Qatar Airways takes 10% stake in LATAM

On 28 December, Qatar Airways, through its wholly-owned subsidiary Qatar Airways Investments, completed the acquisition of 10% of Chile-based LATAM Airlines Group, reaching a total of almost 61 million shares at a price of US$10 per share. The two carriers already cooperate as members of the oneworld alliance, and whether the acquisition of the stake […]

Atlas looks ahead

  Atlas Air Worldwide Holdings last week reported second-quarter net income down 27.5% y-o-y to $20.6 million, as expenses incurred in gearing up for the twenty-aircraft Amazon deal ate into profitability. Reported financial and operational results are shown in the chart at right, but perhaps more important than the results themselves is an examination of […]

Big changes at Amerijet

On 26 July, ZS Fund L.P., a New York-based private equity firm announced it had acquired a majority stake in Miami-based Amerijet Holdings, Inc., and its logistics subsidiary, ITN Worldwide from H.I.G. Capital, for an undisclosed amount. In addition to the change in ownership, Amerijet’s founder, Dave Bassett will also step down as the group’s […]

Air freight yield recovery on the horizon?

Netherlands-based WorldACD has released its May report on worldwide air cargo demand (measured by chargeable weight), and to no surprise global demand was nearly flat, up 0.5% y-o-y in May (see the chart, below). True, global-trade growth is still less than burgeoning, but there was some indication that yields are beginning to bottom out, and even […]

DFW’s new cargo strategy paying off

Smack in the heart of Shanghai’s former French Concession, at the crossroads of Wulumuqi Road and Wuyuan Road, lies an unassuming store fronting a large sign that reads, “Avocado Lady.” Curious visitors to Shanghai are often intrigued by the shop’s name, and venture inside to see if there is indeed a lady offering avocados for […]

How far can you go from Qatar?

What is the farthest point on the globe from Doha? If our map-reading is correct, the most distant point from Qatar Airways hub in Doha is somewhere in the South Pacific Ocean, between South America and Australia – right where the airline says it intends to expand its cargo operations. At the Air Cargo China […]

Air Canada eyes South America-Europe air bridge

Air Canada is about to begin freighter service to Latin America and Europe. Canada-based all-cargo carrier Cargojet is close to finalizing a deal with Air Canada that, initially, would see Cargojet operating 767-300 freighters on an ACMI basis for Air Canada on routes to South America. Later this year, the network will be extended to […]

Cargo down at LATAM, up at Avianca

LATAM Airlines Group, parent of Chile-based LAN and Brazil-based TAM, reported cargo revenue down 12.7% in the first half to US$425 million. Cargo traffic for the half was down 4.3% to 2.12 billion RTKs, and cargo yield dropped 6.9% to US$0.390 per RTK. Discussing the result, the company said “cargo trends continue to be weak […]
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