Cargo Facts Asia: 2 fast-growing Asian express carriers pursuing ACMI

SHANGHAI – Tianjin Air Cargo and Juneyao Air Logistics, two fast-growing Chinese express carriers, will consider ACMI leasing of widebody and narrowbody freighter aircraft, respectively, the companies said at today's eighth annual Cargo Facts Asia here. Although carriers serving the e-commerce fueled express markets would ultimately prefer to control their own long-haul capacity, panelists agreed […]

• Caryn Livingston and Charles Kauffman
• April 16, 2019

Qantas to upgrade Atlas-leased freighters to 747-8Fs

Atlas Air Worldwide Holdings, which has had a long-standing ACMI lease agreement with Qantas Freight for the operation of two 747-400 freighters, said in a statement today that the leased aircraft will be upgauged to two 747-8Fs. According to flight tracking software FlightAware, the two -400Fs (29253 and 29254, both of which operate in Atlas […]

• Caryn Livingston
• April 4, 2019

ATSG adds 777 platform through Omni Air acquisition

Ohio-based Air Transport Services Group, Inc (ATSG) is acquiring Oklahoma-based Omni Air in a deal that will add thirteen additional aircraft to ATSG’s fleet, including the first three 777 aircraft in the aircraft leasing specialist’s portfolio. The cash price of the acquisition is listed at $845 million, and the deal is expected to close later […]

• Caryn Livingston
• October 2, 2018

SF Express to ACMI-lease a 747-400F from Atlas to expedite launch of trans-Pacific ops

Beginning next month, Atlas Air Worldwide Holdings’ Atlas Air subsidiary will operate a 747-400F on an ACMI-basis for Shenzhen-based express carrier SF Express. Widebody 747F operations represent a monumental step for SF, which historically operated a fleet of narrowbody freighters in a domestic express network. In recent years, the carrier has deployed 767-300BCFs on international […]

• Charles Kauffman
• September 21, 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

ATSG reports another good quarter

Air Transport Services Group (ATSG) had another great quarter following strong results in 2017, with most of the improvements stemming from a dramatic 211.5% year-over-year increase in the group’s ACMI segment earnings. After recording a US$3.5 million loss in ACMI segment earnings during the first quarter of 2017, 2018’s quarterly results of $3.9 million in […]

• Caryn Livingston
• May 8, 2018

Flexport’s own-operated air freight network grows

In a sign that trans-Pacific air freight capacity remains tight, and rates volatile, yet another forwarder has signed on to dedicated freighter service. Earlier this week, Florida-based Western Global Airlines and US-based digital freight forwarder Flexport inked a three-year deal under which Western Global will operate regular 747-400F flights between Hong Kong (HKG) and Los […]

• Charles Kauffman
• March 9, 2018

The widebody freighter fleet — Part II

Yesterday, in Part I of this analysis of the widebody freighter fleet as it stood at the end of January 2018, we offered an overview of the entire fleet – which carriers are operating which freighters. We concluded Part I with a chart showing every airline that operates widebody jet freighters in commercial service, including […]

• David Harris
• February 13, 2018