European freighter fleet analysis (Part II): 777F on the rise

This is the second part of our analysis of the European jet freighter fleet. Last week, we looked at narrowbodies in Part I. Turning to the widebody jet freighter fleet operated by European carriers, the chart shows that the total number increased 8.3% since last year to 209 units. Notably, the overall number of 747-400Fs […]

CargoLogicAir to cut two 747Fs early next year

UK-based CargoLogicAir (CLA) will reduce its four-unit 747F fleet by two units next year, “because of the ongoing challenging market conditions,” according to a statement from the carrier. Following the reduction, CLA intends to continue operating two aircraft in ACMI service. The cuts are the latest prompted by CLA’s parent, the Volga-Dnepr Group, which earlier this […]

Volga-Dnepr Group misses targets, begins restructuring process

Russia-based Volga-Dnepr Group will be executing a restructuring plan after the group’s three carriers – AirBridgeCargo (ABC), ATRAN and Volga-Dnepr Airlines (VDA) – saw their collective traffic drop by 6% in the first half of 2019, to 2.6 million FTKs, missing targets by 20%. While an immediate change involves the appointment of a new general […]

El Al ceases 747 freighter ops, looks to AirBridge and ASL for charters [VIDEO]

On 30 June, an El Al-operated 747-400F (26563) landed at Ben Gurion Airport (TLV) on completion of a final commercial flight that originated in Liege, Belgium (LGG). El Al yesterday confirmed that it is retiring the freighter after nine years in service [FAT 005038]. Despite the retirement of the Israel-based carrier’s only freighter, El Al […]

DAE Capital to finance first three AirBridgeCargo 777Fs in sale-leaseback deal

The leasing division of Dubai Aerospace Enterprise (DAE), DAE Capital, will purchase three 777Fs Russia-based Volga-Dnepr Group has on order with Boeing and hand them over on-lease to the group's affiliate carrier AirBridgeCargo (ABC) as part of a sale-and-leaseback agreement [FATs 005021-005023]. The 777Fs are due to join the ABC fleet in 2020. Volga-Dnepr confirmed […]

Volga-Dnepr firms up order for nine 777Fs

Less than one year after expressing interest in the 777F platform, a UK offshoot of the Russia-based Volga-Dnepr Group has firmed up an order for nine 777Fs. Although the deal was finalized in December 2018, the order from Volga-Dnepr UK Ltd. is only now surfacing in a recent update to Boeing’s order book. While a […]

AirBridgeCargo, CLA embark on freight density test with cargo.one

All-cargo carriers AirBridgeCargo and CargoLogic Air have taken the plunge and will begin making spot market capacity and rates visible and instantly bookable through air cargo booking and marketing platform, cargo.one. Although combination carriers have been warming up to the idea for some time, the move represents a major pivot for all-cargo carriers, which have […]
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