Freighter aircraft leasing: Portfolios full of narrowbodies – part II

Yesterday we began our annual analysis of freighter aircraft leasing with an overview of the lessors involved in freighter aircraft leasing. You can read part I here. Today in part II, we look at the leased freighter fleet by carrier. Turning now an analysis of the fleets of carriers that lease freighter aircraft begins to […]
  • Charles Kauffman
  • August 14, 2018

Freighter aircraft leasing: Portfolios full of narrowbodies – part I

Today we begin our annual analysis of the increasingly complex world of freighter aircraft leasing. In this multi-part series, we start with an overview of the lessors involved in freighter aircraft leasing. In part II, we look at the leased freighter fleet by carrier.  The process a carrier must undergo to expand its fleet is […]
  • Charles Kauffman
  • August 13, 2018

Revisiting the 747-400 Freighter

In November 2017, air freight traffic was growing 8.0% year-over-year, jet fuel was selling for about $1.75/gallon, Cargolux CEO Richard Forson was telling journalists that he was thinking about expanding his fleet of 23 747 freighters, and Boeing’s production of new 747-8Fs had slowed to a crawl. From where were these additional freighters to come? […]
  • Alan Hedge
  • August 10, 2018

The world’s top 50 cargo carriers of 2017

Last year when we analyzed the top 50 cargo carriers of 2016, we noted FedEx’s runaway cargo traffic growth through its acquisition of TNT, which further drove a wedge between FedEx and the number two contender for highest total cargo traffic, Emirates. However, a year can make quite a difference, and what an eventful year […]
  • Caryn Livingston
  • August 9, 2018

Cathay stays in the red, despite continued cargo strength

The Cathay Pacific Group reported a net loss of US$34 million in the first half of 2018, marking an improvement from 2017’s first half when the Hong Kong-based carrier reported a net loss of $261 million as its passenger business struggled to counter increasing competition from airlines based in mainland China. So far this year, […]
  • Caryn Livingston
  • August 8, 2018

ATSG’s appetite for 767Fs to persist beyond 2019

Concurrently with the reporting of its 2Q18 financial results, during a call with financial analysts, Air Transport Services Group (ATSG) doubled-down on its commitment to the 767 platform through 2019 and beyond, signaling that it will add between six and ten of the type in 2019, and is likely to add more in 2020 and […]
  • Charles Kauffman
  • August 7, 2018

DP-DHL 2Q results point to ongoing post, parcel pains

While Deutsche Post-DHL Group posted operating profit (EBIT) gains in the Express, Global Forwarding and Freight, and Supply Chain segments, a year-over-year decrease of 58.5% in second quarter EBIT for the Post-eCommerce-Parcel (PeP) division weighed on the Group’s overall EBIT for the quarter, which declined by 11.2% y-o-y to €747 million. The Group’s revenue increased […]
  • Caryn Livingston
  • August 7, 2018

EFW redelivers first A330-200P2F to EgyptAir Cargo

On 3 August, EgyptAir Cargo took redelivery of the first A330-200 passenger-to-freighter converted aircraft from EFW, the MRO and conversion joint venture of ST Aerospace Engineering and Airbus. EgyptAir initially signed on as EFW’s launch customer with an order for two of the converted freighters in late 2014 and has since confirmed an order for a third, […]
  • Caryn Livingston
  • August 6, 2018

Atlas Air revenue, guidance rise again in 2Q

Atlas Air Worldwide Holdings (AAWW) reported a second-quarter net loss of $21.2 million, down from net income of $38.9 million for 2Q 2017, due to an unrealized $50 million loss on outstanding warrants. However, after adjustments, the company saw a 70.8% increase in adjusted net income, to $49.7 million. Operating income rose 4.2% to $60.9 […]
  • Caryn Livingston
  • August 3, 2018

YTO Express to convert former military air base into global operations hub

Earlier this week, Shanghai-based YTO Express, the parent company of YTO Cargo Airlines inked an agreement with the Jiaxing City local government to convert a 96-hectare plot of land at Jiaxing Airport (JXS) into an aviation logistics hub. Once completed, the former military airport will assume Hangzhou Xiaoshan (HGH) Airport’s current role as the main […]
  • Charles Kauffman
  • August 2, 2018
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