A new freighter for Southern Air

Just after we sent out this week’s issue of Cargo Facts Update last night, we learned from US-based ACMI operator Southern Air that they have purchased another 747-200F. The freighter is an ex-Air Atlanta Icelandic unit (23476), which Southern bought from Wasps Aircraft Leasing. Southern also recently acquired two 777Fs (which it is operating for […]
  • David Harris
  • May 28, 2010

What is happening at Air France-KLM Cargo?

AF-KL’s cargo operations took a big hit in the recession — no news there, because everybody’s cargo operation took a big hit. But beginning last September, and continuing right through today, a sharp resurgence in demand has most carriers reporting y-o-y monthly gains of 25% to 45%. But not Air France. What is going on? […]
  • David Harris
  • May 21, 2010

Oil prices down 20% in two weeks

The price of oil has dropped 20% in two weeks, reaching a low today of $69.27 per barrel, down from an 18-month high of over $87 just a few weeks ago. This should bring relief to carriers with a focus on cargo, who, for the moment at least, can stop worrying about a return to […]
  • David Harris
  • May 17, 2010

Breaking news: FedEx orders six more 777 Freighters

FedEx filed an 8-K report with the Securities and Exchange Commission yesterday in which it said it had: entered into an agreement with Boeing to increase its order for 777 Freighters by an additional four units, and entered into a letter of intent (LOI) to acquire two 777Fs from another party Assuming the LOI is […]
  • David Harris
  • May 7, 2010

There’s good news, and then there’s good news…

As I prepare this week’s issue of Cargo Facts Update (to which you should subscribe if you haven’t already – go to http://www.cargofacts.com/newsletter/subscriptions.htm) I see one positive development after another. Here are a few examples: The major freighter conversion houses not only booking orders, but they are also starting new programs Atlas Air Worldwide holdings, […]
  • David Harris
  • May 6, 2010

We’re moving!

After ten years in the same building on Seattle’s Pike St., Air Cargo Management Group (Cargo Facts’ parent) is moving. Our new address, effective 1 May, is:2033 6th AveSuite 830Seattle, WA, 98121 Now, for those of you not familiar with Seattle, I point out that while the Pike Street office had its advantages — just […]
  • David Harris
  • April 29, 2010

An optimistic forecast from the IMF

As air freight begins to move into, out of, and within Europe, perhaps it is time to look ahead. Historically, demand for air freight has grown at roughly twice the rate of growth of world GDP. In recent years, the two-to-one ratio has shrunk somewhat, but whatever the exact relationship, GDP growth is clearly an […]
  • David Harris
  • April 21, 2010

Volcano update: European airspace may reopen soon

According to a Reuters report, European Transport Ministers have reached a deal to gradually lift flight restrictions imposed because of the ash cloud from an Icelandic volcano. The agreement will become effective at 06:00 GMT on 20 April (Tuesday), but it is not yet known how quickly traffic will be allowed to resume. Air France […]
  • David Harris
  • April 19, 2010

Volcanic ash disrupts air freight to and from Europe

As has been widely reported in major media sources worldwide, the eruption of a volcano in Iceland has created a huge cloud of volcanic ash, and that cloud has been blown east and south to cover much of Europe. Since volcanic ash can cause failure of jet engines, many European countries have partially or completely […]
  • David Harris
  • April 16, 2010
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