ATSG reports adjusted third-quarter net income up 72%

Air Transport Services Group (ATSG) reported a third-quarter net loss of $33 million, as revenue increased 31.5% y-o-y to $254 million. A bad quarter? Hardly. As was the case with Atlas Air Worldwide Holdings, the main cause of the reported loss was a change in the value of warrants issued to Amazon as part of […]
  • David Harris
  • November 9, 2017

Suparna Airlines’ growing widebody fleet

Earlier this week, we reported that Shanghai-based Suparna Airlines (formerly Yangtze River Airlines) leased a 747-400ERF (35235, ex-ASL Airlines Belgium opf Emirates) from Aircastle. We have since learned that the aircraft was not leased, but in fact purchased. In addition, Cargo Facts believes that this was the first of two ERFs Suparna is buying from […]
  • Charles Kauffman
  • September 22, 2017

Suparna adds 747-400F, ultimately bound for Cargolux’s China venture?

Update, 21 September 2017: Cargolux confirmed to Cargo Facts that there is in fact, no connection between Henan Cargo Airlines and Suparna’s recent 747-400F acquisition.  Last month, ASL Airlines Belgium returned a 747-400F (35235) to lessor Aircastle, and today the aircraft arrived in Hong Kong, where it is now on lease to Shanghai-based Suparna Airlines […]
  • Charles Kauffman
  • September 19, 2017

New ACMI-deals highlight growing demand for 747Fs

This month, Atlas Air Worldwide (AAWW) will begin operating a 747-400F on an ACMI basis for Deutsche Post DHL Group’s forwarding subsidiary, DHL Global Forwardin. Separately, Orlando-based National Airlines announced it had placed two 747-400Fs with China-based BST Logistics. Do these deals sound familiar? They should. Atlas has recently inked ACMI/CMI deals for 747F assets […]
  • Charles Kauffman
  • September 15, 2017

Where have all the orders gone?

What has happened to the market for production freighter aircraft? The conversion houses can hardly keep up with demand for narrowbody and medium widebody freighters, the news is full of stories of e-commerce driving big increases in demand for air freight, and airlines the world over are reporting increasing traffic and yields. But new orders […]
  • David Harris
  • August 30, 2017

HNA increases ties with SF Airlines

Hainan Group (HNA) subsidiary carrier Suparna Airlines (formerly known as Yangtze River Airlines) ACMI-leased a 757-200PCF from SF Airlines, and launched twice-weekly scheduled service between Zhengzhou and Taipei. The lease is for just one year, but, given that demand has long outstripped capacity at SF Express’ air arm, why would it reduce capacity by leasing […]
  • Charles Kauffman
  • August 21, 2017

Part IV: The leased freighter fleet, by carrier

On Monday, we began a multi-part series on freighter aircraft leasing which began with a look at the way in which a business that was originally fairly straightforward has become increasingly complex – you can see that discussion here. On Tuesday, we continued with a closer look at the lessors themselves (see part II). Part III […]
  • Charles Kauffman
  • August 17, 2017

An (adjusted) flying start for Atlas in 2017

Atlas Air Worldwide Holdings (AAWW) reported a net first-quarter loss of $752,000 (compared to a $471,000 profit in 1Q16), as total revenues rose 13.6% y-o-y to $475 million. Operating income for the quarter was up 19.8% to $24 million. Given the net loss, why was Atlas so pleased with the result that CEO Bill Flynn […]
  • David Harris
  • May 3, 2017
Page 1 of 41234 »