Atlas Air’s Michael Steen added to Cargo Facts Symposium speaker faculty

• Charles Kauffman and Jeff Lee
• September 10, 2020
• Cargo Facts Symposium, Editorial, Events, News

Cargo Facts is pleased to announce that Michael Steen, executive vice president and chief commercial officer of Atlas Air Worldwide, will be speaking at Cargo Facts Symposium 2020. Steen will speak on a virtual roundtable session dedicated to the topic of widebody freighters, titled, “Big birds and plenty of pallets: Will renewed interest in widebody […]

Freighter values resilient amid COVID-19

• Charles Kauffman
• August 28, 2020
• Aircraft, All Posts, Conversions, Editorial, Equipment, Narrowbody Conversions, News

Although values for some older vintage passenger aircraft models could decline by as much as 45%, freighter values are expected to hold stable through the current COVID-19 pandemic-induced downturn, according to a revised forecast from aircraft valuation firm Avitas. The resilience of freighter values stems from conditions prevalent in today’s market including, “The shortage of […]

Avitas’ Kelly on 747 values as production fades: Industry Pulse

• Charles Kauffman
• August 27, 2020
• Aircraft, Business, Conversions, Editorial, Equipment, Exclusive, News, Production Freighters, Strategy, Video

Historically, ending production for an aircraft drags down values. However, that’s not the case with the 747-8F, which Boeing last month decided to formally end production on.   In this episode of Cargo Facts’ monthly webinar series, Industry Pulse, Doug Kelly, SVP of asset valuation at Avitas, discusses the value trajectory for the 747 freighter now that an end to the line is […]

NCA to grow managed 747-400F fleet with ASL deal?

• Charles Kauffman
• August 25, 2020
• Aircraft, Carriers, Equipment, Exclusive, Freighter Aircraft Transactions, Logistics, Production Freighters, Widebody Fleet Analysis

Two factory-built 747-400Fs that were on long-term lease with AirBridgeCargo until earlier this year (36784 and 36785) have exited storage at Teruel (TEV) and are being prepared for service re-entry. Both aircraft were ferried to Frankfurt Hahn Airport (HHN), according to Flightaware, and appear to be undergoing maintenance ahead of service re-entry with ASL Airlines […]

New Asian startup targets 2021 launch with 747Fs

• Jeff Lee
• August 20, 2020
• Aircraft, Capacity & Demand, Carriers, Editorial, Equipment, Exclusive, Narrowbody Conversions, News, Production Freighters, Strategy, Widebody Conversions

A new company headquartered in Southeast Asia plans to commence freighter operations nine to twelve months from now, with the aim of building a fleet of two large widebody aircraft in the first year, and five within five years. One China Global Airways (OCG) told Cargo Facts it is in negotiations on the selection and […]

AirBridgeCargo to become latest 777F operator?

• Charles Kauffman and Jeff Lee
• August 18, 2020
• Aircraft, Carriers, Editorial, Equipment, Freighter Aircraft Transactions, Logistics, News, Production Freighters, Strategy

On Aug. 17, a 777F in AirBridgeCargo (ABC) livery (66625) departed Boeing’s Everett (PAE) facility and headed for Sharjah (SHJ), ahead of service entry with the carrier.   Once in service, the number of 777F operators will grow to nineteen. But will that number include ABC?  Despite having left PAE, a few regulatory hurdles remain on the path to service entry, and the carrier declined to provide a […]

Volga-Dnepr preps for 777F ops

• Caryn Livingston and Jeff Lee
• August 7, 2020
• Aircraft, Carriers, Editorial, Equipment, Freighter Aircraft Transactions, Logistics, News, Production Freighters, Strategy

Russia-based Volga-Dnepr Group has taken delivery of its first 777F (66625) from Boeing [FAT 005539]. Volga-Dnepr couldn’t confirm an exact date for the arrival of the aircraft at its hub in Moscow (SVO), but told Cargo Facts it could depart Boeing’s Everett (PAE) facility as early as next week. The Russian group’s first 777F is […]

Atlas Air flies high on charters

• Jeff Lee
• August 6, 2020
• Aircraft, Capacity & Demand, Carriers, Conversions, Editorial, Equipment, Logistics, Narrowbody Conversions, News, Production Freighters, Strategy, Widebody Conversions

On the back of what President and CEO John Dietrich called “an exceptional quarter,” Atlas Air Worldwide Holdings reported an adjusted net income of $123.2 million for the three months ended June 30, 2020, compared to $4.5 million for the same period in 2019. The charter segment was a significant contributor to the second-quarter performance. […]