CMI

Atlas to acquire Southern Air – but it’s all about DHL

Atlas Air Worldwide Holdings (AAWW) signed a definitive agreement to acquire Southern Air Holdings, a privately held US company with two airline subsidiaries – Southern Air, and Florida West International Airways – for US$110 million. Atlas said it expected the acquisition to close “in the next few months,” assuming regulatory approval by the US Department […]

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

Amazon.com Inc. is creating a logistics operation that will include overnight air operations in the US domestic market, potentially including the acquisition of at least 20 freighter aircraft, Cargo Facts has learned. Currently, Amazon ships most of its parcels through United Parcel Service, FedEx, and the United States Postal Service. The change to an inhouse […]
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