Despite near-term air cargo bump, FedEx rejigs aircraft deliveries

• Charles Kauffman
• July 1, 2020
• Aircraft, All Posts, Carriers, E-Commerce, Earnings, Editorial, Equipment, Logistics, Production Freighters

The COVID-19 pandemic kicked FedEx’s flight operations into high gear during the fourth quarter of its fiscal year 2020, ended May 31. The favorable demand that surfaced following passenger flight cancellations enabled FedEx to make up for lost ground in Q4 with additional flight segments and a surge in charter activity. While capacity cuts and […]

CFA 2020: Idled aircraft to become conversion feedstock

• Caryn Livingston
• April 23, 2020
• Cargo Facts Asia, Conversions

The negative impact of the COVID-19 pandemic on passenger aircraft operations is a surprising boon to operators and lessors searching for suitable feedstock for freighter conversions. This was the consensus at a panel discussion on freighter conversions during this week’s Cargo Facts Asia virtual event. “We’re actually seeing quite a dramatic increase in orders amongst […]

CAM takes redelivery of first 767BDSF for UPS

• Jeff Lee
• August 29, 2019
• Aircraft, All Posts, Capacity & Demand, Carriers, Conversions, Features, Freighter Aircraft Transactions, News, Strategy, Widebody Conversions

Cargo Aircraft Management (CAM), the leasing subsidiary of Air Transport Services Group (ATSG), has taken redelivery of another 767-300BDSF (28041, ex-Air Italy) [FAT 005112]. But what’s different about this aircraft is that, instead of being destined for Amazon like most of CAM’s recent redeliveries, it will be placed with Atlanta-based integrator UPS [FAT 005113]. This […]

Mongolian acquiring second 737F, planning 767Fs

• Jeff Lee
• August 7, 2019
• Aircraft, All Posts, Capacity & Demand, Carriers, Features, Narrowbody Conversions, News, Strategy

Startup carrier Mongolian Airways Cargo, which just last month received its first aircraft, a 737-300F (25172, ex-China Postal Airlines), is acquiring its second 737-300F and is expecting to add it into the fleet early next month after maintenance work is completed. The company is also looking at 767 freighters as part of its business plan. […]

Freighter aircraft leasing part I: E-commerce behind growing leasing market

• Jeff Lee
• July 11, 2019
• All Posts, Features, Freighter Fleet Analysis

Today we begin our annual analysis of the increasingly complex world of freighter aircraft leasing. In this two-part series, we begin with an overview of how the freighter fleet belonging to lessors has evolved since our analysis a year ago. In part II, we will consider the leased fleet by carrier, and how year-over-year shifts […]

Flynn retiring as Atlas CEO, with Dietrich to assume the role in 2020

• Brianne Ledda
• July 2, 2019
• Aircraft, Carriers, Features, News

Today, Atlas Air Worldwide Holdings announced that President and Chief Executive Officer William Flynn will retire from the company at the end of this year. Flynn will become chairman of the board upon his retirement.   Atlas’ current Executive Vice President and Chief Operating Officer, John Dietrich, will take Flynn’s place. Dietrich has been appointed president of the company effective immediately and will assume Flynn’s CEO role […]

CF EMEA 2019: lower asset utilization fuels European express market’s appetite for converted 767Fs

• Caryn Livingston
• February 7, 2019
• All Posts, Cargo Facts EMEA, Express

Low utilization rates and inefficient packaging are driving European express demand for freighter-converted 767Fs, said panelists at this week’s first-ever Cargo Facts EMEA event in Frankfurt. Dr. Joerg Andriof, Chief Operating Officer, Titan Aircraft Leasing, told delegates that the most efficient express networks in Europe utilize feeder aircraft, 737Fs, and 767Fs. “On the trunk routes […]

FedEx revenues rise, while Express trends worsen in 2QFY19

• Caryn Livingston
• December 20, 2018
• Earnings, Express

This week, Memphis-based FedEx reported a 9.3% year-over-year increase in revenue for its 2QFY19, ended 30 November, to US$17.82 billion. Operating income during the quarter was up only 4.8%, compared to a double-digit increase reported for 1Q, to $1.17 billion, and net income rose 20.6% to $935 million. The Express segment presented substantial headwinds for […]