Korean Air Cargo reports traffic, yields up significantly in Q317

Incheon-headquartered Korean Air Cargo reported Q317 cargo yields (in US$) up 12.3% y-o-y, on traffic that was 7.5% higher. Capacity rose 4.3% during the same period, pushing load factors up 2.4 points, to 78%. Overall tonnage rose 10%, driven primarily by higher international traffic. Outbound tonnage ex-Korea was up 10%. With increasing cargo revenues, the […]
  • Charles Kauffman
  • November 16, 2017

Recent freighter aircraft transactions

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]
  • David Harris
  • October 20, 2017

Korean Air renews fleet amidst soaring cargo revenues

Yesterday, Korean Air took delivery of its twelfth 777F (62697),  as part of a plan to renew a fleet once heavily-reliant on 747-400BCFs and 400ERFs. This unit is on lease from GECAS, and was the fifth aircraft included as part of a sale-and-leaseback deal for five 777Fs between Korean Air and GECAS that was reached […]
  • Charles Kauffman
  • October 17, 2017

Atlas expands its fleet

Atlas Air Worldwide Holdings (AAWW) acquired a 747-400ERF (33515) on lease from Altavair. The freighter was originally delivered to Korean Air in 2003, and has been operated by Korean until now. Altavair acquired it, along with a sister ship, in a forward sale late last year. The second of the pair (33517) will also be […]
  • David Harris
  • September 11, 2017

South Korean air cargo traffic 7.5% higher in 2016

South Korean air cargo traffic 7.5% higher in 2016, compared to 2015, as total tonnage reached 3.78 million tonnes. The country’s two big carriers, Korean Air and Asiana, both operate significant freighter fleets. Korean Air accelerated its freighter fleet renewal efforts in 2016. In the last twelve months, Korean has taken delivery of a 747-8F […]
  • Charles Kauffman
  • March 14, 2017

Load it up, and fly it away

With no earthshaking news breaking in the air cargo world today, we thought it a good time to post a couple of videos. We start with one that shows, from a pilot’s perspective, that getting a big freighter into the air is mostly about waiting. This is one of the Air France-KLM 747-400ERFs operated by subsidiary […]
  • David Harris
  • January 28, 2016

Happy 10th birthday 747-8F

Ten years ago, in November 2005, Cargolux and Nippon Cargo Airlines (NCA) placed launch orders for ten and eight 747-8Fs, respectively. They were both well-established all-cargo carriers with significant 747-400F fleets, and both had been operators of the 747-200F. So it was not surprising that they would be first in line for the next generation […]
  • David Harris
  • November 3, 2015

Will aircraft age limit affect Korean freighter operators?

Eight South Korean airlines are reported to have signed an agreement with the country’s Ministry of Land, Infrastructure, and Transport (MLIT) to only operate aircraft of twenty years or younger. At present, three of the eight carriers, Korean Air, Asiana Airlines, and Air Incheon, operate a total of twelve aircraft outside the limit: Four 747-400s […]
  • David Harris
  • May 22, 2015
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