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

The widebody freighter fleet: Growing again, but slowly

Today we begin a multi-part analysis of the worldwide fleet of widebody jet freighters in commercial service, as of 31 January, 2018. We start with a look at the entire fleet – which carriers are operating which freighters – and in the coming days will move on to the ways in which the fleet has […]

• David Harris
• February 12, 2018

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