Uni-top grounds fleet as it seeks new investors as part of restructure

Wuhan-based Uni-top Airlines’ fleet of freighters is currently grounded as the carrier faces financial difficulties and looks to restructure. According to Chinese business news outlet Yicai, the company has suspended all operations and has parked or returned its aircraft off lease. The last aircraft to have stopped flying appears to have been unit 763, which […]

New cargo startup, more freighters for China

Today, the Civil Aviation Administration of China (CAAC) approved the establishment of a new Chinese cargo carrier, Zhongzhou Airlines Co., Ltd., that will be based out of Zhengzhou Airport (CGO). The airport, which also serves as Cargolux’s China hub, seems to be gaining traction as a hub in the domestic Chinese cargo landscape. Zhongzhou Airlines is […]

HNA Group: Big plans, but a long wait

This week, reports surfaced that the debt-laden HNA Group will seek to regain financial equilibrium by pursuing an IPO for its ground handler, Swissport, and by potentially offloading a mix of other assets. HNA claims that going public with Swissport will fuel Swissport’s long-term growth plans by providing additional liquidity. It remains unclear however, whether […]

CAAC cutting red tape for cargo start-ups?

After more than a year during which the Chinese Civil Aviation Administration took little action towards approving new start-up cargo airlines (we recall Guangzhou-based Longhao was the last new venture to receive its AOC in December 2016, and subsequently commence commercial service in March 2017), there is suddenly a flurry of activity. Just this week, […]

Suparna Airlines’ growing widebody fleet

Earlier this week, we reported that Shanghai-based Suparna Airlines (formerly Yangtze River Airlines) leased a 747-400ERF (35235, ex-ASL Airlines Belgium opf Emirates) from Aircastle. We have since learned that the aircraft was not leased, but in fact purchased. In addition, Cargo Facts believes that this was the first of two ERFs Suparna is buying from […]

5 recent freighter deals that caught our eye

The velocity at which freighter aircraft are bought, sold, leased and traded can be quite rapid, especially in a healthy market for air cargo. The past few months have been no exception, and there have been numerous freighter transactions that caught our attention. But just what makes a freighter transaction stand out among the sea […]
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