UPS strategy pivot limits fleet growth

UPS’ new CEO Carol Tomé, who took over the reins from David Abney on June 1, outlined a new direction for the company that will prioritize higher-quality revenue streams over volume growth. Future fleet additions and capital investments will be more rigidly scrutinized, which could restrain further fleet growth for UPS. “What we have done […]

Boeing 747 production to end in 2022

Boeing today acknowledged a formal end date to 747 production. “We anticipate completing production for the iconic 747 in 2022,” said President and CEO Dave Calhoun during an earnings call with analysts.  Let it sink in for a moment. Yes, the writing has been on the wall for some time now as the temporary low-rate production of six units per year introduced in 2016 has become permanent. Boeing has since then acknowledged it would move to end production absent “sufficient orders.” But the can was kicked further down […]

Restructuring at Lufthansa leaves freighter fleet plans intact

Lufthansa Group’s outstanding order with Boeing for two 777Fs remains unaffected despite the fact that the Lufthansa Cargo parent will halve its investment in aircraft between now and 2023, and continues to reduce some of the estimated 22,000 jobs made redundant by the crisis, Cargo Facts has learned. The Germany-based group this week approved a […]

747-400 most sought-after freighter in April FATs

Large widebody freighter aircraft transactions (FATs) have accelerated to eight, up from just three in March as COVID-19 disruptions pushed previously-idled 747-400 and similarly-sized freighters back into service. A total of three 747-400Fs were acquired during the month of April as Western Global Airlines added a production 747-400F (29258, ex-Atlas Air) and as Moldova-based Aerotranscargo […]

Western Global adds third 747-400F, reactivates MD-11F

Western Global Airlines added to its fleet a third 747-400F and started the process of reactivating one of several stored MD-11Fs. Amid the global airfreight capacity crunch, the carrier confirmed to Cargo Facts that it took ownership of unit 29258 (ex-Atlas Air) on April 22 and will soon place it into service [FAT 005395]. The […]

Widebody freighter retirement plans stall in March FATs

Large widebody freighter aircraft transactions (FATs) have slowed, dropping to just three in March and down from eight in February, as COVID-19 disruptions drove carriers to reevaluate retirement plans. Although February marked the first month in recent memory during which there was a net reduction to large widebody capacity, that trend reversed in March. ACE […]

FedEx reactivates first parked jet this year

While hundreds of passenger aircraft have been heading to Victorville (VCV) for short-term storage during the COVID-19 crisis, FedEx Express has brought an A300-600F (789) out of VCV, ferrying it to Piedmont Triad International Airport (GSO) on April 14. Unit 789, which was sent from Memphis (MEM) to VCV to be parked March 13, is […]
Page 1 of 712345 » ...Last »
Get Latest Issue