Air France-KLM to retire 747 combis by 2021, freighters to remain

Air France-KLM will withdraw from service the remainder of its 747 passenger and combi fleet, comprising five 747-400Ms and five 747-400s, by 2021, the carrier recently announced. No immediate changes, meanwhile, are planned for the group’s six-strong freighter fleet.  A formal retirement schedule for the 747s will ultimately depend on the rate at which the group’s backlog of […]

Dutch State to match France’s stake in Air France-KLM

In a move that came as a surprise to Air France-KLM’s Board and the French government, the Dutch State acquired a 12.68% stake in Air France-KLM Group, valued at US $774 million. In the near future, the Dutch Finance Ministry plans to match the French Government’s 14.3% stake in the holding company through the purchase […]

Cargo traffic declined in January

Almost unanimously carriers headquartered in Asia, Europe, and the Americas have begun reporting lower year-over-year cargo traffic for the month of January 2019. As can be seen from the chart at right, of the six major Asia-based carriers that have reported January traffic figures, all but one – China Airlines – have reported year-over-year declines […]

Air freight traffic disappoints in December first look

The disappointing November results revealed in last month’s first look were apparently a preview for an overall diminished peak season for air freight, as volumes and traffic declined across all regions. Many of the same culprits behind November’s year-over-year decline – notably an increasingly uncertain global trade environment, faltering economic performance across multiple economies, and […]
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