Central Airlines nears Chinese AOC

Zhengzhou-based startup carrier Central Airlines (“Zhongzhou” in Mandarin) is one step closer to launch. The Civil Aviation Administration of China (CAAC) issued a notice on Dec. 18 saying that it had received the carrier’s application for an AOC and that all preparatory work at the carrier had been completed. This is seen as the final step […]

PEMCO’s 737-700 FlexCombi completes FAA certification flights, nears STC

Yesterday, PEMCO completed flight testing with the Federal Aviation Administration (FAA) for its 737-700 FlexCombi conversion program. The conformity aircraft (30293, an ex-Yakutia) landed in Tampa (TPA) at 3:53PM local time after passing a smoke intrusion test – the last in a series of flight tests with the FAA ahead of the program’s receipt of […]

IAI looks to add European conversion site

Israel Aerospace Industries (IAI) is exploring the possibility of adding conversion lines at the Aviatic MRO facility at Siauliai International Airport (SQQ) in Lithuania. The Aviatic MRO facility occupies an area of 471 hectares at SQQ, which is located in northern Lithuania. The facility is operational 24/7, has no noise restrictions, and is capable of […]

Bain invests in Atlas’ leasing business to launch cargo JV

Titan Aviation Holdings, the leasing subsidiary of Atlas Air Worldwide, and Bain Capital Credit today announced plans to establish a joint venture to develop a freighter aircraft leasing portfolio with a valuation of approximately $1 billion. Both companies will provide equity capital, with Bain and Titan initially contributing $360 million and $40 million, respectively. Long-term, […]

FedEx falls hard in its latest earnings report

FedEx reported a surprising fiscal second-quarter decline in revenue and operating income during Tuesday’s earnings call in which CEO Fred Smith described the quarter (period ending November 30) as an anomaly. Smith reminded those on the call of the shorter holiday season that required planning and expenses to handle volumes that would fall during the […]

Sun Country Air to operate ten 737-800BCFs for Amazon

Minneapolis-based low-cost carrier Sun Country Air has agreed to operate ten 737-800BCFs on a CMI-basis for Amazon for a period of six years. The carrier will become Amazon’s third ACMI operator in the United States after Air Transport Services Group and Atlas Air Worldwide Holdings. Amazon will lease all ten 737-800BCFs from GECAS, and transfer […]

Despite forecasted growth, air cargo traffic in 2020 should remain lackluster, Cargo Facts Consulting determines

This was not a good year for air cargo. Globally, 2019 air cargo traffic has fallen, with IATA expecting full year air cargo traffic to decline by about 3.3%. But while IATA is forecasting growth of 2% in 2020, Cargo Facts Consulting’s expectations are more pessimistic, although there is upside for companies operating in the […]

Not a November to remember

After phenomenal growth for airfreight demand in November 2017, followed by more tempered increases in 2018, November 2019 is not shaping up to be a month to remember. Among the carriers reporting November 2019 traffic, most operators reported modest declines. This trend was not unanimous – in each of the three regions we cover, at […]
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