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

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 […]

• Caryn Livingston
• February 7, 2019

FedEx revenues rise, while Express trends worsen in 2QFY19

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 […]

• Caryn Livingston
• December 20, 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

Freighter aircraft transactions from mid-June through mid-July

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]

• Caryn Livingston
• July 11, 2018

More freighters for FedEx and a solid 4QFY18

  Yesterday, along with the release of FedEx’s Q4FY18 financial results, Boeing and FedEx jointly announced an order for twelve 767Fs, and twelve 777Fs in a deal valued at $6.6 billion at list prices. Although the 767Fs represent are a completely new, previously unannounced order, FedEx has long stated in its Stat Book that it […]

• Charles Kauffman
• June 20, 2018

Air Incheon to fly first 767F for Samsung… Is Samsung Air the next Amazon Air?

Next week, Seoul-based Air Incheon will begin operating a 767-300BDSF (25202) for Samsung SDS/Cello. The aircraft is the first of two 767 freighters to be leased from ATSG West Leasing (a subsidiary of Air Transport Services Group). The second unit is expected to follow in August. Cargo Facts believes, however, that should this operation prove […]

• Charles Kauffman
• April 11, 2018

LATAM fleet rebalance sees 777 freighters shift to Atlas

Chile-based LATAM Airlines’ cargo division has finally offloaded the 777 freighters it planned to remove from its fleet by the end of 2017. Atlas Air Worldwide Holdings acquired the freighters and announced that its Southern Air subsidiary will operate both freighters on an ACMI basis for DHL Express. Southern Air has operated one of the […]

• Caryn Livingston
• March 7, 2018

Boeing Shanghai and SF ink maintenance deal

Last week, SF Airlines, the Shenzhen-based air arm of China’s biggest express company, signed an agreement with Boeing Shanghai Aviation Services Co Ltd covering the carrier’s fleet of sixteen 737 Classic freighters, and five 767-300BCFs. SF’s first aircraft is currently undergoing a C-check at Boeing Shanghai’s MRO facility. The nose-to-tail maintenance check is expected to […]

• Charles Kauffman
• July 24, 2017