ASL takes X-air MRO fully in house
Ireland-based ASL Aviation Holdings has reached an agreement with France-based Sabena Technics to increase its stake and fully acquire Belgium-based...
Carriers
Lufthansa, labor union reach pay agreement for ground workers
The United Services Union (ver.di) and Lufthansa settled on a bargaining agreement Aug. 4 for roughly 20,000 ground service workers...
Listen: A week of widebody freighter developments
In this week’s episode of Cargo Facts Connect, Cargo Facts Editor Jeff Lee and Associate Editors Andrew Crider and Robert...
UPS sets sights on two more 747-8Fs
Atlanta-based UPS could further augment its quad-engine widebody fleet by adding two more 747-8Fs. The express integrator currently has two...
Lufthansa Cargo’s Q2 revenue jumps 45% YoY
Lufthansa Cargo proved to be among the carrier’s most profitable divisions in Q2, posting an operating profit of 482 million...
Atlas to complete acquisition of leased 747-400Fs by yearend
Atlas Air Worldwide Holdings announced today it will be purchased by a consortium led by Apollo Global Management for $5.2...
Apollo investor group buys Atlas Air Worldwide for $2.9B
Following unanimous approval from its Board, Atlas Air Worldwide (AAWW) sold today at an enterprise value of $5.2 billion to...
Apollo-led group to buy cargo-hauler Atlas Air for $2.9 billion
An investor group led by Apollo Global Management Inc. is acquiring Atlas Air Worldwide Holdings Inc. for about $2.9 billion,...
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