HNA Group affiliates gobble up Hong Kong-based assets

Hong Kong Airlines recently acquired a 51% stake in SATS HK, the Hong Kong affiliate of Singapore-based airport services provider, SATS. In parallel, Hong Kong Airlines’ investment arm, Holistic Capital Investment, acquired a 35% stake in Asia Air Freight Terminal (AAT) (a stake that was owned by forwarder and logistics services provider, Kerry Logistics, SATS […]
  • Charles Kauffman
  • March 27, 2017

Robert van de Weg resigns as Volga-Dnepr Group SVP

2017 has certainly gotten off to a tumultuous start, with numerous management shake-ups at top air freight and logistics companies around the globe. Earlier this week, we reported executive changes at Etihad Airways, FedEx Corp, and ASL Airlines Belgium in New faces in high places. Today, The Loadstar reported Robert van de Weg had suddenly […]
  • Charles Kauffman
  • January 26, 2017

ABC breaks full-year volume record in just ten months

Russia-based AirBridgeCargo Airlines (ABC), the scheduled-service subsidiary of Volga-Dnepr Group, reported its October cargo volume up 30% y-o-y to 58,000 tonnes. For the first ten months of 2016 ABC’s cargo volume was up 29% over the same period in 2015 to 498,000 tonnes. But, more significantly, ABC’s ten month total this year is already up […]
  • Charles Kauffman
  • December 1, 2016

Is Moscow the new Gulf?

As we have often pointed out in recent posts, growth in demand for air freight has stalled in the Gulf Region, with both Emirates and Etihad reporting low-single-digit year-over-year gains for much of this year. But 4,000 km to the north, Moscow-based carriers AirBridgeCargo Airlines (ABC), and Aeroflot are racking up astonishing growth numbers. AirBridge, […]
  • David Harris
  • December 1, 2016

Who will become the heavyweight champion?

It’s official. Both Ukraine-based Antonov Company and Russia-based Volga-Dnepr Group have confirmed they will end their decade-long sales joint venture, and go it alone in the outsize and heavylift marketplace beginning 1 January. The two companies created the joint venture, Ruslan International, in 2006 to jointly market their combined An-124-100 fleets. Given that their airline subsidiaries, […]
  • David Harris
  • November 21, 2016

SkyCargo hits the brakes as other carriers go full-throttle

SkyCargo, the cargo arm of Dubai-based Emirates, reported cargo volume flat y-o-y, at 1.3 million tonnes in the first half (ended 30 September) of its current fiscal year. Volume was not the only disappointment for the carrier, with net profit in the half down 75% to US$214 million, as revenue fell 1% to $11.4 billion. […]
  • Charles Kauffman
  • November 14, 2016

Who is carrying all that European traffic?

According to IATA, cargo traffic flown by carriers based in Europe was up 12.6% year-over-year in September, their biggest gain in many years. This strong performance by European carriers has now been going on for six months. But who is carrying all that cargo? In the past, the answer would have been simple: Air France-KLM, […]
  • David Harris
  • November 4, 2016

The rise of the Cargo Supermarket

At TIACA’s 2016 Air Cargo Forum last week, the exhibition halls were bustling. Many delegates had already made their initial loop around the hall by the time the first panel, “Air Cargo: What lies ahead?” was presented. During the journey round the halls, one could hardly avoid bumping into large stands presented by Volga-Dnepr Group and […]
  • Charles Kauffman
  • October 31, 2016
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